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Why Ethereum Is Going Down Today

Stop Us If Youve Heard This Before: Bitcoin Is Tanking Right Now

Stop Us If Youve Heard This Before: Bitcoin Is Tanking Right Now

Welcome to the second major Bitcoin bloodbath of 2018. The price of Bitcoin dropped below the $10,000 mark yet again on Thursday, making this the second time in a matter of days bitcoin broke through the support level. As always with Bitcoin price drops, all the other cryptocurrencies are following and the entire market has lost billions in valuation in a matter of hours. Don't Miss: Grab this deeply discounted surround sound system quick, before Amazon comes to its senses Per CoinMarketCap all digital coins are sliding as of the time of this writing. Only Ethereum is relatively flat, but things may change by the time Im done typing this word. Bitcoins price has tanked by almost 9%, while Ripple saw an 11.4% plunge. Here are his mornings gloomy charts: So whats causing all of this? Well, there are multiple reasons but it all boils down to regulation. After Korea announced plans to regulate crypto exchanges earlier this week, confirming that it wouldnt ban them as some feared, India stepped up to the plate to announce that it doesnt recognize crypto cash as legal tender. The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system, Indias finance minister Arun Jaitley said during a budget speech on Thursday. Many interpreted these comments as a warning that a ban in India is looming, CoinTelegraph explains . However, sources within the industry said theres not going to be a change from the Indian government. Its apparently business as usual according to crypto exchange Unocoin. Based on the #UnionBudget2018 announcement, there is no change in government's stance with respect to #cryptocurrency . It is business-as-usual Continue reading >>

Ethereum Price Forecast For The Week Of February 5, 2018, Technical Analysis

Ethereum Price Forecast For The Week Of February 5, 2018, Technical Analysis

ethereum price forecast week february 5 2018 technical analysis Ethereum Price forecast for the week of February 5, 2018, Technical Analysis Ethereum market sold off during the week, as crypto currencies continue to get pummeled. Quite frankly, I believe that a lot of damage has been done to the retail trader, and it is going to be difficult to convince him to come back. Ethereum market sold off during the week, breaking down below the psychologically important $1000 level finally, and although we did get a bit of a bounce, this time it stuck. I think the market is going to go looking towards the $800 level next, but we may get a short-term bounce. That bounce should be and I selling opportunity, and I believe that the market should continue to drop significantly if we clear the $725 level. At that point, I would anticipate a return to the $300 level. The Ethereum markets have been following Bitcoin as usual, so it makes sense that the markets will move in the same direction. Ethereum markets broke down significantly during the week against the Euro as well, so I think that the market which should continue to go lower, as the 50% Fibonacci retracement level was breached. We did find buyers just below there though, so it is at least a sign of hope, something that is not to be found in most crypto currencies lately. I still think that there is more pain to come though, so I would not be buying at this point and I suspect that this is going to become a sell the rallies type of situation going forward, and I think that is only a matter of time before we breakdown rather significantly. We would need to see a green candle with a lot of volume to change the overall attitude, but I think at this point the retail trader has been hurt far too much. Continue reading >>

