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Why Is Ethereum Crashing Today

How Today's Stock Markets Crash Will Affect Cryptocurrency Markets

How Today's Stock Markets Crash Will Affect Cryptocurrency Markets

How Todays Stock Markets Crash Will Affect Cryptocurrency Markets Join our community of 10 000 traders on Hacked.com for just $39 per month. Over the past few days, and particularly over the past 24 hours news on Wall Street has gone from hyper-optimistic to downright depressing. One article declared wed come to The end of the markets Trump honeymoon, others are analyzing not whether or not major correction is underway, but whether or not the correction will lead to a multiyear bear market. The change in sentiment is startling, and its been almost perfectly mimicked by the crypto market. Watching this play out has caused two questions to arise: firstly how strong the correlation between traditional financial markets and the cryptocurrency markets is and secondlyif the correlation exists what the implications of today could be for cryptocurrencies. Disclaimer: This part of the article gets a little technical.The tl;dr here is while the correlation between the markets themselves is weak, theres a noteworthy correlation between the sentiments of the two markets. I explain the implications of that correlation in the section following this one. Images like this infamous one from the 2008 financial crisis have started to appear in bearish articles. While many , many attempts have been made to qualitatively correlate crypto markets and even imply causation (a big no-no in quantitative analysis , relatively few attempts have been made to quantify the relationship. Aside from a few outdated articles, Ive found little. The best resource I was able to find on the subject was Sifr Data , a free cryptocurrency data visualization tool. Among other visualizations, they have a cryptocurrency correlation matrix which shows the z-scores and p-scores of correlations between various asset Continue reading >>

Bitcoin Drops 28% Below $10,000 On Coinbase; Ethereum Crashes 30% In 24 Hours

Bitcoin Drops 28% Below $10,000 On Coinbase; Ethereum Crashes 30% In 24 Hours

In fact, nearly every major cryptocurrency suffered massive losses during the day. Ethereum traded at about $1,062 as of 8:12 p.m. ET. That represented a sizable rebound after hitting a low of $854 earlier in the afternoon. Coinbase is the leading U.S. marketplace for trading bitcoin, ethereum, litecoin and bitcoin cash. But at around 10:50 p.m. ET, the price of ethereum fell below $1,000 again to trade at $973. The declines followed comments from South Korean authorities that indicated tougher regulation on digital currency trading. However, there was no immediately apparent driver behind the late-afternoon decline. Bitcoin dropped 28 percent to a low of $9,969 on Coinbase, but quickly jumped back up to trade back above $11,000 as of 8:12 p.m., ET. At about 10:50 p.m. ET, bitcoin prices slipped again to trade at $10,757. Bitcoin has now nearly halved in price after topping $19,800 in mid-December. But the digital currency remains more than 1,100 percent higher over the last 12 months, according to Coinbase. Ripple , the third-largest digital currency by market capitalization, traded near $1.05 after earlier plunging 46 percent to near 90 cents, according to CoinMarketCap. Last week, the site began excluding prices from some South Korean exchanges, where ripple trades about 20 cents higher. Continue reading >>

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

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

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

Ethereum

Ethereum

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

Will Ethereum Crash In 2018? 35 Possible Scenarios You Must Know

Will Ethereum Crash In 2018? 35 Possible Scenarios You Must Know

Its no secret that the Ethereum cryptocurrency value has an uptrend that sees it become most investors favorite blockchain platform. And naturally, ether (ETH), commands a massive interest from the corporate world as well as ordinary people who are out to make some quick bucks from the colossal ROI that Ethereum promises. In addition, the number of ICOs that have come up on Ethereums blockchain has ensured that the price of this crypto has risen again, even when it fell to all-time lows earlier in 2017. That aside, there have been mini-crashes before, like the one that scared investors on 27th June 2017. But the question on most skeptics mind is whether Ethereum is going to survive the next crash, or the bubble will finally burst. In short, are we primed to witness an Ethereum crash today? Will it be tomorrow? Or is it going to happen in 2019? Many investors, including some big shot companies, have chosen to go short on bitcoin and long on Ethereum. The reasoning is that even if it were to happen, Ethereums blockchain system, revamped recently by adopting a PoS application could wither another crash. That is what the optimist says. However, let us be pragmatic and examine the possibility of the fact that we could have Ethereum crash due to a network failure, government interference, issues related to trading failure or a domino effect from other spectacular crashes that could happen with any of the other cryptocurrencies. Will Ethereum crash due to technical issues? It is profoundly unfathomable, but trends around the world indicate that it is a possibility. We should be aware that a purely technical failure could affect Ethereums transactions triggering a downward trend that would affect prices, leading to panic sells and plundering Ether prices to the floor. If that Continue reading >>

