CryptoNews | Difficult week for cryptocurrencies

in #cryptocurrency7 years ago

Today ends a week of falls for the cryptoactive market. After  Google's advertising regulations for ICOs and cryptocurrencies  increased, the overall capitalization began to decline until it reached  329 trillion dollars at the time of writing. 

 

In the following graph of CoinMarketCap, you can see in detail the bearish movement of the last week in the whole ecosystem. 

 As for Bitcoin,  the story is similar, the first cryptoactive had a decadent performance  throughout the week, and at the time of writing this article has a value  per unit of 8,428 USD.

After having passed the $  11,000 mark in previous weeks, many investors thought that it would be  time for BTC to start climbing new brands, but as we have repeatedly  said, the ecosystem is susceptible to many factors, and one of them is  the regulation. 

 With Ethereum,  Ripple, Dash and Bitcoin Cash the same thing has happened, when  regulations cover all cryptocurrencies equally, as was the case with  Google, the entire market is affected. Next we have a table of CoinMarketCap of the movements of the first 10 assets in the last 24 hours. 

 Under this  general graph of daily volume we can see that there are different  behaviors between each digital currency, but if the detailed graphs of  each asset are reviewed during the last 7 days, the result concludes in a  general decrease.

You can see all these movements in detail on the official site of CoinMarketCap.

The  issue with the regulations is that they affect investor confidence in  each asset, and this is the main support of the cryptocurrency ecosystem  since there is no centralized entity in charge of everything. When  massive sales are generated, the value of each asset falls, and the  reason for these nervous sales is simply fear of losing money. 

 

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For future viewers: price of bitcoin at the moment of posting is 7987.10USD

¡@moiseslink! Muy bueno el contenido, sigue asi!

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