Here is everything you need to know

10 August, 2018, 23:47 | Author: Regina Silva
  • Here is everything you need to know

To bolster his bullish claims, Lee pointed out that Bitcoin's gradually growing market share is a significant sign of the cryptocurrency's impending return. It's great that XRP is now involved in this as it will also help spread the name of XRP across the Philippines, something that might prove vital for the Ripple team given that in some parts of the world, XRP is becoming more frowned upon by the day. NY time, trading at just under $6,500, according to data from CoinDesk.

There was no stopping sellers as bitcoin cash price declined below the $620 and $600 supports against the US Dollar.

Bitcoin core (BTC) prices at the moment are around $6481 per BTC and the cryptocurrency's market valuation today is $111B. Rather it is in a constant dynamic state of evolution, this is not something to inspire fear within the new investor but rather to aid the new investor with hope, no matter how the markets are now performing, there is one thing that can be held in absolute certainty. It opened the doors for more losses and the price nearly tested the $6,100 support area. Looking ahead at order books, BCH bulls need to surpass mega-resistance from now until $640 and after that, it may be easier to move northbound. The price fell from $7,142.03 to the low of $6,456.10. During the last seven days, has traded flat against the dollar. Bitcoin buyers managed to push the price above the $6,500 level and the 23.6% Fib retracement level of the last decline from the $7,167 high to $6,139 low. We're still gathering data and deciding on our level of support for XRP, ' said Mr. Goltra in a statement. Ether sellers took control and pushed the price below the $370 and $360 levels.

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Altcoins (coins other than Bitcoin) are also well below Friday's closing levels. The next major support below the recent low of $565 is at $550.

However, despite its tepid performance recently, Lee remains hopeful.

Over to Ripple or XRP, Ripple has had a fairly good Thursday as it has managed to get a whole 0.35% more today than previously and has built itself up from this week's trading price of $0.320. EOS price a week ago was $7.30 but it kept declining and now trades at $6.08. Now there is a slight fear that XRP may take a while to push through to $0.360, yet there is little worry of XRP slipping down to lower prices. On the downside, a break below $0.3198 may well clear the path for more losses towards the $0.3000 and $0.2800 support levels.

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