-Bitcoin news, price, information & analysis The falling knife seems to have hit something solid as we enter the weekend in crypto land. The bears are having the day off and market capitalization has halted at just above $265 billion as further losses are on hold for now.
Bitcoin has found support above $7,400 and is trading 1% up on the day to $7,470. Falling below $7k will be critical for BTC and it needs to hold above it for any hopes of a recovery.
Ethereum has also recovered a little today, up 2% to just below $420. Altcoins are mostly green and clawing back small gains from big losses over the past week.
According to Coinmarketcap there are two way out in front at the moment and they are Ethereum Classic and Tezos. ETC is currently up 14% on the day to $16.60, over the week it has regained all losses and it is back to the same level it was this time last month.
Against Bitcoin Ethereum Classic is up 12.7% to 222500 satoshis. A Coinbase blog post yesterday has caused the spike; “Today our engineering team is beginning final testing of support for Ethereum Classic (ETC) on Coinbase. Read more from newsbtc.com…
thumbnail courtesy of newsbtc.com