Cryptocurrencies are attempting to claw back Tuesday’s losses with the No. 1 digital currency trading back above $9,000.
It has been a quiet start to the week for bitcoin which has traded inside a $500 range. The critical levels for bitcoin are the April 14-15 highs around $8,500 and the $10,000 psychological level, which is the current 200-day moving average ($9,976).
Bitcoin Cash on the march. again
The move is a continuation of the early April run higher, which saw the price double in the space of ten days, beginning April 12. “It began with the integration of Bitcoin Cash as a payment mechanism,” said Charles Hayter, co-founder of CryptoCompare. “Now it’s a PR game.”
The battle pits Bitcoin Cash against bitcoin and could be heading to the courts. A lawsuit was filed against bitcoin.com owner Roger Ver, who promotes Bitcoin Cash. Ver is accused of misleading users into buying Bitcoin Cash by using ambiguous terminology on its website.
Although I think it's wrong for people to claim that Bitcoin Cash is Bitcoin or for Roger and https://t.co/VKB9ZGgQk8 to mislead users with stuff like "Bitcoin (BCH)" and "Bitcoin Core", I do not think it's anything illegal. So this lawsuit is stupid IMO.https://t.co/DscX56mmnF— Charlie Lee [LTC] (@SatoshiLite)
What are altcoins and futures doing?
The remaining altcoins are lagging Bitcoin Cash. Ether ETHUSD, +1.84% has added 2.7%, trading at $682.47, Litecoin LTCUSD, +1.56% is up 2.6% at $149.47 and Ripple’s XRP XRPUSD, +1.71% is at 85 cents, up 2.9%.
Futures have ticked higher on the open. The Cboe’s May contract ...