Bitcoin Price Falls as Altcoins Push Ahead
The bitcoin price has undergone another drop. Hovering at around $658 at press time, this is a fall of about $8 since our previous price piece. Altcoins Forge Ahead as Bitcoin Price Pulls Back. In our last discussion, the notion that ether was harming bitcoin’s ongoing rise was explained. That particular argument still stands; the most recent news is that Coinbase, primarily a bitcoin exchange up to this point, has now added Ethereum to the mix, and will offer ether-based services to its customers. A Coinbase representative explained: “Ethereum is pushing the digital currency ecosystem....
Related News
Over the past seven days, eight of the top ten altcoins have decreased in price. Six of these, including the litecoin price, the Dogecoin price, and theDarkcoin price have fallen by more than 10%. CCN examines this altcoin price decline. Also read: Litecoin Price Fails to Recover From Bitcoin Price Panic. Litecoin Price Falls 11%. Litecoin investors may have thought the recent revelation of a security vulnerability within the Ripple protocol would have enabled Litecoin to reclaim the second spot on the market cap charts. However, the litecoin price has been in decline as well, falling 11%....
Many investors flipped bullish on Bitcoin relative to altcoins over the past few days. This culminated on Monday when BTC gained 3% while the price of top altcoins dropped by 1-10%. Analysts think this trend may continue for the forseeable future. Bitcoin Could Outperform Altcoins in the Months Ahead Many investors flipped bullish on Bitcoin relative to altcoins over the past few days as the leading cryptocurrency has begun to outpace its offspring. This culminated […]
Avalanche price action has remained bearish on the chart at the time of writing. AVAX has maintained the price above its support line of $22. Right after the coin surged and revisited the $24 mark, it started to retrace on its chart. This is a price correction as Avalanche price showed appreciation over the last two weeks. At the moment Avalanche is witnessing a profit booking which has caused buying strength to fade away over the last few days. Incase Avalanche price manages to push above the $25 price zone, the bullish force might gain strength. Buyers can again find their way back to....
After consolidating for many days, Bitcoin underwent one final push ahead of the weekly candle close just minutes ago. The price of the leading cryptocurrency currently trades for $19,400, far above the weekly lows. This one final push allowed BTC to push to its highest weekly close ever, according to a crypto trader known as […]
Bitcoin’s second attempt to close above $16,000 hit a wall on Monday as traders assessed the latest progress on a coronavirus vaccine. The benchmark cryptocurrency fell 0.77 percent, suggesting that its last week’s advance, which took its price to a three-year high, would reverse in the daily sessions ahead. Bitcoin also plunged on technical merits […]