Tom Lee: "Bitcoin Is The Best House In A Tough Neighborhood"

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Bitcoin or BTC has managed to pull back up after some recent dips in market price on Wednesday, these slight lows affected the whole of the crypto exchange and were not exclusively focused on BTC.

Investments are on the depending which not exactly into the hands of people for the sake of money, Cryptocurrencies built on the decentralized peer to peer networking and also become the de facto standard for exchanging. EOS price a week ago was $7.30 but it kept declining and now trades at $6.08.

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Bitcoin prices started to recover during European session Tuesday after Tom Lee, the Head of Research at Fundstrat Global Advisors remained bullish on the cryptocurrency. During the last seven days, Bitcoin File has traded 156.2% higher against the dollar. It dropped below $6,000 at the end of June - its lowest value all year, according to Coindesk.

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In an interview with Block in Press from South Korea, Michael Arrington, founder of TechCrunch and the Partner Arrington XRP Capital, stated that XRP (XRP) outperforms Bitcoin (BTC) and Ethereum (ETH) regarding transactions.

Coin.ph users can already pay different bills with Bitcoin, Ethereum or Bitcoin Cash. ETH/USD tumbled by more than $50 this week and traded below the $400 and $380 support levels. At this time last week, Bitcoin was trading around $7,636 but has now dropped to its current level at $6,532. This indicates that the overall demand for Bitcoin is down and it will no doubt affect the price further. The top currency swapped for BCH today is tether (USDT) with 54 percent of today's BCH trades.

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The reasons behind Bitcoin's recent bearishness remain unclear; in fact, many were optimistic about the coin's future last week for a few reasons. Now the 100MA and 200MA gap is much smaller on the BCH/USD 4-hour chart and it looks like the two may cross hairs soon. The price per BCH was United States dollars 640.38. The price fell from $7,142.03 to the low of $6,456.10. If they do cross hairs, this means the path towards the least resistance would be the upside but for now, it remains on the downside.

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