Recall that on Friday, February 16, it was possible to gain on average $10,000 for one bitcoin. For the first time, BTC overcame the $11,000 mark at the end of November last year.
At the auction, the maximum price of Bitcoin was $11,042, then dropped to a mark around $ 10,800. According to CoinMarketCap, now the currency is traded an average of $11,000 dollars per coin. Thus, within a day, bitcoin increased by 4.71%. Capitalization of the digital currency market has also grown and is 186 billion dollars.
Executive Director of the Bitcoin Foundation predicts that the value of the digital currency can reach $40,000, and altcoins, respectively, will lose in value.
The head of Bitcoin Foundation believes that the crypto-currency market will be subject to high volatility during 3-6 months. Then the cost of BTC in the fourth quarter of 2018 will start to increase dramatically.
In addition to the most popular crypto-currency, others are becoming more expensive either. So, within the previous week Litecoin has become more expensive by a third. The cost of Ethereum increased by 26%, and VeChain - by 24%. At the same time, some of the crypto-currencies have noticeably fallen in price: Bitcoin Gold has fallen in price by 18%, NEM - by 15%.
Experts believe that the recent collapse of BTC is connected with the decisions of major world banks that restrict access to the purchase of digital currency.
