Bitcoin is now struggling to keep its head above the $7,000 watermark, following a bad weekend which saw the world's number one cryptocurrency, in terms of market cap, shed about 10 billion in value in just a couple of days. During the last week, Bubble has traded down 6.7% against the dollar. One X2 coin can now be bought for approximately $0.0002 or 0.00000003 BTC on major exchanges.
The daily chart of BTC/USD indicates that the price broke the 50% Fibonacci retracement level of the last significant upward move from the $6,096 low to $8,510 swing high. Ripple may now slowly trade all the way back down to the $0.20 level where we would then reevaluate the token's prospects. During the last seven days, has traded flat against the dollar.
Namecoin (NMC) traded down 5.4% against the dollar and now trades at $1.91 or 0.00030197 BTC.
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Binance Coin (BNB) traded up 0.5% against the dollar and now trades at $13.59 or 0.00194718 BTC.
Terracoin (TRC) traded down 1.5% against the dollar and now trades at $0.0729 or 0.00001154 BTC.
NEO (NEO) traded 5.2% higher against the dollar and now trades at $28.04 or 0.00393573 BTC.
CHIPS (CHIPS) traded 23.9% lower against the dollar and now trades at $0.0663 or 0.00001060 BTC.
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0x (ZRX) traded up 1.7% against the dollar and now trades at $0.96 or 0.00013773 BTC.
Although bitcoin went through a 7.5 decline, Polymath, Bitcoin Private, Pundi X, VeChain, Ark, Aelf, Decentraland, ICON, WanChain, Ontology, and WaltonChain, tokens with active developer communities that have shown strong movement during the first and second quarter of 2018, recorded declines of 10 to 30 percent in the past day. Its launch date was August 1st, 2017.
Bubble's total supply is 768,753 coins. Bitcoin Cash's official Twitter account is @bitcolncash and its Facebook page is accessible here.
However, it could just be a case of what goes up, must come down; indeed, the entire cryptocurrency market has been on a general downtrend for most of 2018 after Bitcoin reached a high of almost $20,000 in January. The company was only partnering with Bakkt to allow users to convert cryptocurrencies into USA dollars which could be used at Starbucks.
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