Bitcoin, Ethereum, Litecoin, Ripple Prices Fall March 15 - 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 are falling on Thursday morning. Bitcoin fell below $8,000 to a 5-week low but has since recovered. Investors are spooked by Google's advertising bans, as well as ongoing regulation fears. The crypto market has now lost over $130 billion since the start of March. LONDON Cryptocurrencies are stuttering on Thursday morning amid continued bearish sentiment in the market. Bitcoin dropped below $8,000 to a five-week low in early trade but has since recovered to trade almost flat. Here's the scoreboard at 10.30 a.m. GMT (6.30 a.m. ET): The latest blow to already shaky investor sentiment is Google's decision on Wednesday to ban all cryptocurrency advertising on its platforms, which pushed cryptos into the red. Trey Ditto, the CEO of crypto-specialist PR firm Ditto, said in an email on Wednesday evening: "Today's decision to ban ads on Google feels like they're throwing the baby out with the bath water. "We use Facebook and Google to educate potential investors and users about a range of topics and opportunities. I worry this punishes the good actors in this fast-growing space and will thus hurt the consumers and investors who are looking for information to make smart crypto investment decisions." Chris Keshian, CEO of Apex Token Fund, took a more optimistic view, saying in a statement: "Banning is simply a 'pause' button as organisations tease out better ways to regulate an asset class that they are in the process of understanding. "This won't be the last ban but, in time, we expect to see some of these restrictions lifted, as more meaningful regulations come into force." Still, Continue reading >>
Why Did Ethereum [eth] Drop To $450 Yesterday? Will It Go Down Again?
Why did Ethereum [ETH] drop to $450 yesterday? Will it go down again? Ethereum [ETH] had peaked to $1419 and then suffered a drop by almost 50% within 4 days dropping to $757 momentarily before going back up. That was on January 13th, 2018 when the markets were extremely volatile with fresh hands coming into play with all the hype and media coverage. Analysts believe, that the market now has gotten rid of amajor chunk of weak hands which make it so tender. Yesterday, 18th March 2018, when Ethereum dropped dramatically the question was, who sold them Ethers? In the past 13 days, Ethereum has gone from trading comfortably at $866 to yesterdays $450 level. In an image shared yesterday by Wilhelm on Twitter Wilhelm a community manager at SantimentFeed shared an image on Twitter suggesting the possibility of ETH being dumped/moved by major tokens including EOS, Sirin, Civic, etc. Viktor Skibitsky, a developer from Moscow says, Big rumors of major tokens dumping ETH. Regulatory concerns? or no one like ETH anymore? A lot of them like TRON will eventually move away from ETH so it is possible to see a further slump in ETH soon With people suspecting EOS as the major dumper yesterday, there was some support from the EOS community, for example, EOS Evangelist, an EOS Twitter evangelist says, The whole crypto market has been dumping since the tail-end of December and yall are trying to make inferences with no proof. LOL. Youre FUDing $EOS without demonstrating any knowledge about whats being developed. I get it. FUD is the general counter argument to criticisms of your beloved project. Unfortunately DPoS has the perfect description in the name. Maybe could call it a steeming PoS to be even more accurate. Just spitballin here. Wilhelm shared another image of the alleged ETH dump b Continue reading >>
Why Ethereum's Price Is Dropping | Venturebeat
Anyone following the cryptocurrency market over the past few months has seen the spectacular rise and pretty dramatic fall of the value of an Ether. The currency rose from the $100 range to the $400 range from May to June; and from June to July weve seen it drop back down to the $200 range. The question is, why is this happening now? With over $500 million worth of Ether raised in initial coin offereings (ICOs) during June alone and a feature on the cover of Forbes, the market has reached fever pitch. What we are now witnessing is the other side of this phenomenon. 1. Post-ICO startups are cashing out to reduce risk These projects have costs. And, for now, those costs are in fiat currency. While you can buy some things with Ether and Bitcoin, most of the expenses of running an organization and the expenses of the people who work in those organizations still happen in boring old dollars, euros, and yen. Lets assume for the moment that the startup projects are not scams or pump and dump schemes (Ill get those a bit later). Still, these projects have to get actual money to pay for stuff and, thanks to blockchain, we can see it all happening. So when EOS decides to deleverage some of its ETH risk, everyone knows about it . And when Tezos, which I predicted would raise $250 million (it was just a little bit under that), completes a record-setting crowd sale , it will do what anyone does: reduce risk. Scale this out to every project and assume for a moment that every ICO is going to take 10-20 percent of its ETH off the table and put it in fiat to avoid the crash that everyone knew was coming, but didnt know when, and now you have $50-100 million worth of sell orders coming in at the same time. Thats a decent percentage of the market moving in one direction at once. And that Continue reading >>
