Bitcoin Price Analysis: BTC Price Testing Last Line of Defense Before $6,000


Bitcoin Price Analysis: BTC Price Testing Last Line of Defense Before $6,000

Bitcoin Cash (CURRENCY:BCH) traded 8.6% lower against the dollar during the one day period ending at 21:00 PM Eastern on August 1st. 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. This comes after Bitcoin touched an all-time high of around $20,000 in December a year ago, only to fall into a slump as 2018 progressed, dropping to below $6,000 in June. Bitcoin Cash has a total market capitalization of $10.24 billion and $445.92 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

Steem (STEEM) traded 5.9% lower against the dollar and now trades at $1.03 or 0.00016399 BTC.

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.

Ether ETHUSD, -0.33% is down 1.7% to $403.44, Bitcoin Cash BCHUSD, -0.71% is trading down 3.1%, at $689.60, Litecoin LTCUSD, -0.91% is down 1.1% at $73.64 and Ripple's XRPXRPUSD, -0.55% is trading 3.5% lower at 42 cents, respectively. At the time of writing, XRP/USD traded 0.46 percent down at $0.41079.

Counterparty (XCP) traded down 16.6% against the dollar and now trades at $4.13 or 0.00065360 BTC.

NEO (NEO) traded 1.2% higher against the dollar and now trades at $27.13 or 0.00383205 BTC.

Crown (CRW) traded down 8.6% against the dollar and now trades at $0.36 or 0.00005748 BTC.

VeChain (VET) traded up 4.8% against the dollar and now trades at $0.0140 or 0.00000198 BTC.

CHIPS (CHIPS) traded 23.9% lower against the dollar and now trades at $0.0663 or 0.00001060 BTC.

Zilliqa (ZIL) traded 3.8% lower against the dollar and now trades at $0.0534 or 0.00000754 BTC.

Bitcoin Cash (CRYPTO:BCH) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm.

X2's official Twitter account is @X2Team2017.

Earlier this year, the United States Securities and Exchange Commission (SEC) ruled that cryptocurrencies were commodities, and followed that up with a statement in June which clarified that cryptocurrencies would not be treated as securities. The company was only partnering with Bakkt to allow users to convert cryptocurrencies into US dollars which could be used at Starbucks.