Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 11
Unlike 2017, the rallies in most major cryptocurrencies this year has been subdued. We believe that they are forming a bottom, which can take anywhere from a few weeks to a few months.
During this process, the price will remain volatile as the bulls, and the bears battle it out to establish their supremacy. The supportive news will see prices move up while adverse news can lead to a decline.
The latest set of news that influenced the decline for most cryptocurrencies is the investigation of South Korean exchange Upbit by the country’s Financial Supervisory Commission (FSC) and liquidation of Bitcoin by the executives in charge of refunding users affected by the collapse of the former Japanese exchange Mt.Gox.
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https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-iota-eos-price-analysis-may-11