After spending four days above $4,000, Bitcoin has finally given way. And it has been quite a drop, with the currency losing $250 in the space of thirty minutes. The drop sees it trading at $3816 at press time, having dropped from $4,016. Bitcoin had witnessed yet another 30-minute rally on January 6, gaining over $200 in just thirty minutes to hit $4,080. It was the first time Bitcoin had hit the $4,000 level since Christmas and many viewed it as the first step in a possible 2019 rally.
The market has rebounded in the past two hours, gaining $10 billion in the process. The comeback is led by Ethereum and Bitcoin Cash, both of whom have gained 13 percent. Ethereum was trading at $136 at press time, bouncing back from $117 registered just three hours earlier. Its trading volume also saw a remarkable 24 percent gain to hit $3.1 billion.
Bitcoin also registered a gain, raking up 6 percent to trade at $3,953. Despite the gain, the currency is yet to recover its Christmas eve drop.
Bitcoin Cash has been on the news for the past two months, both for positive and negative reasons. However, in the past two weeks, the currency made one of the fightbacks of the year, hitting $230 on December 21. However, the currency couldn’t maintain the momentum and at press time, the currency was trading at $164. Since hitting its 30-day high a week ago, BCH has lost 29 percent of its value. Its 24-hour trading volume has also dropped by a whopping 83 percent to stand at $335 million.
When all other cryptocurrencies face a bit of bearish pressure, Bitcoin Cash seemingly continues to do its own thing. That is a rather interesting development worth keeping an eye on. Over the past few days, this altcoin has surged tremendously, and it seems the $200 target is still valid. Sustaining this uptrend has been a challenge, for rather obvious reasons.
Bitcoin Cash Price Surge Continues
It has been a very interesting week for all of the cryptocurrencies and digital assets.
When the overall cryptocurrency market momentum turns as uber bullish as it is right now, it appears all bets are off. The Bitcoin Cash price, for example, is pretty interesting to keep an eye on as of right now. Its value has hit $164 again and the BCH/BTC gains are quite substantial at this point.
Bitcoin Cash Price Surge Keeps Going
Throughout the year 2018, there hasn’t been a sustainable uptrend for any of the cryptocurrencies or digital asset son the market today.
As the bullish cryptocurrency momentum trucks on, there is a growing sense of contentment among enthusiasts and traders. It is very impressive to see how easily these current gains can be sustained, especially where Bitcoin Cash is concerned. More specifically, the alternative form of Bitcoin has been on quite a tear lately and it seems things will continue along this path moving forward.
Bitcoin Cash Price Uptrend Resumes
While there has been a bit of a positive history throughout 2018 regarding Bitcoin Cash price uptrends, none of them has survived for very long.
When the cryptocurrency markets start to show signs of bearish momentum, there is a good chance things will get pretty interesting. In the case of Bitcoin Cash, the current price momentum seems to favor this altcoin right now. With a value just above $100, the coming days will get pretty interesting moving forward. Sustaining the uptrend will always be difficult, for obvious reasons.
Bitcoin Cash Price Retakes the $100 Level
It has been a while since the Bitcoin Cash price hit the three-digit range once again.
Nothing ever comes easy in the world of cryptocurrency and digital assets. As all markets remain subdued for yet another day, it seems there will not be any real improvements moving forward. For Bitcoin Cash, things have looked bleak all year, and the pressure hasn’t relented just yet. In fact, the value now sits below $90 again following another big loss over the past 24 hours.
Bitcoin Cash Price Dip Is not Over
No one will be really surprised to learn there is yet another deficit for the Bitcoin Cash price as of right now.
A lot of positive momentum appears to be brewing across the cryptocurrency industry. Although this is not entirely uncommon, sustaining this uptrend over the coming week will be a different matter altogether. After facing a massive battering, the Bitcoin Cash price appears to be on the rise again in rather significant fashion.
Bitcoin Cash Price Uptrend Looks Promising
Considering how the weekends are usually extremely bearish for all cryptocurrencies, it is somewhat interesting to see different momentum shaping up all of a sudden.
Just a day after it hit a record low for the year, Bitcoin has rebounded to reclaim the $3,400 level. The currency gained 4.5 percent to trade at $3,432 just hours after it hit lows of $3,280 on some markets like Coinbase Pro and Bitstamp. At press time, Bitcoin had hit the all-important support level of $3,500 on some markets like HitBTC, Allcoin and Fatbtc. The other currencies had registered gains as well, with Ethereum gaining 6 percent to trade at $91 while its fork, Ethereum Classic, had recovered 7.
Bitcoin is down 10 percent in the past 24 hours and has set a new low for the year. The currency has been struggling to stay above $4,000, but it looks like the bears have the upper hand, at least in the short term. The currency slumped below $3,400 on most markets overnight and has since then looked increasingly likely to head to $3,000. At press time, Bitcoin was trading at $3,377 on BitMEX, Coinbase Pro and Kraken.
The rest of the market has also been heavily battered, with Ethereum trading at $86, Stellar down 17 percent to $0.
