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.
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.