Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, fell 1.8 percent to $17,389.6. Its market value stood at $334.9 billion. The trade volume was at $19.8 billion.
After following a five-week’s high above the $18,000 level on Wednesday, Bitcoin slipped with increasing selling pressure on Thursday. Bitcoin’s support is currently at $17,100, and its resistance is at $17,550. Until Bitcoin is above $18,000, bears may have more influence than bulls,” said Edul Patel, CEO and Co Founder of Mudrex.
Ethereum | The second largest virtual currency, Ethererum or Ether, too fell 1.7 percent to $1,269.6 with a market capitalisation of $155.5 billion. The trade volume of Ethereum was $5.3 billion in the last 24 hours.
On Ethereum, Patel said, “Ethereum’s support is at $1,150, and its resistance is at $1,350, which could attract buyers back to the market.”
