Crypto Price Watch: Bitcoin, Ethereum, Litecoin and Ripple Experience Minor Drawbacks

After breaking the $8,000 barrier last Friday, Bitcoin impressed users and enthusiasts by spiking to $8,400 over the weekend.

Ethereum is joining Bitcoin's four percent drop after falling to $503 from its recent high of $537. Ripple, Bitcoin Cash, and Litecoin are all down by three percent, though most analysts are unanimous in their sentiment that the drops are merely short-term results of recent selling pressure.

Granted, entities like Bitcoin can stay above $7,650 for the time being; many believe the worst days are long behind us.

Should the currency rise beyond $8,100, new resistance could likely be established to assist bitcoin in rising to $8,200 and then $8,500.

CEO of Pantera Capital, Dan Morehead, joins Fundstrat's Tom Lee in his belief that Bitcoin will surpass the December 2017 levels and strike new highs by the end of the year.

More interesting is the news surrounding Barclays, the banking institution that recently offered a very negative take on the hype surrounding Bitcoin.

Researchers also suggested that the Bitcoin price had reached its peak last December and that prices of such magnitude were not likely to be witnessed again in Bitcoin's future.

Either Barclays is suddenly eating its words following Bitcoin's break of $8,000, or the company sees enough potential in today's market to get itself temporarily involved.

For Bitcoin Cash, resistance was witnessed at $790, which may continue to prove to challenge for the spin-off currency in the short-term.

Bitcoin Cash has managed to break $766 on most exchanges.