The price of BTC on the eve fell to $ 9,600, along with the collapse of the flagship cryptocurrency, the altcoins from the TOP-50 in terms of market capitalization also began to decrease. Only ICON altcoin showed growth of more than 24% – now it is trading at a price of $ 0.24.
Experts have different opinions on the future of BTC. Skeptics believe that the cost of BTC will drop to $ 8,500 or $ 7,500. Another category of analysts expects the cryptocurrency to be able to consolidate at around $ 10,000, after which it can finally recover from losses and take on new heights. Optimists believe that by the end of this year, Bitcoin will be able to achieve or even surpass the indicators that were characteristic of BTC at the end of 2017, that is, we are talking about $ 20,000. The crypto community also knows analysts who believe that the course will rise in two or three years to $ 100,000.
As already noted, the altcoin market also showed losses. Well-known analyst Peter Brandt, who predicted an increase in the BTC rate to $ 100,000, said on his Twitter blog the day before that the XRP rate could collapse to $ 0.02. In addition, the trader said that Ripple began to manipulate its coin as soon as it announced the launch.
Will Ripple be able to manipulate the market to keep $ XRP above .2400? A serious breakdown at this level, and .020725 is in the cards. pic.twitter.com/QAyfMcwaZd
Peter Brandt (@PeterLBrandt) August 14, 2019
Crypto analyst Tony Weiss, meanwhile, draws attention to the fact that a new lawsuit has been filed against Ripple – according to current US law, XRPs can be recognized as securities, and this could become a trigger for a further collapse of altcoin. The exchange rate of altcoins EOS, Ethereum, TRON, Bitcoin Cash has decreased by more than 10% over the past day.
