Ethereum Falls To A Recent Low
Ethereums price has reached a new recent low today, down to $448 while remaining very close to that level at the time of writing. Volumes are slightly up to $1.7 billion in the past 24 hours, but the currency keeps falling more than any of the top ones. We havent seen that sort of chart since ethereums May drop in 2017 after it reached a brief high of $420, a high eth now stands very close to. There is therefore a general level of fear, or what we would call despair, as traders wonder whether this will now halve, and whether it will rise again. Unlike Charlie Lee , we do not have a crystal ball. But the last time this sort of thing happened, whereby price nears below a previous high, was back in 2015 or so for bitcoin. Then, it happened far, far more slowly, with the movement this time appearing a lot more accelerated, similar to eths May crash. If we go back to bitcoin, after it had reached a high of $1,000 and following the calamity of MT Gox in 2014, everyone liked to say price had never fallen below its previous high, which for btc then was $266. When it did so fall, everyone stopped talking about price and started frowning upon those that did talk of it. What that probably means is that those who wanted to leave had left at that point, with only the true believers remaining and the long term investors. For them, it wasnt a question of what the price was, but a question of what cryptos can do. An atmosphere that currently is fairly dominant in Bitcoin Cash out of all places. They recently had a big conference, and as much as we thought it would be a nice way to fall asleep during bed-time, watching it managed to keep us up. Which with hindsight makes one wonder whether perhaps we did lose our way a bit. Perhaps the focus on price had become too central to all thing Continue reading >>
The Slippening: Ethereum Price Falls To 7-month Low Against Bitcoin
The Slippening: Ethereum Price Falls to 7-Month Low Against Bitcoin The ethereum price has plunged to a seven-month low against the value of bitcoin. Ethereum Price Falls to 7-Month Low Against BTC The past two months have been disappointing for ethereum investors. Since nearing $400 at the beginning of September, the ethereum price has demonstrated an inability to mount a sustained rally past $300, even as bitcoin has achieved all-time highs on an almost weekly basis. Ethereum did make some movement on Thursday, but it was not in the direction investors would prefer. The ethereum price fell 6% as traders liquidated their holdings to add more fuel to bitcoins bull run, temporarily forcing it below $280 although it has since recovered to about $290. However, the situation appears far more dire after examining the ETH/BTC price trend. It is no secret that bitcoin has been consolidating its position as the dominant cryptocurrency; at present, bitcoin controls nearly 63% of the total crypto market cap, and that number has been steadily rising over the past few weeks. However, ethereum came dangerously close to achieving the Flippening raising its market cap above that of bitcoin and becoming the largest cryptocurrency so one might have expected it to prove to be more resilient than the legion of altcoins with much smaller market caps. This has not been the case. ETH Price Chart (USD & BTC) | Source: CoinMarketCap At present, ethereum is trading at approximately 0.04 BTC. The last time ethereum was valued so low against the price of bitcoin was the last week of April, when the ethereum price was just $50. Moreover, it is roughly one-fourth of ETH/BTCs all-time high, which topped out at close to 0.16 BTC in mid-June. Nevertheless, while ethereums short-term performance has f Continue reading >>
Cryptocurrencies Bitcoin, Ripple, Ether Lose $500b Since High | Fortune
For comparison, that loss is roughly equal to the value of Berkshire Hathaway , the $510 billion firm built by investing titan and Bitcoin skeptic, Warren Buffett . Those losses for cryptocurrencies are notably not since Bitcoins peak in December, when it reached $20,000 on some exchanges. Rather, thats nearly $500 billion lost based on when those 1,565 cryptocurrencies tracked by CoinMarketCap collectively reached their all-time high in valuation. For the most part however, the smaller, so-called alt-currencies have largely followed the up-and-downs of Bitcoina trend that the most recent sell-off has maintained. And as far as one Bitcoin bull is concerned, the slide may have further to go before its comeback. When sentiment is this weak, the market is increasingly fire, ready, aimmeaning, any headline today is likely to trigger selling, wrote Thomas Lee, Fundstrat