The Bitcoin price is falling – What is going on in the crypto market?

the The price of Bitcoin drops. While the crypto-currency no 1 still holds relatively wacker, it hits the Altcoin market is much harder. So Ethereum (ETH), Ripple (XRP), Litecoin (LTC), as well as Stellar lumen must withstand significantly greater losses.

By Phillip Horch
11. April 2019BTC$5.043,00 -3.57%part Facebook Twitter LinkedIn xing mail

The price of Bitcoin drops. As Bitcoin is the since the 2. April followed the upward trend of favor and is currently testing an important support line. If the price bounces off the Support at 4.998, $ 25, and the sliding average of the last 140 hours at 5.177 US Dollar remains, is saved the existing upward movement. The next target would be at 5.299,21 US dollars. A fall under 4,697 thousand,26 U.S. Dollar may result in contrast to large Sales and the rate falls to approximately to 4,200 US dollars.

Not only is the Bitcoin exchange rate, Altcoins, such as Ether, to sink

Accordingly, it is also true of the Ether-course with nearly nine percent loss in the last 24 hours. He is currently trading at 164 US dollars with a market capitalization of close to 17.3 billion US dollars and is thus, as before, in front of Ripples XRP.

Ripple price (XRP) must be absorbing losses

After a strong increase between the 2. and 3. April, and a Dip of up to 5. April stopped moving, the Ripple rate in the first line sideways. This sideways movement has now been broken, together with a majority of crypto-currencies to the bottom. Currently XRP is fighting against through the above mentioned Dip of the described Support at $ 0.33. The course should fall under these, it is assumed that a further Fall of the rate to 0.32 U.S. dollars. In the case of Bouncing, the price needs to surpass the Resistance at $ 0.35 to rise at least back to the level of that plateau.

Litecoin price is moving South

As the birds when it is cooler is Also the Litecoin price is moving currently towards the South. Within the last 24 hours, the Litecoin price fell 11 percent and is currently at 87 US dollars.

Stellar course loses on travel

Also, the Stellar rate is currently losing momentum. So the lumen-Token had to lose within the last 24 hours, 9.4 percent. So he is currently at 0.11 US Dollar.

How to classify the case of the Bitcoin price?

again, the price of Bitcoin fails in comparison, wacker. Still, he keeps the $ 5000 mark, even with a loss of just under four percent is not advisable to make a premature Overreaction. There is No panic once again! Because of the fundamental values of Bitcoin has changed a little – as a store of Value, the crypto currency will have long-term success.

Thus came about, as we currently report on Bitcoin and other crypto way currencies at the current summit of the International monetary Fund is relatively good. The General Sentiment in the market is generally positive.

As it stands, we have to do it here with a consolidation, with some investors wanted the profits home. Finally, the price of Bitcoin scratched yesterday in the short term, the 5.400-US-Dollar-brand.

Also, the fact that the whole market follows the same dynamics, is still not news, rather, it is a relatively normal operations in the Bitcoin Ecosystem.

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