Digital Currency Prices Today: Bitcoin Cash Price Slumps 30% – The Wall Street Examiner

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Must Read

Here’s What the Latest Fed Resignation Means for Your Money

by Lee Adler • September 7, 2017

You may have heard the news that Fed Vice Chairman Stanley Fischer has resigned, and you’re wondering so what? What does it mean to me and my investments?

Well, I’m no mainstream media pundit, but I have been tracking and writing about the Fed and its influence on the market for a very long time.

So let me give you my perspective on what this resignation does or doesn’t mean.

I’m a data dude, not a political pro. I view the world through the prism of what the data tells us about activity and reaction, cause and effect, as it applies to monetary and fiscal policy and stock and bond market behavior. However, people make the decisions about those all-important deeds, so to that extent, maybe personalities matter.

Must Read

ECB And Draghi Keep Rates At Zero, Downgrades two thousand eighteen Inflation To 1.2% (To Infinity … And Beyond!)

by Anthony B Sanders • September 7, 2017

The European Central Bank (ECB) President Mario Draghi is mimicking Whirr Lightyear from Pixar’s Fucktoy Story:

Must Read

How the Dow Jones Today Will React to Trump’s Debt Ceiling Deal with Democrats

by Garrett Baldwin • September 7, 2017

The Dow Jones today is embarking the day vapid after President Trump shocked Washington by making a surprise deal with Congressional Democrats on raising the debt ceiling.

Must Read

How to Cash In on the Death of the Fed’s “Effortless Money Market”

by William Patalon III • September 7, 2017

As a writer, a Baltimore fellow, and someone who loves horror fiction, I have a special affinity for Edgar Allan Poe, the master of macabre horror tales who wrote some of his best stuff here in Charm City. And one of my absolute favorites was an off-the-radar story called “A Descent into the Maelström.”

Must Read

Is the High Cost of Housing Crushing Wages?

by Charles Hugh Smith • September 7, 2017

Must Read

Retail CMBS-Loan Loss Severity at 49.4% for 2Q (Washington DC Highest Rate of Delinquencies)

by Anthony B Sanders • September 6, 2017

According to Moody’s, CMBS loans backed by retail properties are the worst performing asset class.

Must Read

Why Silver Prices Will Keep Rising from Today’s Five-Month High

by Peter Krauth • September 6, 2017

Silver prices have been unstoppable lately, posting a 5% build up in August and a Two.6% build up already in September.

Today, they even reached their highest level since April 20.

Must Read

(Un)Fortunate Town: US Treasury Bill Curve Collapses On Debt Ceiling Concerns (While Fed’s Stanley Fischer Resigns as Vice Chair)

by Anthony B Sanders • September 6, 2017

Yes, Washington DC is not Bruce Springsteen’s “Fortunate Town.”

Must Read

Global Equity Markets Jittery Amid Worries On Several Fronts

by Jim Wyckoff • September 6, 2017

World stock markets were mostly weaker overnight, on a bevy of concerns in the marketplace.

Must Read

The Storm Is on Its Way – Here’s How You and Your Portfolio Can Weather It

by Lee Adler • September 6, 2017

The LAMPP (Liquidity And Monetary Policy Profits) indicator is little switched this week. It’s slightly on yellow, perched precariously on the razor’s edge of turning crimson.

But there is more than one storm headed our way that will knock our LAMPP into a bright, flashing crimson.

Not only do we have an excellent idea of how the Federal Reserve and the Treasury plan to influence the economy, but the hurricanes that are tearing through the country will have tremendous repercussions as well.

In fact, they could switch everything.

Must Read

Digital Currency Prices Today: Bitcoin Cash Price Slumps 30%

by Garrett Baldwin • August Four, 2017

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.

For digital currency prices today, Bitcoin prices topped the $Two,800 level and shoved toward $Two,900 in the wake of this week’s “hard fork.” Meantime, Bitcoin Cash – the cryptocurrency spun out of the BTC blockchain – plunged more than 30%.

Total market capitalization of the cryptocurrency sector topped $102 billion as volatility resumes to send shockwaves around the globe. The past twenty four hours have seen a 46.5% leap in CloakCoin prices, a 42% build up in Bitdeal, and a 21.9% build up in IOTA prices.

Below is a recap of cryptocurrency prices at twelve p.m. EDT

Liquidity moves markets!

