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The past week at the cryptomarket can be described as a week of correction.

After the annual maximum at the point of 8390.95 USD, set on May 16, 2019, the price of BTC went into a correction. The level of support from which the pair began to gradually recover, at all the exchanges was approximately the same - this is an area of seven thousand dollars.

However, on Bitstamp the minimum point was fixed at 6178.00 USD. This was the cause of the investigations that took place this week. The possibilities of manipulation on the exchange, which has a license of the Regulator and strictly adheres to the requirements of identifying its customers (KYC), have been studied. The SEC's announcement of the postponement of the consideration of ETF applications could potentially strengthen bearish sentiment in the market. But market participants assumed that the SEC would again postpone the deadline for the adoption of the ETF, so the market almost did not respond to a negative fundamental event. Price dynamics and indicators looked quite optimistic and talked about the possibility of continued growth. However, a pullback to the minimum of 7468.31 USD has slightly cooled the ardor of traders who believed to make money by continuing growth from the level of average prices. By the end of the week, trading volumes began to gradually increase. Binance, the largest stock exchange, talked about the congestion of its trading platform and spoke about the problems that had arisen due to the high market activity. On the Bitfinex exchange, the number of long positions exceeds the number of short ones - most market participants expect continued growth.

The week also turned out to be rich in judgments regarding the future of Bitcoin and the crypto market in general. One of the founders of the popular crypto exchange Gemini Cameron Winklevoss said that investing in bitcoins might seem crazy, but even more unwise is to stand aside. The rating agency Weiss Ratings published an article whose author, analyst Juan Vellaverde, believes that now is the best time to buy Bitcoin and other digital currencies. The famous TV presenter Max Kaiser is sure that Bitcoin is currently the best form of capital preservation.

According to the head of Galaxy Digital Mike Novogratz, the rise in price of altcoins will be less noticeable than the rally of the largest cryptocurrency. The businessman noted that the recent breakthrough of the Altcoins by 40% was short-term and could not compete with the bitcoin growth rate, which is the undisputed market leader. If cryptocurrencies had appeared in 1994, then the entire available capital of the country would have been withdrawn to offshore, the first deputy chairman for economic policy, industry, innovative development and entrepreneurship of the State Duma Nikolay Arefyev is sure. At the press conference of NSN, Russian Internet ombudsman Dmitry Marinichev said that each person will have his own altcoin in the future.

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