Bitcoin rejected by the resistance at $ 6,800, Ripple (XRP) and Ethereum (ETH) slip on the supports. EOS the worst.

Back down for the price of Bitcoin that, momentarily failed to overcome the resistance placed at 6,800, two failed attempts were recorded on 04/07 and 07/07 after the market suffered a slight decline and today, the price of the most capitalized cryptocurrency in the world is $ 6,600, down 1.24 percent, an insignificant decline considering the usual Bitcoin movements.

The total capitalization of the cryptocurrency market has fallen to $ 264, more pronounced decreases are seen on Ethereum which loses 4.48 percent and now $ 463, while Ripple XRP falls instead of 3.22% its value today is $ 0.46 while EOS is losing 11%.

Despite these drops the support placed at $ 6,500 regarding the price of Bitcoin should be able to hold back sales and give rise to a new upward movement towards the target of $ 7,000, but a possible violation of the support would open very negative scenarios in the short term.

A report published by the People’s Bank of China (PBOC) revealed that the cryptocurrency ban imposed by regulators in China seems to be quite successful, as the PBOC has said that the cryptocurrency negotiations in China have “almost disappeared”, and this could have negatively affected the price of Bitcoin.

About Paolo Cianfriglia 28 Articles
Paolo is a financial analyst who likes to analyze and write about financial markets, especially abuot the fast-growing cryptocurrency markets. He writes for several websites and corporate blogs and at the same time offers advice to investors who are not yet familiar with the dangers related to the digital currency markets. Strongly motivated by the interest in blockchain technology, he loves sharing the news of the sector. Email Address: paoloweb@altcoinews.it

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