Now that we know all of today’s price movements, here’s what has been moving these cryptocurrencies…

Bitcoin Prices Climb Despite Hard Fork

Bitcoin prices gained more than Four.4% Friday and surpassed the $Two,800 barrier for the very first time since July. The BTC price is on rhythm to challenge the $Two,900 level before the weekend starts.

The uptick comes in a somewhat surprising period of stability for Bitcoin. Earlier this week, the “hard fork” of Bitcoin had suggested a short-term bout of volatility and uncertainty. However, a wealth of experts have said that Bitcoin is on rhythm to top $Three,000 after the activation of Segwit2x, set for Aug. 8.

What Is Bitcoin?

Money Morning Cryptocurrency Accomplished Dave Zeiler created a detailed report on the “hard fork” and Bitcoin Cash.

Dave mined his very first bitcoin back in 2011, and he’s written more than one hundred sixty five stories on Bitcoin and cryptocurrencies since then. You can access this free and off the hook report, right here.

Bitcoin Cash Slumps in Rocky Very first Week Debut

Bitcoin Cash is pushing toward an all-time low Friday after a 30% decline in twenty four hours of trading. However the market capitalization of Bitcoin Cash sits fourth among rival currencies, the downtrend toward the all-time low is a stark reversal to this week’s record high of $727.

The bulk of analysts suggest that Bitcoin Cash’s price was artificially higher than it should have been earlier this week and that the split didn’t favor holders of the currency. Samson Mow, CSO at Blockstream, warned Business Insider that the fresh cryptocurrency may not “get through at prices above $100 in the long term.”

Today, Coinbase announced plans to support Bitcoin Cash, but it has not made any decision on whether it will facilitate the trading of the instrument.

The company said it must explore technical stability, security, and compliance of the fresh cryptocurrency. It said it will support the fork next year, a reversal of its earlier stance.

That said, many Bitcoin Cash owners have not been able to transfer their money out of the exchanges that do not support the fresh cryptocurrency. When that matter is resolved, there could be a situation where the market is flooded by the fresh coin, which could press the price even lower.

Ethereum Prices Stir Lower

Ethereum prices moved lower Friday. Technical signs have pointed toward a more bullish outlook for the cryptocurrency. Ethereum bulls cheered this week’s forecast by Wall Street analyst Ronnie Moas, who predicted that Ethereum would hit $400 by next year.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than two hundred fifty years of combined investing practice – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – supply daily investing tips and stock picks, provide analysis with deeds to take, and reaction your fattest market questions. Our purpose is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more certain investors.

Disclaimer: © two thousand seventeen Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world broad web), of content from this webpage, in entire or in part, is stringently prohibited without the express written permission of Money Morning. Sixteen W. Madison St. Baltimore, MD, 21201.

Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher’s promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions voiced in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either voiced or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Digital Currency Prices Today: Bitcoin Cash Price Slumps 30% – The Wall Street Examiner

The Wall Street Examiner

Click here to get instant access to latest

Pro Trader reports of your choice.

ninety Day Trial – Risk Free

Main menu

Sub menu

Subscriber Content – Pro Trader

Subscription Plans

Wall Street Examiner Pro Trader

Latest News and Opinion

Must Read

Here’s What the Latest Fed Resignation Means for Your Money

by Lee Adler • September 7, 2017

You may have heard the news that Fed Vice Chairman Stanley Fischer has resigned, and you’re wondering so what? What does it mean to me and my investments?

Well, I’m no mainstream media pundit, but I have been tracking and writing about the Fed and its influence on the market for a very long time.

So let me give you my perspective on what this resignation does or doesn’t mean.

I’m a data stud, not a political pro. I view the world through the prism of what the data tells us about act and reaction, cause and effect, as it applies to monetary and fiscal policy and stock and bond market behavior. However, people make the decisions about those all-important deeds, so to that extent, maybe personalities matter.

Must Read

ECB And Draghi Keep Rates At Zero, Downgrades two thousand eighteen Inflation To 1.2% (To Infinity … And Beyond!)

by Anthony B Sanders • September 7, 2017

The European Central Bank (ECB) President Mario Draghi is mimicking Hum Lightyear from Pixar’s Fucktoy Story:

Must Read

How the Dow Jones Today Will React to Trump’s Debt Ceiling Deal with Democrats

by Garrett Baldwin • September 7, 2017

The Dow Jones today is commencing the day vapid after President Trump shocked Washington by making a surprise deal with Congressional Democrats on raising the debt ceiling.

