Popular cryptocurrencies look uncertain due to the difficult situation in the financial markets

By Stormgain | Stormgain | 12 Aug 2020


The most popular cryptocurrencies are going down quite actively on Wednesday, which is associated with a rather nervous situation in the global financial markets. According to the StormGain cryptocurrency trading platform, the fall rates for individual instruments reach 8%.
At the same time, a number of positive news appeared on the market, which, however, were ignored by investors. In particular, the New York State Financial Services Authority has compiled and published a list of cryptocurrencies that licensed companies are allowed to work with. This list includes, among others, Bitcoin, Ethereum, Bitcoin Cash and several others.
Another good piece of news would be that in South Korea, beachgoers in Busan can now pay with Ethereum at all shops along the waterfront.
Despite the positive news, it is likely that the most popular digital currencies will continue to look uncertain in the near future. In this scenario, Bitcoin can fall in price to $11,200, Ethereum to $370, Bitcoin Cash to $275, XRP to $0.27, and Litecoin to $52.

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Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.


Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets. Available on any device, StormGain allows you to start trading the most popular and most capitalised coins with a multiplier of up to 200x, or you can just buy and hodl crypto.

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