The dominance of Bitcoin has further increased

In the past 24 hours, the bitcoin dominance index has reached its highest level since last December. Since altcoins have fallen significantly in recent days, this index has gone from 51% to 55%.

The total market capitalization of cryptocurrencies is still more than $ 200 trillion, but the price of bitcoin and altcoins continues to fall. For the moment, the price of bitcoin is 6425 dollars with a low level of support.

According to CCN, Goldman Sachs, one of the largest US investment banks, has postponed the creation of the bitcoin trading platform for an indefinite period. "Clearly, Goldman Sachs's statement did not affect the price of the BTC, but such an announcement may seem negative for the cryptocurrency sector," the report said.

An hour after the report, Martin Chavez, chief financial officer of Goldman Sachs, officially denied that the bank abandoned the idea of ​​a cryptocurrency platform, calling the reports false news.

"I think it's great that they write about it, but at the same time, I never thought it would be true," Chavez told the TechCrunch conference.
If the information about Goldman Sachs was the reason why the price of bitcoin went from $ 7,400 to $ 6,400, the rebuttal of this information should lead to price recovery. But so far nothing of the spell is happening.

Another thing is interesting: who and why launched the platform?

What is waiting for bitcoin?

If Bitcoin fails to break the $ 7,000 mark again, it was in April. , June and August. The decline in growth will be necessary for the future.

Due to low trade volumes and Tether's growing business (USDT), tokens and small-cap crypto-currencies will fall relative to bitcoin and the dollar. There will be a natural selection when the strongest survive.