Bitcoin, Ethereum, Ripple, EOS, Litecoin

11 August, 2018, 11:43 | Author: Brooke Harris
  • XRP accepted by Bitcoin Superstore Another mode of payment

First Bitcoin has a market capitalization of $0.00 and $133.00 worth of First Bitcoin was traded on exchanges in the last day. During the last seven days, First Bitcoin has traded 16% lower against the USA dollar. So it tells us that the news we have seen, from the SEC saying that Bitcoin is a commodity, to ICE's announcement and a potential for a (Bitcoin) ETF, are causing investors to decide that Bitcoin is the best house in a tough neighborhood.

Bitcoin price tuned bearish with a nearby underneath $7,260 against the US Dollar.

Bitcoin saw a push up just over $7,100 before the SEC reported the delay in deciding on Bitcoin ETF's.

Bitcoin price declined sharply from the $7,150 swing high after the US SEC chose to postpone one of the ETF approval decisions.

Ether ETHUSD, -0.33% is down 1.7% to $403.44, Bitcoin Cash BCHUSD, -0.71% is trading down 3.1%, at $689.60, Litecoin LTCUSD, -0.91% is down 1.1% at $73.64 and Ripple's XRPXRPUSD, -0.55% is trading 3.5% lower at 42 cents, respectively.

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However, this will depend on the value of bitcoin (BTC) in the near term.

VeChain (VET) traded 3.3% lower against the dollar and now trades at $0.0129 or 0.00000192 BTC.

The pair is likely to resume its downside move once the current correction is complete near $600-610.

In the weekly charts, bitcoin (BTC) has now dropped to the $6200, a key support/resistance level before bitcoin rallied to $8500. This shows that investors are pulling out of the higher risk alternative cryptocurrencies. On the backside, foundational support is bountiful and moving back is going to take some time. The price per one MIOTA stood at Dollars 0.70. Investors seeking to trade First Bitcoin should first buy Bitcoin or Ethereum using an exchange that deals in USA dollars such as GDAX, Gemini or Changelly. The top currency swapped for BCH today is tether (USDT) with 54 percent of today's BCH trades. If it breaks below this price level, Ethereum (ETH) could be headed lower, with $278 as the next target in coming weeks.

In the last 11 days, the cryptocurrency market has seen 10 days of declines. 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. The price per BCH was Dollars 640.38. If bears get their way, the fall to sub-$600 regions will hold decently between $590 through $530 for some time. Below this, the price will most likely revisit the last low at $5,770.



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