Bitcoin Price Analysis on August 30: the Decrease continues

Bitcoin Price Analysis and Market Trends

The Bitcoin exchange rate fell to the level of $ 9,320, having failed to break through it the first time, returned to the zone of $ 9,500, where it now traded. Buyers so far have weak power, because they could not push the price even to $ 9,800. Considering the end of an active trading week and the above reasons, the probability of a breakdown of $ 9,000 is high.

The altcoin market behaved much calmer, the ratio of rising and falling coins is approximately 40/60. Although the total capitalization has decreased by 4 billion, we must consider that 3.5 of them accounted for the capitalization of Bitcoin.

Altcoin Market Performance and Analytics

The Egretia showed phenomenal growth yesterday, which grew by 44.5%! The coins that showed the second result are significantly behind: Lambda (14.1%) and Nash Exchange Token (9.7%).

The leader in the fall in the top 100 was Aurora, which fell 17% and dropped to 66 lines in terms of capitalization.

Yesterday, the Neironix analytics department released an article that compared the trading structure of European and Asian exchanges and revealed interesting trends. Read if you want to know why Asian exchanges are much more popular than European ones.