Global Advisors managing partner, in a note early Thursday. That comes as the price of Bitcoin reaches about $8,000, down 7% in the last 24 hours. Similary, the price of Ethereum dropped 9% below $600, while Ripple fell to 68 cents, falling about 8% during the same period. How much further might Bitcoins value fall, according to Fundstrat? Based on back of the envelope calculations and estimates from Fundstrat, Bitcoin valuation could shed another $37 billion in the near future, falling to about $99 billion in market capitalization. Thats based on technical analysis (an investing strategy with both its pros and cons ) from Fundstrat technical strategist Robert Sluymer, who wrote in that same note: Our expectation is Bitcoin will begin to show evidence of bottoming short-term closer to $5,873. After which, presumably, investors would once again buy in, allowing the cryptocurrency to bounce. But not all are so Continue reading >>
Ripple (xrp) Leaves Both Ethereum And Bitcoin Behind In Advantages
Ripple (XRP) leaves both Ethereum and Bitcoin behind in advantages Home All Posts ...Ripple (XRP) leaves both Ethereum and Bitcoin... Yes, Ripple is facing a lawsuit that hasnt turned into cryptos way completely yet. A bunch of investors (which are in no way representative of the crypto or Ripple community) think Ripples XRP is a security instead of a coin and they want the government to agree. The outcome will not be critical for Ripple only, but for the whole cryptosphere, so you shouldnt mind all that much because if, after this lawsuit, Ripple suffers, every single crypto coin will as well. Thats not going to happen. Instead, pay attention to current and future capabilities. Youll find it very hard to beat Ripple in this subject. Ripple was developed back in 2014 (thats even before Ethereum ) which is probably why this project was never centered on smart contracts (as Ethereum is). The notion of a smart contract wasnt very developed back then, as expressed in Stefan Thomas words , Ripples Chief Technology Officer, We just didnt feel like smart contracts was a very mature industry at that point. Frankly, the use cases seemed somewhat dubious in value. Ethereum got it right, of course. But Ethereum soon found its very own problems.While Ethereum remains the smart contracts king, its been heavily criticized from the beginning because of its lack of scalability and high fees. That is why Mr. Thomas brought back the Ripples smart contract platform called Codius which can deal with both of those issues. As Codius is relaunched already, it will probably just highlight again all the problems in Ethereum (as if Justin Sun has not done that thoroughly enough) as it also makes Ripples superiority evident once again. Not so long ago, an investor called Josh Williams had this t Continue reading >>
Ethereum Registers New Low For This Year Disaster Or Opportunity?
By Carlos Terenzi in Cryptocurrency News Home It is clear that the last months were not good for the cryptocurrency market. Most of the cryptocurrencies suffered from the consequences of a bear market and reached the lowest levels since several months. Ethereum (ETH), has now reached new lows this year and if it breaks under $400, ETH could reach $330-$350 dollars. One of the interesting things about Ethereum is that it has never fallen below a previous all time after reaching new highs. In this case, the previous all time high before December 2017 was registered in June 2017 when each ETH was being traded around $420 dollars. Most of cryptocurrency traders were anxiously paying attention to the charts to see whether this time Ethereum could break that rule. At the moment of writing this article, Ethereum broke this level and it is being traded around $402 dollars. The support level at $420 has been broken and went down until where we are now. If it breaks under $400, then, the next support is located at $300 dollars. That would not be good for Ethereum. A free fall from $400 to $300 could be devastating for the community that is working in order to scale the network and developing DApps . The RSI indicator is near the oversold point in the 12 hours chart at the Bitfinex exchange. That could be taken by some traders as a good entry point before the market changes direction and bulls take control over it. Ultimately, bitcoin is the cryptocurrency that rules all the others for the moment. In general, when bitcoin starts moving up, most of the other cryptocurrencies follow the trend. The same happens when bitcoins price starts to go down. So as to break this almost direct relationship between altcoins and bitcoin, important news should appear that will disrupt buyers and Continue reading >>
