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 >>
Ethereum Price Prediction: Should I Buy Or Will Ethereum Crash?
Ethereum Price Prediction: should I buy or will Ethereum crash? Its 2018 and cryptocurrency is everywhere. Youre hearing about it on the news, at work, in the gym, and now even your Grandmother is asking you what it is. Two years ago, it was nowhere near as popular. It was only in 2017 that cryptocurrency really started to be noticed. In December 2017, the prices of cryptocurrencies got really, really high. The popularity of cryptocurrencies increased a lot. The cryptocurrencies that were talked about the most were Bitcoin and Ethereum. Bitcoin and Ethereum price predictions were in the news every single day. The future of Ethereum and Bitcoin were some of the biggest trends on Twitter, and they still are. In this guide, it is the Ethereum price prediction that I am covering. If youre interested in Bitcoin predictions, read our Bitcoin Price Prediction guide . Have a good understanding of how Ethereum predictions work Know what the experts think about the future of Ethereum Know how the Ethereum price has changed in the past Even be able to make your own Ethereum price prediction! Before I get started, you need to know a little about Ethereum. If you think you already know enough about Ethereum, you can skip this part if you want. (Scroll down to How an Ethereum Price Prediction Works). The second biggest cryptocurrency in the world It was the first cryptocurrency to use smart contracts It was founded in 2014 by Vitalik Buterin Put simply, Ethereum is a platform that lets you build apps on the blockchain (like the blockchain that Bitcoin uses). Think of Ethereum as an operating system, like Windows or Mac OS! The smart contracts that it uses are similar to invoices. There is one big difference, though. An invoice is paid manually, so the person waiting to be paid must Continue reading >>
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 >>
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 >>
How Ethereums Co-founder Is Playing The Crypto Crash
How Ethereums Co-Founder Is Playing The Crypto Crash Its no secret that crypto incubators and hedge funds get access to the best deals because of their inside connections But, now, for a short time, there is a way for regular investors to ride on the coattails of one of the most connected teams in cryptoRight in your brokerage account. In short: The team behind Global Blockchain Technologies ( CSE: BLOC ; OTC: BLKCF ) is the best way to play the crypto boom. The company is the worlds first blockchain hedge fund, an incubator for new crypto up-and-comers. Most importantly, its overseen by the co-founder of Ethereum, Steven Nerayoff. Hes as connected as they come and helped Ethereum go from zero to over $100 BILLION. Not only does the Global Blockchain team invest in the best, brightest and most profitable crypto projects. It also incubates new and upcoming crypto and blockchain firms. And the best part is: you dont need to know a thing about blockchain, or crypto-currencies, to get in on the action. All you do is add BLOC to your portfolio and let their team of the most connected blockchain experts do the work for you. Blockchain technology is set to revolutionize every major industry . Its time for smart investors to pay attention and Global Blockchain ( CSE: BLOC ; OTC: BLKCF ) is the perfect place to start. #1 How Does Global Blockchain Get the Blockchain Projects? Blockchain technology is used in the crypto-currency world. It allows cryptos to bypass traditional middle-men (banks, financial firms, hedge funds) and sets up secure, linked interactive collaborative networks for the quick and easy flow of information and money. Bitcoin may be a bubble, but blockchain is going to disrupt everything. In financial services alone its being applied in brokerages, exchanges, Continue reading >>
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 >>
Is Eos A Factor In The Ethereum Price Crash?
Is EOS a Factor in the Ethereum Price Crash? Share on Facebook Share on Twitter Share on Telegram Share on LinkedIn Ethereum , the worlds second largest cryptocurrency, endured a significant downtrend in the past week falling nearly 25% in price. With the EOS mainnet launch only days away, questionable sell-offs of ETH suggest the competing smart contract platform may be the price crash culprit. Ethereum went from $570.85 to $508.14 USD in the past 24 hours in a bearish downturn. Ethereum is currently trading at $523.58 USD. Unusually high volumes of Ethereum trading on the Bitfinex cryptocurrency exchange indicates that the Ethereum price crash could be the result of one entity. The second largest cryptocurrency exchange by trading volume, Bitfinex leads the total 24-hour trading volume of Ethereum at $250 million USD. This is nearly double the amount traded on OKEx the next highest exchange by volume, at $110 million USD. Data gathered from CoinMarketCap on 5/28/18. Trustnodes reporteda staggering 180,000 ETH was sold within one hour on Bitfinex around 10 p.m. PST on Sunday, May 27th, while other leading exchanges, such as GDAX and OKEx remained stable trading an average of 20,000 ETH per hour. In the past four days, EOS spent nearly $1.4 million USD in ETH, $400,000 of which was exchanged within the last 24 hours. From early April 2018 to May 2018, Trustnodes reported that almost $950 million USD or 1,268,066 ETH, was spent by EOS under its parent company block.one a total transaction amount surpassing any other ERC-20 token at the time. According to Etherscan, EOS still holds 237,000 ETH in its EOSCrowdsale wallet address with an additional 916,000 ETH held under the wallet address EOS-Owner . In total,EOS currently holds an aggregate amount of 1.1 million ETH. Mos Continue reading >>
