Cryptocurrency Trading News Today: The Bitcoin Price Pulls Back from Record Highs

In cryptocurrency trading news today, the big story in the digital currency world was the slight pullback in Bitcoin prices.

Despite the pullback, we still have some good news for you...

According to CoinDesk, Fidelity is partnering with Coinbase to allow users to track Bitcoin and other cryptocurrency investments in their portfolio. This is the latest step by mainstream companies to try and enter the emerging digital currency market.

Cryptocurrency Trading News TodayBelow is a recap of cryptocurrency prices at 1 p.m. EDT...

Bitcoin: $3,311.90, -2.16%

Bitcoin Cash: $324.37, -7.62%

Ethereum: $289.53, +0.19%

Ripple: $0.182, -1.80%

Litecoin: $48.25, +4.29%

Now that we know all of today's price movements, here's what has been moving these cryptocurrencies...

Bitcoin Prices Today Fall After Record Highs

Bitcoin prices pulled back Wednesday morning as broader markets remained on guard regarding the ongoing tensions in the Korean Peninsula.

Bitcoin gave up a little bit of its gains as more money went into other alternative safe havens like gold and silver.

Must Read: The Ultimate Guide to Profiting from Bitcoin - Free Report

However, there are new price predictions that are very optimistic...

According to an interview with Business Insider UK, Harvard academic and Bitcoin investor Dennis Porto forecast that Bitcoin had upside of $100,000 by 2021.

Bitcoin Cash Slumps Again

Bitcoin Cash continued to face volatility a week after the hard fork created the new currency.

Prices have been on a roller coaster since falling from $756 to $200 last week.

Ethereum Prices Tick to 30-Day High


What Is Bitcoin?

Ethereum prices pushed higher as the cryptocurrency capitalized on the downturn in Bitcoin. Ethereum pushed to a 30-day high of $314 and brought its market capitalization within range of $28 billion.

The price has gained more than $100 over the first nine days of August.

Ripple Prices Dip After Bitcoin Slide

Ripple prices followed Bitcoin lower on Wednesday, but there wasn't any major news for this particular cryptocurrency.

Litecoin Prices Climb Despite SegWit Support

Litecoin prices climbed today as the Bitcoin community supported SegWit.

The uptick came despite news that Bitcoin had activated the very code upgrade that had helped fuel Litecoin's remarkable run.

Up Next: What's the Best Cryptocurrency to Invest in Today

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About the Author

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

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