Bitcoin's price LIVE: Bitcoin expert warns investors not to panic: can you recover BTC? | City and business | Finance

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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. [19659003] 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 [19659013] Source link