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.
U.S. employers added more workers than expected in December according to the Nonfarm Payrolls report, capping off a strong year of job creation for the world’s largest economy. December Hiring: By the Numbers Nonfarm payrolls increased by 312,000 in December, the highest since February, the Labor Department reported Friday. The unemployment rate rose to 3.9%
The post U.S. Nonfarm Payrolls Rise 312,000 in December Vs. 184,000 Expected appeared first on CCN
On December 26, following Christmas, the Dow Jones recorded a gain of over 1,000 points. But, shortly thereafter, the Dow Jones fell by nearly two percent, unable to recover from a bear market territory. Why Investors Shouldn’t Get Excited Earlier, CCN reported that despite the five percent gain of the Dow Jones, investors in U.S.
The post Don’t Get Excited: Dow Jones Expected to Continue its Decline After Big Rally appeared first on CCN
The Securities and Exchange Commission delayed making a decision on VanEck’s bitcoin ETF (exchange-traded fund) application until February 27, 2019. The postponement was largely expected, as 2018 draws to a close amid the ongoing crypto bear market. “The Commission finds it appropriate to designate a longer period within which to issue an order approving or
The post As Expected, SEC Delays VanEck Bitcoin ETF Decision Until February 27 appeared first on CCN
On November 28, the price of Bitcoin (BTC) spiked from $ 3,771 to $ 4,355, by more than 15.4 percent. In less than 48 hours, the dominant cryptocurrency has fallen back down to $ 3,861, dropping below the $ 4,000 mark. Bitcoin recorded a 7-month high daily spike in value on Wednesday, leading traders to be optimistic about the
The post Bitcoin Price Falls Under $ 4,000: Was Immediate Pullback Expected After Big Spike? appeared first on CCN
In an r/Bitcoin post two months later, he clarified that his brainchild isn’t meant to “take the place of BitPay.” Rather, BTCPay is poised as a new and improved alternative, a decentralized stand-in for merchants who wanted an easier way to accept bitcoin.
The South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies.
ICO Stance Expected in November
Hong Nam-ki, Chief of the Office for Government Policy Coordination, conveyed during a parliamentary audit on Thursday that “The Korean government is likely to announce its stance on the much–disputed status of initial coin offerings [ICOs] in November,” the Investor reported.
The sudden plunge in the price of Bitcoin has demonstrated that while it lacks correlation with the broader financial market, it is not inversely correlated with the global market. Bitcoin and major cryptocurrencies are considered as a robust store of value for investors to hedge against the broader financial market because of its lack of
The post Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong? appeared first on CCN
For the first time in history, US household wealth has surged above the $ 100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $ 100
The post US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin? appeared first on CCN
Ethereum (ETH) has been the face of negative news and criticism over the past few weeks as investors have lost their mind over the weakness in price that we all witnessed recently. As the second largest coin in terms of market cap, when Ethereum (ETH) moves, the whole altcoin market moves with it. Investors holding on to their Bitcoin (BTC) since $ 20,000 think it’s pretty bad but ask an Ethereum (ETH) Investor that bought at $ 1,500 per coin how bad it can really get!
Bitcoin has found stability in the low range of $ 6,300 to $ 6,400, demonstrating decent volume at around $ 3.8 billion and pushing its dominance index to 56.1 percent. Well performing tokens including WanChain, VeChain, Decentraland, and Waltonchain have recorded large losses against the US dollar in the range of 5 to 10 percent, mostly likely due
The post Bitcoin Price Stabilizes: Market Recovery Expected After Flurry of Positive News appeared first on CCN
Things are not looking too hot in the world of cryptocurrencies right now. The Bitcoin price is taking another dump out of nowhere. At this rate, its value will start trending toward the $ 6,000 level fairly soon. Some traders remain hopeful things will turn around this year, albeit it seems less and less likely.
Bitcoin Goes off the Rails Again
Having a short-term memory in the cryptocurrency is often asking for trouble. The current Bitcoin price, while not all that impressive by any means, is still vastly higher compared to values noted throughout most of 2017. It took Bitcoin eight and a half years to get to this level. Despite the bull run late last year and in early 2018, unnatural growth cannot be sustained.
The deputy for innovative technologies at the Central Bank of Iran, Nasser Hakimi, has stated that Iran’s financial regulator will be reviewing the country’s blanket cryptocurrency ban. The central bank official also indicated that the country’s regulatory apparatus pertaining to virtual currencies is expected to be finalized by the end of September.
Iranian Central Bank Official Hints That Cryptocurrency Ban May Be Repealed During September
Whilst speaking at a conference on cryptocurrency and distributed ledger technology in Tehran on Sunday, Nasser Hakimi, the Central Bank of Iran’s deputy for innovative technologies, made statements inferred as indicating that the Iranian administration will likely repeal its blanket ban on cryptocurrencies during September.
The U.S. Securities and Exchange Commission (SEC) has delayed their decision on the commodity-backed Bitcoin ETF. The final determination is pushed ahead, as expected.
The Waiting Begins
In a notice dated August 7, the SEC announced they are pushing back the decision on what would be the very first regulatory approved Bitcoin00 exchange-traded fund (ETF) in the U.S.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
Worried about yesterday’s flash crash? Don’t be. The future is bright for cryptocurrency’s big players — particularly Bitcoin and Ethereum.
Good Times Ahead
Despite the sometimes dramatic dips which have occurred so far in 2018, investors should be looking towards a positive future for both Bitcoin and Ethereum. According to a market survey, however, Ethereum is set to see a more dramatic increase in market capitalization in 2018 than the current market leader, Bitcoin.
As reported by the South China Morning Post, Finder — a consumer product and services comparison website — asked nine blockchain industry participants for their opinions in regards to the top 12 cryptocurrency’s predicted price trend.