Ethereum Price News: Why Is Ethereum Dropping Today? Eth Going Down
Ethereum price news: Why is ethereum dropping today? ETH going down Ethereum price news: Why is ethereum dropping today? ETH going down ETHEREUM is one of many of the major cryptocurrencies that suffered losses on opening this morning as ETH dipped by more than five percent. Why is ethereum dropping today? The second largest cryptocurrency by market cap has suffered new losses today in a morning where all the major cryptos are in the red. ETH dropped down to$851.05 today, a loss of 5.04 percent, as of 9am on February 22. The market cap currently stands at $83.2 billion and some $2.2 billion was traded on exchanges over the past 24 hours. But why has the token fallen into the red today, February 21? Venezuelas Ethereum-based Petro is desperate attempt to bypass U... The cryptocurrency largely held steady at around the $900 mark in February, apart from a drop to $585 on Feb 6 - recovering the following day. But today Ethereum dropped below the $900 mark again as all other cryptos also recorded losses. Ripples price dropped to 1.06 today, as of 8.20am on February 21, down 7.69 percent. Bitcoin was also down by -2.85 percent, recording a price of $11,175.70. Continue reading >>
13 Answers - Why Is Ethereum Dropping So Much Right Now?
Why is Ethereum dropping so much right now? Because markets dont go straight up forever. It is natural for a correction to happen after a huge run up. Ethereum has crashed to levels not seen since.May 24. It is still up over 100% in the month of May. The media always tries to find reasons to explain price movements. Sometimes there are fundamental factors such as the DAO hack which will heavily influence the short-term price. However, there is a simple explanation for the recent correction in Ethereum - it simply went up too much too fast and needed a break. There are no real crypto experts out there. This is new to all of us. It's never ever happened before. Anyone listening to all these so called experts are exposing their money to a huge danger. Do research on your own, trust only yourself. Most of you aren't old enough to remember the yahoo bubble? Nasdaq? People are excited. They are buying now. Then the big investors start playing games - they dip the price, the newbies panic and start selling. Prices come crashing down. The big guys come back and buy at the dip - make them selves 2030% richer then they were before. We are in completely unchartered territory right now. You can only make educated choices. Anyone who tells you they know for sure is lying to you and probably themselves too. Stay calm and carry on. Hold or sell it's your choice but stop asking others to think for you - they dont have clue either. Most of these sells are on autopilot and generated by robots. Guys making money that are much smarter than us all. 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 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, Ethereum, Ripple, Litecoin Price Drop As Cryptocurrency Laws Discussed By British Politicians
Bitcoin, Ethereum, Ripple, Litecoin price drop as cryptocurrency laws discussed by British politicians Bitcoin peaked earlier in the week and is now on the slide (Picture: Reuters/ Getty) Prince Harry freaked out by cold feet next to Meghan Markle Jasper Hamill Thursday 22 Feb 2018 9:44 am The price of Bitcoin and all the other major cryptocurrencies is on the slide today following a brief recovery earlier in the week. This morning, Bitcoin is sitting at just under $10,500 (7,559) after sliding dramatically from a high of almost $12,000 on Tuesday. Parsons Green bomber who injured 51 passengers jailed for life Both Ethereum and LiteCoin also dived by roughly 5% in the same time period, whilst Ripple has plunged by 20% since last Saturday and is currently threatening to become worth less than $1. However, Bitcoin is priced much higher today than it was a week ago, when it was worth about $9.600. The crypto-slump comes as Britains Treasury Select Committee of lawmakers on Thursday threatened the introduction of new laws to govern the notoriously wild and volatile virtual currency markets. It has launched a probe whichwill focus on the opportunities and risks posed to consumers, businesses and the government by the rising popularity of cryptocurrencies, the committee said. Bitcoin surged earlier in the week before plunging (Chart: Coindesk) A global investment craze over bitcoin and other cryptocurrencies in the last year has seen wild gyrations in their valuations, making fortunes for some investors, while costing others a fortune. Bitcoin, the best known virtual currency, lost over half its value earlier this year after surging more than 1,300 percent in 2017. This week, a mass sell-off drove down the value of Bitcoin and most rival cryptocurrencies including Ethereum, Continue reading >>
Ripple, Ethereum, Bitcoin Price Drop: Whats Happening To Crypto?