Must Read

How to Cash In on the Death of the Fed’s “Effortless Money Market”

by William Patalon III • September 7, 2017

As a writer, a Baltimore stud, and someone who loves horror fiction, I have a special affinity for Edgar Allan Poe, the master of macabre horror tales who wrote some of his best stuff here in Charm City. And one of my absolute favorites was an off-the-radar story called “A Descent into the Maelström.”

Must Read

Is the High Cost of Housing Crushing Wages?

by Charles Hugh Smith • September 7, 2017

Must Read

Retail CMBS-Loan Loss Severity at 49.4% for 2Q (Washington DC Highest Rate of Delinquencies)

by Anthony B Sanders • September 6, 2017

According to Moody’s, CMBS loans backed by retail properties are the worst performing asset class.

Must Read

Why Silver Prices Will Keep Rising from Today’s Five-Month High

by Peter Krauth • September 6, 2017

Silver prices have been unstoppable lately, posting a 5% build up in August and a Two.6% build up already in September.

Today, they even reached their highest level since April 20.

Must Read

(Un)Fortunate Town: US Treasury Bill Curve Collapses On Debt Ceiling Concerns (While Fed’s Stanley Fischer Resigns as Vice Chair)

by Anthony B Sanders • September 6, 2017

Yes, Washington DC is not Bruce Springsteen’s “Fortunate Town.”

Must Read

Global Equity Markets Jittery Amid Worries On Several Fronts

by Jim Wyckoff • September 6, 2017

World stock markets were mostly weaker overnight, on a bevy of concerns in the marketplace.

Must Read

The Storm Is on Its Way – Here’s How You and Your Portfolio Can Weather It

by Lee Adler • September 6, 2017

The LAMPP (Liquidity And Monetary Policy Profits) indicator is little switched this week. It’s hardly on yellow, perched precariously on the razor’s edge of turning crimson.

But there is more than one storm headed our way that will knock our LAMPP into a bright, flashing crimson.

Not only do we have an excellent idea of how the Federal Reserve and the Treasury plan to influence the economy, but the hurricanes that are tearing through the country will have tremendous repercussions as well.

In fact, they could switch everything.

Must Read

Digital Currency Prices Today: Bitcoin Cash Price Slumps 30%

by Garrett Baldwin • August Four, 2017

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.

For digital currency prices today, Bitcoin prices topped the $Two,800 level and shoved toward $Two,900 in the wake of this week’s “hard fork.” Meantime, Bitcoin Cash – the cryptocurrency spun out of the BTC blockchain – plunged more than 30%.

Total market capitalization of the cryptocurrency sector topped $102 billion as volatility resumes to send shockwaves around the globe. The past twenty four hours have seen a 46.5% hop in CloakCoin prices, a 42% build up in Bitdeal, and a 21.9% build up in IOTA prices.

Below is a recap of cryptocurrency prices at twelve p.m. EDT

Liquidity moves markets!

Now that we know all of today’s price movements, here’s what has been moving these cryptocurrencies…

Bitcoin Prices Climb Despite Hard Fork

Bitcoin prices gained more than Four.4% Friday and surpassed the $Two,800 barrier for the very first time since July. The BTC price is on rhythm to challenge the $Two,900 level before the weekend embarks.

The uptick comes in a somewhat surprising period of stability for Bitcoin. Earlier this week, the “hard fork” of Bitcoin had suggested a short-term bout of volatility and uncertainty. However, a wealth of experts have said that Bitcoin is on rhythm to top $Three,000 after the activation of Segwit2x, set for Aug. 8.

What Is Bitcoin?

Money Morning Cryptocurrency Accomplished Dave Zeiler created a detailed report on the “hard fork” and Bitcoin Cash.

Dave mined his very first bitcoin back in 2011, and he’s written more than one hundred sixty five stories on Bitcoin and cryptocurrencies since then. You can access this free and special report, right here.

Bitcoin Cash Slumps in Rocky Very first Week Debut

Bitcoin Cash is pushing toward an all-time low Friday after a 30% decline in twenty four hours of trading. However the market capitalization of Bitcoin Cash sits fourth among rival currencies, the downtrend toward the all-time low is a stark reversal to this week’s record high of $727.

