Bitcoin falls by 26% in last four days

Baku. 9 March. REPORT.AZ/ After announcing the need to regulate the crypto-currency market by US and Japanese Central Banks, bitcoin has dropped by $ 3,000 (26%) to $ 8,600 over the last four days.

Report informs citing the foreign media, in addition to bitcoin, price of other crypto-currencies also dropped.

As a result, capitalization of digital currency market dropped to $ 340 billion. Notably, the minimum level of investment in crypto-currency market was recorded on February 6 ($ 277 billion), and the maximum limit was recorded on January 8, 2018 ($ 830 billion).

Analytical Group of Report News Agency believes, leading country leaders will make disclosures on the regulation of the crypto-currency market at G20 Summit, but concrete steps will not be taken in this regard. This can lead to the fact that there will be rise in crypto currency market again. Thus, market volume can reach $ 700 bln before the summer months and $ 1 trillion by the year-end. Market adjustment is expected to start in 2019. Starting from the next week, the crypto-currency market is expected to grow again.