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Top Cryptocurrencies See Moderate Losses, Bitcoin Below $3,800

From cointelegraph.com

All but one the top 20 cryptocurrencies registered losses in the last 24 hours, Bitcoin (BTC) lost most of its recent gains, sinking below $3,800. Bitcoin started the day near $4,000 and continued to fall until it reached its current price of $3,769, down 4.37 percent on the day. On its weekly chart, BTC is at its lowest point in the past seven days. The co-founder of advisory firm Fundstrat, Tom Lee, provided three reasons behind the collapse of the crypto market: the controversial Bitcoin Cash (BCH) hard fork, recent actions undertaken by the U.S. Securities and Exchanges Commission (SEC) which forced Initial Coin ... (full story)

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  • Category: Fundamental Analysis