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 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 >>
Why Ethereums Price Is Dropping
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. 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 thats jus Continue reading >>
Bitcoin Price Latest: Cryptocurrencies Including Ethereum, Litecoin And Ripple All Decline In Value
Bitcoin price latest: Cryptocurrencies including ethereum, litecoin and ripple all decline in value All but two of top 50 virtual coins by market capitalisation slump Bitcoins price has dropped by 6.15 per cent over the last 24 hours - while almost all of thealternatives to the market leading cryptocurrency are also in decline. At the time of publication, all but two of the top 50digital currencies by market capitalisation have fallen in value since yesterday, according to CoinMarketCap. Bitcoin is now valued at $10,526(7,594) as a result of the drop - thought to have been sparked by the US Securities and Exchange Commission warning that platforms being used to trade digicoinswill ultimately have to be registered before they are allowed to continue operating. Ethereum , the second most valuable digital currency, is down 7.62 per cent to $799.61(576.96) while ripple XRP , the third most valuable digital currency, is down 6.81 per cent to $0.90 (0.65). :: Follow the latest bitcoin news on our liveblog Bitcoin cash and litecoin , which complete the top five, are down 6.81 per cent and 7.01 per centrespectively. They are now valued at $1,153 (832) and $189.49 (137) in turn. Golem, ranked 55 of the 1,541 digital coins on the market,suffered the biggest decline of anyone in the top 100, having fallen by 16.63 per cent to $0.38 (0.27). A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo. The Connected company is a part of seven Toyota in-house companies that was created in April 2016 A Toyota Motors employee demonstrates a smartphone app with the company's pocket plug-in hybrid (PHV) service on the cockpit of Continue reading >>
Ethereum Price Drop. Will Eth Survive?
Today I took a cruise out to the countryside to contemplate the future of Ethereum. The price has dropped considerably over the past days and some are beginning to question if Ethereum will survive? Have developers cashed out most of the ETH they've collected from recent ICOs? If so, has this caused Ethereum's price to drop? Are there better alternatives to Ethereum like EOS, Bitshares, Waves, or Stratis and if so can Ethereum survive the competition? Should you HODL or sell? I thought Ethereum would have shot $500 sometime this month after it dropped below $300 but now after dipping below $250 and closer to $200, I'm questioning how much more Ether can grown in the short term? I've been buying in to Ethereum incrementally since the price was at around $12. I stopped buying when it went over $300 and bought more when it dropped down to $260. Let's just say that while Ethereum might be in the red at the moment, my ETH wallet is green, and I'm sitting on some profit right now. I believe some of the Dapps being developed on Ethereum will be game changing, and believe the price of ETH will eventually reach $500, BUT what is HODLing all my Ether doing for me now when I earn everyday from posting and HODLing on STEEM? I'm committed to HODLing my Ethereum and it's my opinion that those who purchased ETH over $225 should HODL as well, BUT considering that I'm sitting on some ETH profit I'm questioning whether I should sell half or a portion of my ETH holdings and buy STEEM? Leave a comment believe let me know, what do you think? Stay strong and keep BOOMIIN over there! Join Genesis now! Start mining Bitcoin, Ethereum, and Dash Use promo code zM3Ejh and get a 3% discount: Continue reading >>
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 >>
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 >>
(eth) Ethereum Price: Drop Expected To Take Eth To $600!
(ETH) Ethereum Price: Drop Expected to Take ETH to $600! Ranked second only to Bitcoin, Ethereum is one of the most popular cryptocurrencies in the markets. The technology that powers Ethereum has been hailed by many as one which may even replace Bitcoin some day. However, for now, Ethereum plays the second fiddle. Ethereum prices jumped by 9000% over the past year attracting millions of new investors. However, Q1 2018 doesnt look as promising as Q4 2017 was. Over the past 24 hours, Ethereum price has remained quite static, falling by a mere 0.20%. Ethereum began the day at $848.50 and closed in at $848. While the last 24 hours arent indicative of much, the past week tells us a lot about Ethereums recent performance. Ethereum began the week at a price of $935, from where it fell to a low of $798. It was followed by a slight surge which took the prices back up to $850. However, it now appears that theres another downtrend forming and one which is bigger than what weve seen this week. Ethereum price has been going through multiple ups and downs over the past few weeks. However, if market experts are to be believed, Ethereum is likely to enter a downtrend which would drop the prices to a low of $600 which is a drop of about $250 from where the currency stands now. Expected movement of Ethereum price | Image; Tradingview Ethereum entering this downtrend would not be an isolated incident as other cryptocurrencies such as Bitcoin, NEO and Bitcoin Cash too, are expected to go down the same path. However, Ethereum has shown a great tendency to bounce back from these lows. Earlier this year, the price had dipped to a low of $500 from where it bounced back to $1,000 in less than 10 days! Ethereum, with a market cap of $83 Billion is a strong player in the cryptocurrency markets. Continue reading >>
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 >>
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 >>
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 >>
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 Is Ethereum's Price Dropping? | Finder.com.au
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 >>
Ethereum Prices Are Down Nearly $1,000 From Its Peak. Why Is This Drop Happening?
SEC investigations may be putting a damper on Ethereum prices. GEOFFROY VAN DER HASSELT/AFP/Getty Images The price of ethereum dropped below $500 this weekend . Though its since risen back to around $550 as of Monday morning, the dip is a reminder of how far the cryptocurrency has fallen since January, when it was at one point trading at more than $1,400. So why has the once-mighty ethereum plummeted in price over the past few months? Its important to note that the entire cryptocurrency sector is in a bit of a slump, down since prices skyrocketed toward the end of last year. Bitcoin has been hovering at or below the $10,000 mark over the past month , down from its record of nearly $20,000.And Litecoin , one of the biggest cryptocurrencies, has dropped from around $240 to $140 in the past month. Its unclear at the moment whether this is a bubble burst or just a correction . Cryptocurrency commentators have attributed much of this downward turn to increasing scrutiny from regulators, which has spooked investors. With governments in China and India planning hardline crackdowns on exchanges and trading, and regulators in South Korea on the fence, theres been much talk of a global push to rein in cryptocurrencies. Timothy B. Lee writes in Ars Technica that ethereum was hit particularly hard by comments on Thursday from the Securities and Exchange Commission (SEC) Enforcement Divisions Co-Director Stephanie Avakian, who said that the commission had launched dozens of investigations into initial coin offerings (ICOs). The ethereum platform is popular among startups for hosting new cryptocurrencies. These cryptocurrency entrepreneurs need to buy the ethereum token in order to jumpstart their own ICOs, which was helping to prop up ethereums price. The revelation that the SEC is Continue reading >>