Today may prove to be somewhat of a difficult day for most cryptocurrencies. After nearly 10 days of solid upward momentum, the bearish pressure is forming quickly. A few currencies are still in the green whereas others are bleeding value. The Bitcoin Cash price, for example, has quickly lost 13.5% in value, which is still somewhat surprising. How low this price will go in the coming hours, remains difficult to determine. Bitcoin Cash Price Correction Sets in Anyone who has kept a close eye on cryptocurrencies for more than a few months will notice uptrends will not last forever. InPowered by WPeMatico
The first quarter of 2018 is on record as the worst in bitcoin’s price history. Just shy of 115 billion USD in market capitalization has been erased. Nearly half of its price from the start of this year is gone. For those relatively new to the ecosystem, it might seem like the time to panic […]
The crypto markets have been having an interesting week to put it mildly. Seas of red and deep cuts have had the vultures circling, the weak hands folding, and the naysayers expending their lifetime’s allocation of “I told you so’s”. While the last two weeks have been painful for anyone who bought bitcoin in December […]
It has been coming for a while now, but the Bitcoin price has dropped firmly below $10,000 again. Many people thought we were out of the woods last week, but the real price correction had yet to take place. As a result, we now look at a Bitcoin price of just $9,500, and it seems the bottom is not in sight yet. It would not be unlikely to see the Bitcoin prince find its first real support well below $8,500. The Expected Bitcoin Price dip has Arrived No one takes pleasure in seeing the Bitcoin price drop below $10,000 right
We’re a week out from the largest correction the cryptocurrency market has seen since the Mt. Gox crash, and it looks like the market still isn’t done playing possum. Prices continued to bleed this Monday after a weekend dip that had most coins down from their 24hr highs. As crypto’s total market cap flirts with the $500bln threshold, you may be wondering, “Is last week’s correction still in full swing?” Please Sir, Can I (Not) Have Some More? If you’re asking whether or not we’ve seen the last of last week’s devastating correction, you’re not alone–I promise. While there’s no
Anyone glancing at their Blockfolio app on Tuesday morning would have been in for a rude awakening. With every single cryptocurrency drowning in a sea of red, newcomers could have been forgiven for feeling a little queasy. A drama-filled day, dominated by negative news from South Korea and China, saw bitcoin fleetingly kiss four figures […]
The overall cryptocurrency market seems to have stabilized after a correction that lowered its total capitalization to below US$450 billion last week. That said, the market has yet to convincingly bounce back to pre-correction levels, as its market cap continues to drift between US$500 billion and US$600 billion. The Bears are Back November and December saw record highs across most cryptocurrency markets. The total market cap increased a staggering US$350 billion from the beginning of November to its December peak, and top 10 coins repeatedly hit new all-time highs over the course of this latest market run-up. Nothing lasts forever, however, and these fortunes faded almost as quickly
It is safe to say the Bitcoin price crash wasn’t something most people had expected. Although all financial markets need a healthy correction after an extended period of steady gains, people assumed the Bitcoin price would be somewhat immune to this trend. The reality is a very different, although there are still some oddities about this sell-off which raise questions. For now, it seems all markets are slowly recovering. Bitcoin Price Rollercoaster is Back on Track No one likes to see the Bitcoin price go down by 25% in a matter of hours. This trend started materializing last night and