Crypto Watch: Ethereum On The Rise -- Ether (eth) Price Up 24% In 2 Days

Crypto Watch: Ethereum On The Rise -- Ether (eth) Price Up 24% In 2 Days

Crypto Watch: Ethereum On The Rise -- Ether (ETH) Price Up 24% In 2 Days I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own. A replica "ether" cryptocurrency coin in seen in this photo illustration on November 8, 2017. Ether is a token in a distributed network computing system named Ethereum which allows the cryptocurrency to be used and traded. (Photo by Jaap Arriens/Sipa USA) (Photo by Jaap Arriens/NurPhoto via Getty Images) Ether (ETH) maintains #2 spot by market cap andbecomesthe sixth-fastest growing cryptocurrency in the world. Where December saw major gains for the global cryptocurrency market, January has seen a series of corrections that have brought it back closer to pre-December numberstemperingsome of the community'swild excitement and runaway speculation. In general, even coins exhibiting positive growth are doing so more modestly than the 100+ percent gains we routinely witnessed last month. In particular, Ether, the native asset of Ethereum, has seen its share of volatility, at one point dropping from $1426.34 to $780.92a drop ofover 45 percentin just 4 days. [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.] But the past few days have shown Ethereum making a comeback. According to CoinMarketCap, the price of ETH was $998.03 at 2:04am PST Friday, Jan. 26. By12:15pm on Sunday, Jan. 28, that price is now$1,236.18. This marks a growth of just under 24 percent in just over two dayswith a 15 percent bull run occurring overnight Saturday into Sunday. Continue reading >>

Cryptocurrency Crash: Why Ethereum Is Falling Down Today? | Forecast

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 >>

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 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 >>

Coinbase Is Reimbursing Losses Caused By The Ethereum Flash Crash

Coinbase Is Reimbursing Losses Caused By The Ethereum Flash Crash

Coinbase is reimbursing losses caused by the Ethereum flash crash Relevnt launches a publisher-centric news app Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD Ethereum market. Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. While many initially thought the flash crash was the result of nefarious work, GDAX eventually confirmed that there was no indication of wrongdoing or account takeover. Instead, the flash crash was the result of someone placing a multi-million-dollar sell order at market price, meaning ETH would change hands at whatever price bidders were currently offering until the entire order was filled no matter how much lower the price was than the current price of ETH. Filling this order caused ETH prices to instantly slip 30% to $224 which in turn caused 800 stop loss orders and margin liquidations, which further drove the price down, to as low at $0.10. Typically, someone placing a large sell order would liquidate their position over time to minimize the downward effect on price. Also, GDAX reminds users who are about to initiate large sell orders that it will cause slippage in the market, meaning this trader most likely didnt care (or didnt understand) that his trade would move the market. For anyone not familiar with trading and exchanges, a stop loss order is an order to sell stock (or cryptocurrency) when the price drops to a certain level. Its basically used as a way to cut your losses. Additionally, a margin funding liquidation is when you borrow funds to go long and bet that an asset will rise in price 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 >>

Ether Temporarily Going Down

Ether Temporarily Going Down

Ether volatility was no wonder for the cryptocurrency market, as this is a perfectly explicable reaction to the news. As cryptocurrency market is very new and is just starting to get really strong, traders will need time to analyze the information and understand how to take it. Then news on Facebook banning any ads that promote cryptocurrencies and ICO caused a selloff throughout the whole crypto market. This is because Facebook target audience is really huge, and many potential clients and leads for ICOs and cryptocurrencies came from this social media. Facebook officials stated in the comments that the decision was based on many cases of scam and advertising methods that were not always transparent. Another piece of negative news came from South Korea, where the authorities imposed mandatory verification on all local traders that use a bank account. The government is thus trying to raise transparency of cryptocurrency trading and avoid money laundering and other fraudulent activities to the maximum extent possible. Most likely, such verification measures is just the first step towards further regulatory tightening. Once the authorities get access to the traders bank accounts related to cryptocurrency trading, any suspicious transaction may lead to complete suspension until the circumstances are clarified. According to some sources, same tightening is going to occur in all other locations where cryptocurrency trading is allowed. This does not mean the cryptocurrency market is kaput; instead, just like any other market, it is moving on to the text level. Unlike Bitcoin and other digital currencies, Ether did not fall too much in the light of the news mentioned above, as it is still supported by Weiss rating. Ether got B mark, which is good, and is better than Bitcoin, 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 >>

