The current momentum across all cryptocurrency markets does not instill any degree of confidence. All markets are still in the red, primarily because of the Bitcoin price suffering from a major setback in the past 48 hours. Although the momentum seems to improve, the going remains tough for nearly all altcoins. The EOS price is seeing its fair share of problems in this regard.
Today will prove to be another interesting day for Bitcoin and all other cryptocurrencies. Although there is still a lot of bearish and sideways momentum in play, things may finally start to turn around. For some unknown reason, the IOTA price is still getting battered, as it continues to dip lower every single day.
IOTA Price Can’t Catch a Break
Even though the year 2018 hasn’t been a good one for most cryptocurrencies, it seems some currencies are still getting battered much harder than they really should. In the case of the IOTA price, the overall negative pressure continues to mount, even though most other markets are going through as all recovery process as of right now. This conflicting market momentum raises a lot of questions which aren’t easy to answer.
All cryptocurrency markets are still in a relatively awkward place at this time. The Bitcoin price is not showing any real signs of life, although it remains above $ 7,000, for the time being. Some altcoins note some growth, with the Ethereum Classic price still going strong.
Ethereum Classic Price Momentum Remains Strong
Ever since the Coinbase rumors began to spread, there has been a lot of excitement regarding the future of Ethereum Classic. Although the exchange is in the final stage of testing compatibility, no official date for ETC trading has been announced. In anticipation of this development, the Ethereum Classic price is still on the rise, as its momentum remains rather strong.
The popularity of cryptocurrency is not just restricted to Europe, Asia, and North America. South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018.
Booming Cryptocurrency Exchange Market
The South African economy has struggled for the most of 2018. The rand (the country’s) fiat currency hit a six-month low in June, amid massive selloffs in the emerging markets. As a result, many South Africans have increased their focus on cryptocurrency with a particular interest in Bitcoin.
A lot of people are surprised to see most of the cryptocurrencies are still in the green as of right now. Considering how yesterday evening looked rather uneasy, the positive momentum remains in place, for the time being. None of the top coins have noticed any major gains, yet the Zilliqa price is definitely rising rather rapidly these days.
Zilliqa Price is on Fire
Although most cryptocurrency speculators hardly ever look beyond the top 15, there is some interesting momentum building further down the line. Considering how the Zilliqa price currently sits at $ 0.088, it is one of the only currencies on the market today which is slowly inching toward its previous all-time high again. Said all-time high was recorded in late May and pushed the Zilliqa price to $ 0.1946.
The cryptocurrency markets remain in a state of flux, for the time being. Although it seems there may be some short-term positive momentum later today, the actual price trend remains rather negative. If the Cardano price is any indication, the coming weekend may not result in anything overly positive.
Cardano Price Continues to Dwindle
For those waiting for all cryptocurrency markets to recover, it appears the wait is far from over at this stage. All markets remain troubled by bearish pressure, and there is no indication of any major changes in this regard moving forward. For the Cardano price, this past week has not been great. Its value dropped from $ 0.145 all the way to $ 0.117 and there may be further declines looming on the horizon.
Coinbase is one of the largest cryptocurrency trading platforms to date. It is accessible in many countries and is quickly expanding its presence. Even so, the SEC has received a growing number of complaints regarding this company, which is rather worrisome.
Mounting Complaints About Coinbase
While many people put their faith in the Coinbase trading platform, some users are regretting doing so. As is usually the case when companies become popular overnight, there are things which will need to be improved upon. The company has seemingly done a relatively good job of fortifying its market position.
Wall Street has always been an exciting place for anyone with financial aspirations. A lot of major firms make up the Wall Street as we know it today, but things have been changing fairly rapidly. Growing interest in cryptocurrency is motivating a lot of people to quit the world’s financial hub in favor of completely different pastures.
Wall Street is a Temporary Stop
For as long as most people can remember, Wall Street has been considered the pinnacle of the financial sector. A lot of people have high expectations of any firm and individual active in this industry, although it seems things are quickly changing in this regard. That can only be considered a good thing, especially when considering that there are other innovative markets out there.
It is evident things are quickly going from bad to worse for all of the major cryptocurrencies these days. All major markets are still down, a trend which began forming yesterday morning. Things have not improved in the past 24 hours by any means. The Bitcoin Cash price illustrates that problem perfectly, as it is slowly dropping to $ 1,000.
