Published: Fri, August 10, 2018
Finance | By Loren Pratt

Bitcoin price (BTC/USD) hits 19-day low

Bitcoin price (BTC/USD) hits 19-day low

Bittrex also informed that the platform will keep expanding and adding new cryptocurrencies for its United States dollars markets. Its price is -3.29% down in last 24 hours. The price of the coin has gone down from its recent high of $8,4000, but what is more concerning is the loss of volume.

Bitcoin prices started to recover during European session Tuesday after Tom Lee, the Head of Research at Fundstrat Global Advisors remained bullish on the cryptocurrency. Below this, the price will most likely revisit the last low at $5,770.

Should the price break the trend line and settles above $6,620, there could be a rebound towards the $6,800 and $6,815 resistance levels.

Lee was referring to the U.S. Securities and Exchange Commission (SEC).

"Hashrate is one of the key indicators of the Bitcoin's network strength and I'm extremely surprised to see that with the steady increase in hashrate we have seen the Bitcoin price drop back down to $7,000".

Bittrex is now one of the most trusted exchanges in the world and has 24 hours trading volume of $55,734,645.68 (8,637.13 BTC). Bitcoin was down around 4 percent from 24 hours ago at 10:45 a.m. The second largest cryptocurrency was trading at $410 yesterday but has lost $40 so far and now trades at $370 per coin. This recent dip means that Ethereum has now lost 23% of its value over the past one month. At the time of writing, ETH/USD traded 1.05 percent up at $409.20, hitting day's low of 402.11.

IOTA had a market cap of Dollars 1.96 billion.

Bitcoin price trimmed most of its last week gains and broke the $7,200 support against the US Dollar.

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.

Ripple price collapsed below $0.40 and is now holding the $0.32 support. The rest of the movements within the next few days will depend on whether or not BTC has a powerful enough under current to propel itself up and over $6 400.

SEC leaders have publicly labeled bitcoin as a commodity and in June made it clear that cryptocurrencies would not be treated like securities, which offers a peek at how the agency might seek to regulate them.

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