As we can see, before the New Year holidays, the situation on the cryptocurrency, as in many other financial markets, has stabilized. The price of Bitcoin on various exchanges already ranges from 3,800 to 3,900 dollars.
Speaking about the nearest price prospects of “cryptocurrency gold”, it is necessary to take into account that the activity on the market, due to the weekend, will decrease. Beyond these limits next week. Most likely, the situation will repeat, when the price is stuck between the levels of seven and six thousand, before gaining strength for rapid movement.
It is worth noting that the current price of bitcoin does not cover the average cost of mining a single coin. It should be noted that if the price does not rise to at least 5500, many miners would begin to refuse to mine BTC, which should be reflected in the complexity of mining. Then, the remaining mining companies will be able to extract more benefits for themselves.
At the same time, the total market capitalization increased to 130 billion. The first three cryptocurrency ratings remain unchanged, while Bitcoin Cache and EOS, respectively, took the 4th and 5th places in terms of capitalization. On average, after the recent rally down, digital asset prices have gradually strengthened and are moving away from recent minimum values.