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Is Ethereum Going To Crash

Cryptocurrency Crash: Bitcoin, Ripple, Ethereum Bubble Pops | Money

Cryptocurrency Crash: Bitcoin, Ripple, Ethereum Bubble Pops | Money

The cryptocurrency market, long described as a bubble thats bound to pop , is crashing hard this week. Several cryptocurrencies decreased by more than 25% over the past 24 hours, and $100 billion in value simply disappeared in a single day. Bitcoin, the leading cryptocurrency, is down more than 60% off its all-time high hit less than two months ago. The value of each unit of Bitcoin dropped as low as $7,700 on Friday, compared to $10,000 on Wednesday and around $20,000 at its peak in December. Other cryptocurrencies are plummeting in value as well, with Ethereum , Litecoin , and Ripple decreasing at least 25% over the past 24 hours. Ethereum dipped from $1,100 to as low as $830, while Litecoin fell from $150 to $115, and Ripple plunged from over $1 to $0.72. Lesser-known cryptos, like Stellar and Cardano, are down more than 35% in the past 24 hours, according to the digital currency-tracking site CoinDesk . Overall, the total market capitalization of all cryptocurrencies taken together has dropped more than $100 billion, the site reported. Ripple was a particularly hot cryptocurrency investment at the end of 2017 and start of 2018, skyrocketing from $0.25 to over $3 in less than a month. It is now down more than 75% off its peak, including a 35% drop just within the past 24 hours. In other words, if you invested $1,000 in Ripple yesterday, it could be worth as little as $650 today. Youd be in even worse shape if you purchased Rippleor Bitcoin, Ethereum, or any other cryptowhen the market was peaking. A $1,000 investment in Bitcoin in mid-December would be worth less than $400 right about now. Whats happening? Its difficult to explainother than saying that the drastic decrease in cryptocurrencies makes about as much sense as their insane rise in 2017. In other words: No Continue reading >>

Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider

Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Cryptocurrencies swing wildly on Friday, with bitcoin falling as low as $7,700 per coin before rebounding sharply. Ethereum, Litecoin, bitcoin cash, and Ripple all followed a similar pattern. Concerns over regulation, an advertising ban from Facebook, and investigations into the cryptocurrency tether have all hurt sentiment during European trading. UPDATE: Bitcoin is back below $8,000 per coin on the morning of Monday February 5. Click here for the full story. LONDON Cryptocurrency markets are swung wildly on Friday, after a major early morning crash gave way to an afternoon rebound. During European morning trade on Friday, the price of virtually every major cryptocurrency dropped more than 15% as investors remained spooked following bitcoin's fall below the key $9,000 support level on Thursday. "The wheels are coming off the bitcoin bandwagon," Neil Wilson, a senior market analyst with ETX Capital, said in an email this morning. "The regulatory crunch appears closer than ever and sooner or later this market could be headed back down to earth. Selling pressure at the moment is intense as there has been nothing but bad news for bitcoin bulls of late." Bitcoin crashed as low as $7,700 during the collapse, losing roughly 15% of its value at one point. Other major cryptos fell even further, with Ethereum down as much as 23% at one point. By the European afternoon, however, prices have bounced back sharply, and by 4.50 p.m. GMT (11.45 a.m. ET) bitcoin was actually in positive territory on the day, trading at $9,130. Although there was no immediately obvious catalyst for the rebound, it coincid Continue reading >>

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Look away now if you own bitcoin or other cryptocurrencies. This wont be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isnt in the red over the past 24 hours. Thats Tether. Its a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. Finally, a little green ink at number 25 Like all things crypto price related, it isnt clear what is driving the changes. A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges. The country banned Chinese exchanges and ICOs last year. Last week, it emerged that the central government is working to drive out Chinas bitcoin miners, who are thought to account for the majority on the planet. Many of the bigger names are already expanding overseas in preparation but the news jolted the market. Theres also been plenty of speculation around Koreas plans to regulate crypto, although the government has since clarified it doesnt plan an all-out ban on bitcoin and crypto trading. Crypto being crypto, there are some alternative theories, too. Weve been here before, of course the headline to this story may seem familiar. The crypto market suffered Continue reading >>

