Bitcoin has gained back the $200 it lost yesterday. At press time, the currency is trading for just under $7,100. Nothing huge, but that’s still better than yesterday’s “high” of $6,900. The major sentiment is that the alleged death cross has failed; bitcoin’s level of resistance has strengthened, and the low points are possibly over and done with. One source suggests that bitcoin’s ongoing slumps may finally be at an end, and recovery is on the way. Additionally, while the price has shown major vulnerabilities to newfound market trends and news stories, trading and popularity amongst cryptocurrencies in major hubsPowered by WPeMatico
Bitcoin has endured another small slump. After spending nearly 24 hours at $7,100, bitcoin’s price has dropped by $200 and now stands at $6,900. This has become something of a routine over the past two weeks. Bitcoin jumps a bit, then falls a bit. While nothing huge appears to be happening, bitcoin resistance levels seem stronger when compared to just three years ago. Previously, Thomas Lee of Fundstrat fame claimed that bitcoin mining was no longer profitable, and that miners were simply “breaking even” between what they were spending to extract coins and what they were officially earning. That, however,
Bitcoin’s price has incurred a small jump. After yesterday’s trading lows of $6,600 – $6,900, the current mark for bitcoin’s price is just under $7,100 – a small, but noticeable step forward after what can be labeled a very tumultuous week. For the most part, however, cryptocurrencies remain in the red, with major bitcoin competitors like ether trading at just under $400 and litecoin sitting at about $116. Other currencies, like Ripple’s XRP and bitcoin cash, are down approximately 20 to 30 percent from last week’s figures. Overall, the market has lost a total of nearly $114 billion, though today
Bitcoin’s price is currently hovering at around $6,900. This is a $500 drop from where it stood yesterday, but about $300 stronger than today’s low of $6,600. At press time, most cryptocurrencies appear to be in the red. Ethereum has grazed a new low, and is presently trading at about $376, while Ripple has lost an additional $0.10 and is trading in the $0.40 range. The consistent price drops and volatile nature of cryptocurrencies are causing several financial establishments to lose trust in them. Thus, more banks are taking what they consider to be necessary stances against digital assets and
Another drop is in the books, and bitcoin is hovering at a monthly low of approximately $7,400. While predictions remain relatively varied, some believe that bitcoin may be heading towards a “death cross,” and that the price could drop to new levels before any serious recovery is experienced. First and foremost, a death cross occurs when an asset’s short-term average sinks lower than its long-term average. Sadly, this has occurred with bitcoin, as the currency’s 50-day marker is now lower than its 200-day marker. The currency has been hit with multiple marketing and advertising bans from major internet players including
Bitcoin is holding its ground at $7,900. There is no news to report regarding its price – only that it seems to have developed new levels of resistance and could remain here over the coming weeks. This isn’t necessarily a bad thing; bitcoin is showing strong defense against recent trends and backlash, particularly that which was delivered by Twitter. The company recently announced that it was suddenly banning all cryptocurrency and ICO-related ads after previously stating that changes weren’t likely to hit the industry for a minimum of two weeks. Either Twitter executives felt fear and decided to act quickly,
Bitcoin is holding firm at $7,900. While this is a serious drop from its weekend mark of $8,600, there have been no significant changes since March 26, though it was trading for about $8,100 in the evening hours. A $200 rise and fall window is nothing to be terribly concerned about, though it does suggest the currency is experiencing a stronger point of resistance than in has in recent weeks. Today, the ban of cryptocurrency and ICO-related ads takes full effect on social media giant Twitter. The company is following in the footsteps of Google and Facebook, and has become
After maintaining a relatively healthy position for most of last week, bitcoin has fallen to a low mark of $7,900. This is a near $1,000 drop (seven percent) from where it stood just 48 hours ago. The primary sentiment is that Twitter is responsible. The social media giant recently shocked the world by announcing that it would ultimately start banning cryptocurrency and ICO-related advertisements as early as tomorrow, March 27. The company had originally informed audiences of its goals about a week ago, but said that it would take time to decide on the best route. While the ban seemed
Bitcoin has endured another $300 slump. After trading at nearly $8,900 and giving many advocates hope that it could potentially reach $9,000 in the coming days, the father of cryptocurrencies has ultimately shrunk back. Overall, both bitcoin and ether fell nearly four percent from yesterday’s “highs” following what appeared to be a steady week of small, yet noticeable growth. Analysts widely claim that the jump may have been a result of bitcoin striving to spike above fear surrounding Binance, the Hong Kong-based cryptocurrency exchange also operating in Japan. “Land of the rising sun” regulators had given Binance a warning memo
Cryptocurrency markets are bouncing around in value over the course of the weekend as the entire crypto-market capitalization currently rests at $329 billion USD. BTC/USD markets briefly jumped above the $9K region on Sunday, March 25 but dropped an hour later to a low of $8,398. Most of the digital currencies within the crypto-economy have […]