Bitcoin is edging closer and closer back to the critical $ 3,500 support level that some estimated it would stand on for awhile. Ethereum gained a dollar overnight. But more notably, so did Litecoin — more than a dollar, actually. Confidence in Litecoin seems to be growing after its rebranding. The stalwart altcoin, intended to be “silver to Bitcoin’s gold,” is notably seen as having a growing community and userbase. On the same note, Augur continued its growth pattern over the 24-hour period, reaching an average of more than $ 13. Bitcoin Price Edges Toward Crucial $ 3,500 Level The Bitcoin price saw
By CCN.com: In the past 24 hours, the crypto market has experienced a slight decline in valuation from $ 224 billion to $ 219 billion as the Bitcoin price dropped to $ 3,500. Previously, traders said that a drop below the $ 3,500 mark could lead the price of Bitcoin to test key support levels in the low $ 3,000
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Bitcoin fell below $ 3,500 as $ 5 billion was wiped out of the crypto market, and major digital assets like Ethereum recorded a six percent drop against the U.S. dollar. The 4.8 percent drop in the combined valuation of all cryptocurrencies in the global market comes after a strong sell-off on January 11. Bitcoin Weakness Expected
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Bitcoin on Tuesday showed some signs of bottoming out as it consolidated sideways a little above $ 3,500, its psychological support. The BTC/USD is now trading at 3734-fiat, up 1.58% from the previous day close. Meanwhile, the pair is trading inside a range that is no more than $ 230 wide. Though volatile, the choppy price action
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A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors. However, the effects of the rumors did not go unnoticed.