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Over the past 24 hours, the prices of both Bitcoin (BTC) and Ethereum (ETH) have fallen by more than three percent against the U.S. dollar. The cryptocurrency market experienced an abrupt $ 4 billion drop in its valuation, by just about 3.5 percent. While major cryptocurrencies struggled to demonstrate signs of a potential corrective rally, small
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EOS continues to face more rapid capitulation than its peer blockchain projects after falling another 11% in a day. The EOS/USD rate on Tuesday established an intraday low at 2.41-fiat, down 28.27% from its weekly high at 3.36-fiat. Meanwhile, the maximum drop noted in the EOS market capitalization this week touched $ 861 million, according to
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On November 30, Zcash (ZEC), a privacy-focused cryptocurrency, was integrated into Coinbase Pro, a U.S.-based regulated digital asset exchange operated by Coinbase. The exchange told investors that throughout the foreseeable future, withdrawals of Zcash shielded transactions, private or anonymous transactions on the Zcash network, will not be supported. Coinbase said: “Initially, we will support deposits
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Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $ 1,400 back in December of 2017. And now, almost a year later, ether sits just above $ 100 on what appears to be shaky ground during its latest round of selling over the last few weeks:
Figure 1: ETH-USD, Daily Candles, Rapid Descent
The intense downtrend of the crypto market is finally having a toll on the best performing digital asset of the month. Ripple (XRP), now the second most valuable cryptocurrency in the market, is no longer up in value on a monthly basis. Throughout the past 30 days, XRP has maintained the $ 0.5 level relatively well … Continued
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The market cap of Nvidia has dropped by more than $ 23 billion, and analysts were quick to claim that the overnight plunge in the firm’s stock price was caused by an overall drop in demand for crypto. Susquehanna Financial Group analyst Christopher Rolland said: “While disappointing, the crypto-bubble is temporary, but secular growth opportunities like
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The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
CoinDesk
Over the last 24 hours, the valuation of the crypto market has fallen from $ 185 billion to $ 181 billion, by around $ 4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $ 27 billion. The market extended losses throughout the past
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The amount of money that initial coin offerings attracted in this year’s third quarter fell significantly compared to the second quarter. According to a report by crypto market analysis firm ICORating, the amount that was raised via ICOs from July to September reduced by 48 percent compared to what was raised from April to June
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In cryptocurrency exchange news, Binance’s CEO has described the exchange as “very healthy” despite the dramatic reduction in trade volume compared with early 2018, and Gate.io was recently breached via a malicious script added to web analytics provider Statcounter. Also, a South Korean ICO raising money for a crypto exchange desk appears to have pulled a $ 2.73 million exit scam.
Also Read: Korean Exchange Terminating After Regulator Crackdown
Speaking to CNBC, CZ, the chief executive officer of the largest exchange by volume, Binance, recently discussed the declining trade volume posted throughout the current cryptocurrency bear market.
Bitcoin’s reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $ 6,200 is now a possibility.
CoinDesk
Blockchain detectives and Lightning Proponents may have noticed a severe drop in SegWit blocks near the end of last month. SegWit-spending transactions had reached a high of nearly 50% of all transactions, according to this tracker, but around about October 20th the rate began to drop off, hitting a low of nearly 40%. Users who
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Over the past several weeks, the bitcoin price has been uncharacteristically stable, even as equities have lost their footing and the global stock market has flirted with corrective territory. Tom Lee, the founder of Fundstrat Global Advisors and one of Wall Street’s most well-known bitcoin bulls, said that he was pleasantly surprised by the drop
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The bear grip on bitcoin has likely strengthened following yesterday’s drop to two-week lows.
CoinDesk
Earlier today, the crypto markets were seeing the first bit of momentum in a while after a period of market stability. Essentially, all the big players in the digital currencies space saw the colour red today with some seeing losses of up to 6%.
Bitcoin is currently trading at $ 6,348 at the current time of writing with over a 2% drop over the past day. Even though it was trading sideways for the majority of last week, the leading cryptocurrency saw a significant price drop after being priced at around the $ 6,480 area.
The value of Bitcoin predictions and other trends are coming in one week before crypto enthusiasts celebrate the 10th anniversary of Satoshi Nakamoto’s launch of the whitepaper for Bitcoin on Halloween.
However, Bitcoin’s influence in cryptocurrency is set to massively reduce in its second decade, according to Nigel Green, the CEO and founder of the independent financial advisory organisation deVere Group.
Green predicts the digital currency market is likely to expand by at least 5,000% in the next ten years.
Whereas most cryptocurrencies are starting to see some upward momentum, things are very different for Electroneum. While that is not entirely abnormal, the steep losses are piling up fairly quickly. It seems unlikely ETN will remain above $ 0.0205 for much longer, although altcoins have a tendency to move in mysterious ways.
When the altcoins are rising, one would often expect to see Electroneum on that list. In this particular case, that is not what is happening, even though there is still a chance the momentum turns around. This massive dip was not entirely expected, yet it seems ETN is not catching a break in either the USD or BTC department right now.
The price of Tether (USDT), a crypto stablecoin backed by the US dollar pegged to $ 1, has fallen by around 4 percent in the past 24 hours to $ 0.96. As USDT fell, it became more expensive for traders to purchase major cryptocurrencies like Bitcoin and Ethereum with USDT, pushing the premium of cryptocurrencies up on
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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $ 5.8 billion. Its executives could also face jail time.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
The tax fraud and money laundering trial in France of UBS Group AG and its executives began last week after seven years of investigation.
Bitcoin’s sudden drop to three-week lows has turned the tide in favor of the bears. So is $ 6,000 the next stop?
CoinDesk
