Tom Lee: Bitcoin Is The Best House in a Tough Market

Tom Lee: Bitcoin Is The Best House in a Tough Market

This Bitcoin-centric bull sentiment has become a common sight in the eyes of investors, with industry leaders like Galaxy Digital's Mike Novogratz and Peter Smith of Blockchain both indicating that they see Bitcoin outperforming the market in the near future.

Second is Ethereum with a market cap of Dollars 38.1 billion.

EOS/USD: EOS remained in a tight range during late European trading hours Tuesday after investors started to overcome the pessimism created by a spam attack, leading to voluminous rise in transactions over the past week. The price of the coin has gone down from its recent high of $8,4000, but what is more concerning is the loss of volume.

The analyst, who has become well-known for his cryptocurrency-related insight, brought attention to the Bitcoin's historical command over the industry, with the asset holding an 80% (or more) market share value for the better part of ten years. More importantly, the price failed to test the 50% Fib retracement level of the last decline from the $7,167 high to $6,139 low. To enable your account and trade these new markets first you must submit the Fiat (USD) Trading Request form.

Altcoins (coins other than Bitcoin) are also well below Friday's closing levels. It is the premier USA -based trading platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices.

This led to panic amongst some traders and it resulted in the Bitcoin price dropping to the $6,500 region.

Moscow slams U.S. sanctions as 'absolutely illegal' while Russian markets tumble
His administration has sanctioned a number of Russian officials and oligarchs for human rights abuses and election meddling. He said the new sanctions amount to "inflicting a punishment in the absence of a crime, in the tradition of lynch law".

XRP current price is $0.340770 with a marketcap of $13,392,208,591.00. One Bitcoin File coin can now be bought for $0.0171 or 0.00000241 BTC on popular cryptocurrency exchanges including Gate.io and Huobi. Soon after the announcement, bitcoin core (BTC) values shaved off $400 in an hour and the currency has lost another $300 in spot value today. The second largest cryptocurrency was trading at $410 yesterday but has lost $40 so far and now trades at $370 per coin.

It has been affected by the recent news that the SEC would not be making any decision on Bitcoin ETF until next month.

In the altcoin markets, things are in a much bigger state of flux with a number of coins breaking the mold and going into the green, such as Ethereum Classic, but there are a number of bigger coins feeling big losses over the last 24 hours, including IOTA and Ripple.

Bitcoin price trimmed most of its last week gains and broke the $7,200 support against the US Dollar.

Over to Ripple or XRP, Ripple has had a fairly good Thursday as it has managed to get a whole 0.35% more today than previously and has built itself up from this week's trading price of $0.320.

Ripple price collapsed below $0.40 and is now holding the $0.32 support. However, after the quick dip, BTC/USD prices moved back up to the $7,140 region for a short period of time.

Related News:

  • Drake concert at Xcel postponed ... again

    Drake concert at Xcel postponed ... again

    New reports claim Drizzy's official - rented - bus went missing last night (August 8) around 3 AM in Kansas City, Missouri. Originally, the tour was scheduled to kick off on July 26 in Salt Lake City, with a stop at the Sprint Center on July 31.
    Overwatch Summer Games 2018 Begin

    Overwatch Summer Games 2018 Begin

    The seasonal sporting event started on August 9, 2018, and it will continue until August 30, 2018. It is free to update, but the skins will cost you.
    High number of Cape Cod mosquitoes with West Nile virus

    High number of Cape Cod mosquitoes with West Nile virus

    Cases generally tend to spike during the summer and fall months, between June and September, when activity is the most common. The Clark County Health Department says routine mosquito sampling by the state found West Nile in Jeffersonville.
  • Redskins rookie RB Guice to miss season with torn ACL

    Redskins rookie RB Guice to miss season with torn ACL

    On Guice's sixth carry of the night, he was tackled from behind and stayed on the ground. Brady, 41, signed a two-year, $41m contract prior to last season.
    Tropical storm warning dropped as Hector passes south of Big Isle

    Tropical storm warning dropped as Hector passes south of Big Isle

    According to AL , Hector is forecast to stay on a westward path and pass 100 to 150 miles south of the Big Island on Wednesday. The center of Hector was projected to pass a few hundred miles south of Oahu and Kauai through early Thursday, the CPHC said .
    NZ dollar barely budges ahead of RBA policy review

    NZ dollar barely budges ahead of RBA policy review

    A further gradual decline in the unemployment rate is expected over the next couple of years to around 5 per cent. This is largely due to reduced demand by investors as the dynamics of the housing market have changed.
  • Omarosa Claims She Walked In On Trump Eating Paper In Oval Office

    Omarosa Claims She Walked In On Trump Eating Paper In Oval Office

    Another White House official confirmed that Manigault Newman brought Cohen into the White House and was later rebuked for it. According to Omarosa , Trump referred to George Conway , who is half Filipino, as a "Flip" and a "Goo-goo".
    Magic Leap One To Launch Today

    Magic Leap One To Launch Today

    The company said it will soon release a prescription lens insert for the headset, customized based on eyeglass prescriptions. Magic Leap One is a spatial computing system similar to Microsoft HoloLens .
    Manchester United vs. Leicester City live stream info, TV channel

