Published On: Fri, Jul 22nd, 2016

Is Ethereum Wounding the Bitcoin Price’s Ascent?

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Bitcoin has suffered another drop. Falling $13 since our last price piece, the digital currency now hovers around $666 at press time (sorry to all you religious people out there).
Also read: Bitcoin Price Prepping for Bull Run Due to Regional Influence
One source explains:
“Bitcoin price looked to be advancing only to bump against the resistance ceiling. How to trade in the coming days (or weeks) is dependent on how the market negotiates $680.”
In our last report, bitcoin was priced a $679, and as the source clearly explains, was on the verge of hitting $680, but now such a move has failed to take place.
Several occurrences could ultimately decipher what bitcoin will do next and whether it moves north or south. On the positive side, there are several regional factors that we must take into account. Bitcoin and digital currency, in general, is earning quite a reputation in Latin America. Recently, the region was introduced to Dash services by way of TigoCTM, a crypto-teller machine which has “added Dash to its roster of cryptocurrencies.” Customers in Latin America will now be able to sell and purchase Dash like they would bitcoin.

Currently, drops in national currency value …

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