The price of Ethereum and bitcoin have declined in the past two days, with the bitcoin price reashing another time $5,700 after the crash of the past week, and the price of Ether dipping below the $300 again .

Advertisement :

After that the price of bitcoin crashing to $5,300 due to the Bitcoin Gold hard fork, over the past 24 hours, the price of bitcoin hs go back to be traded around 5700 USD.

USD/ETH chart from bittrex

Like bitcoin after the disappointing release of Bitcoin Gold, Ethereum was expected to sustain its upward momentum in the mid-term subsequent to the Byzantium hard fork. But, primarily affected by a series of minor corrections of the cryptocurrency market, the price of Ether has struggled to surpass the $300 mark in the past week.

Advertisement :

USD/BTC from bittrex

The majority of investors and traders were seeking to avoid the Bitcoin Gold hard fork because it had lacked strong replay protection before the fork, which is necessary for bitcoin wallets and exchanges to credit users with Bitcoin Gold on a 1:1 ratio with bitcoin. But, even after the fork, the Bitcoin Gold development team has failed to deliver on their promise and have not implemented any sort of replay protection.

Advertisement :

I think that with my little expereince into the crypto market indstry, what we see now is just a small correction, all the major crypto currency like : Litecoin, ethereum and bitcoin will start another uptrend movement, but now, because now people are cashing out their profits from the last surge of the price of bitcoin, the sell are huge and the demand on crypto decline compare to the past few days, this is very normal .

Advertisement :

I don’t see another all time high price for the bitcoin in this month in the next month and the month of december, maybe we will see a new all time high price by the next year .

Advertisement :

Read also :

bitcoin price storms to 5955 after the crash of yesterday why ?

if you like and you appreciate our work and you want us to improve our work you can send donations to this address :

Litecoin donation address : LMPwEAkz2zZZ4A6awiGjvFc3KHzGo5wonR

Bitcoin donation address : 1Gzcea47uz9ZMspEa9f17oPJtA2m8oc5Pe

Ethereum donation address : 0xF4C9a834Afa79CCB6481255889EEa3E28296685C