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“Black Friday” for cryptocurrency: Bitcoin exchange rate fell below $ 4000

The most popular cryptocurrency in the world, Bitcoin, continues to systematically fall in price. The rate of Bitcoin fell to the level of $ 3,500. It turns out that in just a week the course fell by $ 2 thousand.

A similar level of the Bitcoin rate was in August 2017, and just three months later it rose to a record $ 17.5 thousand. Since then, the cryptocurrency gradually decreases in price, although sometimes there are sharp jumps and stable periods.

In general, 2017 was the most significant year for the cryptocurrency market. For this year, Bitcoin began to grow at a record pace, although before that 10 years had hardly risen above a thousand dollars. This provoked the popularity of cryptocurrency, blockchain technology and mining, which directly affected, for example, the shortage of the market for video cards and other components.

Analyst: Bitcoin will rise to $ 22 thousand by the end of the year

Well-known analyst and co-founder of the analytical agency Fundstat Tom Lee (Tom Lee) outlined the forecast for the growth of the Bitcoin exchange rate to 22 thousand dollars by the end of the year. In his opinion, the leader of the cryptocurrency market should cost at least twice the cost of mining per unit.

om said that now, to earn one Bitcoin, you need to spend about $ 7,000, while the Bitcoin rate is now at $ 6,600. By the end of the year, according to the analyst, Bitcoin mining will become more complicated and the process will rise in price to 9 thousand dollars. From this he was repelled in the forecast of the Bitcoin exchange rate up to 22 thousand dollars, so that the difference in price and production costs would be at least two times.

Also, the analyst added that now Bitcoin has reached the lowest point and will not fall below. In April 2018, Tom Lee was more optimistic about Bitcoin – he predicted a rate of 25 thousand dollars at the end of the year. After a new interview with CNBC , in which he lowered the forecast to 22 thousand, he stated that he simply made a reservation and still believes in Bitcoin at 25 thousand dollars.

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