Etherum Price | Eth Usd | Chart | Etherum Us-dollar | Markets Insider

Etherum Price | Eth Usd | Chart | Etherum Us-dollar | Markets Insider

Just when you thought you had your head around bitcoin, along comes Ethereum. The word has been in a lot of headlines as the cryptocurrency world's new favorite thing soared in value. The ethereum price of something called an ether token grew in value up over 3,000% from 2016 - 2017. Bitcoin, which is far more widely known as an alternative 'currency', is up about 141% in that same time. But what exactly are ether tokens and Ethereum? And how is it different than bitcoin? We've broken it down for you. The reason you've been hearing about bitcoin for years, but Ethereum only recently, is that the latter was only developed two years ago while bitcoin's been around for almost eight years. Ethereum was created by Vitalik Buterin, a young programmer who was told about bitcoin by his father and decided to create a platform for smart contracts; which bitcoin is not designed to do. The Moscow native began working on Ethereum after he dropped out of college, according to CNBC. Ether tokens and bitcoin are called cryptocurrencies because they can be only be bought and sold digitally, are used to pay for things (including pre-school tuition), and because they fall outside of the control of central banks and other government entities that might control a national currency. They're built on a technology called blockchain. That's a kind of ledger that records and verifies transactions made on it. All transactions made on these so-called decentralized networks are public and not controlled by one governing entity. Lately, the idea that both sides of a party say two banks that buy and sell shares from each other can get an accurate and verifiable record of the transaction instantly, has gripped Wall Street and other institutions as something that can be used in lots of ways. There are Continue reading >>

Ethereum Price Analysis: June 8 - 13

Ethereum Price Analysis: June 8 - 13

The weekly price analysis for Ethereum and Ethereum Classic. Ethereum price has been reaching new heights. Singapore news could be the trigger. The central bank of Singapore, MAS, has decided to implement Blockchain to tokenize the national currency. As expected , the pullback from $200 to $140 became a possibility for growth over $250. Given the fact it was a long term correction, the growth was correspondent, more than 200 percent from the $140 correction peak. You could see big sells and the tendency break at the current uptrend peak. That is why it is possible to state the $140 wave might be over. New Metropolis version testing is now well under way. Help Wanted: Metropolis QA/Testing. Exciting opportunity to support the Ethereum ecosystem! Ethereum (@ethereumproject) June 2, 2017 The current growth may be partially connected to the fact that this version can increase the demand. Its worth mentioning that the demand is higher at $400 than it was at the previous $270 peak. All of this indicates that Ethereum is still considered to be a good investment move. Provided this interest continues, the $1000 mark for Ethereum is quite probable by the end of August. As for the current trend key level, the $300 point is the most likely correction peak for the upward trend. If the trend moves to this area and the demand stays the same, there will be a new growth wave. If the trend goes down to $300, the growth is quite unlikely. The price can even go down to the starting point in the $250 area. Ethereum Classic uptrend continued after the long flat. But it didnt last long. Having reached the upward peak, the demand sharply increased and that was a great opportunity for big sells. Major traders used this opportunity and the price dropped to $15. Currently, no clear trend can be Continue reading >>

Ethereum Briefly Crashes 20% To 7-week Low Amid Worries About Rival Bitcoin's Future

Ethereum Briefly Crashes 20% To 7-week Low Amid Worries About Rival Bitcoin's Future

Ethereum briefly crashes 20% to 7-week low amid worries about rival bitcoin's future Ethereum leaped several thousand percent this year to a record in June. Prices have been falling steadily since then. Bitcoin prices also fell Sunday amid concerns about a potential split in a few weeks. Prices of digital currency ethereum plunged more than 20 percent Sunday morning, amid concerns about the recent price surge and the future of bitcoin. Ethereum hit a low of $130.26 around 9 a.m., ET, down 22 percent from Saturday night's prices and the lowest since May 27, according to TradingView charts of Coinbase data. As of midday Sunday, ethereum traded near $159, down about 60 percent from a record $420 hit on June 12, but still up about 1,800 percent year-to-date. No specific reason for the move was apparent. Digital currency experts pointed to a combination of factors, including worries about a potential split in bitcoin and blockchain startups possibly selling the large amounts of ethereum they have raised in the last several weeks. Known as initial coin offerings, the fundraisers have gained about $1.2 billion this year, with about $600 million raised in the last 30 days, according to a July report from financial research firm Autonomous NEXT. Bitcoin also dropped, falling about 12 percent from above $2,000 to below $1,800 Sunday morning, before recovering to trade near $1,938 as of 1:07 p.m., ET, according to TradingView. Bitcoin has doubled in value this year. Andreas Antonopoulos, author of "Mastering Bitcoin" and a teaching fellow for the masters in digital currencies program at the University of Nicosia, attributed the drop in the cryptocurrencies' prices to a pullback after a "rapid 1,500 percent rise in two years, especially the last three months" according to a Sunday Continue reading >>

