Bitcoin went down to the lowest level in June. Because of falling prices, low-level digital tokens and those who are willing to invest are given a definite boost from virtual money.
When we look at it in general, we see a big decline this year. The last two days an increase of almost 9% for losses of almost 60% and reached $ 6,619. Ether increased by 18%. We see a 16% increase in Ripple. Total market capitalization of virtual money fell by about $ 190 billion in January to a peak of about $ 835 billion in January. In general, when we look at the total markete, we can see a decrease of 190 billion dollars from 835 billion dollars in January.
The crypto market seems to be in a downward trend . Chris Yoo, executive director of Black Square Capital, said, “This was not unexpected because there was no specific order that was already implemented because it was a blockchain project”.
Prices were worried Monday that the tokens received from the first coin offers that used the Ethereum block chain were wasted for the majority of projects with a decrease in their solitude. In somuch as on the slide, Joseph Lubin, co-founder of Ethereum, said that the fluctuation of the value of digital currencies in the past year was a bubble and that the rising ecosystem is getting stronger with prices falling.
Lubin, who had an interview on television on Tuesday, said, “We were surprised to see a lot of big bubbles before. But then when we look back, they look small. What we see right now is that these bubbles grow well.
Bitcoin also came into view be getting support after launching a $ 6,000 price level for traders and analysts. Because they were using technical analysis. Bitcoin has been tested again this year.