RATE Group | Bitcoin, Ethereum, Ripple and EOS Price Analysis 10th August
38347
wp-singular,post-template-default,single,single-post,postid-38347,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin, Ethereum, Ripple and EOS Price Analysis 10th August

10 Aug Bitcoin, Ethereum, Ripple and EOS Price Analysis 10th August

Posted at 14:14h in Ethereum News by

[ad_1]

Bitcoin declined sharply this week and broke key supports near $7,250 and $6,815. Major Altcoins like Ethereum, ripple, EOS and litecoin also followed BTC/USD’s decline and tumbled.

Crypto Price Watch

Key Takeaways:

  • Bitcoin price fell sharply and it is currently trading above the key support at $6,000.
  • Ethereum is in major downtrend and is trading well below $390-400.
  • Ripple price collapsed below $0.40 and is currently holding the $0.32 support.
  • EOS almost tested the $5.00 support and is currently consolidating losses.
  • Despite the recent collapse, Vikky Token and Bankcoin registered more than 300% gains.

Bitcoin Price Analysis

Bitcoin price declined sharply from the $7,150 swing high after the US SEC decided to postpone one of the ETF approval decisions. BTC/USD nosedived and broke a few important supports like $7,020, $6,815 and $6,550.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

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

[ad_2]

Source link