Why Is Ethereum, Bitcoin Crashing? Cryptocurrency Reacts To Rules

Why Is Ethereum, Bitcoin Crashing? Cryptocurrency Reacts To Rules

Why Is Ethereum, Bitcoin Crashing? Cryptocurrency Reacts to Rules Whether it's a long-term dip is another question. Cryptocurrency had a bad day on Friday, with over $100 billion in total market value shed over the space of 24 hours. The industry faces regulations from India, South Korea and others, while controversies surrounding exchanges have caused fear among investors. However, watchers following the market are less concerned that this points to a long-term drop. Losses were reported across the board . Bitcoin cemented its position below the $10,000 mark, dropping nearly seven percent over the space of 24 hours to reach $8,703. Ethereum dropped 15 percent to reach $927.78 per token. The worst performer of the day, Ardor, dropped almost 25 percent in value to reach a total market cap of $470.7 million. Out of the 100 largest cryptocurrencies, 92 reported losses over the 24-hour period. But while the short-term figures seem bad, watchers are less concerned as they see long-term value in cryptocurrency. Weve been here a thousand times before, its gone up, its gone down, its not new, Chris Wilmer, professor at the University of Pittsburgh and co-author of Bitcoin for the Befuddled, tells Inverse. Wilmer pointed to a 2011 article in Wired entitled The Rise and Fall of Bitcoin where the price dropped from $29.57 to less than $5. Bitcoin would go on to reach highs of $19,535 in December 2017. The revolution will not be televised. It'll be sent to your inbox by us. In the cryptocurrency subreddit, users shared tips about the ongoing dip. A user called ninemiletree , whose comment reached the top of the daily discussion, quelled fears about a permanent drop: Cryptocurrencies are here to stay. They will only get bigger, more ubiquitous, and more well adopted. As they grow, Continue reading >>

Ethereums Ico Whales Can Crash The Market At Any Time

Ethereums Ico Whales Can Crash The Market At Any Time

Ethereums ICO Whales Can Crash the Market at Any Time Crypto whales are generally thought of as wealthy traders with the ability to move markets via a single sell order. Yet the greatest whales of all arent traders but ICOs which own millions of ether worth billions of dollars. Over 3% of the total ethereum supply is estimated to be in the hands of ICOs, and when those projects cash out, as periodically happens, the effects can be dramatic. Also read: The Mt Gox Whale Explains His Crypto-Selling Strategy Ethereum Is at the Mercy of ICOs Cashing Out On Sunday, while the crypto markets were enduring yet more turmoil, ethereum took a sudden nosedive, going from $516 to $464 in under two hours. Up until then, it had been one of the more stable coins compared to alts still in the experimental stage, which have absorbed the worst of the losses. Ethereums flash drop made it one of the worst performers in the cryptocurrency top 100 yesterday, shaving around 16% off its valuation. The cause of the sell-off has been attributed to one of last years ICOs offloading a significant portion of its ethereum reserves. If so, its not the first time something like this has happened, and it certainly wont be the last. Deducing the total amount of ethereum that has been invested in ICOs is relatively straightforward. Around two thirds of the $5.7 billion raised by crowdsales in 2017 was in the form of ether. These projects are obliged to sporadically cash out their holdings for fiat currency, to cover expenses that cant be paid in crypto. And when they do, it makes sense for those projects to withdraw a lump sum. Whats good for them isnt necessarily good for the market though, especially traders whose longs are rekt by a sudden dump of ETH. Cryptocurrency markets are much less liquid than t Continue reading >>

This Weeks Bitcoin Crash Was All About Fraud And Regulation

This Weeks Bitcoin Crash Was All About Fraud And Regulation

This weeks Bitcoin crash was all about fraud and regulation Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been repeatedly accused of running a Ponzi scheme via its proprietary BCC currency. Taken together, these events may simply act as another reminder of the volatility of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th the day before it announced its closure. The value of Bitcoin plunged to a mere 50 percent of its 2017 peak In the United States, regulation has reared its head in the form of the SEC. Last month, its newly formed Cyber Unit pressed charges for the first time against PlexCorps, which was accused of defrauding investors through a questionable initial coin offering, or ICO. Almost a week later, SEC chairman Jay Clayton issued a warning on cryptocurrencies to investors, hinting that the commission would begin monitoring the market more closely for any potential violations of secu Continue reading >>

