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The expert explained why bitcoin is getting cheaper




MOSCOW, 20 Jan – PRIME. A minor correction in bitcoin may be associated with critical comments on cryptocurrencies from the candidate for the post of the head of the US Treasury Janet Yellen, Binance director in Russia Gleb Kostarev told RIA Novosti. However, investors are still positive about the long-term prospects of bitcoin, the expert added. The cost of Ethereum has updated its all-time maximum On Wednesday, bitcoin is trading at $ 35,469, having fallen by about 2.64% over the past day, Kostarev said. According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, as of 11.30 Moscow time, the cost of bitcoin falls by 2.47%, to $ 35,748. On the Binance exchange, Bitcoin is depreciating by 4.12%, to $ 35,748. Bitcoin accounts for 68.3% of the total global cryptocurrency market. “Analysts in many ways associate a small correction in Bitcoin and the market in general with critical comments about cryptocurrencies from the candidate for the post of the head of the US Treasury Janet Yellen,” the specialist said. However, according to the expert, institutional investors are still optimistic about Bitcoin’s long-term prospects. “Vailshire Capital Management and PlanB have given new positive forecasts for the future price of the historic coin,” he explained.

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