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When Cryptocurrency Will Recover

Will Coins Recover From Their Slump In 2018?

Will Coins Recover From Their Slump In 2018?

Forex Brokers > Cryptocurrency > Will Coins Recover From Their Slump In 2018? Will Coins Recover From Their Slump In 2018? Year 2017 was a go-go period in the coin markets as many coins reached all-time highs. However, this year, 2018, has begun in the opposite fashion with the same coins dropping to month lows and wiping off a large portion of their market cap. Today, the overall value of coins has stabilized somewhat and even shows signs of recovery, but were not there yet. The question now remains to be whether coins will once again experience last years hype. (Do you know: What will happen to Bitcoin in 2018? ) By the 7th of Jan this year, the total market cap reached a peak of $830 billion. Just a month later, though, over 57% of this market cap had been wiped off to reach $347 billion. Bitcoin, for example, reached an all-time high of $20,000 around the 17th of Dec 2017, but then dropped to $6,000 in less than two months on the 6th of February 2018.The story was the same for nearly all other coins too, with the exception being Tether that remained stable throughout the selloff. ( How did Tether (USDT) survive the month's massive coin selloff? ) Before we try to predict how coins will perform in 2018, it is important to first find out why the slump occurred in the first place. The main reason has to do with government intervention within key markets. In September last year, the Chinese government completely banned ICOs in the country. A few weeks later, there were rumours that they also intended to ban all coin trading as well. ( What is An ICO and How Can I Make Money On It? ) As we now know, those rumours came true and the Chinese authorities did ban all trading of coins, leading to the shutdown of several major coin exchanges. Of course, they couldnt completely Continue reading >>

Bitcoin Price Continues To Recover After Punishing January And Fears Of A Crash

Bitcoin Price Continues To Recover After Punishing January And Fears Of A Crash

Bitcoin price continues to recover after punishing January and fears of a crash Bitcoin price continues to recover after punishing January and fears of a crash The losses of the last week have almost been entirely recovered but cryptocurrencies' value is still far lower than it was in December Bitcoin's value appears to be recovering after a horrifying few weeks for those who are invested in it. All cryptocurrencies have been gradually sliding since January, after a huge run towards the end of last year. After almost reaching $20,000 in December, the price is now way below half that, and looked to be in an unending slide. Now the price of bitcoin appears to be picking up a little, at least for the moment. The last three days have seen a stronger performance, after the market apparently bottomed out. Designed by Pierpaolo Lazzarini from Italian company Jet Capsule. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea The giant human-like robot bears a striking resemblance to the military robots starring in the movie 'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Engineers test a four-metre-tall humanoid manned r Continue reading >>

Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple And Litecoin

Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple And Litecoin

Home Cryptocurrency Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple and Litecoin Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple and Litecoin Mukta Samtani, MBA, PhD Profit Confidential 2018-01-18T08:27:16Z 2018-01-18 08:27:16 will bitcoin go back up will ethereum go back up will ripple go back up will litecoin go back up bitcoin price ethereum price ripple price litecoin price cryptocurrencies The cryptocurrencies have started to recover and Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are trading in the green. Cryptocurrency [caption id="attachment_111151" align="alignleft" width="300"] flickr.com/Namecoin[/caption]The crypto carnage has come to a halt for the time being, and everyone is busy assessing the damage done. The top digital currenciesBitcoin, Ethereum, Ripple,and Litecoinare showing an uptick after suffering severe damage over the last few days. Although it has brought some relief to see green on the screen, the question now is: Will cryptocurrencies recover to their previous highs? Will Bitcoin go back up together with the other top digital coins?To answer these questions, let us first recap the main events that led to this bloodbath.Last week, it was reported that South Korea planned to ban its domestic crypto exchanges in the wake of rising investor interest from all quarters. The government was concerned about the rising speculation in the cryptocurrency market and wanted to enforce stricter regulations. As we had written earlier, the entities flouting know-your-customer (KYC) and anti-money laundering (AML) rules were the targets of this campaign. However, there was no clear message conveyed and the resulting uncertainty led to the fall in the cryptomarket. And earlier this week, Reuters reported about a senior Chi Continue reading >>

