Crypto market remains in the “red zone”, however, experts think that bitcoin is gradually improving its positions
The market of popular crypto currencies is still in the “red zone”
During the last day the price of bitcoin was gradually growing. However, the crypto coin, as well as the other top-10 tokens, has not yet left the “red zone” of the market. According to Coinmarketcap, at 15:00 CET, the first crypto coin’s price was $9,690.
Market players have different opinions in this regard. Some insist that they hope for the prospect of BTC growth. Others say that there are no drivers for growing in price yet, and the price fluctuations are strictly speculative in nature.
During the last 24 hours, Ethereum dropped more than by 6%, having reached $197. Litecoin has demonstrated the most dramatic drop (-9.23%), having fallen down to $66.
Opinion: BTC is now more stable than a year ago
Alex Krüger, the famous cryptocurrency trader, expressed an opinion that currently the position of the first cryptocurrency is much more stable than it was in 2018. Then, the average trading BTC rate was at the level of $6,400, and this year the crypto coin has managed to get over the $10,000 mark.
The crypto enthusiast believes that the BTC rate growth signals the average increase of crypto coin’s popularity. The gradual adoption of bitcoin is also indicated by the fact that 25 thousand retailers in France, for instance, the Sephora network, plan to accept the first cryptocurrency. It is scheduled to happen already in the beginning of the following year.