The exchange rate of bitcoin continues to fall by 0.7%. Market analysis for October 19

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Bitria “news” the bitcoin exchange Rate continues to fall by 0.7%. Market analysis for October 19

The last day of the cryptocurrency market capitalization fell by $3 billion and now is $208, and the bitcoin exchange rate fell by 0.7% and the cost is $6,490. The rest of the cryptocurrency market also captures the losses in the range of 0.6 to 2.4%.

BTC/USD extends sideways consolidation. The spike observed at the beginning of this week – mostly because of the collapse of Tether, is evaded in the absence of adequate bullish, stopped about $6,550.

There are still some bullish fundamentals that can nurture the value of bitcoin in the long term. The authority for the financial conduct of the United Kingdom is planning to develop a specific policy in the field of cryptocurrencies in the next year. This can be useful for institutional investors that are waiting to exit the stock market when there is legal protection.

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