    Manchester United vs. Leicester City live stream info, TV channel

    Pochettino added: "I am happy to keep all the squad together, there were many rumours during the summer about players out". The England World Cup hero only returned to training on Monday but is still in line to start.
  • Bethenny Frankel’s On-Again, Off-Again Boyfriend Dennis Shields Dead From Suspected Overdose

    Bethenny Frankel’s On-Again, Off-Again Boyfriend Dennis Shields Dead From Suspected Overdose

    Dennis Shields , 51, was found unconscious and unresponsive in his Trump Tower apartment on Fifth Ave.in Midtown around 10 a.m. Frankel and Shields first began dating in 2016, after having known each other for 30 years. "We are all heartbroken".
    Samsung Galaxy users get early access to Fortnite on Android

    Samsung Galaxy users get early access to Fortnite on Android

    The Korean giant unveiled the device at its Unpacked event in NY on Thursday alongside the company's new Galaxy Note 9 smartphone. Meanwhile, Apple Inc managed to sell more of its $1,000 iPhone Xs in the June quarter and regain some favour in China.
    Ryanair strike: One in six flights cancelled in pilot walkout

    Ryanair strike: One in six flights cancelled in pilot walkout

    A spokesman said that despite the walkouts, 85% of Ryanair's scheduled flights, more than 2,000, would operate as normal. Pilots in the Netherlands, Belgium, Sweden and Ireland also joined in the action.


Most liked

Everton sign Barça's Mina and Gomes, Shakhtar's Bernard
However after the initial loan Southampton will have an obligation to buy the Englishman for £20 million. Moments later they also confirmed that Portugal global Gomes would join the Premier League side on loan.

Endangered orca that sparked international rescue plan gets first treatment
A mourning mother whale continues to carry her dead half calf for over two weeks, which scientists say is part of her grieving. Researchers spotted the 20-year-old whale and the calf off of Washington's Olympic Peninsula on Wednesday, the station says.

Orlando Magic will play Chicago Bulls, Utah Jazz in Mexico City
It will be interesting to see how these games fit into the larger schedule. Season ticket holders will be reimbursed the price of those two games.

'Namaste, Welcome to India': Urban Ladder greets IKEA with this sweet message
In the next phase, IKEA would cover Ahmedabad, Surat, Pune, Chennai and Kolkatta. Ikea officials promise there is something that everyone can buy for their homes.

Kylie Jenner hosts Friends & Family for her 21st Birthday
The Kardashian and Jenner girls got seriously sassy in a new group photo showing them all flipping off the camera. The " Life of Kylie " star has gotten a head start on her birthday celebration.

Dez Bryant To Visit This Team Among Stops On Looming Free-Agency Tour
The back and forth between the Cleveland Browns and wide receiver Dez Bryant got a little weird on Thursday. Some reports have said Bryant had no interest in Cleveland, other reports said the Browns weren't sure.

Kanye West's awkward silence while defending Trump on 'Jimmy Kimmel'
Kanye West was silent when it comes to whether he thinks President Donald Trump cares for black people. When pressed about Trump's policies and how West once said that President George W.

Samsung sinking $22 billion into artificial intelligence, auto tech
Samsung's target is to provide support for 300 external candidates and 200 internal projects in the next five years. A total amount of 110 billion won will be raised for the program, with Samsung accounting for 60 billion won.

Transfer: Manchester United in talks to sign Chelsea defender
Everton were linked with a deadline day loan swoop for Chelsea's Premier League youngster Kurt Zouma , but the transfer window has now closed.

Paul Merson claims Liverpool FC need key signing to win the title
Karius followed that up with a tumultuous pre-season and another comical error against Tranmere Rovers in a friendly. In the last few years I sat here and had to defend our transfer behaviour: that we sold more than we brought in.

Facebook Introduces Augmented Reality Games to Messenger Video Chat
Asteroids Attack sees you control a spaceship with your nose and moving your head around the screen to avoid asteroids. Facebook is one of these companies that are trying up their game by introducing new technology to its users.

James Bond producers eyeing Idris Elba as next 007
In Pacific Rim , Idris Elba displayed the commanding presence required of James Bond . James Bond 25 will be directed by Danny Boyle and was written by John Hodge.

Multiple Fatalities in Shooting in Fredericton, New Brunswick
At least four people were killed in an early morning shooting in Fredericton, Canada , on Friday, Aug. 10, 2018. Canadian police say there are "multiple fatalities" in an shooting in the city of Fredericton in New Brunswick.

Erdogan warns of campaign against Turkey as lira plummets
Adding to emerging market currency woes was the Russian rouble, which weakened to 67.12 to the dollar. Despite the widespread flight to safe-haven assets, spot gold fell 0.2 percent to $1,210 per ounce.

Mina, Gomes deals confirmed as Everton complete Barca raid
Mina and Gomes join former team-mate Lucas Digne at Goodison, following his move £20m move from Barcelona earlier in the window. Portuguese midfielder Gomes, 25, will join on a season-long loan at a cost of 2.25 million euros for the English club.