Cryptocurrency Trading News Today: The Bitcoin Price Pulls Back from Record Highs

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.

In cryptocurrency trading news today, the big story in the digital currency world was the slight pullback in Bitcoin prices.

Despite the pullback, we still have some good news for you…

According to CoinDesk, Fidelity is partnering with Coinbase to allow users to track Bitcoin and other cryptocurrency investments in their portfolio. This is the latest step by mainstream companies to try and enter the emerging digital currency market.

Cryptocurrency Trading News TodayBelow is a recap of cryptocurrency prices at 1 p.m. EDT…

Bitcoin: $3,311.90, -2.16%

Bitcoin Cash: $324.37, -7.62%

Ethereum: $289.53, +0.19%

Ripple: $0.182, -1.80%

Litecoin: $48.25, +4.29%

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

Bitcoin Prices Today Fall After Record Highs

Bitcoin prices pulled back Wednesday morning as broader markets remained on guard regarding the ongoing tensions in the Korean Peninsula.

Bitcoin gave up a little bit of its gains as more money went into other alternative safe havens like gold and silver.

Must Read: The Ultimate Guide to Profiting from Bitcoin – Free Report

However, there are new price predictions that are very optimistic…

According to an interview with Business Insider UK, Harvard academic and Bitcoin investor Dennis Porto forecast that Bitcoin had upside of $100,000 by 2021.

Bitcoin Cash Slumps Again

Bitcoin Cash continued to face volatility a week after the hard fork created the new currency.

Prices have been on a roller coaster since falling from $756 to $200 last week.

Ethereum Prices Tick to 30-Day High


What Is Bitcoin?

Ethereum prices pushed higher as the cryptocurrency capitalized on the downturn in Bitcoin. Ethereum pushed to a 30-day high of $314 and brought its market capitalization within range of $28 billion.

The price has gained more than $100 over the first nine days of August.

Ripple Prices Dip After Bitcoin Slide

Ripple prices followed Bitcoin lower on Wednesday, but there wasn’t any major news for this particular cryptocurrency.

Litecoin Prices Climb Despite SegWit Support

Litecoin prices climbed today as the Bitcoin community supported SegWit.

The uptick came despite news that Bitcoin had activated the very code upgrade that had helped fuel Litecoin’s remarkable run.


To get full access to all Money Morning content, click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors.

Disclaimer: © 2017 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 wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The post Cryptocurrency Trading News Today: The Bitcoin Price Pulls Back from Record Highs appeared first on Money Morning – We Make Investing Profitable.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am 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 I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed 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 expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.