A day earlier, James Dimon, Chairman of the Board at JPMorgan Chase, sharply criticized a bitcoin and other cryptocurrencies. Dimon described a bitcoin as fraud. Our portal has covered this event in detail.
Coinmarketcap.com reported that criticism had caused a sharp drop in quotations of the cryptocurrency bitcoin. The capitalization of the bitcoin fell by $ 18.5 billion during the trade on Wednesday. The minimum point during yesterday’s trading session was $ 3,772 per bitcoin.
Negative statements have affected not only the bitcoin, but also other cryptocurrencies. Yesterday, Ether (Ethereum), for example, fell in price to the level of 260 US dollars (by 11%). That means that the capitalization of this cryptocurrency decreased by 11 billion US dollars.
A famous investor Mohamed El-Erian predicted that cryptocurrencies wouldl lose up to half the cost.
The authoritative portal MarketWatch wrote that the tightening the regulation in the PRC would also play a role in the fall of the market.
Experts in general agree that this moment is critical for the market of cryptocurrencies. Either bitcoin or other cryptocurrencies will finally take hold in the market or fall off the face of the earth.
We expect a further decline in the rate of the bitcoin and other cryptocurrencies. Then, they should win it back.
The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade