Cryptocurrency Crash: Why Ethereum Is Falling Down Today? | Forecast
Cryptocurrency Crash: Why Ethereum is falling Down Today? | Forecast crypto | December 22, 2017 | JIO Phone | No Comments Today morning everyone is shocked because along with Ethereum all other cryptocurrency prices dropped with more than 20% percentage as whole world wanted to know what happening to cryptocurrency, is it cryptocurrency crash?, here we begin as when bitcoin and Etherem prices was starting increasing with huge peak rate at initial week of December month which result December turning out to be best month of cryptocurrency in this year because from becoming popular in investment category along with this coin market also become highest search topic in many search engine, but now its really surprising because generally there 5 to 6 cryptocurrency falls on same day but today is different for cryptocurrency world because only Ripple coin is survive in this breakdown but other cryptocurrency prices are dropped by 40% average drop rate. Top 10 Reasons Why Ethereum is Falling Down High Price: Etherum is started with average price but in last three Month Ethereum prices almost reach to 800 USD so as compare to Litecoin, Ripple and Cardano its really high so investor not showing interest right. Often Fluctuation: from 2nd week of December price difference as compare to Bitcoin, Bitcoin cash and Ripple is really low which result Ethereum now getting low response from Investor. Mysterious Name: there many mystery in name of Ethereum and there rumours that Ethereum will dump investor in future according many trader report. Hacker Attack: many hacker from South Korea and other country targeting top cryptocurrency whose prices and market cap is in top 5 position. Low Security: Ethereum security is creating power in terms of trust of investor and user later now team is Continue reading >>
Ether Price Outlook Gloomy After Again Falling Below $1k
Ether Price Outlook Gloomy After Again Falling Below $1K The price of ether, ethereum's native token, is likely to head south unless the bulls can quickly pull the price back over $1,160 levels, price chart analysis indicates. On Coinbase's GDAX exchange, ether hit a one-week low of $905 at 11:50 UTC today. A sharp recovery from the last week's low of $757 ran out of steam at $1,164 over the weekend. The subsequent drop to sub-$1000 levels has left a lower high (bearish action) on the charts. As of writing, the cryptocurrency is changing hands at $930 levels on GDAX exchange. ETH has depreciated by 8 percent in the last 24 hours, according to data from OnChainFX . Further, prices are down 20 percent from the weekend high of $1164. Still, the technical charts are now showing oversold conditions. The price charts indicate that ether will mostly likely erase the 22 percent gains made since last week's low of $757 in a slow and steady manner over the next couple of days. The above chart (prices as per Coinbase) shows: ETH left a lower high at the key 61.8 percent Fibonacci retracement level of $1,166.71 over the weekend. The decline witnessed in the following 24 hours yielded a bearish crossover between the 50-day moving average (MA) and 100-day MA (short-term average cuts long-term average from above). The rejection at 61.8 percent Fibonacci level indicates the corrective rally has ended and the bears have regained control. 50-day MA carries a strong bearish bias (sloping downwards), while the 100- and 200-day MAs are neutral. The relative strength index (RSI) shows scope for further losses (being below 50.00) and well short of the oversold territory (below 30.00). The daily RSI shows a triple top breakdown -like pattern, indicating potential for a sell-off back towards t Continue reading >>
Ether Is Gaining Field Versus Falling Bitcoin
Ether is gaining field versus falling Bitcoin The recovery in cryptocurrency prices is running out of steam. Bitcoins 10K resistance is certainly the most widely watched psychological level. The most popular cryptocurrency tested the $10K resistance in the continuation of the April rebound, but the failure to clear offers weighed on the short-term positive momentum across the board and sent the price of Bitcoin 20% lower from the peak. From a technical standpoint, the move below the $8,200-support (major 38.3% retracement on April May recovery) should encourage a further downside correction to $7,850. Some traders who have been left behind the April rebound are looking for an interesting price dip to jump on a rejuvenated rally which could eventually push Bitcoin past the 10K level. Nevertheless, the decline below the critical 8,200-support could dent the bulls' appetite in the short-run. On the other hand, we don't rule out a possibility of a sudden pick-up in positive momentum. A rising conviction that Bitcoin would break above the 10K level could easily generate a significant upside momentum. We maintain our three-month price target unchanged at $12,000. Ether Online: Online gaming and the blockchain technology Ether failed to consolidate above $800, but the ETH/BTC is rising steadily on the back of encouraging news for Ether-traders. Ether Online has recently launched the alpha testing of Pet Rush, the very first MMORPG (massive multiplayer online role-playing) game on blockchain, where players could buy, sell their assets and earn ETH. As such, Ethereum is becoming a pioneer in online gaming industry based on blockchain technology. Ether Online is scheduled to enter the beta stage on May 17th. Top players will be rewarded from the global jackpot every day, and ear 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 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 >>