Today will prove to be another difficult day for all cryptocurrency markets. The bearish pressure is not relenting by any means, as market makers are intent on keeping the prices down for some time to come. With the Bitcoin price now dropping below $ 8,200, it seems to be a matter of time until the value dips below $ 8,000 once again. That would certainly trigger an even bigger sell-off in the altcoin department.
Bitcoin adoption continues to grow rapidly worldwide. This adoption roundup features four merchants that recently started accepting the digital currency – a boutique hotel in Spain, parking lots, an electrical supply store, and online courses in Japan.
Park Realty Co. Ltd., which provides a parking lot sharing serving called QRpark, announced last week that it has started accepting bitcoin payments.
It has been a while since people actively discussed the NEO price. Thanks to all of the current positive momentum, that situation will come to change fairly quickly. Even though the NEO price did not hold on to the $ 90 price level, it seems the overall uptrend over the past week still remains in place. Especially now that Bitcoin and Ethereum are recovering a bit as well, things look pretty good for this altcoin.
An increasing number of stores have started accepting bitcoin cash (BCH) and a few other cryptocurrencies. This bitcoin cash adoption roundup features five vendors that recently started accepting the digital currency including a brand new cafebar dedicated to 15 cryptocurrencies.
Coins Crypto Cafebar
Japan is a leader when it comes to the number of merchants accepting cryptocurrencies since its Payment Services Act, which went into effect in April of last year, legalizes cryptocurrency as a means of payment.
Public interest in cryptocurrency has led to a rush of recent advertising, mostly on social media and the internet. Much of that advertising has focused on driving consumer interest in contributing money to an Initial Coin Offering or ICO. Unlike other forms of private investment, which are off limits to all but wealthy, accredited investors, interest in cryptocurrency extends beyond Wall Street to Main Street investors and this has regulators worried. Where some see opportunity, regulators see potential fraud and abuse.
It seems particular patterns are destined to repeat themselves in the world of cryptocurrency. Every working project with decent technology is losing value, whereas currencies which are just in the early stages of development are soaring. It has become evident the Ontology price is subject to a lot of manipulation, but so far, the uptrend remains in place.
It seems like every month there is a new regulatory issue impacting Bitcoin in a negative manner. This month, not surprisingly, has seen multiple events that are being portrayed in a negative light, forcing the price of BTC lower.
Bitcoin Price Analysis
Bitcoin prices across exchanges have fallen more than 25 percent over the past month. Monday at 9 a.m. BTC was as low as $ 6705. The price of Bitcoin remains as volatile as ever having fallen more than 6 percent during a two-hour period Monday morning. There are many catalysts allegedly causing this continued Bitcoin price correction. The main culprit is likely the “time of the year” being U.S. tax season.
The popularity of Bitcoin in Africa continues to skyrocket. Paxful, the p2p cryptocurrency marketplace, is offering the means for Africans to take charge of their economic destiny.
The cryptocurrency revolution, spearheaded by Bitcoin, has intensified greatly over the last year. While pundits focus their attention on the markets of Asia and the United States, the buying and selling of Bitcoin in Africa has continued to grow at a remarkable rate. This is clearly understood by the peer-to-peer cryptocurrency exchange, Paxful, who offers Africans hundreds of options to either buy or sell the world’s most popular digital currency.
Albeit there was some initial excitement in the cryptocurrency markets this morning, it seems the momentum has shifted once again. As of right now, all of the top 15 markets are in the red once again, with some currencies even noting rather spectacular losses. Anyone keeping an eye on the NEO price right now will not be too happy with how things are going.
As we have almost grown accustomed to these days, the cryptocurrency markets are still in a state of flux right now. All major currencies have lost value over the past 24 hours, although the NEM price continues to note some positive momentum. More specifically, the NEM price is up by another 8.7% over the past 24 hours.
The SEC is on an active quest to remove all illicit offerings from the cryptocurrency ecosystem. That is quite a steep challenge, as there are a lot of things to take into consideration. The commission’s latest effort involves issuing dozens of subpoenas to ICO issuers.
The SEC Steps up its Game
Most people will be pleased to see the SEC take this course of action. There is nothing wrong with what the agency is doing as of right now, even though those who are involved in the ICO industry will not be too pleased with the way things are going. It has become very clear that the government agency is concerned with initial coin offerings and the potentially illegal aspects of some of these projects.