Bitcoin Price Dips To Two-month Low Below $7k
Bitcoin Price Dips to Two-Month Low Below $7K Jun 11, 2018 at 01:50 UTC|UpdatedJun 11, 2018 at 01:56 UTC The price of bitcoin dropped $500 in a single hour Sunday to hit a two-month low below $6,700. According to CoinDesk's Bitcoin Price Index, the world's largest cryptocurrency by market capitalization is now changing hands at $6,718, up slightly after reaching a daily low of $6,647, its lowest total since April 10. Indeed, data shows that over the last 24-hours bitcoin failed to find solid support in the $7,470 zone, before plummeting 11 percent to $6,647. For traders, this means bitcoin's two-month uptrend appears to be in question. Trading at around $6,700, bitcoin is now within striking distance of its 2018 low of $5,947 set in February. With the bitcoin price declining, so too has the market for all cryptocurrencies, with now stands at $295 billion, down from $340 billion yesterday. The figure also marked a two-month low for the broader market. Nearly all cryptocurrencies listed show a 10-20 percent decline in price over the last 24-hours. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>
Crypto Watch: Bitcoin, Ethereum, And Ripple Prices Continue To Plummet. Is The Bottom In Sight?
Crypto Watch: Bitcoin, Ethereum, And Ripple Prices Continue To Plummet. Is The Bottom In Sight? The Bitcoin price (BTC) dipped as low as $5,835 the night of Thurs. June 28, bringing the total cryptocurrency market cap to $236B --which is lower thanthe Bitcoin market cap alone earlier this year. June has been a tough month for the cryptocurrency market. Last week, Bitcoin hit a yearly low , dipping below the $6,000-markfor the first time since November -- the same month the cryptocoin would spike toward $10,000. Meanwhile, a new report from Bloomberg reveals that more than 1,000 cryptocurrencieshave been declared dead -- a resultthat authorOlga Kharif claims stems from the ICO frenzy of the past year. [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.] Forthose hoping for a market turnaround, this news has been unwelcome. Butat the end of May, noted crypto trader and influencer Willy Woo predicted the BTC price would drop to the mid-$5,000s beforeJune's end in a Twitter thread ,citing the cryptocurrency's overly high NVT signal and volatility, disproportionate Standard NVT, and Volume Profile Cliff below $6,800. He explained: Disclosure: I own some Bitcoin, Ripple, Litecoin, and actively trade other cryptocurrencies. Meanwhile, the New York Times recently reported on a 66-page academic paper that claimedBTC's price had been artificially inflated by Tether and Bitfinex -- a hypothesis in public speculation for many months prior. John Griffin, the lead author of the paper and professor at the University of Texas, is noted for his history of spotting fraud in financial markets. Mr. Griffin looked at the flow of digital tokens going in and out of Continue reading >>
Newsflash: Ethereum Price Dips Below $500 As Bitcoin Nears Year-to-date Low
Newsflash: Ethereum Price Dips Below $500 as Bitcoin Nears Year-to-Date Low Open Positions at CCN: Full Time and Part Time Journalists Wanted. The cryptocurrency market took another downward turn on Tuesday, driving the ethereum price below $500 and the bitcoin price one step closer to its year-to-date low. The majority of large cryptocurrencies had entered the day on a slight upswing, enabling them to regain a small amount of the ground that they lost when Bloody Sunday wiped $40 billion off the cryptocurrency market cap. However, the market was unable to sustain this brief recovery, and by Tuesday at 10:00 UTC most coins began to decline against the dollar. The pullback forced the ethereum price below the psychologically-significant $500 mark, and by 19:43 UTC ETH was trading at just $488 on Bitfinex representing a 24-hour decline of five percent and had seen its market cap drop below $50 billion. The bitcoin price fared slightly better, though it still endured a three percent decline that placed it within $500 of its year-to-date low. At present, bitcoin is struggling to hold above the $6,500 mark and has a market cap of approximately $112.2. billion. The precise trigger for the decline is not immediately clear, though it may stem from the fact that bullish predictions about institutional investors entering the markets have failed to materialize into actual investments even as interest among retail investors has continued to wane over the course of the year. Click here for a real-time bitcoin price chart. Continue reading >>
Ethereum Price News: How Low Will Ethereum Go? Why Is Eth Falling?
