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Bitcoin Holds out Above 2017 Highs – Ethereum (ETH) Fails to Reverse at $1.5k
Following a solid unemployment report, Bitcoin trended downward over the weekend to hit a 7-day low of $19,636. Despite the collapse of Bitcoin along with other risk assets, BTC managed to hold out above the $19,500 level, its record peak from December 2017.
BTC opened the week at lower than $20k for the tenth consecutive day as it dropped 0.5% in the last 24 hours to trade at $19,757 at the time of writing. Traders remain mixed in predictions for Bitcoin’s next direction.
The 7 day price chart for Bitcoin (BTC). Source: CoinMarketCap
While Bitcoin’s direction remains undecided, Ethereum’s (ETH) path looks to be clearing up. The Ether’s failure to reverse at $1,550 all but confirms the possibility of an uptrend...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...