Bitcoin and Altcoins Could Disregard Bithumb Hack

Bitcoin price traded a few points above the USD 6,800 level recently. However, BTC/USD came under a bearish pressure after KRW 35 billion (USD 31.Five million) te cryptocurrencies were stolen from a major cryptocurrency exchange based te South Korea, Bithumb. Many altcoins declined and trimmed most of its latest gains. However, the mentioned downside budge can be considered spil a part of a correction and the market could recover te the near term.

Bitcoin price failed to hold gains above the USD 6,800 level and dropped below the USD 6,700 support. BTC/USD tested the USD 6,600 support zone and is presently consolidating te a range (GMT 09:00). If it stays above the USD 6,600 support, it may perhaps bounce back towards USD 6,800.

On the other palm, if there is an increase ter selling pressure, the price may rust the USD 6,600 support for more losses.

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Ethereum price wasgoed able to hold gains above the USD 520 level. ETH/USD wasgoed recently rejected from the USD 550 resistance and is presently trading up by around 1% to USD 525.

The price has to stir past the USD 540 resistance to extend the current upward budge. The next resistance awaits at USD 550. On the downside, supports are seen at USD 520, USD 510 and USD 500.

Bitcoin Contant and Ripple

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Bitcoin steenslag price is still fighting to stir past the USD 900 barrier. There wasgoed an attempt to rust the stated resistance, but BCH/USD failed and declined below the USD 880 support. On the downside, the USD 860 and USD 850 levels may perhaps hold losses.

Ripple price is down around 2% and is trading ter a range above the USD 0.53 level. XRP/USD is facing many resistances on the upside near the USD 0.54 and USD 0.55 levels.

Other Altcoins Market Today

Many petite cap altcoins followed bitcoin after Bithumb hack. However, two altcoins MTC and HT outperformed. Both coins traded higher by more than 15% and broke a few significant resistances.

To sum up, the latest druppel may zekering if bitcoin successfully holds the USD 6,660 support. Additionally, the market sentiment is still positive and suggests that price could bounce back te the near term.

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2 comments / Add your comment below

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