Markets

Bitcoin Cash Price Analysis: BCH/USD Remains Sell on Rallies

Bitcoin Cash Price Analysis: BCH/USD Remains Sell on Rallies

First Bitcoin (CURRENCY:BIT) traded 19.2% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on July 23rd.

Digital currency values are hurting today as the entire cryptocurrency market capitalization has dropped since our last markets update from $250B to $231B on August 8. One can now be purchased for approximately $0.0000 or 0.00000000 BTC on popular cryptocurrency exchanges. has a total market cap of $0.00 and approximately $0.00 worth of was traded on exchanges in the last day.

The value of a single Bitcoin nosedived to $6,890 on Bitfinex yesterday (Sunday), which is its lowest price since July 17, before recovering somewhat to end the day (as per UTC) at $7,025.

XRP/USD: The ripple community traded weak, breaking previous support despite news that XRP has now been added to the list of cryptocurrencies by Bitcoin Superstore, allowing customers to purchase from over 200k online retailers via XRP and 5 other cryptocurrencies, Coingape reported recently.

At time of writing (4pm, ET, Monday), one BTC is fetching an average of $6,954.68, according to data from CoinMarketCap (see below), down 1.6% in 24 hours.

Tether is next with a market cap of Dollars 2.45 billion and a price of USD 1.01 for one coin.




Binance Coin (BNB) traded up 0.5% against the dollar and now trades at $13.70 or 0.00193453 BTC.

There is a noteworthy bearish pattern line-shaped with resistance at $7,320 on the 4-hour chart of the BTC/USD combine (information feed from Kraken).

0x (ZRX) traded 2.5% lower against the dollar and now trades at $0.93 or 0.00013747 BTC.

Zilliqa (ZIL) traded 3.9% lower against the dollar and now trades at $0.0526 or 0.00000742 BTC. Today (August 8, 2018), the top-ranked cryptocurrency has continued to decline, dipping below $6,500 or the first time in nearly a month. First Bitcoin's official Twitter account is @First_Bitcoin and its Facebook page is accessible here. 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. The company was only partnering with Bakkt to allow users to convert cryptocurrencies into US dollars which could be used at Starbucks.

Ethereum is in major downtrend and is trading well below $390-400. Investors can then use their newly-acquired Bitcoin or Ethereum to buy using one of the aforementioned exchanges.


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