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Bitcoin prices are moving strongly these hours. The cryptocurrency went down by 5.3% today and is now around $17,450, BPI informs.

The entire cryptocurrency market is now worth more than $630 billion and the top 10 cryptocurrencies are up at least 6% today. This is to say that, even though bitcoin went down a little bit, the rest of the cryptocurrencies continue their rally.

So, it’s important to keep in mind that the downside in BTC could be limited. Bitcoin looks like is going for a support-test of $17,500 in the next few hours.

In the meantime, the so-called “altcoins” (alternative versions of bitcoin), continue to rise. A digital currency called litecoin surged 60% last week alone, trading at $341.72. Let’s remember it began the year at $4.33. So, while Bitcoin escalated more than 1,600% in 2017, Litecoin did so but 7,000%.

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NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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