Ethereum price news: How low will Ethereum go? Why is ETH falling? ETHEREUM continues its bearish trajectory under heavy selling pressure and a market-wide crash as the prices plunges again today. Why is Ethereum falling and how low will it go? Ethereum (ETH) prices fell significantly against the US dollar and crypto-frontrunner bitcoin last night, losing 5.3 percent and sliding down to just $391.15. The drop past the $400 mark puts Ethereum well below the $410 resistance line. Ethereum had its price forced down by more than $50 due to increased selling pressure from traders. The price was hit so badly that it dropped to a new monthly low of $365 as trading continued. And the bearish trend doesnt seem to have an end in sight, with prices looking like they could go sub-$350, according to strategists. Ripple price crash: Why is ripple going down? Why is ripple crashin... Ethereum is getting hammered in the overnight trades, but it isnt the only cryptocurrency to take a beating. A market-wide drop in price has plagued the crypto-market this week, sending coins deep into the red. Bitcoin dropped sub $6,000 in the early hours of the morning, with Litecoin falling to $117 and Ripple losing 5.77 percent to rest at $0.51. The crypto-market has been bombarded with the new regulations could be imminent, forcing investors to be more cautious. Widespread panic that major hacks could claim trader coins has also stifled growth in recent months, with most of the major coins losing more than 40 percent in value since the beginning of January 2018. Continue reading >>
Ethereum Price Hits Three-month Low As Cryptocurrency Market Resumes Descent
Ethereum Price Hits Three-Month Low as Cryptocurrency Market Resumes Descent Ethereum Price Hits Three-Month Low as Cryptocurrency Market Resumes Descent The Money Makers Club now has 6 of 15 available seats. Learn more here! Ethereum has hit its lowest price since April dropping by 5% in the last day to $437.75. The last seven days have seen ETH lose 19% of its market value going from a price of $542.39 just five days ago, to its three month low of today. While Bitcoin has reverted to its pre-December price, Ethereum has managed to stay above its 2018 low. That low came in early April, right before a magnificent bull month saw its price double to $829. Ever since May, however, ETH has fallen in line with the market in general, and has recorded nothing but losses ever since (with brief spurts of growth in between). Ultimately, the downward trend since May has seen ETH lose 47% of its value. While worrying, this is actually significantly less than other popular tokens, such as TRX and EOS , which have both posted losses closer to 60%. The entire of the last month has seen ETH lose 25% , with a constant downward line conveying the state of the current market. Ethereum has struggled to keep pace with Bitcoin over the past couple of weeks. When the market has dipped, Ethereum has dipped further. When the market spikes, Ethereum struggles to spike as high as Bitcoin. This may come as a surprise to those who envision Ethereum as the ultimate replacement for Bitcoin, and it does indeed buck the trend of recent months where Ethereum tended to outperform BTC. The overall trading volume spiked suddenly to $4.6 billion at midnight last night. At the time of writing, that number has quartered to around $1 billion. That $4 billion volume hasnt been seen since the heady days of earl Continue reading >>
Why Did Ethereum [eth] Drop To $450 Yesterday? Will It Go Down Again?