Bitcoin Price And Cryptocurrency Markets Recover

Bitcoin Price And Cryptocurrency Markets Recover

Bitcoin Price and Cryptocurrency Markets Recover By Rakesh Sharma | February 23, 2018 9:50 AM EST Winklevoss Twins Unveil Proposal for Self-Regulation of Crypto Markets Bitcoinprices and cryptocurrency markets have improved marginally in the last 24 hours. At 13:20 UTC, the price of a single bitcoin was $10,217.41, up 3.94% in the last 24 hours. Earlier this morning, it had dropped to a low of $9,676.90. South Koreans have buoyed the originalcryptocurrency once again, and it is changing hands at a kimchi premium of $200 in exchanges there. But chances that bitcoin will sustain the current uptick in prices are low . Among the top 10 most valuable cryptocurrencies, Litecoin and Bitcoin Cash both of which had sustained the biggest losses yesterday recovered partially. Litecoin was up by 6.15% while Bitcoin Cash increased by 6.42% in its price in the last 24 hours. The overall market capitalization for cryptocurrencies was $453.2 billion at 13:52 UTC, up 5% in the last 24 hours. Bitcoin is expected to undergo 50 forks this year. (See also: Will Bitcoin Undergo 50 Forks In 2018? ) They are an excellent opportunity to purchase or get a new coin for cheap (or free). If your research is thorough, then the coins price will go up. Case in point: Bitcoin Cash. Tom Lee from Fundstrat Advisors, an early bitcoin proponent, has come out with a list of scheduled forks and airdrops that will generate coins which may provide competition to bitcoin. Included among these are forks of Bitcoin Private (on Feb. 28) and Moneros fork of MoneroV (on March 14). Meanwhile, regulators around the world are still grappling with the hydra-headed monster of cryptocurrencies to bring it within a legal framework. (See also: Bitcoin Government Regulations Around The World ). This morning, John Glen, the Continue reading >>

Singapore Central Bank Head Hopes Crypto Will Recover After Prospective Crash

Singapore Central Bank Head Hopes Crypto Will Recover After Prospective Crash

Singapore Central Bank Head Hopes Crypto Will Recover After Prospective Crash The director of Singapores central bank hopes cryptocurrency will recover after the fever has gone away. Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), expects the cryptocurrency market to recover after a prospective crash, as reported by CNBC . In an interview Monday, Jan. 15, Menon told CNBC: "I do hope when the fever has gone away, when the crash has happened, it will not undermine the much deeper, and more meaningful technology associated with digital currencies and blockchain." Menon apparently specified neither when he expects said crash to take place, nor what could potentially cause it. So far, Singapores central bank has taken a moderately suspicious stance towards cryptocurrencies, citing a need to remain alert to money laundering and other potential risks. Still, MAS sees no need to regulate the industry as of yet. "As of now I see no basis for wanting to regulate cryptocurrencies," Menon stated in an interview with Bloomberg in October 2017. Although MAS does not have any short-term plans to regulate digital currencies, it issued a warning in December 2017 about the significant risks of dealing with crypto and advised the public to act with extreme caution. Adding to his Monday statements, Menon said that he would not exclude the possibility of Singapores central bank issuing a cryptocurrency directly to the public, although he is not sure if its a good idea. Continue reading >>