2 Potential Reasons Ethereum Price Are Falling | Will We See $100 Ether?
Hey guys, second crypto video of the day. So right now Bitcoin, Ethereum, and really all crypto currencies have been having a rough couple of weeks. Prices are down, however unlike some times in the past where there seems to be a reason for prices being down, right now it seems like many people are kind of at a loss. Now in the case of Bitcoin it could be people worried about the upcomming potential fork which would make sense but why is Ethereum being hit so hard? On my drive home from the office today I was listening to some Youtube videos addressing these questions and came upon two possible answers. All the recent ICO's or Initial Coin Offerings mainly took Ethereum. When these companies who raised this money need to buy office space or servers or hire employees they need to cash out their Ethereum to fiat in order to do a lot of these things. This causes a lot of Ethereum to be dumped and thus affects the price. George Soros is crashing the Ethereum market. While the video did strike me a bit as very conspiracy theory-ish, I can't really say it's that far fetched. George Soros is a scummy guy, he's crashed fiat markets so its not that far fetched to think he would try to crash a currency market, and also what makes this make even more sense is cryptos and them being open source and sort of taking away power from central banks and politicians and the elite, it wouldn't shock me if someone like George Soros wanted to sabatage them. Anyhow, I'll link to both videos I mentioned in this video below... @JSnip4 ICO's Are Causing Ethereums Price To Waver @DavidSeaman George Soros Is Sabataging Ethereum Downvoting a post can decrease pending rewards and make it less visible. Common reasons: Continue reading >>
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 >>
Ethereum Creator Vitalik Buterin Warns About Cryptocurrency Investment
Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose." Buterin added: "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet." Cryptocurrencies have recovered slightly from a severe sell-off which saw the market lose as much as $100 billion in market value in a single day. Bitcoin recovered to a price above $10,000 last week after falling as low as $5,947.40 the week before. In December, the Ethereum creator compared wild investment in the cryptocurrency market to the record sum paid for the world's most expensive painting, Leonardo Da Vinci's "Salvator Mundi." Ethereum is a blockchain network; blockchain is the technology that underpins cryptocurrencies. It maintains a continuously growing record of cryptocurrency transactions across a decentralized network. The digital token of the Ethereum network is called ether , but it is also often referred to as ethereum. Buterin is one of many popular figures who has been impersonated on Twitter by scammers promoting questionable cryptocurrency offers. These accounts often ask users to send an amount of cryptocurrency in exchange for a larger amount. The Ethereum co-founder warned users not to trust people offering cryptocurrency on Twitter. Continue reading >>
Ethereum Price: Why Is It Falling Today? Will It Keep Falling? Eth Down 23 Percent
Ripple price LIVE updates: XRP DOWN 22 percent below $0.80 And Japan's Financial Services Agency (FSA) suspended two exchange for a month out of security fears. Matthew Newton, analysts at crypto retailer eToro, agreed the news of regulation was one of the reasons for the markets bearish performance. He said: The recent price fall was driven by two factors. Firstly, bitcoin was trending higher for about a week but failed to break a technical level, which caused a slight selloff. This was then accelerated by the news that Binance, the crypto exchange, might have been hacked, though markets recovered once the exchange allayed fears that funds were safe. Ethereum price: ETH joined other cryptocurrencies in dropping prices this week Regulatory news coming out of US and Japan may also have impacted cryptocurrencies again, but shouldnt be cause for alarm. Cryptocurrencies are still in the early stages of development. As the market