Bitcoin has once again failed to sustain its price at the crucial $4,000 level, shedding close to 10 percent in just a day to fall below $3,600 level on some key markets. The currency was trading at $3,660 at press time, but on some markets such as the dominant BitMEX, the currency had dropped to $3,545. On the Japanese exchange Liquid, Bitcoin was trading at $3590, with Coinbase Pro seeing a similar trend at $3,557.
The digital currency’s woes were not made any better by its coverage on mainstream media outlets, most of which have projected the image of a dying technology that’s on its way to a silent death.
After having its worst month in seven years, Bitcoin has kicked off December with resilience and resolve. The currency began the month trading just below $4,000 but it quickly shot up to claim the level and hasn’t looked back since. At press time, Bitcoin was trading at $4,150. The currency dropped from its monthly high of $4,301, but it has shown resilience to trade above the very crucial $4,000 support level.
The other cryptos also saw a slight drop, with Bitcoin Cash, Bitcoin SV and Cardano being the only top ten cryptos not on the red.
The cryptocurrency markets are not off to the greatest of starts on this new week. While that will not entirely surprise too many people, it is still a rather unfortunate development. The Bitcoin downtrend is, once again, dragging everything else with it. As has been the case for a while now, the Bitcoin Cash price seems to feel the worst of this effect.
Bitcoin Cash Price Decline Continues
Anyone who has closely watched the cryptocurrency market prices throughout 2018 may have noticed some peculiar developments taking place.
As was to be expected, most of yesterday’s cryptocurrency market gains have been wiped out once again. Sustaining a bit uptrend has proven to be extremely difficult throughout 2018 and this latest round is no different. It seems the Bitcoin Cash price will be the first to head in the red again as its value is being pushed down below $185 at this time.
Bitcoin Cash price Faces Opposition
A lot of people were genuinely excited to see the Bitcoin price yesterday throughout the afternoon.
Those who were hoping for positive cryptocurrency price momentum over the weekend will be extremely disappointed first and foremost. Nothing is going the way people would have liked whatsoever, and it seems the worst is yet to come. Al major markets face massive declines, and it seems the Bitcoin Cash price continues to get battered every single day. There is no end to this madness, by the look of things.
Bitcoin Cash Price Goes off the Deep End
When looking at the big picture, one would almost begin to believe Bitcoin’s end is nigh.
It is safe to say the recent Bitcoin Cash protocol upgrade will continue to cause disruption for quite some time to come. There is still a lot of confusion regarding this fork and the potential long-term outcome of this most recent event. As such, the Bitcoin Cash price appears to be tanking once again, which does not bode well for the short-term future whatsoever.
Bitcoin Cash Price Drops Significantly
No one will be really surprised to earn the current momentum does not bode well for most cryptocurrencies.
It would appear all cryptocurrencies are going through some sort of a revival right now. After sustaining very serious losses yesterday, things have finally turned around again. The most bullish currency in the top 10 is none other than Bitcoin Cash. That comes as a bit of a surprise due to all the recent drama, although it also shows altcoins are very resilient first and foremost. For the time being, Bitcoin Cash seems to be underway to hit $250 again.
There is nothing to be excited about in the world of cryptocurrency at this stage. Considering how all markets remain in the red, it is more than evident there will be no immediate relief. The biggest loser to date is Bitcoin Cash, as its value has lost 44% in the past 24 hours. That is quite spectacular, although it seems multiple factors are at play in this regard.
Bitcoin Cash price Decline Gets Brutal
Most people expected some price turmoil when the Bitcoin Cash protocol upgrade of November 15th was first announced.
A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest.
Bitcoin Cash Value Fluctuates Heavily
Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish.
It has been an interesting week in the cryptocurrency industry, although not necessarily for reasons one might expect. More specifically, the Bitcoin Cash price is getting battered, as that has everything to do with the hard fork and associated hash war. As such, one has to wonder if anyone is even winning based on the developments. So far, the “winner” remains unclear, and the future of Bitcoin Cash is anything but decided.
Bitcoin Cash Price Continues to Decline
No one should be really surprised to learn things are not looking too great for Bitcoin Cash in the price department.
Today and tomorrow will be two incredibly important dates for Bitcoin Cash. The upcoming hard fork is a very controversial development which can have all kinds of side effects. So far, the Bitcoin Cash price is holding its own despite all of the controversy. Finding stability near $520 would be a semi-bullish signal for the future.
Bitcoin Cash Price Needs Solid Support
Despite a relatively steep price rise last week, the value per BCH has not found any real stability to speak of.
For people looking at Bitcoin Cash, things will undoubtedly look incredibly confusing as of right now. The current market momentum seems to make no sense whatsoever, but it is evident things may continue to change in the coming days. The looming hard fork is successfully dividing the community, and a lot of speculators are simply bailing until things calm down.
Bitcoin Cash Price Decline Worsens
It is not entirely surprising to see the Bitcoin Cash price decline at this crucial stage.
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