RATE Group | Bitcoin price LIVE: Bitcoin expert warns investors not to panic – can BTC recover? | Cit…
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Bitcoin price LIVE: Bitcoin expert warns investors not to panic – can BTC recover? | Cit…

07 Aug Bitcoin price LIVE: Bitcoin expert warns investors not to panic – can BTC recover? | Cit…

Posted at 15:48h in Bitcoin News by

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DAILY HEADLINES

Good afternoon and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

A bad start to the week continues for the cryptocurrency market as BTC prices plunge below $7,000.

Bitcoin struggled to rally this morning and has lost 1.10 percent on the day to trade at $6,963.45.

Ethereum had some small gains yesterday but lost 0.01 percent to trade at $407.13.

Ripple sees more losses, falling 1.77 percent to trade at $0.421029, while Litecoin suffers a 1.35 percent loss to sell for $73.29 percent.

Investors fear that BTC could tumble further down the charts, but some experts are telling traders to hold strong – a bounce back may be on the cards. 

3.30am UPDATE: Crypto advocate Tom Lee tells investors “Don’t panic, bitcoin is bouncing back!”

Wall Street crypto guru Tom Lee believes bitcoin can slowly recover from its current slump in 2018. 

The head of research at Fundstrat said “Bitcoin isn’t broken…

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