2018 Predictions: Where Bitcoin Will Be In 6 Months

2018 Predictions: Where Bitcoin Will Be In 6 Months

2018 Predictions: Where Bitcoin Will Be in 6 Months 2018 looks like a crucial starting for cryptocurrency and now its hard to make people believe bitcoin is going to be back and with the same value. After such a great setback its not easy to make a quick recovery in the market. Bitcoin has lost about $50 Billion of its value in the market and most of the traders rush to the market to sell their coins. People have always seen bitcoin as a source of getting rich quickly but there are very few who can watch this as a trading asset for a long time. Experienced analyst all over the world predicted that most of the coins will gain their lost value until the mid of 2018. Cryptocurrency will take time to stabilize and you can see cryptocurrency as an independent currency in June/July. Experts said that in 6 months bitcoin will get back to the value of $15,500 for sure. This may be possible only if countries will allow this currency to get stable. According to the experts, bitcoin is fluctuating due to the major factors and these factors are affecting its value badly. Bitcoin is going through the outside challenges including regulations. According to the Derig Ceg Founder and CEO of Richtopia said that if regulations are going to get stable soon then bitcoin can achieve the target of $50,000 until December easily. If countries like China, South Korea, and India will decide about regulations and stop being confused nations then bitcoin can start choosing its valued accordingly. Bitcoin can improve the technological structure of the world only when factors will be in the favor of cryptocurrency so not only bitcoin but other coins can grow well in the market too. As per experienced analysts, bitcoin is going to write history after reaching the $50,000 in just a year. Continue reading >>

Bulls Are Back In Town: Cryptocurrency Market Cap Achieves $89 Billion Recovery

Bulls Are Back In Town: Cryptocurrency Market Cap Achieves $89 Billion Recovery

Bulls Are Back in Town: Cryptocurrency Market Cap Achieves $89 Billion Recovery Join our community of 10 000 traders on Hacked.com for just $39 per month. The bulls are back in town or at least, thats the impression one gets from the charts this morning. Remarkably, the 100 largest cryptocurrencies all rose against the US dollar on Wednesday, and even more astonishingly each one achieved a double-digit percentage advance, excluding the USD-pegged Tether. For the Bitcoin price, the day brought a 26 percent recovery, while Ethereum managed to achieve a 30 percent return. Altogether, the cryptocurrency market cap surged by $89 billion, a 24-hour increase of 29 percent. The rally appeared at least partially linked to Tuesdays US Senate hearing on cryptocurrencies, which some feared would inject more uncertainty and bearish news into the already-battered cryptocurrency markets. However, regulators largely stuck to the script during the meeting, and some cryptocurrency enthusiasts joked that Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo should run for president after he used the word hodl and reminded the committee that blockchain originated from Bitcoin not the other way around. While its unlikely that the positive reaction to this hearing affected the global cryptocurrency markets to such a great degree, it did provide investors with hope in what has been an otherwise-difficult week for hodlers. The Bitcoin price lagged the index slightly on Wednesday, but no one will complain about the flagship cryptocurrencys 26 percent recovery. Bitcoin is now trading at $8,069, just one day after slipping below $6,000 for the first time since November. Bitcoin now has a market cap of $138.7 billion. The Ethereum price , meanwhile, outperformed the index Continue reading >>

Bitcoin Prices Rise Ahead Of G-20 Cryptocurrency Talks | Fortune

Bitcoin Prices Rise Ahead Of G-20 Cryptocurrency Talks | Fortune

A weekend selloff cryptocurrencies subsided, with Bitcoin rallying from a six-week low before Group of 20 finance ministers and central bank governors discuss digital assets in Buenos Aires. Bitcoin traded at $8,235 as of 11:20 a.m. in Hong Kong, up 12% from its low reached over the weekend, according to prices on Bitstamp. Rival coins Ripple and Ether also pared weekend losses. Traders are watching this weeks G-20 meeting for any signs of a coordinated clampdown by regulators, who have been stepping up scrutiny of digital assets in recent months amid concerns ranging from money laundering to tax evasion and fraud. While cryptocurrencies are currently too small an asset class to pose systemic risks to the financial system, that may change as the space continues its rapid evolution, Mark Carney, chairman of the Financial Stability Board, said in a letter to G-20 finance leaders published Sunday. The biggest concern the regulators have is just that they dont want unsuspecting consumers to get caught up in something theyre not familiar with, so theyre always erring on the side of caution, Stephen Innes, head of trading for Asia Pacific with Oanda Corp., said in a phone interview from Singapore. In the meantime, individual investors have been looking for opportunities to buy dips, Innes said. I dont think that mentality is going to pull up any time soon. Right now the guideposts markets are using for support is around $7,500 and $11,000 on the top side. Continue reading >>

