Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Bitcoin, Ether, Ripple - Prices Plunge, Sentiment Sours | Webinar

Bitcoin, Ether, Ripple - Prices Plunge, Sentiment Sours | Webinar

Nick Cawley, Senior Strategist
What's on this page

Cryptocurrency Prices, News and Technical Analysis

  • SEC delays ruling on Bitcoin ETF.
  • Market sentiment turns increasingly weak, weighing heavily on the space.

Cryptocurrency Prices Slump 10%

After a period of quiet consolidation, a decision by the SEC to delay a ruling on the proposed VanEck/SolidX Bitcoin ETF until the end of September. While not a complete surprise, the market took the news badly and sold-off quickly. Most cryptos are now either near or on important support levels, which if broken could see further double-digit losses in the near-term. Some coins are now likely to give back all of the December-January surge.

Overall market sentiment remains weak with any rebound/rally seen as a clear opportunity to sell long positions or open shorts. Overall turnover is low - aiding sharp price moves - while the market as a whole is now valued at $230 billion, the lowest level this year and down from the $830 billion all time high.

Bitcoin, Ethereum, Ripple Price Analysis

Bitcoin (BTC) Daily Price Chart (November 2017 – August 8, 2018)

We look at Bitcoin, and other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey with our Introduction to Bitcoin Trading Guide.

What’s your opinion on the latest market crash? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.