The bulk of analysts suggest that Bitcoin Cash’s price was artificially higher than it should have been earlier this week and that the split didn’t favor holders of the currency. Samson Mow, CSO at Blockstream, warned Business Insider that the fresh cryptocurrency may not “get through at prices above $100 in the long term.”

Today, Coinbase announced plans to support Bitcoin Cash, but it has not made any decision on whether it will facilitate the trading of the instrument.

The company said it must probe technical stability, security, and compliance of the fresh cryptocurrency. It said it will support the fork next year, a reversal of its earlier stance.

That said, many Bitcoin Cash owners have not been able to transfer their money out of the exchanges that do not support the fresh cryptocurrency. When that matter is resolved, there could be a situation where the market is flooded by the fresh coin, which could press the price even lower.

Ethereum Prices Budge Lower

Ethereum prices moved lower Friday. Technical signs have pointed toward a more bullish outlook for the cryptocurrency. Ethereum bulls cheered this week’s forecast by Wall Street analyst Ronnie Moas, who predicted that Ethereum would hit $400 by next year.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than two hundred fifty years of combined investing practice – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – produce daily investing tips and stock picks, provide analysis with deeds to take, and reaction your thickest market questions. Our objective is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more certain investors.

Disclaimer: © two thousand seventeen Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world broad web), of content from this webpage, in entire or in part, is stringently prohibited without the express written permission of Money Morning. Sixteen W. Madison St. Baltimore, MD, 21201.

Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher’s promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions voiced in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either voiced or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Digital Currency Prices Today: Bitcoin Cash Price Slumps 30% – The Wall Street Examiner

The Wall Street Examiner

Click here to get instant access to latest

Pro Trader reports of your choice.

ninety Day Trial – Risk Free

Main menu

Sub menu

Subscriber Content – Pro Trader

Subscription Plans

Wall Street Examiner Pro Trader

Latest News and Opinion

Must Read

Here’s What the Latest Fed Resignation Means for Your Money

by Lee Adler • September 7, 2017

You may have heard the news that Fed Vice Chairman Stanley Fischer has resigned, and you’re wondering so what? What does it mean to me and my investments?

Well, I’m no mainstream media pundit, but I have been tracking and writing about the Fed and its influence on the market for a very long time.

So let me give you my perspective on what this resignation does or doesn’t mean.

I’m a data stud, not a political accomplished. I view the world through the prism of what the data tells us about act and reaction, cause and effect, as it applies to monetary and fiscal policy and stock and bond market behavior. However, people make the decisions about those all-important deeds, so to that extent, maybe personalities matter.

Must Read

ECB And Draghi Keep Rates At Zero, Downgrades two thousand eighteen Inflation To 1.2% (To Infinity … And Beyond!)

by Anthony B Sanders • September 7, 2017

The European Central Bank (ECB) President Mario Draghi is mimicking Whirr Lightyear from Pixar’s Fucktoy Story:

Must Read

How the Dow Jones Today Will React to Trump’s Debt Ceiling Deal with Democrats

by Garrett Baldwin • September 7, 2017

The Dow Jones today is commencing the day vapid after President Trump shocked Washington by making a surprise deal with Congressional Democrats on raising the debt ceiling.

Must Read

How to Cash In on the Death of the Fed’s “Effortless Money Market”

by William Patalon III • September 7, 2017

As a writer, a Baltimore dude, and someone who loves horror fiction, I have a special affinity for Edgar Allan Poe, the master of macabre horror tales who wrote some of his best stuff here in Charm City. And one of my absolute favorites was an off-the-radar story called “A Descent into the Maelström.”

Must Read

Is the High Cost of Housing Crushing Wages?

by Charles Hugh Smith • September 7, 2017

Must Read

Retail CMBS-Loan Loss Severity at 49.4% for 2Q (Washington DC Highest Rate of Delinquencies)

by Anthony B Sanders • September 6, 2017

According to Moody’s, CMBS loans backed by retail properties are the worst performing asset class.

Must Read

Why Silver Prices Will Keep Rising from Today’s Five-Month High

by Peter Krauth • September 6, 2017

Silver prices have been unstoppable lately, posting a 5% build up in August and a Two.6% build up already in September.

Today, they even reached their highest level since April 20.

Must Read

(Un)Fortunate Town: US Treasury Bill Curve Collapses On Debt Ceiling Concerns (While Fed’s Stanley Fischer Resigns as Vice Chair)

by Anthony B Sanders • September 6, 2017

Yes, Washington DC is not Bruce Springsteen’s “Fortunate Town.”

