At press time Bitcoin trading at 8,1 thousand USD and the experts are expecting correction this week due to trading results.

According to CoinMarketCap evaluation of over 20 exchanges, at 9.25am Bitcoin went down 0,54%, and reached 8,164 thousand USD. The major cryptocurrency exchange Binance showed the decrease of 0,57%, and reached 8,167 thousand USD.

Other cryptocurrencies haven’t showed similar results: Ethereum went down 0,49%, and trading at $463,6, XPR — down 0,02%, and trading at $0,452, Bitcoin Cash — went up 0,04%, and trading at $821,88. CoinMarketCap reports that cryptocurrency market capitalization is $295,36 billion at press time. Bitcoin volume is 47,5% of the market.

Bitcoin price hit $8 thousand for the first time since May 23. Cryptocurrency market experts believe that Bitcoin price will be corrected and go down. The main news of this week is the US Securities and Exchange Commission rejection of the Winklevoss twins second application for Bitcoin ETF.

Investors are also impacted by news on cryptocurrency regulation. Iran is planning to launch its official cryptocurrency, Mehr agency reports with the reference to the Secretary of Iran’s Supreme Council of Cyber Abolhassan Firouzabadi. Earlier, the Central Bank of Iran prohibited the use of Bitcoin and any other cryptocurrency in the country.