bitcoin price today: Bitcoin jumped nearly 3 percent to cross the $121,000-mark for the first time ever on July 14. The world’s largest cryptocurrency has more than doubled investors’ wealth in one year, gaining over 103 percent during the period.
Ethereum
Ethereum could decline if it closes below $2,359 level
Ethereum price declined almost 11% on Monday. It continued its downtrend the next day and retested its daily support level at $2,359. At the time of writing on Wednesday, it hovers around $2,486 level.
Bitcoin Is Failing As Currency
Gold Silver Reports (GSR) – The only way to value the likes of Bitcoin correctly is to recognise that it’s a speculative investment and not a currency, said Damodaran who is known for his work on valuing companies and understanding stock investments. “If you put the currency in pocket and you forget about it for a year then at the end of the year if you put it out then it shouldn’t have lost half its value.”