Mikhail Mashchenko Says Bitcoin Will Not Recover Until The Current Panic Ends

Mikhail Mashchenko Says Bitcoin Will Not Recover Until The Current Panic Ends

Mikhail Mashchenko says Bitcoin will not recover until the current panic ends Mikhail Mashchenko says Bitcoin will not recover until the current panic ends Bitcoin fever must end for the currency to recover Towards the end of 2017 Bitcoin and other cryptocurrencies suffered major setback with the currencies dropping continuously until February 2018. All the drop was attributed to regulation talk which was all over the media with some of the countries threatening to completely ban Bitcoin. The drop has however stopped but Bitcoin has not yet recovered to its all-time high which it hit in December 2017. Bitcoin may not regain its full potential until the panic among investors is gone. According to Mikhail Mashchenko, who is an analyst at eToro: Growth will be hard until the current panic ends and that may take several weeks or even months. Mashchenko went on to state that: Those who wish to invest in cryptocurrency this is the right time instead to waiting for the exchange rate to go up to maximum highs. Last week there was a massive sell off which was triggered by a panic on the US stock markets. There was also a panic in the market during the regulation hearing by the US Senate. Analiticas analyst Nikolay Kotov told Cryptona that the current prices were giving investors a good opportunity to buy Bitcoin. He insisted that this years sell off is not the first time and that there have been similar hard periods in the crypto-markets before. This history of stock markets keeps repeating itself. Its very hard and even unfair to make conclusions because of a bearish candle in BTC/USD pair. I am personally buying Bitcoin and Ethereum and will take long-term positions with targets of 33% higher than the previous local highs.Kotov sated. Today cryptocurrencies were recovering ve Continue reading >>

Coincheck Hackers Move Cryptocurrency To Stymie Recovery

Coincheck Hackers Move Cryptocurrency To Stymie Recovery

Coincheck hackers move cryptocurrency to stymie recovery Funds tracked to about 20 wallets, potentially involving innocent holders Exchange rates including XEM -- the unit of the NEM currency stolen from Coincheck Reuters TOKYO -- The 58 billion yen ($532 million) worth of NEM digital currency recently stolen from a Tokyo exchange has been shifted to about 20 different accounts, in what experts see as an attempt to disrupt recovery efforts. The account to which the money was initially transferred is being monitored, likely prompting the hackers to try to spread the funds around as quickly as possible.The NEM Foundation, the international group that manages and promotes the currency, on Wednesday confirmed it had spotted movement into multiple accounts. Coincheck, the operator of the hacked exchange, intends to ask the account holders to return the currency. But the more the money moves, the harder it will be to get it back. The hackers extracted the funds into the initial account last Friday, then transferred some of it into several other accounts. Late on Tuesday, money was again shifted from the initial account into nine other unidentified accounts in 14 relatively small transfers. These transactions amounted to only 1,100 XEM -- the unit of NEM -- compared with the 520 million XEM the hackers snatched. It took only about 30 minutes to make the transfers. This brought the total number of accounts involved to around 20. An official of a virtual currency exchange operator believes the recent moves are aimed at "disrupting the supervision system." The official speculated that Tuesday's transfers involved "mainly accounts that have had some interaction with [the hackers' original] account since the incident, such as sending NEM" even out of curiosity. This leaves open th Continue reading >>

Will Bitcoin Price Always Bounce Back? | City & Business | Finance | Express.co.uk

Will Bitcoin Price Always Bounce Back? | City & Business | Finance | Express.co.uk

