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.
Below 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.
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.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.