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Forex trading. Cryptocurrency forecast for today, July 13, 2021

Ethereum/Bitcoin, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, XRP/USD, cryptocurrency, Forex trading. Cryptocurrency forecast for today, July 13, 2021

The price of Bitcoin fell to the level of $33,300. Ethereum fell to the level of $2040, and the cost of XRP did not change and remained around the value of 63 cents. The total capitalization of the crypto assets market has decreased to $1.37 trillion.

According to the charts provided by the analytical company Glassnode, there have been several positive events for bitcoin in recent days. The balances of miners' wallets are growing again, and the bitcoin hashrate is recovering. According to Glassnode, after a period of intense bitcoin sales in June, mining companies began to accumulate coins on their wallets again in July. This means that now there are fewer coins coming to the market for sale. The volume of bitcoins on wallets controlled by centralized exchanges is also decreasing. This probably indicates a possible decline in sales volumes. According to another Glassnode chart, the hashrate of the main cryptocurrency has begun to recover after a recent significant drop. The decline in the indicator occurred in June, when the Chinese government introduced restrictive measures against local miners, banning them from accessing energy sources. This move by the Chinese authorities forced mining companies to look for new jurisdictions, choosing more friendly regions for business, for example, Kazakhstan, Canada and the United States.

Investment products based on digital assets registered a small outflow of capital totaling $4 million during the last week. Outflows from bitcoin funds amounted to 7 million. Multi-active funds were the most popular and attracted $1.2 million. Investments in them since the beginning of the year account for 16.5% of the total assets under management. Although volumes remain relatively small compared to bitcoin and Ethereum, these data suggest that investors are increasingly looking to diversify their assets into digital currencies. In general, analysts say, the last week was the quietest since October 2020 – the turnover of investment products based on cryptocurrencies amounted to only $1.58 billion.

 

Forex trading. Cryptocurrency signals for today, July 13, 2021

 

The forecast assumes a decline in Bitcoin to the levels of 33000, 33500 and 32000 dollars. Ethereum will decline to the levels of 2000, 1980 and 1950 dollars, and XRP - to the price values of 60, 58 and 56 cents.

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