Bitcoin Goes Near The $8,000 Level

Bitcoin prices went further down on Thursday as it reached near the $8,000 level.

Bitcoin dropped by 0.7% to trade at $8,401.8. Ethereum also slipped by 0.2% to $168.07.

On the other hand, XRP and Litecoin both gained by 2% and 0.1% respectively.

This week Bitcoin slipped by around 20%; thus indicating that the bull market for cryptocurrency might be over.

The selling pressure on cryptocurrency is

currently strong and can touch the $7,000 level very soon.

Gold Futures Trading Higher

Gold futures traded higher on Thursday.

On the Comex division, gold futures for delivery in December rose by 0.21% to trade at $1,515.45 per troy ounce.

Earlier, the troy ounce was trading in a dollar bullish session and found support and resistance at $1,505.30 and $1,543.30 respectively.

The US Dollar Futures Index, on the other hand, fell by 0.15% to $98,512 against six other major currencies.

Elsewhere on Comex, Silver 'for delivery in December rose by 0.14% and traded at $18,047 per troy ounce while Copper for December delivery rose by 0.04% to trade at $ 2,612 per pound.

Crude Oil Futures Retreated

Crude Oil futures dropped on Thursday.

Crude Oil futures for delivery in November went down by 0.05% to trade at $56.52 a barrel.

Crude oil earlier found support at $55.63 and resistance at $59.39.

Elsewhere on ICE, Brent oil for delivery in November fell by 0.08% to $ 62.34 per barrel.

Financial Events to watch for today

13:30 GMT
ECB President Draghi Speaks [EU]
13:45 GMT
BoE Gov Carney Speaks [UK]