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Cryptocurrency prices have corrected over the last 24 hours as most digital assets have dropped in value between 6-10% since June 2 at around 6:45 p.m. EST. At press time the entire cryptoconomy is valued at $ 250 billion with about $ 80.5 billion in global trades in the last day.
Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading
Cryptocurrency markets saw some significant gains over the last two days, but prices on Thursday have started to pull back from this year’s all-time highs. When the spikes first initiated, bitcoin cash (BCH) led the pack out of the top 10 cryptocurrencies and still maintains a lead with over 75 percent worth of gains for the week.
Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1
Cryptocurrency exchange Gemini has announced that effective Saturday, Oct. 13, at 9:30am EDT, customers will be able to deposit litecoin into their Gemini accounts. The New York-based startup headed by Cameron and Tyler Winklevoss made the announcement on Friday via a post on its website. Anticipated Market Impact In the announcement post, Eric Winer, Gemini’s … Continued
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The cryptocurrency markets continued their positive momentum on Wednesday evening as most of the coins held on to the double-digit gains achieved over the past 24 hours. Most importantly, altcoins acted independently of the bitcoin price, with several performing significantly better than the largest cryptocurrency by market cap. As of press time on Wednesday, BTC
The post Cryptocurrency Markets Maintain Momentum Despite Slight Retracement appeared first on CCN
A Saturday evening in the cryptocurrency world is always interesting for various reason. Although this Saturday has not seen any major bullish momentum, the Binance Coin price is still rising rapidly. Its value has surpassed $ 14 yet again, whereas all other cryptocurrencies are in the low red.
In the financial world, nothing can go up in value indefinitely. This is also true in the world of cryptocurrency, where volatility is the name of the game first and foremost. For the Binance Coin price, this volatility has not had too much of an impact just yet. Its value still remains near the $ 14 level despite some losses for Bitcoin and Ethereum.
Ethereum’s long-awaited Casper update seems to be making strides as a newer version of the code has been released by the developers earlier this week. The price seems to have reacted, marking a slight increase.
At press time, ETH was trading for $ 761.86 which is roughly a 2% price increase over the past 24 hours according to CoinMarketCap. The slight price improvement could be attributed to the news that the first version of the planned Casper update was released on Tuesday, May 8th.
Bitcoin’s price has suffered a slight blunder. After spiking to nearly $ 8,400 over the weekend, the coin fell during today’s early morning hours to $ 7,900, but has since rebounded to about $ 8,000 at press time. It’s good news to know that while bitcoin failed to develop stronger resistance during its Sunday high, the drop wasn’t any worse.
Joining bitcoin with an exact-matching four percent drop in value is ether, which has fallen from approximately $ 537 to $ 503 at the time of writing. In addition, bitcoin cash, Ripple’s XRP and litecoin have all fallen by roughly three percent each.