Cryptocurrency Price Crash Will Burst Bitcoin, Ethereum, Ripple Bubble | Metro News

Cryptocurrency Price Crash Will Burst Bitcoin, Ethereum, Ripple Bubble | Metro News

There may be trouble ahead for crypto investors (Picture: Getty/Metro.co.uk) People who invested in Bitcoin and other cryptocurrencies could soon lose all their money. Thats the warning from the European Union , which said the surging value of virtual currencies is a bubble which could burst at any time. Bitcoin, the most famous cryptocurrency, soared by more than 1,000% in 2017 but has already lost about half of its value this year as governments around the world threaten a clampdown on the unregulated market. Its dramatic price collapse has been described as a cryptopocalypse and a bloodbath . Yesterday, the European Unions banking, securities and insurance watchdog said the information given to people who buy digital dosh is in most cases incomplete, difficult to understand, does not properly disclose the risks and may therefore be misleading. Virtual currencies such as Bitcoin, are subject to extreme price volatility and have shown clear signs of a pricing bubble and consumers buying VCs should be aware that there is a high risk that they will lose a large amount, or even all, of the money invested, the warning continued. The price of Bitcoin has been on a rollercoaster ride over the past three months (Chart: Coindesk) A probe was requested by European Commission Vice-President Valdis Dombrovskis, who said last month that the bloc must prevent cryptocurrencies from becoming a token for unlawful behaviour. There will be a meeting of key authorities and the private sector very shortly to assess the longer-term situation for cryptocurrencies beyond current market swings, he said. Last week Germany and France asked the Group of 20 Economies (G20) to discuss possible regulation for cryptocurrencies at its next meeting. Markus Ferber, vice chair of the European Parliamen Continue reading >>

Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money

Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money

For the second time in less than three weeks, cryptocurrencies suffered a major correction. The 16 largest cryptocurrencies all saw major price declines over the past 24 hours, according to data from Coinmarketcap.com. Ripple, the third-largest digital currency, saw its price fall as much as 39% at one point. Bitcoin, the granddaddy of the crypto universe, saw its price fall as much as 14% on Monday. And Ethereum, the second-largest cryptocurrency which has gained in p opularity among businesses , dropped 12%, before rebounding somewhat. The question is why? Market watchers say you can point to one of three reasons: Investors are pointing to South Korean regulators as a possible reason for the latest declines. One of the greatest strengths but lurking weaknesses of cryptocurrencies is that they are largely unregulated by governments. This allows people to use them anonymously, which is also why criminals have taken to the online monetary system. But that means any whiff of new government oversight can make investors nervous. Last month, the South Korean government said it would increase its oversight of the digital currency market by banning anonymous crypto accounts and providing measures to shut down exchanges, if needed. And on Monday, South Korean officials inspected six major local banks, reviewing the institutions anti-laundering measures in connection with cryptocurrency trades. This spooked the global markets. We need regulators to look into the space more closely, the Korean exchanges have become crazy in terms of price differences so these regulatory actions would help the price stability, Naeem Aslam, chief market analyst at TF Global Markets told Bloomberg. Because it accounts for 35% of the total crypto market, Bitcoin is by definition the most influential Continue reading >>

Ethereum

Ethereum

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

Ethereum Crash Is Sign Crypto-mania Is Over

Ethereum Crash Is Sign Crypto-mania Is Over

Ethereum Crash Is Sign Crypto-Mania Is Over Building a brand-new cryptocurrency isnt as difficult as youd imagine. There are do-it-yourself guides available online. A simple Google search will return articles titled: How to Create Your Own Ethereum Token in an Hour, only to be one-upped by YouTube videos titled: How to Create Your Own Cryptocurrency in 15 Minutes. In 2017, the recipe for crypto success (or at least raising money) went like this: Publish a white paper and a road map that outlines your big idea, develop a token on a platform like Ethereum and then market this token directly to the public via social media. Raising startup capital no longer required painful meetings with venture capitalists and high-net-worth investors. No more wining and dining with Wall Street investment bankers to pitch to their investors. Better yet, no more Securities and Exchange Commission (SEC) regulations. With enough money to buy ads, anyone can build a large social media following. And with easy-to-launch crypto tokens, it became possible to turn this buzz into money via an initial coin offering, or ICO. It didnt matter if your crypto idea was terrible or your programming team lacked experience in blockchain development. If you had a catchy name and marketable logo, there was ample capital flooding the crypto markets looking for the next big decentralized idea. With a low barrier to entry and nonexistent regulations, entrepreneurs, speculators and (unfortunately) con artists jumped on the opportunity to create blockchain-based tokens, and sell them directly to the public. According to CoinDesk, crypto ICOs raised more than $4 billion in 2017, which was 100 times more than the total raised before the start of the year. In that same time period, CoinMarketCap estimates that the nu Continue reading >>

