After falling cryptocurrencies can also quickly recover

After a sufficiently promising growth, which demonstrated Bitcoin, the cryptocurrency market, apparently, the pressure of the bears again falls. Investors, in search of the causes of what is happening, «TRANSULATED» on the situation, the most different options, but one of the main was the explanation of the current situation from the position of a negative reaction to Gemini refusal from the SEC.

However, despite the truly negative reaction of the market on what is happening, it is impossible not to note its rapid recovery. Accordingly, the refusal has become only one of the components of the overall position.

Other analysts tend to the fact that the new wave of Bitcoin correction is no more than the next correction, which is the necessary element that complements the previous growth. If you pay attention to the schedule, you can see the decline in price fluctuations: the biggest wave arose after PAMPA at the end of 2017, after it was another, associated with the ban on cryptocurrency and ICO advertising.

After the crypto community, the results of the work of the regulators of different countries saw, but the current wave is likely to be no more than a consequence of users’ attempts to fix profits after long-awaited growth. The logical development of events will be another departure to minima with subsequent restoration.

It is not yet to expect a strong fall — investors expect CBoe solutions for Bitcoin ETF, which will be released on August 10. Seeing growth prospects, most will not sell their coins.

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