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Bitcoin kicked off August on the back of a 22% gain in July. The momentum helped Bitcoin hit a high of $23.578 on August 3. However, the leading crypto has struggled to stay above $23k, losing 2.3% in the last 24 hours to fall to $22,900.
The 24-hour price chart of Bitcoin. Source: CoinMarketCap
Bitcoin’s biggest competitor, Ethereum, has recorded even sharper declines, closing the last three days lower than it opened for trading. Ethereum now trades at $1,619 despite trading as high as $1,700 on August 1.
The price chart of Ethereum (ETH) since August 1. Source: CoinMarketCap
According to some market experts, the crypto market has bottomed from its decline. They suggest that if Bitcoin and Ethereum hold above these levels in the coming days, they could spike to $28k and...
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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...