Crypto Price Watch: Bitcoin, Ethereum, Bitcoin Cash Incur Sudden Drops

We have started a new week, and it looks many cryptocurrencies are starting it in the red.

Though Bitcoin did manage to hit the $7,000 mark over the weekend, it has seemingly fallen by over $200 and is now trading for roughly $6,700.

Ripple has fallen by three percent, and stands at just over $0.40, while Bitcoin Cash and Litecoin are down by over three percent each, and sit at $637 and $114 respectively.

April 7th through the 8th did see cryptocurrency experiencing a few substantial rises, thus teasing users of a potential bull run.

Bitcoin had jumped to $7,000 following its previous trading stance of $6,600 following news that the famous Rockefeller family would be investing in cryptocurrencies and getting in on the action.

The news followed an announcement by the head of Soros Fund Management that the company had recently garnered permission to begin trading cryptocurrencies within the next few months.

India's Reserve Bank had recently stated that it would no longer support businesses that dealt in or traded cryptocurrencies, and it was ordering all neighboring banks to do the same.

Thus, while digital currency ventures can no longer rely on Indian banks to complete financial transactions, the process of trading crypto can continue granted the government stays open to it.

Resistance also proved to be too strong for Ethereum's current taste, which accounts for the coin's lower trading price.

Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.