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Cryptocurrency holds line, but still under threat to sag

The most-known digital currency dropped more than 10 percent this week, proving a bullish-to-bearish tone and leaving the door opened for further lowering even to $7,500.

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So far drops below the key 200-day moving average border have been fleeting. The top cryptocurrency was trading on Thursday around $8,331 on Bitstamp.

Recall, the cryptocurrency deepened to $7,998 line on Tuesday but closed nevertheless above the 200-day moving average, then shifted to $8,288. The same price was registered the prior day, on Wednesday, with sellers, which didn’t managed to ensure a close below the long-term support.

As for the major cryptocurrency current rates for Thursday they are all negative as follows:

  • Bitcoin eased by 2.31 percent, to $8.331.50;

  • Ethereum went down by 7.71 percent, to $167.69;

  • Ripple slipped by 0.67 percent, to $0.2439;

  • Bitcoin Cash sagged by 3.85 percent, to $219.80;

  • Litecoin dipped by 2.05 percent, to $56.03.