RATE Group | Latest cryptocurrency news and prices, 21 August 2019
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Latest cryptocurrency news and prices, 21 August 2019

21 Aug Latest cryptocurrency news and prices, 21 August 2019

Posted at 12:29h in Cryptocurrency News by

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Bitcoin’s (BTC) price continues to struggle to hold on to key support areas above the $10,500 area. Currently, the cryptocurrency is down by 5.38% and is trading above $10,200 while most of the top 100 altcoin markets also flash red. Here are your latest cryptocurrency news and prices. 

Latest Bitcoin (BTC) news and prices

A general partner named Spencer Bogart at Blockchain Capital, a venture capital firm believes that Bitcoin (BTC) will remain in a safe space in the long term. However, the industry bigwig has a different view on how BTC’s price will be affected during various economic events.

During an interview with Bloomberg on August 20, Bogart shared his sentiments. As per a statement from him, the risk of monetary devaluation can catalyse Bitcoin’s upward price action.

Bogart stated:

“I think longer-term Bitcoin will absolutely be a safe haven […] I think that when you have looming risks of monetary devaluation, things like this, Bitcoin certainly looks very…

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