Digital Currency news on Wednesday

Cryptocurrencies such as Bitcoin, Ethereum, attract investors from different counties. At the moment there are hundreds of cryptocurrencies to be more precise over 1,000. It is hard to keep track of all of the digital currencies. However, there are several major cryptocurrencies such as Bitcoin, Litecoin and Ethereum. It means that a lot of people know area ware about these digital currencies. It means that any price reduction might affect a significant number of crypto owners.

Bitcoin is the biggest cryptocurrency in terms of market capitalization. Its price decreased on August 21. Bitcoin’s price failed to surpass the $11,000 level. In several hours price declined from $10,900 to less than $10,100.

On Wednesday, the price of Bitcoin slightly increased and as it reached $10,112.  It is important to mention that Bitcoin’s price since mid-June remains above the $9,300 level.

The price of Ethereum decreased on August 21. Ethereum is the second biggest digital currency in terms of market capitalization. Ethereum’s price dropped by more than 5% in the last 24 hours. The price of the Ethereum fell below $190.  Yesterday, Ethereum’s price was $187.49.

The price of another cryptocurrency Litecoin also fell on Wednesday. The price of Litecoin fell by more than 2%. Litecoin’s price fell below $75 level. On August 21 the price of Litecoin was $72.06.

Bitcoin’s price in 2020

The company which gathers information about the cryptocurrencies released a new Bitcoin price prediction model. According to Digital Asset Research, the price of Bitcoin might reach more than $60,000. The main argument of this model is that the vast majority of Bitcoin has been mined.

The price of several major cryptocurrencies, including Bitcoin, decreased on August 21. However, the price might increase on Thursday or even by the end of Wednesday. It is hard to make the prediction, but it is essential to keep the price above $10,000 level.