Digital Currencies 08.11.17

Bitcoin was highlighted on CNBC where the Bitcoin enthusiast set a target of 25,000 to 50,000 USD per coin, see it here

BTC is trading around 3,575 USD and has had a steady ascent over the past week of 26%
*BTC chart here

BCH (Bitcoin Cash) seems to be continuing its wild ride, investers/traders still are uncertain of its future, as it has become another spinoff of Bitcoin. Current price is around .09 BTC. It is down 5% on the week, but up 12.8% on the day. It's intraday high peaked at .1 BTC
*BCH chart here

ETH (Ethereum) had a boost with other altcoins, which saw it peak at .094 BTC, since then it has had a pull back and is currently trading around .084 BTC or 300 USD. On the day it is down about 5% *ETH chart here

ZEC (Zcash) had a nice little bump from ~.062 BTC ON 08.07, surged up to .075 BTC (08.08), but has erased almost all of its gains leaving it at a current level of .064 BTC
*ZEC chart here

LTC (Litecoin) although a one week chart has LTC down 13% against BTC has seen a stable trading range against the USD ranging from 40 -50 USD.
*LTC chart here

Data from coinmarketcap shows that most of the top 20 cryptocurrencies have been on an uptrend over the past week, with BTC's market cap at 58 billion USD, and Eth at 28 billion USD. BCH is just over 6 billion USD.

This weekend should be quite interesting since digital currency markets never close.

Comments

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