Tom Lee: Bitcoin Is The Best House in a Tough Market

  • Tom Lee: Bitcoin Is The Best House in a Tough Market

Tom Lee: Bitcoin Is The Best House in a Tough Market

X2 has a market capitalization of $0.00 and approximately $0.00 worth of X2 was traded on exchanges in the last day.

Prices began dropping yesterday after the SEC extended the Cboe exchange-traded fund decision. The price per one EOS was Dollars 6.17. The top five bitcoin cash trading platforms on August 8 include Coinex, Huobi, Okex, Binance, and Hitbtc.

Some say the price is still reeling following the news, two weeks ago, that the Winklevoss twins' application for a Bitcoin ETF was denied for the second time by the SEC. It dropped below $6,000 at the end of June - its lowest value all year, according to Coindesk. They will reportedly be using a so-called "phased approach" for United States dollars trading as the process takes a "gradual approach to ramping up these markets in order to ensure quality in processes and systems before making them available to qualified customers".

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.

"Bitcoin isn't broken if it's holding at these levels". We're still gathering data and deciding on our level of support for XRP, ' said Mr. Goltra in a statement. At this time last week, Bitcoin was trading around $7,636 but has now dropped to its current level at $6,532. Its price is -3.29% down in last 24 hours. BCH is seeing a daily loss of around 14.2 percent and is the fourth highest market valuation among every coin in existence.

Bitcoin's price remains low, despite a rash of developments in the cryptocurrency world. It seems the current trading price for ETH is trapped within quite a tight window, it can neither fall very much due to strong support underneath it but it is also facing many barricades from above deterring its chances at making further gains.

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

Hourly MACD - The MACD for BCH/USD is slightly placed in the bullish zone.

Looking at the 4-hours chart, the price settled below the $6,815 support area and the 21 simple moving average (4-hours). Below here the November 6 low at $5,622 comes into play. 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.