Ripple, Ethereum, Bitcoin Price Drop: Whats Happening To Crypto? After a record high near the end of December, Bitcoin price and the price of other topic cryptocurrencies like Ripple and Ethereum dropped massively. Theyve since started to recover, but today took another downward turn. Over the last 24 hours, the Bitcoin price has dropped by 6.15 percent at a current price of $9756.14, with currencies like Ripple and Ethereum also seeing a similar drop. While the majority of these cryptocurrencies have bounced back since the recent crash near the beginning of the year, were continuing to see a large amount of fluctuation when it comes to Bitcoin price and the price of all major cryptocurrencies. With the massive highs we saw near the end of December, many first-time investors threw their hat in the ring in an attempt to capitalize on the continued ballooning value of the worlds hottest cryptocurrency . It appears as if the Ripple, Ethereum, and Bitcoin price wasnt meant to be, however, with a huge crash over the course of just a few weeks which left many investors with a bad taste in their mouths. For newcomers to the idea of cryptocurrency, this was a massive shock and a huge loss of money. For those who have been following the path of the Bitcoin price for the last couple of years, however, this is definitely par for the course. Cryptocurrencies in general have a value based on speculation, which is a large reason why the Bitcoin price can vary rapidly from week to week and even on a daily basis. These fluctuations make currencies like Bitcoin, Ripple, and Ethereum a risky investment, but with high risk often comes the potential for high rewards. Despite this recent crash from a record high of close to $20000, the Bitcoin price is still significantly higher than it wa Continue reading >>
Why Is Ethereum's Price Dropping? | Finder.com.au
Ethereum Price Could Hit 'near Zero'founder Vitalik Buterin | Fortune
Vitalik Buterin (@VitalikButerin) February 17, 2018 Buterin isnt kidding about the volatility. One Ether coin was worth around $13 a year ago but currently costs $950. In the last couple months alone, its gone as high as $1,400 and as low as $580. Bitcoin, meanwhile, has undergone multiple crashes over the same period, although it is currently heading north again (at $11,050, its up 5% on the day). While it may seem unusual to see a major cryptocurrency player adopting a note of caution more readily associated with Wall Street giants and financial regulators , rather than making wild claims about future growth , Buterin is a relatively cautious figure on the scene. More than once, Buterin has warned investors about bubbles and volatility in the cryptocurrency world. In December, he criticized some players for being obsessed with flaunting their cryptocurrency-derived wealth, arguing that they should instead be thinking about how to use the technology for achieving something meaningful for society. Cryptocurrency media is now, even if out of ignorance/stupidity, complicit in making twitter scams look more legit. Also, the ECF is *not* an EF initiative; it's an independent community organization with some EF participants as advisors. Vitalik Buterin (@VitalikButerin) February 18, 2018 At the moment, he is also deeply annoyed about people impersonating him on Twitter in order to defraud others of their Ethereum. Continue reading >>
Ethereum Price Is Dropping, But Coinbase Reveal Could Change Fortunes | Inverse
Filed Under Bitcoin , Blockchain , Ripple & Startups Ethereum is not having a good week, but a big Coinbase reveal signals promising future support for the second-largest cryptocurrency. The price of one token reached $457 on Tuesday, over 10 percent down from its price the previous day and a severe drop from last weeks peak of $590. The dip comes as exchange platform Coinbase announced support for the ERC20 token on Monday evening . These run on the Ethereum network and power a wide range of initial coin offerings used to fund ideas that run on blockchain technology like EOS and CryptoHunt . Ethereums price has taken a beating since its January high of $1,426 as Google, Twitter , and Facebook all