An intraday recession is putting at risk a series of victories in bitcoin


Bitcoin lowered on Friday afternoon, jeopardizing an optimistic milestone.

After increasing up to 3% of the day, the price of a single bitcoin

BTCUSD, -4.27%

changed hands last to $ 7.352.38, down 0.9% from 17.00. Thursday on the Kraken exchange.

On the line is the longest winning streak of assets since June 2017, as the digital currency no. 1, a naturally volatile good, seemed destined to mark a series of seven positive days.

According to data from the TradingView charts service, since July 14 Bitcoin has scored six consecutive winning days and one seventh would be the first time since June 6 last year when a single bitcoin was worth less than $ 3,000.

BTC / USD (green indicates victory day)

After reaching a new annual low at the end of June, one that bitcoin pioneer Barry Silbert believes will be the minimum for 2018, virtual currency has put in progress a broader lap of more than 30% from the minimum of 24 June.

Despite the recent change of luck for bitcoin holders, one analyst says that a further upside could be limited. "I'm still not impressed with the recent gains, but for me it still seems like a small corrective move with a very long-term momentum," said Craig Erlam, senior market analyst at Oanda.

Erlam added that $ 10,000 remain a crucial topside level, but he is not convinced that it will change very soon.

Read: A 30% rally in bitcoins in less than a month has bulls of $ 10,000 and more

Bitcoin is separating from the package

Bitcoin's share of the The entire digital currency market has reached a maximum of three months of 45.3%, according to CoinMarketCap data.

The divergence continued on Friday with major altcoins, coins other than bitcoins, traded on the downside. Ether

ETHUSD, -2.28%

is down 3.3% to $ 451.80, Bitcoin Cash

BCHUSD, -5.22%

lost 4.5%, trading at $ 779.80, Litecoin

LTCUSD, -3.73%

is 4.3% lower at $ 82.36 and Ripple's XRP currency

XRPUSD, -7.30%

trades at 45 cents, down 5.6%.

After starting the day in the green, bitcoin futures closed lower Friday. Cboe Global Markets Inc. for August

XBTQ8, -3.80%

closed down 1.6% to $ 7.345 and the CME Inc. contract in July


closed the day down by 1.5% to $ 7.340.

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