LiteCoin is going down with the market dip [coindesk.com] You will see big price swings as particular countries declare their positions, but bear in mind there will be bad as well as good news. Mr Skwirczynski also believes crashes - or bubbles bursting - can do the industry a strong favour in the long run. He said: Think back to the dotcom crash, which in the long run did the tech sector a huge favour by unleashing a rapid natural selection within the sector, which came back stronger than before. When explaining what is meant by correction of bitcoin - which is referred to on the table - Ms Feldmeier said: In theory the price of bitcoin should develop along the relationship between supply and demand. The supply function is a mathematical formula, which nobody can change and it is given. She described the demand as having two sides to - the fundamental part and speculative. She said: The fundamental part, here the bitcoin demand will grow with bitcoin moving into the mass adoption phase - when people around the world start to use it for remittances and salary payments. The speculative part is when more people start to believe it is a digital gold with unlimited upside price potential. This is what we have seen in the last months of 2017. Since April 2017 to the peak of 19.500 in December price of bitcoin increased almost x20. Even in comparison to the highest price increase we have ever seen before: back in 2013 when the price of bitcoin grew x10 - this is the rally we have never seen before. The people who have invested into bitcoin and have researched the cryptocurrency all seem to share a similar opinion. This is a blimp but the cryptocurrency will bounce back. As Ms Feldmeier said: In short: BTC is going to stay a highly volatile and speculative asset for the next Continue reading >>

Crypto Outpacing Stocks As Altcoinsrecover

Crypto Outpacing Stocks As Altcoinsrecover

Crypto Outpacing Stocks as AltcoinsRecover How many times? How many times have we seen Bitcoin fall to only get back up again . Experts are saying Bitcoin could reach as high as 50k this year. Well, the Crypto bulls are back in town: cryptocurrency market cap has just achieved an $89 billion recovery. Whats the moral of the story? Dont get caught up in headlines. With the 100 largest cryptocurrencies all rising against the US dollar on Wednesday, it was double-digit time too. So after 20 percent gains, here we go again. You can regulate them, you can beat them up with a falling stock market, but cryptocurrencies and crypto assets are the future. The five day plunge will take some time to correct itself, its not quite over yet. Ethereum at one point, had a 30% jump over a 24 hour period. For crypto it was kind of a big day. The heads of two major US regulators testified in front of a congressional committee about cryptocurrencies, initial coin offerings, and the regulation of them. Crypto volatility is nothing new but the recent movement is a bit like the stock market in recent days. After peaking at about $834billion on January 7, the market plunged an eye-watering 66 percent, wiping out some $553billion, according to CoinMarketCap. Currently, the total market cap of all cryptocurrencies is estimated at over $390 billion, with bitcoin representing 35 percent of that figure. The competitiveness of the altcoins not named Bitcoin is increasing, and many are wondering if as Bitcoin rises back up again they will de-tether themselves increasingly from the price of BTC in the later part of 2018. Bitcoin (BTC) fell as low as $6,048 on Tuesday its worst price since November 13. It made 2017 feel like a long time ago, but inspite of increasing regulation, the popular momentum of Continue reading >>

Bitcoin Price - Latest Updates: Cryptocurrency Surges Towards $10,000

Bitcoin Price - Latest Updates: Cryptocurrency Surges Towards $10,000

Bitcoin price - latest updates: Cryptocurrency surges towards $10,000 The value of the digital currency has shifted wildly over recent weeks. This article is being regularly updated with the latest changes The value of bitcoin has seen significant gains over the last week, following a period of relative stability hoveringabove $9,000. If it continues its good form, it could break above $10,000 in the coming days. The volatile cryptocurrencys price has shiftedwildly eversince mid-December - whenit hit a record high of more than $19,850 (14,214)- with frequent heavy drops and speedy recoveries. Its priceplummet back to earth in January and February, as governments and central banks around the worldraised the spectre of future regulation. Bitcoins value plummeted again shortly before Christmas, dropping by almost $2,000 (1,449) in just an hour at one point, and almost slipping below the $11,000 mark (7,970). It then bounced back, before tumbling again in mid-January, recovering again, and plummeting at the start of February before levelling out for the rest of the month. March saw bitcoin's price drop below $10,000, reachinga low of $6,500 before rebounding above $7,000. Aside from the looming prospect of regulation, aseries of high-profile thefts have also had a hand in the sudden rapid dips in value bitcoin and its rivals have experienced - the most recent of which was a failed raid on the Binancecryptocurrency exchange . Google's announcement that it would ban cryptocurrency advertising from its pages from June on the grounds that it considers it "deceptive content" was also a major blow to the sector. Recent goings-on have demonstrated just how quickly things can change for investors. It is worth $9,675as of Fridaymorning, up from around $6,500 in early April, accordi Continue reading >>

