Bitcoin price & Altcoin analytics

In recent days, the Ethereum price stopped declining. A few days ago, ETH/USD exchange rates were at around $11.0. Today Ethereum rose slightly, but it still can’t make a bigger jump.

Unlike other cryptocurrencies, DASH  managed not only to recover from the shocks caused by problems at the Bitfinex cryptocurrency exchange, but DASH’s price also showed significant growth, ending the week with the highest rates for the last 90 days.

Over the weekend, the price of Bitcoin has risen up to $592 and continues to grow. Buyers have resumed buying Bitcoin, but the situation is still under the control of sellers.

Last week was a turning point for the price of Bitcoin, as it dropped sharply by almost $100. And we can’t expect a rapid recovery of the price soon.

Dogecoin’s price has declined for two months already. A small rebound is not strong enough to change the downtrend. Moreover, while most cryptocurrencies fall, buyers pay attention to DOGE least of all.

Because of the hack of the Bitfinex exchange on August 2, all cryptocurrencies this week fell. Litecoin’s price fell to the lowest level of the month, but a day later it began recovering as did the other cryptocurrencies.

Yesterday, all trading on the cryptocurrency exchange Bitfinex was stopped, money withdrawal and digital deposits were also frozen.

On August 2, 2016 18:16 UTC Bitfinex, Bitcoin and Altcoin exchange announced that it is dealing with a security breach that affects some of its Bitcoin wallet balances. Trading on Bitfinex is halted as well as Bitcoin and Altcoin withdrawals and deposits.

This week the Ethereum price is testing new lows every day. The reasons for the general decline of all cryptocurrencies and problems in the Ethereum network.