After trading to $8,479.33 late Tuesday, bitcoin












BTCUSD, -1.23%










 has surrendered these gains and was last changing hands at $8,061.73, down 2% since Tuesday 5 p.m. Eastern Time on the Kraken exchange.




















BTC/USD Additionally, bitcoin is nearing its 200-day moving average, which has proved to be stiff resistance in the past.
On the altcoin front, Ether












ETHUSD, -0.28%










has slipped 1.1% to $466.90, Bitcoin Cash












BCHUSD, -1.53%










is down 2.7% at $825.50, Litecoin












LTCUSD, -1.47%










has lost 2.6% at $85.26, and Ripple’s XRP coin












XRPUSD, +3.26%










is bucking the trend, trading 1.1% higher at 46 cents.
In futures trading the Cboe Global Markets contract for August












XBTQ8, -1.37%










is down 2.1% at $8,040 and the CME July contract












BTCN8, -1.69%










is down 2.7% at $8,045.
Read: Here’s the case against day-trading bitcoin

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