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      "body": "\n\nThe crypto markets retracted this week, with ethereum and many altcoins posting declines greater than 10%. The bitcoin price, however, swam against the current to return a weekly gain of 3%.\n\nGet daily trading recommendations (BUY/SELL) on Hacked.com for just $39 per month.\n\nbitcoin price\nChart from CoinMarketCap\nBitcoin’s climb was not enough to prop up the total crypto market cap. The total value of all cryptocurrencies fell from about $95 billion a week ago to $89 billion on July 31.\n\nbitcoin price\nChart from CoinMarketCap\nBitcoin Price Climbs Despite Impending Bitcoin Cash Fork\n\nThe Bitcoin Cash hard fork is just hours away, but the bitcoin price continues to climb. In the past day, the bitcoin price has risen nearly 5%, crossing the $2,800 mark to reach its present value of $2,802. Bitcoin now has a market cap of more than $46 billion and a commanding lead of nearly $28 billion over ethereum.\n\nbitcoin price\nBitcoin Price Chart from CoinMarketCap\nOne potential reason for the bitcoin price climb is that since Bitcoin Cash is forking the Bitcoin blockchain, bitcoin holders will receive a bitcoin cash “airdrop” correlating to their balance on the original blockchain. Bitcoin Cash futures are trading below $300, but it is not known what the price will be when the actual coin debuts. Investors could be looking to sell Bitcoin Cash for a quick profit, or they could genuinely believe the forked coin has a chance to disrupt the markets.\n\nEthereum Price Down 14% for the Week\n\nJuly was not friendly to ether holders. The ethereum price posted a month-long decline, falling below $200 after entering the month above $280. In the past week alone, the ethereum price has declined by nearly 14% to its present value of $196. At $18.3 billion, ethereum’s market cap is now less than 40% the size of bitcoin’s.\n\n\nEthereum price\nEthereum Price Chart from CoinMarketCap\nRipple Price Leads Widespread Altcoin Retreat\n\nNormally, bitcoin price increases have a correlative effect on altcoins. This week, however, altcoin prices hemorrhaged even as bitcoin posted gains. Counting ethereum, six coins in the top 10 declined by more than 10% during the last week of July.\n\nethereum price\nAltcoin Price Chart from CoinMarketCap\nThe ripple price led the retreat, sliding 2% for the day and 16% for the week. Ripple ends July with a market cap of just $6.3 billion after beginning the month at about $10 billion.\n\nripple price\nRipple Price Chart from CoinMarketCap\nThe altcoin market pullback reduced the litecoin price to $39 for a weekly decline of 11%. Litecoin’s market cap sits just $54 million above the $2 billion threshold. The NEM price weathered the storm better than most coins, holding steady at $0.165 for the day and declining 2% for the week. The Dash price dropped to $171 for a seven-day decline of 16%.\n\nEthereum classic, whose market cap is just $15 million below that of Dash, could not capitalize on the opportunity to pass Dash in the rankings. The ethereum classic price fell 3% for the day and 14% for the week.\n\nThe IOTA price dipped by more than 5% on Monday, reversing the progress it had made earlier in the week. It currently sits at $0.254. Monero and EOS both experienced moderate declines, while the Stratis price plunged by 20% for the week.\n\nTwelfth-ranked BitConnect was the largest coin other than bitcoin to post positive weekly returns. Bolstered by a 7% daily increase, the BitConnect price rose to $66.\n\nBitcoin Cash (Futures) Price Slides\n\nThe Bitcoin Cash hard fork has yet to take place, but futures have been trading on ViaBTC for more than a week. Traders could obtain BCC futures (this symbol is not standardized across all exchanges) by temporarily freezing BTC on the exchange.\n\nBitcoin cash price\nBitcoin Cash Futures Price Chart from CoinMarketCap\nSince its listing, the bitcoin cash price has experienced a steady decline. The bitcoin cash price began the week at about $550 but has fallen below the $500, $400, and $300 thresholds. At present, CoinMarketCap lists the price of bitcoin cash futures at $278.\n\nBitcoin Dominance Crosses 50%\n\nBitcoin absorbed an additional 4% of the total market cap this week, increasing its share from 47.4% to 51.7%. Bitcoin dominance has now surpassed 50% for four consecutive days, a feat it has not accomplished since May.",
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      "body": "\nBy the end of the day Tuesday, bitcoin cash had carved out close to a $7 billion position for itself on the cryptocurrency landscape.\nBitcoin, meanwhile, lost 5.46% and was the only one of the top 10 cryptos to lose Tuesday, as bitcoin miners completed a split to create more of the new, split-off coin called bitcoin cash.\n\n\nSource: coinmarketcap.com\nPrior to the Tuesday’s launch of a user-activated hard fork (UAHF) to create bitcoin cash, the ViaBTC exchange enabled traders to trade bitcoin cash futures under the symbol BCC by temporarily freezing their BTC balances on the platform.\n\nFrom July 24 to 25, the value of bitcoin cash futures hovered around $500. By the 26th, it had fallen to $400, then below $300 on July 31. On Monday, it declined 24% against bitcoin, bringing its value to about $278 according to coinmarketcap.com.\n\nBitcoin Cash Rebounds\nhttps://cdn4.cryptocoinsnews.com/wp-content/uploads/2017/08/Revised-1.png\nBut the price rebounded by 10:30 ET Tuesday to $373.78, giving it a market cap of $6.764 billion. BCH posted a 27.63-point gain in the last 24 hours as of 10:30 p.m. ET, making it the fourth largest cryptocurrency behind bitcoin, Ethereum and Ripple. (Coinmarketcap.com initially listed bitcoin cash as BCC, but has switched to BCH.)\n\n\nThe creators of bitcoin cash believe support for Segregated Witness was a mistake – and a diversion from Satoshi Nakamoto’s vision for bitcoin – and they aim to help bitcoin scale by immediately increasing the block size from 1 MB to 8 MB.\n\nTrading in bitcoin cash was available on several exchanges, but remained a fraction of bitcoin’s price.\n\nThe BCH/BTC price on Bittrex, which accounted for 42.19% of BCC’s volume, was $516.29 at 10:30 p.m. ET Tuesday, the highest of any cryptocurrency exchange, followed by $350.66 on Kraken, which held 16.88% of BCH volume.\n\nCoinmarketcap.com listed BCH as the second biggest crypto gainer in the last 24 hours, second only to OperaCoin, which posted a 304.76 point gain. (OperaCoin only transacted $27,991 in the 24-hour period.)\n\n\nBCH Must Prove Itself\nhttps://cdn4.cryptocoinsnews.com/wp-content/uploads/2017/08/Revised-2.png\nAmaury Sechet, lead developer for bitcoin cash, said it will have to prove itself over time. The current price may seem low, Sechet said, but it has really received a lot of support.\n\nBecause bitcoin cash is forking the bitcoin blockchain, most bitcoin holders will receive an equal number of bitcoin cash. As long as holders control the private keys of their bitcoin wallet – or have coins on an exchange that has pledged support for bitcoin cash – holders will be able to claim their bitcoin cash. If coins are on an exchange that opposes bitcoin cash – such as Coinbase – there is a good chance they will not receive them.",
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