The price of bitcoin is down more than 9 percent durring the two past today, continuing losses that began after the cryptocurrency surge on 7500 USD .

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Markets have fallen to as low as $6,475.40 and was traded between 6400 To 6500 USD across Global exchange service , according to the CoinDesk Bitcoin Price Index (BPI), the lowest level reported since Nov. 1, when they traded between $6,357 and 6400 USD .

At press time, bitcoin is trading at $6,567.86.

BTC/USD chart from Bittrex

The price decline is in contrast with the gains seen today in the market for bitcoin cash, which according to CoinMarketCap is up more than 43% in the past 24 hours.

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At press time, Bitcoin cash is trading at roughly $882 on Bithumb, the largest exchange by trade volume for that cryptocurrency.

Bitcoin show a huge potential of profit for a short term period of trading around 5 month to 6 month, if you have invest durring the past month into Bitcoin Cash it will be the best moment to cashout your profit .

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Ethereum lose in today trading :

ETH/USD chart from Bittrex

the ethereum price climbed past $325, the culmination of a seven-day double-digit rally. However, the ethereum price reversed course on Friday and began to sink back down toward $300 — a mark that has exerted an intense magnetic pull on ethereum in recent weeks. At present, the ethereum price is $306, which translates into a $29.3 billion market cap.

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Now ethereum is traded from 296 to 300 USD at press time .

Altcoin Decline today :

The ripple price declined 4%, reducing its market cap to just over $8 billion. Litecoin dipped by 3% but nevertheless managed to hold above $60. The dash price limited its skid to 1% and is currently trading near $326. NEO and monero each dropped by more than 8%. NEM and Ethereum classic, on the other hand, joined bitcoin cash in its rally, with each posting gains of 3%., also majors Bitcoin markets pairs have record a lose today due to the decline of the price of Bitcoin .

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In my analyse, i think that, there is two main facotrs that has lead bitcoin price to decline, the first the of the canalling of segwit hardfrok what push people and traders that buy bitcoin to get bitcoin segwit to sell it , the reduce of the tension between north korea and Usa what push investors that have invest into bitcoin to protect their holdings of USD to convert their Bitcoin to usd .

Read also

The price of bitcoin drop below 7000 usd : are we into another bitcoin price correction

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