Good afternoon and welcome to our continued coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
A bad start to the week continues for the cryptocurrency market while BTC prices fall below $ 7,000.
Bitcoin struggled to gather this morning and lost 1.10 percent of the day to trade at $ 6.963.45.
Ethereum had some small gains yesterday but lost 0.01 percent to trade at $ 407.13.
Ripple sees more losses, down 1.77% to $ 0.421029, while Litecoin suffers a loss of 1.35% selling for $ 73.29%
Investors fear that BTC could go down even lower in the rankings, but some experts are telling traders to stay strong – a rebound could be on the cards.
3.30 UPDATE: Crypto claims Tom Lee tells investors "Do not panic, bitcoin recovers!"
Wall Street crypto guru Tom Lee believes that the bitcoin can slowly recover from its current collapse in 2018.  Fundstrat's research manager said: "Bitcoin will not break if it is maintained at these levels. that people fear it will come back down to $ 6,000 and will never return from those bearish markets.
"The news we've seen, from the SEC that says bitcoin is a commodity, to the potential for a fund traded in stock market is causing investors to decide that the bitcoin is the best home in a difficult market. "
The cryptographic expert believes that the bitcoin domain shows that the market is reacting to what is good news  [ad_2]Source link