The price of Bitcoin underwent a significant drop on Tuesday after maintaining some stability in the previous day, in a trend that carries with it part of the prices of the main cryptoactive by its market capitalization.
The main cryptomoneda, which maintains its dominance position with a weight of 48.4% over the rest of the crypto currencies, fell below $ 2,500 after contracting by 6% and was located in the afternoon of $ 2,493.48 per unit , To then recover slightly to $ 2,558 as observed at the time of writing through the Coinmarketcap service.
Meanwhile, its estimated value is $ 42.13 billion after accumulating transactions with a volume equivalent to $ 1,436.62 million in the last 24 hours, mainly made through the Bitfinex, Poloniex and Bithumb exchange houses.
The decline seems to mark the tone of the day in the market, and causes several of the signs of greater weight and follow-up. It is the case of Ethereum, with a drop of more than 10% that made it lose the floor of the $ 100 to $ 199 and experiencing a rise of $ 202 at the moment, Ripple with a decrease of similar magnitude up to 17 cents and Litecoin , With a drop of 6.09% to $ 41.85 per unit.
The rest of the main cryptoactives of the ranking by capitalization also behaves in decline, as do most of the market.
The downgrade of Bitcoin may be caused to some extent by the initiative Bitcoin Cash, proposed a new criptomoneda resulting from the hard bifurcation of Bitcoin that is making noise in the last days, despite the great acceptance and consensus around segwit as a solution for The scalability of the blockchain.
This proposal has not yet been accepted by major bureaux de change, although it is already possible to acquire positions in the new asset using Chinese Yuan, so their levels of adoption may vary in the short term.
The fall also seems to be related to the departure of some services identified in English as tumblers or mixers. Its usefulness lies in dividing in different fractions the blocks used to specify an operation so that the funds of different users are mixed together and increases the anonymity in the resulting transaction. BitMixer, one of the major players in this area, recently announced its sudden closure.
Every coin has up and down period, but most of them won't fall, especially Bitcoin has no rival at the moment, they try to make Etoro as a rival, but it still in it's beginning, and I don't think that it would live so long, because many some people complained that it they were exposed to rascality