Must Read

Global Equity Markets Jittery Amid Worries On Several Fronts

by Jim Wyckoff • September 6, 2017

World stock markets were mostly weaker overnight, on a bevy of concerns in the marketplace.

Must Read

The Storm Is on Its Way – Here’s How You and Your Portfolio Can Weather It

by Lee Adler • September 6, 2017

The LAMPP (Liquidity And Monetary Policy Profits) indicator is little switched this week. It’s hardly on yellow, perched precariously on the razor’s edge of turning crimson.

But there is more than one storm headed our way that will knock our LAMPP into a bright, flashing crimson.

Not only do we have an excellent idea of how the Federal Reserve and the Treasury plan to influence the economy, but the hurricanes that are tearing through the country will have tremendous repercussions as well.

In fact, they could switch everything.

Must Read

Digital Currency Prices Today: Bitcoin Cash Price Slumps 30%

by Garrett Baldwin • August Four, 2017

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.

For digital currency prices today, Bitcoin prices topped the $Two,800 level and shoved toward $Two,900 in the wake of this week’s “hard fork.” Meantime, Bitcoin Cash – the cryptocurrency spun out of the BTC blockchain – plunged more than 30%.

Total market capitalization of the cryptocurrency sector topped $102 billion as volatility resumes to send shockwaves around the globe. The past twenty four hours have seen a 46.5% leap in CloakCoin prices, a 42% build up in Bitdeal, and a 21.9% build up in IOTA prices.

Below is a recap of cryptocurrency prices at twelve p.m. EDT

Liquidity moves markets!

Now that we know all of today’s price movements, here’s what has been moving these cryptocurrencies…

Bitcoin Prices Climb Despite Hard Fork

Bitcoin prices gained more than Four.4% Friday and surpassed the $Two,800 barrier for the very first time since July. The BTC price is on tempo to challenge the $Two,900 level before the weekend starts.

The uptick comes in a somewhat surprising period of stability for Bitcoin. Earlier this week, the “hard fork” of Bitcoin had suggested a short-term bout of volatility and uncertainty. However, a wealth of experts have said that Bitcoin is on rhythm to top $Trio,000 after the activation of Segwit2x, set for Aug. 8.

What Is Bitcoin?

Money Morning Cryptocurrency Experienced Dave Zeiler created a detailed report on the “hard fork” and Bitcoin Cash.

Dave mined his very first bitcoin back in 2011, and he’s written more than one hundred sixty five stories on Bitcoin and cryptocurrencies since then. You can access this free and special report, right here.

Bitcoin Cash Slumps in Rocky Very first Week Debut

Bitcoin Cash is pushing toward an all-time low Friday after a 30% decline in twenty four hours of trading. However the market capitalization of Bitcoin Cash sits fourth among rival currencies, the downtrend toward the all-time low is a stark reversal to this week’s record high of $727.

The bulk of analysts suggest that Bitcoin Cash’s price was artificially higher than it should have been earlier this week and that the split didn’t favor holders of the currency. Samson Mow, CSO at Blockstream, warned Business Insider that the fresh cryptocurrency may not “sustain at prices above $100 in the long term.”

Today, Coinbase announced plans to support Bitcoin Cash, but it has not made any decision on whether it will facilitate the trading of the instrument.

The company said it must explore technical stability, security, and compliance of the fresh cryptocurrency. It said it will support the fork next year, a reversal of its earlier stance.

That said, many Bitcoin Cash owners have not been able to transfer their money out of the exchanges that do not support the fresh cryptocurrency. When that matter is resolved, there could be a situation where the market is flooded by the fresh coin, which could press the price even lower.

Ethereum Prices Stir Lower

Ethereum prices moved lower Friday. Technical signs have pointed toward a more bullish outlook for the cryptocurrency. Ethereum bulls cheered this week’s forecast by Wall Street analyst Ronnie Moas, who predicted that Ethereum would hit $400 by next year.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than two hundred fifty years of combined investing practice – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – supply daily investing tips and stock picks, provide analysis with deeds to take, and response your fattest market questions. Our objective is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more certain investors.

Disclaimer: © two thousand seventeen Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world broad web), of content from this webpage, in entire or in part, is stringently prohibited without the express written permission of Money Morning. Sixteen W. Madison St. Baltimore, MD, 21201.

Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher’s promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions voiced in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either voiced or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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