Cryptos Are Tanking Again, But Not Bitcoin

Cryptos Are Tanking Again, But Not Bitcoin

Some people do believe that Bitcoin is here to stay for a long while. But that doesnt mean the other coins will have the same fate. Some will wither and die, and thats a fact. They cant all thrive, so make sure you know what youre investing in. That said, Bitcoin is down 2% in trading on early Wednesday, but that still puts it at over $11,200. The other nine coins from the top 10 are losing anywhere from 1.68% to 8.11% in value. Remember, however, these numbers can change without notice. Compared to Tuesday, the whole crypto market lost nearly $30 billion the market cap for all coins it at $483.57 billion as I write this. As for new developments, the crypto-related news cycle is mostly positive. South Korean regulators have reaffirmed their interest to offer a better deal to cryptocurrency fans, as Reuters reports . The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation, chief of South Koreas Finance Supervisory Service (FSS) Choe Heung-sik told reporters. The same Reuters says that Japanese crypto exchanges are looking to form a self-regulating body. Nothing is official at this time, but 16 companies are apparently looking to safeguard investors in the region, after last months cyber money heist worth $530 million. PayPals CFO John Raine talked to The Wall Street Journal earlier this week, revealing that he believes Bitcoin or other digital coins will be good for payments. Given the volatility of Bitcoin right now, its not a reliable currency for transactions because if youre a merchant and you have a 10% profit margin, and you accept bitcoin, and the very next day bitcoin drops 15%, you are now underwater on that transaction, he said. The technology, there is r 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 >>

Game Over: Crypto Vigilante Shuts Down Twitter's Favorite Dapp

Game Over: Crypto Vigilante Shuts Down Twitter's Favorite Dapp

Game Over: Crypto Vigilante Shuts Down Twitter's Favorite Dapp Feb 20, 2018 at 17:00 UTC|UpdatedFeb 21, 2018 at 13:10 UTC A red-hot ethereum game is off the market, collapsing Tuesday in a complex tale involving crypto-economics, community backlash, and finally, a sudden takeover. Launched just earlier this month, Crypto All Stars was an instant hit, with over $2 million in ether passing between users, according to data from dappradar.com . Like CryptoKitties before it, Crypto All Stars allowed users to trade digital cards adorned with original designs, however this time, there was a twist, one tailor-made for community engagement. A digital marketplace for Twitter's favorite crypto personalities, Crypto All Stars allowed users to trade the likenesses of the technology's biggest names, from litecoin creator Charlie Lee to AngelList co-founder Naval Ravikant to infamous blogger Bitfinex'd. And in its week-long run, the game became something of a small meme sensation - bouncing only 100,000 views below its competitor, CryptoKitties, according to site data from alexa.com . But while the platform attracted its share of fans, it also garnered critics who questioned whether it was designed with the proper incentivizations at play. Indeed, one user seems to have become so disenfranchised with the game that they ultimately purchased it only to shut it down. At press time, the Crypto All Stars website no longer displays its original advertising, but rather a message from its pseudonymous buyer explaining why the popular game will no longer be available. Written by "Mexicantarget," the post has become the talk of Twitter, as it alleges that the original founders were simply out to scam unsuspecting buyers. "I've been fighting against scum like you who create Ponzis and get peopl Continue reading >>

