Cryptocurrency Market Review, December 7: Bitcoin Hits The Bottom

Today, on Friday, December 7, Bitcoin and other major cryptocurrencies continued the drop, while Bitcoin SV gained momentum.

Bitcoin confidently drops to the forecasted level of $3000. Over the past 24 hours, a major cryptocurrency lost 11% in value, dropped to $3 433,45. BTC Market cap decreased to $59 779 445 647B.

XRP could not survive the sell-off pressure and lose 10.35% in value. The current XRP price is $0,3051.

Ethereum hit its minimum of $100 and dropped to $87,35, by losing 15.48% over the 24 hours.

Stellar plunged by 16% and stopped on $0,1149 level.

Bitcoin SV demonstrated a significant growth and increased its value by 17.68%. At press time, the BSV price is $107,15.

A rival of BSV, namely Bitcoin Cash (Bitcoin ABC) reported a hard drop, by slumping 16% to $105,55.

EOS cannot survive the reality of the bear market, a cryptocurrency price dropped to $1,74 ( -20,81%)

The total market cap is $108 231 971 591B. Bitcoin dominance is 55.1%.

A massive sell-off due to the Bitcoin Cash hard fork continues damaging the market. Top-10 cryptocurrencies lost 90% over the last year.

The U.S. Securities and Exchange Commission (SEC) posted an update on Thursday regarding the approval process for a bitcoin exchange-traded fund (ETF).

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change,” Eduardo A. Aleman, assistant secretary in the SEC, said in the release.

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