Market Review. Results of the Day. 07/07/2018
July 9, 2018
Main cryptocurrencies continued to move within a short-term growing trend. BTC is trading just below a resistance level of $6,700-$6,800. EOS is trying to break through a support level of $8.50.
BTC $6,707.31. Support level is $6,500.
ETH $478.07. Support level is $460.
XRP $0.47678. Support level is $0.475.
EOS $8.4802. Support level is $8.50.
BCH $744.40. Support level is $725.
Fundstrat analyst Tom Lee said, that he overestimated Bitcoin and lowered his forecast from $25,000 to $22,000. He noted, that the price of the cryptocurrency must be at least twice as high as the cost of mining.
YouTube is now a defendant in a class action suit against Bitconnect.
One of the largest European cryptocurrency exchanges SIX Swiss Exchange announced the start of the development of a blockchain platform, that would allow to tokenize financial assets.
Facebook's Director of Engineering Evan Cheng moved to a new position within a company. He has become a Director of Engineering, Blockchain. Cheng will consult on several blockchain projects, such as
CBOE wants to launch a Bitcoin ETF.