How The Cryptocurrency Market Will Recover

How The Cryptocurrency Market Will Recover

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. In the past month or so, bears have ruled the cryptocurrency market. You may not think that's a very long time, but given how fast the cryptocoin market moves, this is not some temporary flash crash. It's a hefty correction that threatens to turn into a bear market, akin to Bitcoin's slump in Jan. 2014, when price went down for about a year before they started rising again. SEE ALSO: Say hello to Buttcoin and the community celebrating Bitcoin's fall At roughly 137 billion dollars, Bitcoin is still the largest cryptocurrency by market cap, and it's still leading the market; when Bitcoin experiences a big drop, other coins follow. But why is the price of Bitcoin going down? Well, the factors are numerous, and they start with tremendous growth Bitcoin has experienced in the last year or so. Even at current price of $8,400, it's still up roughly 850 percent year-over-year. If you're an early investor, there's still a lot of room there for profit taking. Typically, an asset's price won't drop far below the market's assessment of a fair price or at least it won't stay there too long. Apple stock might fall on news about bad iPhone sales, but if the company's revenue is up exactly what happened last week you won't see a huge selloff. The total market cap of all cryptocurrencies has dwindled significantly since its peak in early January. But if you're trying to determine a fair price for Bitcoin, you'll likely hit a wall. Bitcoin's fundamentals are notoriously hard to define . Large developmental changes are either absent or far off at this point. Retailers are shunning Bitcoin as of late, and most people that bu Continue reading >>

Cryptocurrency: Bitcoin Is Bouncing Back After This U.s. Senate News | Inverse

Cryptocurrency: Bitcoin Is Bouncing Back After This U.s. Senate News | Inverse

Bitcoins month-long slide may be coming to an end. The cryptocurrency was part of a major boost in the markets on Wednesday, as investors reacted to news that the United States Senate may be considering a warmer approach to Bitcoin. Cryptocurrencies across the board reported gains, and one watcher even predicted Bitcoin could reach $50,000 in the next 12 months. It was a strong day for cryptocurrencies across the board according to tracker CoinMarketCap . Bitcoin jumped 13 percent over the space of 24 hours to reach $8,059 with a market cap of $135.8 billion. Ethereum, still the second-largest token on the market, jumped 12.62 percent to a token price of $810.37 and a market cap of $79 billion. The best performer of the day was Ethos, with a 45.7 percent boost in value to reach a price of $4.21 and a market cap of $318 million. All but one of the 100 largest cryptocurrencies reported gains. The rally comes one day after a Senate Committee on Banking, Housing and Urban Affairs that looked at cryptocurrency regulation. Industry observers were pleased with the measured tone of discussion and deep knowledge from participants. As a lawyer and a criminal defense lawyer in particular I was heartened to hear acknowledgment that existing laws suffice to address age-old human conduct, attorney Zoe Dolan told CoinDesk . Fraud is fraud. It comes just one day after a chart shared by Chris Weston, chief market strategist for trading platform IG, seemed to suggest bitcoin was behaving like a regular bubble: Fairly scary chart of the day..The classic phases of a bubble vs the daily chart of Bitcoin pic.twitter.com/0q28NDcLyS Chris Weston (@ChrisWeston_IG) February 6, 2018 Other watchers were bullish about the prospects of a market recovery, with the potential of upgrades to the way Bi Continue reading >>

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