grows, regulatory scrutiny is to be expected As the market grows, regulatory scrutiny is to be expected. Appropriate regulation should ultimately help promote best practice and afford protection to the consumer. Although Ethereums losses were not as dramatic when compared to bitcoin, finance writer Jean-Pierre Buntinx argued bitcoins poor performance is dragging down alt-coins with it. Since March 7, bitcoin has lost almost $2,000 in value and at 7.27am GMT was down 22.9 percent since the start of the week. Ethereum rice: The crypto token was down more than 23 percent on the start of the week Mr Buntinx said: Although Ethereum has not suffered from much of a loss compared to the bitcoin value itself, bitcoin is certainly dragging all alt-coins with it at this rate. Unless Ethereum can gain momentum over bitcoin, the USD value of this alt-coins will Continue reading >>
Why Is Ethereum Going Down Again?
Market correction. Thats absolutely normal and has happened before. If you dont believe this, you can check and do graphic analysis for previous weeks, and previous years. The price went too far ahead of the real value, and its a damn right time for correction. As people noted, both Ethereum and Bitcoin got short-term internet hype from news about rapid price increase due to activity on the Asian market, and attention from large investors. That generated FoMo - fear of missing out, and a lot of people, who have never dealt with cryptocurrencies started to invest without basic knowledge about technology and platforms behind cryptos. Fear is dominating right now. You can check questions on Quora that are one week old, and the majority of them are: when will Bitcoin reach 3,000?, Will bitcoin ever reach 100,000, Will Ethereum reach 1,000 in August?. Thats an indicator of greed. People were greedy, bullish and very optimistic. Now, you have people asking Why is Ethereum falling?, will Bitcoin collapse?, is it the end of crypto market? I like fear because it lowers prices, and allows you to buy more coins at a cheap price for long-term investments. I like to play this sort of game. I have done that before and it has always worked for me. The fact that so many people are looking for leaders who will tell them Why is it growing, why is it falling, Should I invest in , Should I sell my indicates that people dont really know what they are doing, and have no clue about this market. No wonder why people start pulling out their money during small corrections and invest during price peaks, right before falls. People constantly fall into obvious bull traps. Impatience. People invest their money after 100%500% growth and expect further double or triple growth of their investment with Continue reading >>
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 >>
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: Why Is Ethereum Falling Today? / Eth News Today
Ethereum price analysis: Why is Ethereum falling today? / ETH News Today Ethereum price analysis: Why is Ethereum falling today?: In the last couple of months, during the cryptocurrency crash, Ethereum was outperforming by holding its ground. At one point in time, it was even in the green on a month on month basis. This is in stark contrast with the performance of Ethereum in the last 24 hours. In the last 24 hours, Ethereum has dropped by around 5%. In contrast to this, Bitcoin has almost held its place around $ 11,000. This is the reason why many of the investors are asking the question why has Ethereum dropped below $ 900 mark. Most of the cryptocurrencies are witnessing a short-term negative trend. Ripple also has fallen by at least 10% to around $ 1.06. Similarly, Bitcoin is outperforming with the fall of just 2%. The reason for the fall can be attributed to stable positive rise in the last few weeks. Moreover, Ethereum had also held its price during the correction in cryptocurrencies as well. This is another reason why investors might think of booking some profits. SEE ALSO: Ethereum Price Live Today: Ethereum rises 8% in last 24 hours On the other hand, the underlying principles, as well as applications of Ethereum, remain strong. More and more developers are trying to use Ethereum in order to develop their applications. Thus, there is no risk to the applications of Ethereum. It remains to be seen whether this is a short-term trend or whether it would continue in the future as well. If indeed, it continues in the future, many of the investors would actually switch over to other cryptocurrencies. Also, the rise in Ethereum has not been as astronomical from the bottoms as in other cryptocurrencies. It has provided stability to the investors but it has not provided Continue reading >>
