In the last 24 hours, the crypto market has slightly declined by $ 2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering. From January 30 to January 31, the crypto market seemed to be rebounding as its valuation rose from $ 111 billion to $ 115 billion. But, in the past 12 hours, the valuation fell back to $ 112 billion, unable to sustain its momentum.
By CCN.com: Trying to make heads or tails of Tesla’s financial footing continues to be a task. The good news for Elon Musk keeps getting trumped by worrisome, if not flat out bad news. This month is proving to be a trying one for Tesla founder and CEO Elon Musk. It’s enough even to give
Avalon Advisors Chief Investment Officer Bill Stone believes that 2019 will be a record year for the stock market despite the December crash and subsequent sluggishness that has seen many investors adjust their outlook for the year ahead. Avalon’s Bill Stone Sees S&P 500 Hitting New Highs in 2019 Speaking to CNBC on Wednesday, Stone
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Over the past 24 hours, the valuation of the crypto market has slightly dropped from $ 123 billion to $ 121 billion as the Bitcoin price fell below the $ 3,600 level. Affected by the short-term drop in the price of Bitcoin, some major crypto assets including Ethereum, Bitcoin Cash, and Litecoin recorded losses in the range of
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In the last 48 hours, the volume of the crypto market has dropped from $ 15 billion to $ 13 billion as the Bitcoin price fell below the $ 3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears.
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On January 11, the crypto market experienced an intense sell-off as the Bitcoin price dropped below the $ 3,600 mark and major digital assets recorded drops in the range of 10 to 15 percent. Following a drop in the price of BTC from $ 4,036 to $ 3,503, traders expect the dominant cryptocurrency to fall below key support
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The bitcoin price will crater below $ 3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $ 3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and
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The bitcoin price on Friday plunged 6.5 percent against the US Dollar, breaking below the flagship cryptocurrency’s previous yearly low at $ 3,455. The bearish cycle took another turn after the Securities and Exchange Commission (SEC) halted its decision on the VanEck’s upcoming bitcoin ETF once again. The fundamental has been treated as one of the
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Within a 48-hour span, since December 5, the Bitcoin price has dropped from $ 3,913 to $ 3,678, by just about six percent. Other major cryptocurrencies like Ethereum (ETH) and Stellar (XLM) have declined by more than 10 percent in the past two days. The Ethereum price has dropped from $ 112 to $ 101 while the Stellar price
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Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $ 3,500 values but it doesn’t look like it can hold on much longer.
BTC-USD, Daily Candles, Macro Downtrend
Unfortunately, the consequence of a parabolic market is that, toward the tail end of the parabolic move, it doesn’t bother to retest or establish strong support. And now bitcoin is brutally busting through all the untested support levels. The figure above shows all the untested support levels (in blue).
Michael Moro, the CEO of Genesis Global Trading, an OTC digital currency trading firm, believes that Bitcoin’s (BTC) price decline is not yet over, setting a price floor of $ 3,000. In a recent interview on CNBC, Moro revealed that he sees another 30% decline for Bitcoin, stating, “You really won’t find [the floor] until you kind of […]
Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $ 3,000 after a week that has seen the leading cryptocurrency fall as low as $ 4,035. Speaking to CNBC, Moro stated that he does not expect the $ 4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin investors
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Anthony Pompliano, founder and partner, Morgan Creek Digital Assets has predicted that bitcoin could fall as low as $ 3,000 in a complete turnaround from one of the market’s most bullish positions. In a post, Pompliano stated that his January prediction of a $ 50,000 year-end bitcoin price was wide of the mark by as much as … Continued
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The Lightning Network active on the Bitcoin mainnet has passed 3000 nodes with capacity for almost 100 BTC in August.
Capacity Expands 85% In July
Data from monitoring resource 1ml.com confirms that network capacity increased 85 percent in the past thirty days, bringing mainnet Lightning’s total funds accommodation to 97 BTC ($ 628,000).
Lightning originally debuted around the start of 2018 in its mainnet form, with growth accelerating through Q2.
In May, Twitter commentator Kevin Rooke notes, capacity remained comparatively low at just 18 BTC before a dramatic increase began in July.
The number of Bitcoin ATMs worldwide has surpassed the 3,000 milestone in the month of May at an accelerating pace of 6 new installations daily.
Bitcoin ATM Count Breaks 3,000
Despite the lackluster price action of Bitcoin and cryptocurrencies in recent months, the Bitcoin ATM industry appears as healthy as ever.
The latest data from CoinATMradar shows that the number of Bitcoin vending machines has passed the 3,000 milestone in mid-May and is currently at 3,125 machines worldwide.
There’s a new Japanese Android and iOS game called Itadaki Dungeon that allows players to earn small micro-bits of BTC while venturing through 3,000 underground levels. The free game is a 2D course filled with weapons, special items, and cryptocurrency treasure.