Bitcoin & Ripple Technical Analysis - Charts Point to Further Losses

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During the last seven days, has traded flat against the dollar.

Bitcoin is now struggling to keep its head above the $7,000 watermark, following a bad weekend which saw the world's number one cryptocurrency, in terms of market cap, shed about 10 billion in value in just a couple of days. At the time of writing, the total market capitalization (excluding BTC) stands at $114.56 billion, which is an 8-month low for the cryptocurrency market. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

In conclusion, Michael Arrington, founder of TechCrunch and Arrington XRP Capital hedge fund, thinks that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions speed and fees, a feat that, at the moment, can't be matched by BTC or ETH.

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VeChain (VET) traded 3.3% lower against the dollar and now trades at $0.0129 or 0.00000192 BTC.

Report from CCN states that "However, in the past several hours, the price of Bitcoin and Ether have started to drop once again, testing $7,100 and $410".

According to Newton, while investors continue to be frustrated by the developments on the BTC ETF front, the SEC is unlikely to approve any filing unless the necessary custodial tools are in place. Always do your own research. That pearl of wisdom is that things are always going to change, today we delve into recent movements of Bitcoin, Ethereum and Ripple as well as analysts' predictions for their short term fluctuations. "Bitcoins volatility will always play a factor in its price, but hopefully Bitcoins price will soon start following its growing hashrate". It prompted a sharp downward move and the price broke the $0.3600 and $0.3400 supports. Due to the explosive December - January rally which saw XRP soar from $0.20 to $3.30, a lack of any technical support around current levels is notable on the charts. Meanwhile, the near-term support is seen at $400.00 and resistance at $420.00. Should the price break the triangle resistance, it could move towards the 38.2% Fib retracement level of the last drop from the $0.4624 high to $0.3198 low. However, recoveries are likely to face many challenges near the $6,800 and $7,000 levels. Below here the November 6 low at $5,622 comes into play. For instance, BTC/USD spot prices have dipped three times to the $5,600-5,800 region but have not dropped less than that yet. Nevertheless, as long as EOS price is below $6.85, it remains at a risk of more losses.

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