Market Review. Results of the Day. Sale
March 28, 2018
Main cryptocurrencies continued to decline today. Litecoin, Dash, and Bitcoin Cash are the leaders of the fall.
There were the unusually high amount of BCH transactions today.
The price of Bitcoin Cash decreased by %3.7 and reached the support level of $850. The target of the fall in case of breaking down this level is $400.
Ethereum has been declining for the seventh straight day. Over this period, the price of ETH fell by $150, or 25%. This is the fourth wave of sales since the beginning of 2018. The first one lasted only one day and took $300 (23%) from ETH. The second one lasted 6 days ($675, 54%), and the third one lasted sixteen days ($452, 47%).
Bitcoin is trading below the support level of $8,000.
Kakao denied information about the ICO, but announced the launch of own blockchain platform.
The European Securities and Markets Authority (ESMA) issued a statement, announcing it temporary changes leverage limit for cryptocurrency contracts for difference to a ratio of 2:1. Thus, investors have to pay at least 50% of the contract amount initially.
According to a report of a job search engine Indeed.com, the number of search requests on the site that include the words "bitcoin" and "cryptocurrency" had been growing from June to mid-December 2017. The peak values for these queries are 39 and 46 per 1 million searches respectively.
Three months later, the number of requests has declined: the word "bitcoin" appears in searches 76% less frequently, and "cryptocurrency" by 41%.
The social network LinkedIn has joined the number of websites that prohibited crypto ads. Earlier such measures were taken by Google, Yandex, Twitter, Snapchat and Facebook.