CryptoCoinsInfoClub.com

Why Is Ethereum Dropping Today

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

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 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? / 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 >>

Why Are Bitcoin, Ethereum And Other Coins Dropping? Facts And Sentiments Now!

Why Are Bitcoin, Ethereum And Other Coins Dropping? Facts And Sentiments Now!

Why are Bitcoin, Ethereum and other coins dropping? Facts and Sentiments now! Today at 16:14 UTC, Bitcoin was back to trading at $10,600 and business was back to usual with BTC in its comfort zone around $10K. Post 16:14 UTC, within an hour by 17:17 Bitcoin was trading at $9,600, losing about $1000 in a flash. There are two major news that broke out earlier today that had a very big influence on the prices: Trustee of Mt. Gox selling half a billion dollars worth Bitcoin and Bitcoin Cash In between December 2017 and February 2018, the trustee sold 2000 bitcoins on December 18th, later sold 6000 bitcoins on December 22nd and continued to sell major chunks of Bitcoin and Bitcoin cash at regular intervals whenever the market seemed to recover again. This event shouldnt have particularly affected the current prices since it happened over a month ago. Market sentiments (as seen in the interview below) reveal that investors amateur or veterans do not trust the nature of the market right now especially when a trustee of Mt.Gox who was close to the market sold his bitcoins. The Binance team temporarily disablingwithdrawals after unconfirmed reports of unauthorized selling A reddit user just 2 hours ago complained about the unauthorized selling of his portfolio which might be part of a larger unauthorized sell-off resulting in the entire market crashing. All markets including Bitcoin, Ethereum and others have dropped considerably in the past hour. A reddit user shocked by unauthorized selling of his funds The sudden sell-off of funds also surprisingly resulted in a crazy spike of above 1000% in a token called Viacoin. There were certain users on the same reddit thread who complained about their accounts being hacked and the portfolio suddenly buying Viacoin. One reddit user says Continue reading >>

Ethereum Price - Coindesk

Ethereum Price - Coindesk

The vice president of the European Central Bank saidyesterday that investors are taking a risk buying bitcoin at current high prices. How many people do you think own bitcoin? I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>

Explaining The Dip: What Caused The Recent Cryptocurrency Downturn

Explaining The Dip: What Caused The Recent Cryptocurrency Downturn

Explaining The Dip: What Caused The Recent Cryptocurrency Downturn Kenny Au is an artificial intelligence and blockchain entrepreneur. A picture taken on February 6, 2018 shows a visual representation of the digital cryptocurrency Bitcoin (JACK GUEZ/AFP/Getty Images) Cryptocurrencies set striking records in the year 2017. The values of major cryptocurrencies, especially Bitcoin, Ethereum, and Ripple skyrocketed so high that those who had invested in them earlier felt on top of the world and those who hadnt felt that they had missed out. On December 17,2017 , the value of Bitcoin had risen to an all-time high ($19,850) as had several other major cryptocurrencies. Several warnings were given as to why people should avoid investing in cryptocurrencies on the premise of the volatile nature of the market. However, 2018 has not been a good year for the market so far. Having reached a valuation of $834 billion as of January 7, 2018, CoinMarketCap reported that the market witnessed a drastic plunge of about 66%, losing over $553 billion. Bitcoin recorded a huge loss of over 50% inFebruary, with valuation dropping below $7,000. Ethereum and Ripple also suffered similar drops, both recording losses of over 40% during the same month. This plunge has put many into a state of panic. Could this be where the bubble bursts? Is this what so many experts have warned about? Are we seeing the end of crypto-currencies? The market before was clearly overheated, points outMiko Matsumura, cofounder of Evercoin . The only fear in the market was fear of missing out. These speculations led many to rush into the market, resulting in price inflation. However, he believes that the market is currently stabilizing, which was the reason for the plunge. I do think there are a number of people in a stat 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, 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, 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 >>

Here's Why Bitcoin, Ethereum, And Ripple Are Plunging Today

Here's Why Bitcoin, Ethereum, And Ripple Are Plunging Today

Here's Why Bitcoin, Ethereum, and Ripple Are Plunging Today The cryptocurrency markets are having their worst day in some time on Tuesday. Not only are bitcoin (BTC-USD) and Ethereum (ETH-USD) down, or a few other major cryptocurrencies, but digital currencies are largely plunging across-the-board. In all, the cryptocurrency market has lost about $70 billion in value over the past 24 hours. The stock market's correction over the past couple of days could certainly be playing a role in the decline. In addition, a few troubling news items seem to be worrying cryptocurrency investors, which may be causing selling pressure. A person staring at a red arrow on graph trending sharply downward. Here's a look at the five largest cryptocurrencies by market capitalization, and how much each has changed over the past 24 hours. Data Source: investing.com. Prices and daily changes as of Jan. 30, 2018 at 2:15 p.m. EST, and prices are rounded to the nearest cent where appropriate. Cryptocurrency prices are down pretty much across the board. In fact, all of the top 20 cryptocurrencies are down on Tuesday. Bitcoin (BTC-USD) dropped below the key $10,000 level, and other leading cryptocurrencies were also plunging. Of the top five, only Ethereum (ETH-USD) remains in the green over the past week. One reason for the widespread decline was a Bloomberg report that a pair of subpoenas were issued to cryptocurrency-related companies. Cryptocurrency exchange Bitfinex and coin issuer Tether were reportedly sent subpoenas on Dec. 6. If you're not familiar, Tether's digital currency is supposedly backed by the U.S. dollar, and the company claims that each of its coins are backed by U.S. dollars held in reserve -- in other words, each of Tether's coins is supposedly worth $1. As of this writing, th 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 >>

Ethereum Creator Vitalik Buterin Warns About Cryptocurrency Investment

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 Chief Warns Cryptocurrencies Could Drop To Near-zero At Any Time

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 >>

13 Answers - Why Is Ethereum Dropping So Much Right Now?

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 >>

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 >>

Ethereum Price: Why Is It Falling Today? Will It Keep Falling? Eth Down 23 Percent

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 >>

Heres Why Bitcoin And Ethereum Are Falling Today, But Ripple Is Soaring

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 >>

More in ethereum