Compared to the historic high of late 2017 ($ 19,783), Bitcoin has fallen by around 65%, but analysts believe that bitcoin and emerging markets have some degree of connection, estimated at the end of 2018. The price is expected to be $ 25,000. to be.
Data from CoinDesk showed that Bitcoin fell 0.66% on Sunday (26th) to 6687.81 US in Taipei, Ethancoin fell 1.07% to US $ 276.65, Litecoin fell 1.08% to US $ 57, 33; 0.66% to $ 0.33.
According to CNBC, Tom Lee, co-founder of Fundstrat Global Advisors, who looks at multi-bitcoin, said that stocks from emerging markets and bitcoin both have risen and have recently declined. "Before the emerging markets have changed significantly, the link between the two Sex will continue to exist."
Since 2018, the "iShares MSCI Emerging Markets ETF", which follows emerging stock markets, has declined by around 8%, while Bitcoin has fallen by around 65% since the end of 2017.
The US Securities and Exchange Commission (SEC) last Friday rejected the 9 bit Bitcoin ETF issue and the bitcoin prices have dropped.
But Tom Lee is optimistic that bitcoin is expected to rebound strongly as the dollar weakens and the Fed slows the rate of interest rate hikes. Before the end of the year the price will be $ 25,000.
Tom Lee said: "Bitcoin prices will rise, I still think this is possible."