Bit-comment: BTC divided market to 2 camps
September 10, 2019 @ 09:41 UTC
Crypto market participants were divided into 2 camps. The former believe that the current side trend is a harbinger of a deep correction. This scenario assumes that Bitcoin may decline to $8.5K or lower. What will happen to the altcoins, in this case, this group of investors is afraid to predict at all. The second group places great hopes on delivery futures and institutional money, which are about to start entering the market.
The news background, trade war, devaluation of national currencies, soft monetary policy and populism have become some kind of “backing” for cryptocurrencies. In addition, Bakkt has already started to accept deposits, announcing that it has insured user deposits of $125 million. Trading will begin on September 23, which could be a landmark day for Bitcoin and the entire cryptocurrency market. On Tuesday morning, Bitcoin trades around $10,300, showing almost unchanged dynamics over the day. TOP-10 altcoins show growth by 2-5% which confirms the forecasts for the possible revival of alternative coins.