Heres Why Bitcoin And Ethereum Are Falling Today, But Ripple Is Soaring
Heres Why Bitcoin and Ethereum Are Falling Today, but Ripple Is Soaring News out of South Korea is weighing on many cryptocurrencies, but word of a new partnership added to the optimism about Ripple. Bitcoin (BTC-USD) and Ethereum (ETH-USD) were both in the red Thursday morning after major cryptocurrency market South Korea announced that it was gearing up to ban cryptocurrency trading. While cryptocurrencies across the board initially slid, many of the altcoins have recovered or even risen, led by Ripple (XRP-USD), which was up by more than 18% as of 10:30 a.m. EST. Here's a rundown of the latest cryptocurrency prices, the pendingSouth Korean legislation, and the new partnership that is sending Ripple higher. Here's a look at the 10 largest cryptocurrencies by market capitalization. Data Source: www.investing.com. Prices and daily changes as of 10:30am EST on January 11, 2018, and prices are rounded to the nearest cent where appropriate. Bitcoin and Ethereum fall on potential South Korean ban After it was reported that the South Korean Ministry of Justice is preparing a bill that would effectively ban cryptocurrency trading on exchanges, bitcoin (BTC-USD) prices initially dropped by about 6%. To be clear, we don't know the full details of the proposed legislation yet, but it does not look good. Such a ban would likely result in a big loss of trading volume, as South Korea is the world's third most active cryptocurrency marketplace, accounting for about 5% of bitcoin trading volume and 10% of Ethereum (ETH-USD) trading volume, which could explain why Ethereum is getting hit particularly hard Thursday. This news coincidentally comes a day after JPMorgan Chase CEO Jamie Dimon voiced his concern about what governments would do when cryptocurrencies started becoming too big Continue reading >>
Bitcoin, Bitcoin Cash, Ethereum, Ripple & Other Ccs Fall 5% Or More As South Korea Exchange Hacked
Bitcoin, Bitcoin Cash, Ethereum, Ripple & Other CCs Fall 5% Or More As South Korea Exchange Hacked I cover technology companies, worldwide economies and the stock market Coinrail is a cryptocurrency exchange in South Korea, and it announced on Sunday, June 10, that there had been a hacking attempt. According to its website , 70% of its total coin/total reserves were safe, and Two-thirds of the coins confirmed to have been leaked are covered by freezing / recalling through consultation with each coach and related exchanges. A woman shows her t-shirt with different cryptocurrency logos including Bitcoin, Ethereum, Ripple... [+] and Litecoin. Photo by Chesnot/Getty Images [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] [Authors note: There is no official price for Bitcoin, so I use round numbers. I use CCs as an acronym for cryptocurrencies.] This hack has led to Bitcoin, Bitcoin Cash, Ethereum, Ripple and other cryptocurrencies falling 5% or more and ending two weeks of relatively low volatility. Bitcoin had been trading around $7,600 when in the space of 30 minutes it fell to less than $7,300 and has been trading in a $100 range over the past 15 hours. In checking coinmarketcap.com over the past 24 hours, Bitcoin is the least impacted with a fall of just under 5% . The next nine largest cryptocurrencies by market cap have dropped by 5% to 11%. At least the third hack of a South Korean exchange in the past year In July last year, Bithumb, South Koreas largest cryptocurrency exchange and the worlds fifth largest at the time , was hacked. Information on 31,800 customers was compromised. While there wasnt direct access to customer accounts, th Continue reading >>