crack down on initial coin offering ads. Coinbase plans to add support for the ERC20 technical standard in the coming months, but theres no word on which assets will be supported. The company offers a number of products, and assets will only arrive on the app after theyve debuted on the companys GDAX professional exchange and theyve passed assessments like price stability. Ethereum's price over the past three months. The revolution will not be televised. It'll be sent to your inbox by us. The price of Ethereum did not appear to react to Coinbases announcement, despite the fact the ERC20 tokens are one of the most high-profile uses of the network. Coinbases reluctance to offer firmer details may have dampened the news among investors. The exchange will be treading carefully to avoid a Bitcoin Cash-style controversy, where GDAX halted trades just two minutes after going live due to significant volatility and the company announcement of an investigation into potential policy violations. Ethereums dip comes as part of a wider sell-off in the cryptocurrency market, where 90 of the Continue reading >>
Ethereum Price Analysis New Descending Channel
Ethereum price weekly analysis heightened bullish momentum Ethereum price continued rising during last weeks trading sessions gaining around 17% in market value. The price of ether increased from an opening price of $536 to $625 at the end of the week. The markets bulls managed to breach an important resistance level around $545.17. At the time of writing of this analysis, ethereum is trading at a price of $637. As the market continues moving along the uptrend line, that has been evident since April 7th, the bulls wont face significant resistance except around $713.24. How can we expect ethereum price to behave during the upcoming week? Williams Alligators mouth is open and eating on the 1 day ETHUSD chart: Lets examine the 1 day ETHUSD from Bitfinex, while plotting the 100 period SMA, the 200 period SMA, and the Williams Alligator indicator, as shown on the below chart. We will also plot Fibonacci retracements that extend between the high recorded on January 13th, 2018 ($1424.30) and the low recorded on October 23rd, 2017 ($273.50). We can note the following: During last weeks trading sessions, the markets bulls managed to breach a crucial resistance level around $545.17, which corresponds to the 76.4% Fibonacci retracement. As such, the bulls wont face any significant resistance on the upside except around the 61.8% Fibonacci retracement ($713.24). Ethereum price is still moving along the upwards trend line (blue trend line on the chart) that has been evident since April 7th. Higher highs have been recorded during most of the sessions. The rate of rise increased even more when a candlestick touched the trend line on April 17th. Ethereum price rose above the 100 period SMA during last weeks trading sessions, which reflects an increase in the bullish momentum. The 100 Continue reading >>
Below $500? Ether Price Seeks Floor After 40% Drop
Below $500? Ether Price Seeks Floor After 40% Drop Mar 20, 2018 at 13:00 UTC|UpdatedMar 20, 2018 at 21:39 UTC The 40 percent month-on-month decline of ethereum's ether cryptocurrency has pushed the long-term price floor down to $300, the technical charts indicate. As of writing, the world's second largest cryptocurrency by market capitalization is changing hands at $534, as per CoinMarketCap . Stepping back, ether's sharp reversal from the Feb. 6 low of $555 (prices as per Coinbase) and the rally to near $1,000 in the subsequent days meant the cryptocurrency had established a strong price floor below $600. That now looks to have been pushed down. As seen on the chart above, ETH left lower highs around the key descending trendline, as the rally from Feb. 6 lows ran out of steam and sellers took over after the cryptocurrency fell below its 100-day moving average (MA) on March 6. The transfer of power from bulls to bears pushed the price down to $450 on March 18 - the lowest level since Dec. 11. During that process, the cryptocurrency also witnessed a head-and-shoulders reversal on March 14 - indicating that the rally from the December 