Price Watch: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin are Deep in the Red

At press time, most major cryptocurrencies are deep in the red, with entitles like Ethereum and Ripple experiencing anywhere between five and twelve percent drops over the last 24 hours.

Bitcoin has fallen by over $500 since our last price piece, and is now trading for just over $7826.

In a recent interview on CNBC's Fast Money, Fundstrat's Tom Lee again pushed the notion that Bitcoin would reach $25,000 by the end of 2018, though he offered more explanation this time around, assuring enthusiasts that the currency doesn't need to undergo daily price spikes to reach this goal.

"Let's say we think [Bitcoin] can reach $25,000. This does not require Bitcoin to go up every day until the end of the year. Remember - the ten best days account for all the return of Bitcoin. If you didn't own Bitcoin for ten days each year, you lost 25 percent a year since 2010.".

Cryptocurrency and Italian food enthusiasts everywhere are celebrating Bitcoin Pizza Day, which has been a popular event since May 22, 2010.

A Twitter account dedicated to the "Holiday" is providing 24-hour updates regarding how much the pizzas would have presently cost based on the latest bitcoin price(s).

The association recently unveiled its next big move with Enterprise Ethereum Client Specification 1.0, which will be the first in a series of common standards for Ethereum development designed to give large businesses easy entry to the Ethereum blockchain and distributed ledger technology.

Bitcoin Cash has fallen by $190 since our last price piece and is currently trading for roughly $1,049.

With the hard fork now over, CEO of 360 Blockchain USA Jeff Koyen calls Bitcoin Cash one of the most "Controversial" coins to exist in the cryptocurrency space.

Koyen also commented that Bitcoin Cash miners are being rewarded with only a fraction of their original profits, which suggests BCH might be "Struggling to gain traction."