Why Altcoins Down & Bitcoin Price High ?

Today 13 Aug-17, Let's have look at the price of bitcoin on Bittrex is started from 24 hr low price $ 3646.10 and 24 hr high volume is $ 4115.00 and the last price $ 4020.00. If we look at the Poloniex exchange BTC/USDT 24 hr low price $ 3650.00 and 24 hr high price 4252.84 and the last price 4037.64, exchange. more if we look the Current price on Coinmarketcap is $ 4,071 In past 48 hours the approximate growth in Bitcoin is 13.11 % its all time high so much fluctuation in crypto-exchange market.

Image Credit: Cryptohustle.com

*Below Image Courtesy: Bittrex

Image Courtesy: Poloniex

Around $ 600 price low and high today 13 Aug. The target of bitcoin after activation of Segwit 2X is already achieved. here we look in Bittrex the altcoins, maximum coin price fall down. almost 80% to 85% altcoin goes down,those coin which are pump up such as NEO & SAFEX. The both coin still in growth NEO 3.6% and SAFEX 7.2% but the majority of coins dump.

The majority of trader did day trading and its highly risk. They put some investment in any coin which pump-up their objective are short-term. Those who are long term investor must consider DGB, BAT, SIA, ETH, LTH XRP.

So, those who are long term investor, Just stay calm once the bitcoin stable at particular price or you may say Bracket of $ 4,050 to $ 4,150. The altcoin prices will rise up again. I hope this analysis will be helpful for Trader or Investors. But at the end of November the bitcoin price will reached to $ 5,000.


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