First Bitcoin (BIT) Market Cap Hits $0.00

Sentimental Analysis for Bitcoin Ethereum Ripple EOS Stellar

Sentimental Analysis for Bitcoin Ethereum Ripple EOS Stellar

First Bitcoin has a market capitalization of $0.00 and $133.00 worth of First Bitcoin was traded on exchanges in the last day. Meanwhile, the near-term support is seen at $6,800.00 and resistance at $7,200.00.

In conclusion, Michael Arrington, founder of TechCrunch and Arrington XRP Capital hedge fund, thinks that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions speed and fees, a feat that, at the moment, can't be matched by BTC or ETH.

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. This comes after Bitcoin touched an all-time high of around $20,000 in December past year, only to fall into a slump as 2018 progressed, dropping to below $6,000 in June. On the flip side, a downside break below the $6,139 low and the $6,100 support puts the price at a risk of trading to a new yearly low. Daily trade volume is decent but nothing spectacular at $5B United States dollars in BTC traded over the last 24 hours.

However, it could just be a case of what goes up, must come down; indeed, the entire cryptocurrency market has been on a general downtrend for most of 2018 after Bitcoin reached a high of almost $20,000 in January. ETH/USD tumbled by more than $50 this week and traded below the $400 and $380 support levels.

The drop in the price of Bitcoin came as a result of the SEC decision.

While Bitcoin's price continues to dip, although only a part of a percentage over the last 24 hours, other major coins have taken big hits. One First Bitcoin coin can now be bought for approximately $0.0104 or 0.00000155 BTC on major cryptocurrency exchanges. BCH is seeing a daily loss of around 14.2 percent and is the fourth highest market valuation among every coin in existence. Investors seeking to trade X2 should first buy Ethereum or Bitcoin using an exchange that deals in USA dollars such as Changelly, Gemini or Coinbase. The price per ETH stood at Dollars 376.91.

Looking at the 4-hours chart, the price settled below the $6,815 support area and the 21 simple moving average (4-hours).

A new monthly low was formed at $6,139 and the price is now attempting a recovery. If they do cross hairs, this means the path towards the least resistance would be the upside but for now, it remains on the downside.

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