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Bitcoin (BTC) Falls by More than $200 over 7 Hours; May close Near $11,520

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  • Bitcoin has shown five huge price variations in the last 7 hours.
  • The closing price may get as high as 11,520 USD.

Bitcoin’s latest growth has attracted a huge number of speculators and short-term traders. The unprecedented ups and downs have given huge space and opportunities of the short-term traders to make returns. Here is an analysis of Bitcoin’s price movement in the last 7 hours to educate the traders about the price trend and possible price trend. The coin has shown huge price variations in these seven hours, but the short-term outlook stays bullish for Bitcoin. Let us look at the current details of the coin.

BTC Price Statistics-

Bitcoin Price Chart - 3 July
Bitcoin Price Chart
Bitcoin (BTC) 03rd July 09:31 UTC
Rank 1st
ROI (Return on Investment) 8,077.90%
Coin Circulation 17,795,075 BTC
Market Cap 196,903,334,484 USD
Value in USD 11,100 USD
All-Time High 20,089 USD
24h Volume 31,162,387,167 USD

BTC to USD Price Comparison-

Bitcoin has shown five major price swings in these seven hours. The first swing is a fall of 1.87% in which the coin lost 211.80 USD. It was followed by a slight increment of 279 USD or 2.51% over the next 1 hour and 3 minutes. Then again between 04:59 UTC and 05:33 UTC, the coin gained a whopping 2.74% or 308 USD, and after this hike, the coin fell down by 2% losing 231 USD. The latest swing was an abrupt and steep fall of 4.29% and the coin lost 492 USD during this fall, which lasted about almost 1 hour and 40 minutes.

Bitcoin Price Comparison-

As per our prediction, Bitcoin is likely to have a bullish short-term price movement. The coin may reach 11,520 USD by the time Bitcoin closes for the day.

Conclusion-

Investors need to trade cautiously, keeping the probable closing price in mind. Bitcoin is likely to show much more volatility in the market in the coming times.

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Crypto News

Global Cryptocurrency Achieves Market Cap of $2.19 Million (GCC)

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Global Cryptocurrency (CURRENCY:GCC) traded down 8.9% against the U.S. dollar during the one day period ending at 0:00 AM ET on December 7th. Global Cryptocurrency has a total market capitalization of $2.19 million and $737.00 worth of Global Cryptocurrency was traded on exchanges in the last day. During the last seven days, Global Cryptocurrency has traded 10.2% lower against the U.S. dollar. One Global Cryptocurrency coin can now be purchased for approximately $0.0017 or 0.00000023 BTC on exchanges including Cryptopia and C-CEX.

Here is how similar cryptocurrencies have performed during the last day:

  • Litecoin (LTC) traded 0.5% lower against the dollar and now trades at $45.66 or 0.00608380 BTC.
  • UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $0.91 or 0.00012178 BTC.
  • Dogecoin (DOGE) traded down 0.6% against the dollar and now trades at $0.0022 or 0.00000030 BTC.
  • Bytom (BTM) traded 2.4% lower against the dollar and now trades at $0.0792 or 0.00001055 BTC.
  • Verge (XVG) traded 1.8% higher against the dollar and now trades at $0.0044 or 0.00000059 BTC.
  • NEXT (NET) traded up 1% against the dollar and now trades at $0.78 or 0.00010321 BTC.
  • TTC Protocol (TTC) traded 5.3% lower against the dollar and now trades at $0.0992 or 0.00001073 BTC.
  • Syscoin (SYS) traded up 2.9% against the dollar and now trades at $0.0226 or 0.00000301 BTC.
  • Matrix AI Network (MAN) traded 8.3% lower against the dollar and now trades at $0.0554 or 0.00000737 BTC.
  • Polymath (POLY) traded down 0.2% against the dollar and now trades at $0.0223 or 0.00000296 BTC.

Global Cryptocurrency Coin Profile

Global Cryptocurrency is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was June 25th, 2015. Global Cryptocurrency’s total supply is 1,657,729,396 coins and its circulating supply is 1,267,482,828 coins. The Reddit community for Global Cryptocurrency is /r/GCCProject and the currency’s Github account can be viewed here. The official message board for Global Cryptocurrency is www.thegcccoin.com/community. Global Cryptocurrency’s official Twitter account is @GuccioneCoinGCC and its Facebook page is accessible here. The official website for Global Cryptocurrency is www.thegcccoin.com.

Global Cryptocurrency Coin Trading

Global Cryptocurrency can be purchased on the following cryptocurrency exchanges: Cryptopia and C-CEX. It is usually not currently possible to buy alternative cryptocurrencies such as Global Cryptocurrency directly using U.S. dollars. Investors seeking to acquire Global Cryptocurrency should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Global Cryptocurrency using one of the aforementioned exchanges.



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