The world’s most popular cryptocurrency traded at $8,100, rising above the psychological mark of $8,000. According to analysts, the crypto No.1 will face downward correction this week.
At the time of writing, Bitcoin price declined by 0.54% to $8,164. On most cryptocurrency exchanges, the virtual currency edged down by 0.57% to $8,167. Meanwhile, other cryptos showed mixed trading, with Ethereum falling by 0.49% to $463.6 and Ripple going down by 0.02% to $0.452. Bitcoin Cash rose by 0.04% to $821.88. At the moment, cryptocurrency combined market cap stands at $295.36 billion. Bitcoin accounts for about 47.5% of the total virtual currencies market.
The decision of the US Securities and Exchange Commission on the Winklevoss ETF was among the key events last week. Investors' attention is mainly focused on news about the cryptocurrency market regulation. Thus, Iran is set to launch a national digital currency after banning Bitcoin and other cryptocurrencies.