Crypto Crash: Bitcoin Drops To Lowest Point Since November

Crypto Crash: Bitcoin Drops To Lowest Point Since November

Crypto crash: bitcoin drops to lowest point since November Bitcoin has dropped by around 20% over the past two days Bitcoin suffered its third price crash in two weeks this morning, falling below the $8,000 (5,700) per coin mark. Cryptocurrencies in 2018: what can we expect from Bitcoin and Ethereum? The cryptocurrencys value has dropped by a total of 30% this week and is at its lowest price since November, Reuters reports. Other digital currencies, such as Ripple and Ethereum, have also suffered double-digit declines in the last 24 hours. It is believed that Facebooks decision to ban all cryptocurrency adverts from its network, and a growing regulatory backlash from countries such as China and South Korea, have led to mass sell-offs by investors over the past two weeks, the news site says. The price crash is a jarring turnaround for the cryptocurrency market, says The Verge . Bitcoin reached an all-time high of $20,000 (14,100) per coin in December. However, according to The Independent , bitcoin is still up 2,520% over the last year, with the recent price crash simply undoing all of the incredibly fast surge traders saw at the end of last year. Crypto crash: bitcoin and Ethereum plummet in value The cryptocurrency market has dropped sharply over the past two days, with the value of popular coins including bitcoin and Ethereum dropping by up to 20%. The crash has been attributed to the South Korean governments new plans to crack down on virtual currency trading, which has led to a sell-off across the market globally, says BBC News . Bitcoins value, which hit $20,000 (14,500) per token in December, tumbled as low as $10,000 (7,300) on Wednesday morning. Ethereum and the bank-focused coin Ripple also plunged in value, says Reuters , as the news from South Korea fuelled Continue reading >>

Will Ethereum Crash?

Will Ethereum Crash?

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

Why Is The Ethereum Price Falling Today?

Why Is The Ethereum Price Falling Today?

After a spike in value near the end of the year, cryptocurrencies across the board saw a massive drop. The Ethereum price seemed to be bouncing back, but saw a decrease in value of more than 5% today, and the reasons are so far unclear. It has been a rough couple of months for cryptocurrencies. In December, it appeared as if the Ethereum price showed no signs of slowing down, with these virtual investments across the board seeing highs that we had never seen before. This rise in Ethereum price brought in a lot of first-time investors who were, understandably, disappointed when the market proceeded to take a massive nosedive over the course of just a few weeks bringing cryptocurrencies right back down to where they were a few months before. The Ethereum price had shown signs of starting to increase, but today we saw a drop in the value reinforcing the idea that we can never be too sure of which how far and in which direction these cryptocurrencies will continue to move . Ethereum price, like the majority of cryptocurrencies, is largely tied to speculation. While traditional investments like stocks have their value determined by a real-world entity such as the performance of a company, cryptocurrencies have no such basis. As such, its very easy for the Ethereum price to rise and crash due to volatility that is inherent due to the crypto design. While the price has been all over the place over the past few years, The Ethereum price has generally trended upwards remaining at a massive increase since the same time last year despite the massive drop off we saw at the beginning of the year. Over the past few weeks, weve seen the price of most major cryptocurrencies start to recover, but this most recent drop reminds us that the current climate makes a market recovery anything Continue reading >>

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

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

Why Ethereum Weathered The Cryptocurrency Downturn Better Than Bitcoin

Why Ethereum Weathered The Cryptocurrency Downturn Better Than Bitcoin

Why Ethereum weathered the cryptocurrency downturn better than Bitcoin If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin, which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit. The cryptocurrency market has begun a modest recovery, but investors have nonetheless been given a stark reminder that cryptocurrencys volatility is a double-edged sword if you want to try and make it to the moon, youve got to risk crashing down to earth. One coin that has stayed relatively stable throughout the recent crash, though, is Ethereum. In fact, the value of 1 ether has actually increased by 4.9 percent since January 1, 2018, and its value relative to Bitcoin has grown by nearly 50 percent. So what is it about Ethereum that has allowed it to weather the storm and come out ahead? The short answer: Ethereum is backed by real utility that many other cryptocurrencies, Bitcoin included, simply dont have. Ethereum cofounder, Vitalik Buterin , realized that blockchain technology was capable of supporting far more than just electronic cash systems. Rather than prescribing a narrow range of functions for which users could use the blockchain, he saw the potential for a blockchain platform on which developers could build any application they like. This would allow software designers to get all the benefits of blockchain technology decentralization, inalterability, security, etc. without having to build their own personal blockchains. Thats the vision behind Ethereum, and so far its been a tremendous success. Since its release in 2015, Ethereums network has become home to thousands of decentralized applications, or dapps. Many of these dapps are sti 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 >>

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

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

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

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