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The main prices of the digital currency were exchanged on Thursday in New York, renouncing the majority of the advance on Wednesday.
Bitcoin,
BTCUSD, + 11.34%
the most popular digital currency was changing hands at $ 6,442.99, down 1.2% from Wednesday at 5:00 pm. Eastern Time on the Kraken exchange. So how it is, bitcoin is on its way to its worst session since October 29th.
To read: Bitcoin could be an unlikely winner in the mid-term elections
With bitcoins stuck on either side of $ 6,500, traders are evaluating the value of altcoins, the smaller group of coins other than the bitcoin, and a technical analyst said that a change in luck could be at the horizon for the holders of smaller digital coins.
"After the mishaps at the lower end of narrow commercial ranges last week, an increasing number of ALTs [altcoins] rebounded to reverse the bearish trends that have been in place since the April-May highs and in some cases by the start of 2018, "wrote Robert Sluymer, technical strategist at Fundstrat Global Advisors.
Sluymer added that while downward trends have reversed, it is too early to say that it is a confirmation of the surges in progress.
However, Thursday the main altcoins were under pressure. Ether
ETHUSD, + 14.92%
was trading 2.3% lower at $ 213.76, Bitcoin Cash
BCHUSD, + 13.43%
it was out of 4.1% to $ 588.90, Litecoin
LTCUSD, + 14.47%
was down 1.8% to $ 52.94 and XRP,
XRPUSD, + 8.98%
which trades on the Ripple network, was the worst altcoin, down 6.8% to 50 cents.
After the consecutive winning sessions, bitcoin futures lowered on Thursday. The November contract for Cboe Global Markets
United States: XBTX8
finished down by 1.5% to $ 6.422.50, while the CME Group November
United States: BTCX8
finished the 1.4% to $ 6.410.
To read: Bitcoin for mining is 3 times more expensive than mining gold, the research notes
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