Published on August 3rd, 2018 | by bitcoin0
Volatile Future of Bitcoin Dips Prices Under $7,400
Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 show a sudden dip downwards from $7,550 Friday, with BTC/USD trading around $7,363 at press time.
Bitcoin weekly price chart.
Source: Cointelegraph Bitcoin Price Index Since that time, markets have rallied and fallen, with commentators keen to see if support around $7,000 can hold to sustain July’s gains.
Bitcoin has traditionally seen downward pressure in the immediate run-up to futures contract liquidation from various operators.
Source: Cointelegraph Ethereum Price Index Bitcoin Cash (BCH) fared worse, losing around 5 percent over a 24 hour period and trading around about $713 to press time.