Cryptocurrency Update: Bitcoin And Ethereum Down By 30-40% As Correction Accelerates, Time To Buy?

Cryptocurrency Update: Bitcoin And Ethereum Down By 30-40% As Correction Accelerates, Time To Buy?

Cryptocurrency Update: Bitcoin and Ethereum Down by 30-40% as Correction Accelerates, Time to Buy? June 15, 2017 Mate Cser Analysis , Cryptocurrencies How long will the correction last? This is probably the biggest question in the minds of the crypro-trading community right now. As we warned yesterday , and (a little early) last week, Bitcoin and Ethereum were overbought on the long run and we concluded that: () a 30%-40%-50% correction, that has been the normal for Bitcoin in the past, is a huge psychological burden that makes a panic sale likely, usually just before the bottom. Because of this, it is better to wait for the correction and oversold readings, even if you will buy it at a higher price later on. This is true for long-term investors who plan on holding on to the coins and adding to their core holdings on the dips. Short-term traders should still wait for the short-term trend to turn higher before buying into the coins. In this update, we will focus on the two major coins, as they still likely to dictate the trends, but we will come back later with the analysis of the other majors and an update on the long-term picture. The biggest coin is testing its long-term trendline currently, and that corresponds with a strong previous support level between the $2150 and $2200 levels providing a possible base for a bounce. The short-term charts are getting oversold already, so a bounce back towards $2400 is in the cards today. If I were shorting Bitcoin (which I dont do) I would close a large chunk of my position around these levels. Long-term investors may already add to their positions here, although the re-test of the $1875-$2000 zone is still possible. Ethereum followed BTC lower despite its recent strength, and as we wrote yesterday , the $270-$250 zone looks ide Continue reading >>

Ethereum Price Drops Below $800 As Bears Take Control

Ethereum Price Drops Below $800 As Bears Take Control

The cryptocurrency marketsare always evolving in many different directions. Right now, the overall sentiment is pretty depressing, as the markets have gone down in value for quite some time now. With some markets losing 10% in value or more, things are not looking all that great. Especially the Ethereum price is struggling as of right now, for some reason. Anyone who has paid attention to cryptocurrency markets this year will have noticed things are not going exactly as planned. This is especially true for people who have high hopes for the Ethereum price , as things have ground to a halt some time ago. After surpassing $1,000 last year, the Ethereum price has not been close to hitting that target again for over a month now. It doesnt appear we will see that high Ethereum price anytime soon either. Over the past month, it has been pretty evident the Ethereum price is struggling for traction. Although there was a push to $1,000 a few weeks ago, this trend did not materialize in full Instead, things took a turn for the worse once again, as the Ethereum price has been on a steady decline ever since. After dropping below $950 again, the Ethereum price quickly dipped to $900, $850, and is now struggling to reclaim the $800 level. This is partially due to the recent Ethereum price decline of 7.62%. Although Ethereum has not suffered from much of a loss compared to the Bitcoin value itself, Bitcoin is certainly dragging all altcoins with it at this rate. Unless Ethereum can gain momentum over Bitcoin, the USD value of this altcoin will not go up anytime soon. Moreover, with the ETH/BTC ratio declining as well, there is no Ethereum price improvement in sight as of right now. With $1.9bn in 24-hour trading volume , things are not looking all that bad for Ethereum as of right no 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 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 >>

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