2016 low of $5.81 has ended and the bears have regained control. Further, a 50-day MA and the 100-day MA bearish crossover was confirmed on March 15. So, ETH will likely find acceptance below $546 (61.8 percent Fibonacci retracement of December 2016 to January 2018 rally) and extend the drop to $300 (78.6 percent Fibonacci retracement) over the next couple of months. The price floor looks to have dropped to $300. That said, oversold conditions in the near-term may help ETH defend the March 18 low of $450. Only a convincing move above the head-and-shoulders neckline resistance (former support now seen at $661) would abort the bearish view. A Continue reading >>
Ethereum Price: Why Is Ethereum Dropping Today? Latest Cryptocurrency Crash
Ethereum price: Why is Ethereum dropping today? Latest cryptocurrency CRASH Ethereum price: Why is Ethereum dropping today? Latest cryptocurrency CRASH THE price of Ethereum has slumped today along with rivals Bitcoin and Ripple in the latest cryptocurrency crash. But why is Ethereum dropping today? Ethereum , the second largest digital currency, dropped by 9.78 percent over the last 24 hours, falling to $621 at 7.05pm on March 14 after opening at $690.83. At 9.04am, the token fell further and exchanged hands at 438.37 ($611.90), down 0.51 percent on opening today. The value of the cryptocurrency has plummeted by 16.77 percent in the last week, when Ethereum was trading at $745.19 on March 7. The current slump is being felt across all cryptocurrency markets, amid the threat of regulation. Ethereum, along with all other cryptocurrencies, is currently in the red. The crypto market is currently being battered by warnings about its volatility with warnings that the bubble is about to burst, following a bad week. Last Wednesday, the Securities and Exchange Commission (SEC) vowed to regulate cryptocurrencies at the same time that traders were rattled by claims of hacking in the market. And a sell-off of crypto assets by a Japanese bitcoin holder known as the Tokyo Whale - added to chaos in the crypto world. Ethereum co-founder Joseph Lubin, and chief executive officer at Consensus, said it is "hard to tell" whether the cryptocurrency has lost its appeal but rejected claims that the bitcoin bubble has "burst". Speaking on Bloomberg News, Mr Lubin said: "We are so focused on building decentralised applications on the ethereum platform where we are so much less focussed on cryptocurrencies like bitcoin. Consider ether to be a crypto fuel that powers applications on the decentra Continue reading >>
Ethereum Chief Warns Cryptocurrencies Could Drop To Near-zero At Any Time
Ethereum chief warns cryptocurrencies could drop to near-zero at any time Traditional assets are still your safest bet, says Russian-Canadian programmer Vitalik Buterin Vitalik Buterin, co-founder of Ethereum, has warned about cryptocurrencies volatility. The co-founder of Ethereum has put out a stark warning for crypto fans: Dont bet the farm on cyberassets, because prices could drop to near-zero at any moment. Vitalik Buterin took to Twitter over the weekend to caution people about digital currencies, which delivered blockbuster rises in 2017, before taking a beating at the start of this year. Reminder: Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Dont put in more money than you can afford to lose, the Russian-Canadian programmer said in his post Saturday. If youre trying to figure out where to store your life savings, traditional assets are still your safest bet, he said. Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet. Vitalik "Not giving away ETH" Buterin (@VitalikButerin) February 17, 2018 Over the course of 2017, the price of No. 1 crypto asset bitcoin BTCUSD, +2.58% rose about 1,400%, according to CoinDesk . Ethereum-based ether tokens, ranked second among cryprocurrencies by market cap, added an eye-popping 9,000% or so from their starting price of around $10. But in mid-January, almost every one of the top 100 cryptocurrencies took a hammering after rumors of regulatory crackdowns spread fear among investors. Ethereum lost 20%, bitcoin dropped 18%, and ripple shed 30% of i Continue reading >>