Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin

Ethereum Classic Lost 30% in 3 Days

On Tuesday, August 7, crytocurrency was trading at $20,5. It’s taring at $14,5 at press time.

In Friday, August 10, Ethereum Classic average market price went down to $15 and right now it’s $14,5. Three days ago on August 7 it reached the maximum price of $20 in 3 months and later went down 30%.

Ethereum price was going up due to the news of its listings on different platforms. At the beginning of August Coinbase platform announce coin integration and for several days clients were able to trade it. Later on Robinhood app listed Ethereum Classic and American exchange Bittrex added alt coin to USD trading pair.

Ethereum Classic rates were growing August 3-7 but total capitalization went down to $15 billion. Bitcoin crashed from $7400 to $6900. However, the alt coin went back to the same rates before the growth it cost $14,6.