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Floor found? The price of the bitcoin rises when the sell-off slows down

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Bitcoin has recovered some of its losses in the last couple of hours, adding around $ 300 to the price of a bitcoin and bringing it to $ 4,700. after 36 hours of sales that canceled billions from the cryptocurrency market.

Bitcoin bearish sales began last week due to concerns around a so-called hard in the bitcoin cash network, in turn a bitcoin fork, has attracted the market between the threats to the sector by the two warring factions of bitcoin.

The bitcoin market collapsed yesterday, while investors drew up reports that some trades were altering futures contracts amid the battle for the bitcoin money network.

The price of the bitcoin is in free fall from the beginning of yesterday morning. (Photo illustration of Chesnot / Getty Images)Getty

Bitcoin yesterday crashed below $ 5,000 for the first time this year, down 25% in two days, & nbsp;fueling the fears, the cryptocurrency market is heading for collapse. Bitcoin today dropped briefly to $ 4,237, according to the Luxembourg-based Bitstamp exchange, before rising to over $ 4,700 in the last couple of hours. & Nbsp;

Bitcoin's market capitalization has now fallen to $ 82 billion, from over $ 110 billion just two weeks ago. & Nbsp;

Other important currencies, including Ripple's XRP and Ethereum's ether, the second and third largest, have also rebounded by some 15% losses. in the last 24 hours.

High profits and investors of bitcoin and cryptocurrency have now come out in defense of the sector, appealing to potential sellers in a panic not to leave the market, indicating the turbulent past bitcoin and repeated recoveries.

"I've been through a lot of times … Secret of success, keep your head down and build" said the great and respected founder and chief executive of Binance, the biggest bitcoin exchange in the world by volume, Changpeng Zhao (who at the beginning of this month predicted a bitcoin bull run), via Twitter. & nbsp;

The sudden volatility of the bitcoin market has surprised many months after months of relative stability in the encrypted market. This has prompted some analysts to warn that the lack of an important market movement from the beginning of September would probably be the "calm before the storm."

"This is not the first time bitcoin has seen the calm waters, we have witnessed similar periods of modest volatility and humble price fluctuations," Albright & nbsp; the founder of the investment group Victor Dergunov & nbsp; he wrote in a blog post just last week.

The price of bitcoin seems to have stabilized after a massive sale.CoinDesk

John McAfee, a cyber security pioneer who became an enthusiast of cryptocurrency, said: "People panicked, but there is no need … we are in a bear market … I have 73 I've seen dozens of times in many markets, bear markets are like winter, and it's always followed by a glorious spring. "

The loyal bitcoins and cryptocurrencies are now looking towards the Bakkt trading platform supported by the ICE in December as well as the (much less likely) US Securities and Exchange Commission on a fund traded with bitcoins.

Somewhere else, stellar has exceeded the bitcoin cash as the fourth largest cryptocurrency & nbsp; by market capitalization today, after bitcoin liquidity has lost more than half of its value in the last week following its civil war after weeks of earnings.

Bitcoin cash prices led to a decline in the first 10 cryptocurrencies.CoinMarketCap

As the broader bitcoin and cryptocurrency market falls, some are still buying the decline, according to eToro's senior market analyst trading platform, Mati Greenspan, who said: "With all the prices falling lately, this definitely fits the definition of a buyer's market. "

"Only a few weeks ago the cryptographers were worried about the lack of volatility in the encrypted market," said founder and CEO of deVere Financial Advisory Group, Nigel Green. "Now volatility is back and many experienced investors will use it as an important buying opportunity, perhaps the latest in 2018. More experienced investors understand that digital currencies are the future of money and, as such, , they will capitalize the lowest prices in to build their portfolios and shore up their positions. "

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Bitcoin has recovered some of its losses in the last couple of hours, adding about $ 300 to the price of a bitcoin and bringing it to $ 4,700 after 36 hours of sales that have canceled billions from the cryptocurrency market.

The sell-off of bitcoin prices began last week while fears around a so-called hard in the bitcoin cash network, in turn a bitcoin fork, have attracted the market between the threats to the sector by the two factions in bitcoin war.

The bitcoin market collapsed yesterday, while investors drew up reports that some trades were altering futures contracts amid the battle for the bitcoin money network.

The price of the bitcoin is in free fall from the beginning of yesterday morning. (Photo illustration of Chesnot / Getty Images)Getty

Bitcoin yesterday crashed below $ 5,000 for the first time this year, down 25% in two days, fueling the fears, the cryptocurrency market is heading for collapse. Bitcoin today dropped briefly to $ 4,237, according to the Luxembourg-based Bitstamp exchange, before rising to over $ 4,700 in the last couple of hours.

Bitcoin's market capitalization has now fallen to $ 82 billion, from over $ 110 billion just two weeks ago.

Other important currencies, including Ripple's XRP and Ethereum's ether, the second and third largest, have also rebounded by some 15% losses. in the last 24 hours.

High profits and investors of bitcoin and cryptocurrency have now come out in defense of the sector, appealing to potential sellers in a panic not to leave the market, indicating the turbulent past bitcoin and repeated recoveries.

"You've been through this secret so many times … Successful Secret – Keep your head down and build," said Binance's respected founder and chief executive, the world's biggest bitcoin exchange by volume, Changpeng Zhao (who ; beginning this month foresaw a bitcoin bull run), via Twitter.

The sudden volatility of the bitcoin market took by surprise many months after a relative stability in the encrypted market. This had led some analysts to warn that the lack of an important market movement from the beginning of September would probably be the "calm before the storm".

"This is not the first time the bitcoin has seen calm waters, we have seen similar periods of modest volatility and humble price fluctuations," wrote Albright Investment Group founder Victor Dergunov in a blog post just last week.

The price of bitcoin seems to have stabilized after a massive sale.CoinDesk

John McAfee, a cyber security pioneer, turned the enthusiast of the cryptocurrency, said: "People have been panicking, but there is … we need … we are in a bear market … I am 73 years old and have seen this dozen times in many markets Bear markets are like winter and are always followed by a glorious spring. "

The loyal bitcoins and cryptocurrencies are now looking towards the Bakkt trading platform supported by the ICE in December as well as the (much less likely) US Securities and Exchange Commission on a publicly traded bitcoin fund.

Elsewhere, stellar outperformed the bitcoin cash as the fourth largest cryptocurrency by market capitalization today, after bitcoin liquidity lost more than half its value in the last week following its civil war after weeks of earnings.

Bitcoin cash prices led to a decline in the first 10 cryptocurrencies.CoinMarketCap

With the fall in the bitcoin market and larger cryptocurrencies, some are still buying the decline, according to eToro senior market analyst Mati Greenspan, who said: "With all the prices down lately, this certainly fits the definition of a buyer's market ".

"Only a few weeks ago the cryptographers were worried about the lack of volatility in the encrypted market," said the founder and CEO of deVere Financial Advisory Group, Nigel Green. "Now volatility is back and many experienced investors will use it as a great buying opportunity, perhaps the latest in 2018. More experienced investors understand that digital currencies are the future of money and, as such, they will capitalize on lower prices to build their portfolios and shore up their positions ".

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