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Well, that de-escalated quickly. Just nine days after breaching the five-figure mark for the first time in 2019, the bitcoin price has once again crashed below the $ 10,000 level. Bitcoin Price Slips to $ 9,950 The flagship cryptocurrency had been in a downtrend since peaking near $ 14,000 on June 26, suffering multiple major sell-offs en route […]
The post Newsflash: Bitcoin Price Crashes Below $ 10,000 appeared first on CCN Markets
On Wednesday, June 26, the price of BTC came close to reaching $ 14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when the market is extremely bullish, flash crashes have been prevalent.
Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
The bitcoin price crashed below the $ 11,000 mark on Thursday, extending the vicious sell-off that began the previous day. Bitcoin Price Careens Down to $ 10,800 A suddenly-heavy BTC had struggled to defend the $ 12,000 mark for much of the morning, and around 12:00 pm ET traders capitulated to the stifling downward pressure. In just […]
The post Newsflash: Bitcoin Price Crashes Below $ 11,000 to Cap 20% Plunge appeared first on CCN Markets
The bitcoin price suffered a cataclysmic – and sudden – crash on Wednesday, and one of the world’s most prominent cryptocurrency exchanges failed to handle the load of users scrambling to salvage their portfolios. Bitcoin Price Crashes More Than $ 2,000 on Bitstamp After ascending as high as $ 13,880 earlier today on Bitstamp, a parabolic bitcoin […]
The post Newsflash: Coinbase Goes Offline as Bitcoin Price Crashes appeared first on CCN Markets
Global equity markets took a major hit on Monday following news that China would raise its tariffs on $ 60 billion worth of US goods starting on June 1. As a result, the Dow Jones Industrial Average (DJI) fell 2.38% (617.4 points) to 25,325, while the S&P 500 (SPX) fell 2.41% to 2,811.9. China’s announcement follows […]
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After a bearish year of perennial price swings that culminated in months of tightly wound sideways movement, the (former) bottom has dropped out for bitcoin and the wider crypto market.
By all rights, it’s a complete reversal of fortune from the explosion of value the market enjoyed this time last year, and mainstream media has had a field day exploiting the irony of the peripeteia bitcoin’s price has suffered when we compare it to the investor euphoria of just a year ago.
Ethereum token BAT rode the “Coinbase bounce” to a four-month high, but on Friday the cryptocurrency’s price fell back toward earth with a resounding thud. Ethereum Token BAT Leads Market Pullback The crypto market as a whole traded down heading into the weekend, with valuations collectively dropping by $ 6 billion over a 48-hour period. However,
The post Ethereum Token BAT Crashes Nearly 20% after Coinbase.com Listing appeared first on CCN
This year has been a strange one for XRP (and digital currency in general!), the token has seen fluctuation after fluctuation and the price has never stayed in one area for a long period of time.
The token, owned and designed by Ripple, has recently seen a change in price over the past month and even a time when we thought that the bad times were essentially over but now it has crashed down by over 40% from its high in September of $ 0.7694.
At the time of writing, the XRP token is now worth $ 0.4124.
Whoever Satoshi Nakamoto is, he/she might be deserving of the Nobel Prize in economics for inventing Bitcoin (BTC), the nascent digital coin that is currently rescuing crypto-adopting Venezuelans from the abyss.
Fiat cash has long been problematic because of their unsustainable, long-term value: Central banks and governments can simply turn on the printing press to print notes that are not backed by gold or anything of fungible value. In Venezuela, which has a population of 32 million, the bolivar has become unusable and the local economy has arrived at a grinding halt: Suppliers have stopped producing; workers have stopped working; and grocery shelves are empty because nobody can get paid given that the medium of exchange (bolivar) has lost all value.
Threats and actions from governments and bankers to crush Bitcoin and other cryptocurrencies intensify. However, displaying one its finest features, resiliency, Bitcoin’s trajectory is once again retaking its ascending pattern, above $ 8,000 USD. Some experts believe that new technological developments will push Bitcoin’s value even higher.
Bitcoin rises once again above the $ 8,000 USD mark, snubbing formidable threats and actions from governments, bankers, and world financial authorities.
Bitcoin is finally going back up again https://t.co/JLfmcEk0v7
— Indy Tech (@IndyTech) February 8, 2018
