[2018-03-16] - BTC, ETH See Small Growth After Yesterday’s Fall To Monthly Lows

[Hannahanto]

https://cointelegraph.com/news/btc-eth-see-small-growth-after-yesterdays-fall-to-monthly-lows

After a drop in the crypto markets yesterday that brought Bitcoin’s (BTC) price down below $8,000 for the first time in over a month, the two biggest coins listed on Coin360, BTC and Ethereum (ETH) have seen slight growth today.

BTC is currently trading around $8,504, up around 2.90 percent over a 24 hour period by press time. ETH is up around one percent by press time, trading for around $617.

Ripple (XRP), which is ranked third on CoinMarketCap, is up by the smallest amount of the top three strongest coins. XRP is trading now for around $0.69, up 0.42 percent over a 24 hour period to press time.

How do you look at it? When the correction is going to end?

[warrior333]

It seems to me that the rise in prices has just begun. In recent days, the reason for the fall in prices has been discovered. This is a large number of sold bitcoins and bitcoin in cash on exchanges after the ruin of the Japanese exchange. I am sure that the Manager will be suspended from access to coins and now this asset will be sold only at auctions. He will not put pressure on prices and we are waiting for a big rise in prices.

[Leyss]

We all hope that in the near future bitcoin and the majority of altcoyins will finally begin to rise in price and the crypto currency market will revive. I do not see any objective reasons for the further drop in the bitcoin rate. After the new version of bitcoin was released with the full implementation of SegWit, bitcoin is gradually restored in its functionality. There are also no bad news that would influence his course. Perhaps, with this small growth, a big rise in the crypto currency will begin?

[Vitnatin]

We all hope that in the near future bitcoin and the majority of altcoyins will finally begin to rise in price and the crypto currency market will revive. I do not see any objective reasons for the further drop in the bitcoin rate. After the new version of bitcoin was released with the full implementation of SegWit, bitcoin is gradually restored in its functionality. There are also no bad news that would influence his course. Perhaps, with this small growth, a big rise in the crypto currency will begin?

I found the price of the major coins has recovered. The bitcoin is about 8500 and the Bitcoin Cash is 1040.

[Kemarit]

To be honest, I'm quite surprise to see all major coins bounce back because before I take I nap, I saw bitcoin around $8200 so its a good sign that investors are finally pouring in cash in the market again. I think everyone really understands as to what is happening in the last 3 months (Mt. Gox trustee dumping) and they realized that there will be no significant dump up until September. And there was one positive news, Lightning Network goes live and with funding from big companies such as Twitter, Tesla and Space X. Although the G20 summit remains another critical factor, it could be until next week before we all know what's the common response will be. I hope that we still get a positive results from the meeting so that the price could at least test the 5 digits once more and see how it goes.