RATE Group | Bitcoin price LIVE: BTC prices slump but could a larger correction be around the corner?…
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Bitcoin price LIVE: BTC prices slump but could a larger correction be around the corner?…

03 Aug Bitcoin price LIVE: BTC prices slump but could a larger correction be around the corner?…

Posted at 09:07h in Bitcoin News by

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MORNING HEADLINES

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

Another morning of losses for the crypto market, as most digital tokens tumble below resistance. 

Bitcoin lost 4.24 percent on the day, trading at $7,353.07, while Ethereum lost 4.22 percent to trade at $403.83.

Ripple dropped 1.10 percent to go for $0.437672, and Litecoin fell 3.36 percent to sell for 475.32.

Despite the losses, many experts are expecting bitcoin to rally back, with traders just waiting for a lower price to jump in on. 

9.56am UPDATE: Binance CEO says Ethereum and EOS will be too slow to succeed. 

The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao (“CZ”), says any general smart contract platform (i.e. Ethereum, EOS) wont be agile or fast enough to achieve success in the long run.

In a new interview with Fortune, Mr Zhao says he believes they will be overtaken by projects that give developers…

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