Ethereum Alumni And Cardano Creator Predicts A Cryptocurrency Market Crash

Ethereum Alumni And Cardano Creator Predicts A Cryptocurrency Market Crash

Ethereum Alumni and Cardano Creator Predicts a Cryptocurrency Market Crash Join our community of 10 000 traders on Hacked.com for just $39 per month. The creator of cardano portends that the cryptocurrency markets will undergo a serious correction that will help weed out projects with poor fundamentals. The 2017 market run-up injected hundreds of billions of dollars worth of capital into the cryptocurrency ecosystem, but many industry observers believe that the rally has been indiscriminate and could trigger a crash as investors gradually recognize that many projects have poor fundamentals. My personal opinion is that were going to see a consolidation after a crash, ethereum co-founder Charles Hoskinson told CNBC in an interview Friday. Hoskinson served as chief executive of the ethereum project during its early stages in late 2013 and early 2014. At present, he heads blockchain research firm IOHK, which is best known for its development of Cardano , which currently ranks as the fifth-largest cryptocurrency by market cap. The developer said that he believes the sheer number of cryptocurrencies with poor fundamentals makes a crash inevitable, as many of these projects are wildly-overvalued and ultimately unsustainable. The latest punching bag for analysts who share this opinion has been Dentacoin , a self-described blockchain solution for the global dental industry that currently boasts a market cap of $1.5 billion. Whats going to occur is a lot of these ventures that dont have strong fundamentals, dont have good tech, or just unrealistic projects, they will eventually run into some major wall they cant quite overcome, Hoskinson said. They will fracture up and you will see a lot of them are certain to fail. This, however, could not be realized for some time, as many pro Continue reading >>

Bitcoin Prices Crash Below $7,200 As Ethereum Drops Into The Red | Fortune

Bitcoin Prices Crash Below $7,200 As Ethereum Drops Into The Red | Fortune

Its been a nerve-wracking past few days for cryptocurrency investors. Bitcoin prices fell about 14% to $7,200 on Monday as major banks including Bank of America, J.P. Morgan, Citigroup, Capital One, Discover, and Lloyds say they have or plan to ban customers from using their credit cards to buy cryptocurrencies like Bitcoin. Adding to the slide: China said it would block websites offering cryptocurrency trading services and initial coin offerings using the Great Fire Wall . That comes after China banned cryptocurrency exchanges in 2017 . In the past week, Bitcoin investors have shed roughly $67 billion in value. The total value of Bitcoin in circulation is now around $125.8 billion as some investors worry about the digital coins long-term viability without the tacit support of major financial institutions. Its an even darker day for investors who may have bought into the asset at its peak of over $19,500 in December. Since then, the value of their stake has fallen 63%. Fellow cryptocurrency Ethereum, meanwhile, is also now in the red for the year. Once considered the only cryptocurrency of threeBitcoin, Ethereum, and Ripple as ranked by market capto have made gains in 2018, Ethereum shed some 15% in the past day and now rests at $748. Ethereum is down roughly 1% year-to-date. Ripple is down 67% in the same period to 73 cents, while Bitcoin is down 48%. Investors also have continuing concerns about whether Bitcoin prices may be inflated due to a fellow cryptocurrency known as Tether. Continue reading >>

Will Ethereum Crash?

Will Ethereum Crash?