Why did Ethereum [ETH] drop to $450 yesterday? Will it go down again? Ethereum [ETH] had peaked to $1419 and then suffered a drop by almost 50% within 4 days dropping to $757 momentarily before going back up. That was on January 13th, 2018 when the markets were extremely volatile with fresh hands coming into play with all the hype and media coverage. Analysts believe, that the market now has gotten rid of amajor chunk of weak hands which make it so tender. Yesterday, 18th March 2018, when Ethereum dropped dramatically the question was, who sold them Ethers? In the past 13 days, Ethereum has gone from trading comfortably at $866 to yesterdays $450 level. In an image shared yesterday by Wilhelm on Twitter Wilhelm a community manager at SantimentFeed shared an image on Twitter suggesting the possibility of ETH being dumped/moved by major tokens including EOS, Sirin, Civic, etc. Viktor Skibitsky, a developer from Moscow says, Big rumors of major tokens dumping ETH. Regulatory concerns? or no one like ETH anymore? A lot of them like TRON will eventually move away from ETH so it is possible to see a further slump in ETH soon With people suspecting EOS as the major dumper yesterday, there was some support from the EOS community, for example, EOS Evangelist, an EOS Twitter evangelist says, The whole crypto market has been dumping since the tail-end of December and yall are trying to make inferences with no proof. LOL. Youre FUDing $EOS without demonstrating any knowledge about whats being developed. I get it. FUD is the general counter argument to criticisms of your beloved project. Unfortunately DPoS has the perfect description in the name. Maybe could call it a steeming PoS to be even more accurate. Just spitballin here. Wilhelm shared another image of the alleged ETH dump b Continue reading >>
Ethereum (eth) Price Goes Below $430, Hits 2.5 Month Low
Join 4,500+ attendees at Consensus 2018. Register Now! News Ethereum (ETH) price goes below $430, hits 2.5 month low Ethereum (ETH) price goes below $430, hits 2.5 month low Ethereum (ETH), with a market cap of $45 billion rules the cryptocurrency market at the 2nd place. But the bearish turn in the crypto market has been bleeding most of the digital currencies dry. And Ethereum is no different, the coin has been losing price constantly these past few weeks. The only ray of light has been Schipol Airports announcement. They announced that a cryptocurrency ATM would be installed which allows travellers to exchange their euros for Ethereum or Bitcoin . The machine will be installed in the departures lounge so that travellers with any leftover euros can exchange it for these virtual currencies. Ethereums price has been on a roller coaster thats just going down for a while. But on Sunday, ETH was trading at $426.47 around 16:00 UTC, this is the lowest it has been since April 12th. That is $50 lesser in just 12hours when compared to Saturdays price. But today, it seems that the coin has recovered and is now up by $28 and is trading at $454.69. See Also: Aventus Protocol Goes Live On Ethereum MainNet However, though the coin has seen a slight increase in price, it shows a 0.26% decline in the past 24 hours. Compared to the earlier high of $752 seen in May, its decreased by around 43%. And compared to Januarys price of $1098.26, Ether has seen a massive decline of 61%. But experts suggest that Ethereums price could spike up and well see a reversal in prices soon. ETH has reached an oversold territory according to long-term indicators, they state that the price is currently consolidating. The markets bearish downturn has affected most of the cryptocurrencies. Most of the coins Continue reading >>
Ethereum Price Falls: Why Is Ethereum Falling Today? Eth Hits New Low This Year
Bitcoin price: Why is bitcoin falling today? BTC hits March low The advertising giant announced: This year, we updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs). We also updated our gambling ads policies to address new methods of gambling with items that have real-world value (eg, skins gambling). Google s crackdown on malicious malicious advertising and phishing scams hiding behind clickbait ads comes after the company removed more than 7,000 AdWords accounts last year. In 2017 Google said it had removed more than 3.2 billion ads in violation of its policies at a rate of more than 100 ads a second. Ethereum price: ETH has fallen to a new low this year after Google's announcment Now Ethereum is among all of the top trading cryptocurrencies in the red after the news sparked a panic sell off. Ethereum has