Bitcoin price (BTC) hit the $9700 resistance level early in Wednesday trading before losing all the gains in the next few hours. Traders profit-taking-strategy and the downtrend in U.S. stock markets hindered the bull-run in Cryptocurrency markets.
The majority of digital currencies are in the red today. Bitcoin Cash (BCH) and IOTA (MIOTA) are among the most prominent losers among the top ten crypto coins.
Source Image: coinmarketcap.com
Market pundits are blaming bearish trends in the U.S. stock market for the selloff in cryptocurrency prices. The Dow Jones industrial average ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
This post first appeared on CryptoCurrency News | Breaking Crypto News, Prices & Analysis, please read the originial post: here