I see no reason why it would not crash. It would definitely crash, someday. If you are trying to time the market and thinking to invest in Ethereum when the market falls, then dont. I had a friend who had been thinking to invest in Ethereum when it was 50USD. But then price kept going higher and higher. He thought, next when it would come down to 75USD, he will invest. But that did not happen. Price kept increasing. And he was then waiting for the price to fall to 100USD. But like I said, it never happened. So, just a couple of weeks back, he invested. The cost of Ethereum was then 150USD. Just think, had he invested the same amount a month ago, he would have had 3 times more Ethereum than he has now. So, do not try to time the market. Because, you cant. No one can. The bottomline is, if you have 1000USD to invest, invest 600USD, and keep another 400USD with you. Use that money to buy Ethereum when it falls/dips. Happy Investing. Btw, I am Sanjib and I blog at Bharata Finance. Something always has a possibility to crash. Ethereum was designed very well and like other, it has its own problem. airplane was design very very well and it is considered as using a highest safety integrity level (SIL Level), will it crash? I dont know (but it has a possibility to crash). Application (DAO) and it smart contract may conflict one to each other as Linux and Windows also have this kind of problem. Ethereum biggest problem problem in basic is similar to Bitcoin problem, it has a problem with scalability. I had that problem many times (getting worse) and I predicted this problem before in my previous posting. Will the price crash (realy bad close to 0 - not an up and down, it is common: read this Why the Alts go down again and again after a rise? )? I dont think the price will crash, Continue reading >>

Ethereum Price Drop Today: How Low Will Ethereum Go? Why Is Eth Falling In Crash?

Ethereum Price Drop Today: How Low Will Ethereum Go? Why Is Eth Falling In Crash?

Ethereum price drop today: How low will ethereum go? Why is ETH falling in crash? Ethereum price drop today: How low will ethereum go? Why is ETH falling in crash? ETHEREUM plunged today in another cryptocurrency crash that has seen bitcoin and ripple both plummet into the red. How low will ethereum go and why is ETH falling? Ethereum is facing intense pressures as it fell below the $560 support against the US dollar again. A bearish trend line is forming, and the ETH token could continue to slide - with the possibility it could even break the $500 level. As of 12.30pm on March 18, the Ethereum price is worth $514 - a drop of some 13.6 percent today. Ethereum's market cap is recorded on CoinMarketCap.com as $49,557,599,964. Ethereum price: Cryptocurrency could SURGE after Playboy announcement How low will ethereum go? Why is ETH falling? Analysis from News BTC read: This past week, a major downside move was initiated from the $750 swing high in ETH price against the US Dollar. The price declined and moved below the $700 and $600 support levels. The decline accelerated recently and sellers succeeded in pushing the price below the $560 support. ETH price is now trading well below the $600 level and the 100 simple moving average (2-hours). The recent low was formed at $508 and it seems like the price may even not correct in the short term. Ethereum price drop: A bearish trend line is forming Ethereum price drop: Charts show ETH is falling The weekend trading on Saturday has seen the price slide to early December 2017 lows. CryptoOrder wrote: "During the decent, ETC/USD broke past several support levels at $600, $585 and $575. "The hourly chart shows that Ethereum price did not find support at any the retracement levels. "The price is trading below the 23.6% Fib retracemen Continue reading >>

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Ripples is the most significant drop, with the coin having lost more than 17% of its value compared to Sundays prices Ripple has been sliding for a couple of days now. Why are prices dropping again? Theres no good answer right now. Fears persist that more regulation is looming, and some investors may be worried about losing the fortunes theyve already invested in Bitcoin and other coins. Reports last week that South Korea and China are looking to regulate the crypto exchange business led to the price crash we talked about a few days ago. Right now, no real bad news can explain the new dips. Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, told CNBC the other day that Bitcoin might drop to as low as $1,000 this year. He added that the stock market could see some collateral damage, but it would be all psychological, not a sign theres something wrong with the economy. In a different CNBC report, Robert Shiller, Nobel-prize winning economist, told the network that Bitcoin will likely totally collapse, just like the tulip mania that captured the Netherlands centuries ago. He also agreed that Bitcoin might still be here in 100 years, though. Are there reasons to worry? Well, The Sun says that panicky Bitcoin investors struggle to withdraw their cash from money exchanges, as they fear virtual currencies will continue to collapse. And theyre now turning to other investments. European gold traders report a five-fold increase in demand amid fears that Bitcoin could crash, for example. Continue reading >>

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