Bitcoin Rate Is Dropping: The Market Sees Correction

On February, 25th, 2019, Bitcoin rate decreases, moving away from the key level of $4000.

The total crypto currency market capitalization dropped to the level of $130,790 billion. Bitcoin capitalization decreased to $68,068 billion.

On Sunday, February, 24th, BTC/USD rate is at the level of $3834. Bitcoin lost $100 in comparison with the previous day.

The crypto market sees correction, Bitcoin rate moved away to $3800 from $4000. The altcoins also dropped.
Meanwhile, there’s a race in stablecoin market. Japanese baking holding Mizuho Financial Group (MHFG) decided to launch its own token – J-Coin, together with a mobile all for payment making.

However, the analysts already have to solve the stablecoin problem: they need to understand whether such a number of stablecoins will hinder the market or not. It is expected that only some of them will survive through severe competition. The same happened to mobile OS.