been under a wave of pressure the past week without any sustained buying yet to emerge short term But some analysts welcomed the Google crackdown, arguing it would clear the crypto space of malicious scams and actors. Chris Keshian, managing partner and CEO of $APEX Token Fund, said: We see Googles actions as progressive as long as they continue to keep an open mind and dont tar all cryptocurrencies with the same brush. Crackdowns on cryptocurrencies are the best way to weed out irresponsible and fraudulent ICOs and place greater focus on cases against unregistered persons acting as agents, brokers, and investment professionals in the cryptocurrency space. This is a key step in cryptocurrencies becoming a mature and stable asset class. Ethereum price chart: ETH hit a low today but attempted to claw back its losses However FX Empire Continue reading >>
The Crypto Market Is Down Over 50% From 2018 Highs
The Crypto Market Is Down Over 50% from 2018 Highs Feb 5, 2018 at 13:50 UTC|UpdatedFeb 6, 2018 at 05:04 UTC The total value of all publicly traded cryptocurrencies hit a combined $366 billion today, the lowest figure observed for the market since Dec. 4, data from CoinMarketCap reveals . The more than 60-day low, however, can also be read more bearishly, as it represents a 50 percent drop from the market's all-time high above $830 billion in early January. Indeed, for the second time in just four days, the market is awash with double-digit declines, as injust a few short weeks a combination of new buyer fatigue and negative news appears to have taken its toll. This time, the culprit may be speculation that new buyers may be further discouraged due to reports China could further restrict domestic buyers from overseas market resources, while major credit card issuers across the globe are reportedly restricting access to cryptocurrency buying. Still, year-over-year, the figures are less bleak, as the market is up more than 1,800 percent from just $19 billion in Feb. 2017. As such, traders may be trading the declines and otherwise taking their negative news in stride. Further data analysis reveals the market is still trading above the $355 billion total observed on Friday, when the market saw a similar period of double-digit declines. That said, themarkets are fast losing altitude. Here's an update of the current market prices and most recent lows: Ethereum's ether (ETH) cryptocurrency is trading at $783, a near three-week low. At press time, ETH was trading at its lowest level since Jan. 17. Fresh off securing its status as the worst-performing cryptocurrency of Jan. 2018, XRP, the native cryptocurrency of the RippleNet blockchain dropped 12 percent Monday to $0.76. Overa Continue reading >>
Can Ethereum (eth) Recover As Fast As It Plunged?
Can Ethereum (ETH) Recover As Fast As It Plunged? All the top 10 cryptocurrencies are trading in the red as the dreadful sentiment over the weekend continues to take hold. The entire cryptocurrency market has lost over $50 billion of its market capitalization since the weekend decline engaged a new gear into the red zone. Both Bitcoin (BTC) and Ethereum (ETH), the leading crypto assets have cumulative losses of more than 10%. Ethereum took a dive in the hours following negative news and has so far struggled to regain any upside momentum. It dipped to nearly touching the $500 mark which would have opened a threat of going below that level and a truly abyss opening up. In a difficult May and June, ETH has on several occasions tested the trendline and fear and panic-selling all over the market is driving prices into the ground. ETH/USD is currently trading at $526, down by 8% over 24 hours. Todays price decline is somewhat sharper compared to the drops over May and June. On June 10, 2018, Ether opened trading at $594 against the US dollar. However, it quickly plunged to lows of $511 before rising to close at $526. The coin has touched yesterdays low prices, though it has only risen to a high of $534. Although no major negative movement has been witnessed in the last few hours, the overall scenario remains bearish. The current atmosphere is similar to the March decline that culminated into ETH hitting a YTD all-time low of $363 reached on April 1, 2018. Its slightly positive for Ethereum as it trends above its support line of $522. Its important because if this level was destroyed and the coin broke below $500, then it would drop to lows of $485. And after that, it could go all the way to lows of $400. The expectation is that ether bulls will find support to anchor and avo Continue reading >>