Bitcoin Prices Crash Below $7,200 As Ethereum Drops Into The Red | Fortune
Its been a nerve-wracking past few days for cryptocurrency investors. Bitcoin prices fell about 14% to $7,200 on Monday as major banks including Bank of America, J.P. Morgan, Citigroup, Capital One, Discover, and Lloyds say they have or plan to ban customers from using their credit cards to buy cryptocurrencies like Bitcoin. Adding to the slide: China said it would block websites offering cryptocurrency trading services and initial coin offerings using the Great Fire Wall . That comes after China banned cryptocurrency exchanges in 2017 . In the past week, Bitcoin investors have shed roughly $67 billion in value. The total value of Bitcoin in circulation is now around $125.8 billion as some investors worry about the digital coins long-term viability without the tacit support of major financial institutions. Its an even darker day for investors who may have bought into the asset at its peak of over $19,500 in December. Since then, the value of their stake has fallen 63%. Fellow cryptocurrency Ethereum, meanwhile, is also now in the red for the year. Once considered the only cryptocurrency of threeBitcoin, Ethereum, and Ripple as ranked by market capto have made gains in 2018, Ethereum shed some 15% in the past day and now rests at $748. Ethereum is down roughly 1% year-to-date. Ripple is down 67% in the same period to 73 cents, while Bitcoin is down 48%. Investors also have continuing concerns about whether Bitcoin prices may be inflated due to a fellow cryptocurrency known as Tether. Continue reading >>
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 >>
Bitcoin Will Lose Its Crown Amid 90% Crash In Cryptos, Investment Bank Warns
Bitcoin will lose its crown amid 90% crash in cryptos, investment bank warns Investors should be prepared to see red, warns one investment bank. That crypto selloff earlier this year will seem like a minor tremor compared to the shaker headed this way, according a new report released Wednesday. Investment bank GP Bullhound predicts a heavy correction will obliterate cryptos by some 90% within a year, leaving few survivors. Clearly, theres some fat to be trimmed, considering theres more than 1,000 coins on the market. Read: Have bitcoin investors become irrationally bullish again? While this correction will be critical to cutting through the hype, its lack of impact on financial institutions will create new phenomena that we have never seen in any previous bubble burst, wrote Sebastian Markowsky, the lead author of the report. Nonetheless, once this crypto winter passes, the growth dynamics for the precious few survivors will be unprecedented. And therein lies the good news for the Ethereum faithful, according to this section of the 45-page report: People will become more cautious towards second generation protocols. Aspirational upstarts such as Dfinity, RChain, Cardano and Tezos will have to do much more than simply technically outperform to win market share. They will, however, keep the pressure on Ethereum to implement long overdue changes. Ethereum will keep its position as the clear leader and become the most valuable cryptocurrency by market cap. Ethereum has a long way to go if it wants to catch bitcoin. At last check, bitcoin BTCUSD, +3.26% was trading at $9,233.25, which puts it at $157.1 billion in market cap. Ethereum ETHUSD, +3.49% is in second place a $71.8 billion. Bullhound, however, isnt the only one bullish on Ethereum. DeVere Group founder and CEO Nig Continue reading >>
Why Is Ethereum, Bitcoin Crashing? Cryptocurrency Reacts To Rules
Why Is Ethereum, Bitcoin Crashing? Cryptocurrency Reacts to Rules Whether it's a long-term dip is another question. Cryptocurrency had a bad day on Friday, with over $100 billion in total market value shed over the space of 24 hours. The industry faces regulations from India, South Korea and others, while controversies surrounding exchanges have caused fear among investors. However, watchers following the market are less concerned that this points to a long-term drop. Losses were reported across the board . Bitcoin cemented its position below the $10,000 mark, dropping nearly seven percent over the space of 24 hours to reach $8,703. Ethereum dropped 15 percent to reach $927.78 per token. The worst performer of the day, Ardor, dropped almost 25 percent in value to reach a total market cap of $470.7 million. Out of the 100 largest cryptocurrencies, 92 reported losses over the 24-hour period. But while the short-term figures seem bad, watchers are less concerned as they see long-term value in cryptocurrency. Weve been here a thousand times before, its gone up, its gone down, its not new, Chris Wilmer, professor at the University of Pittsburgh and co-author of Bitcoin for the Befuddled, tells Inverse. Wilmer pointed to a 2011 article in Wired entitled The Rise and Fall of Bitcoin where the price dropped from $29.57 to less than $5. Bitcoin would go on to reach highs of $19,535 in December 2017. The revolution will not be televised. It'll be sent to your inbox by us. In the cryptocurrency subreddit, users shared tips about the ongoing dip. A user called ninemiletree , whose comment reached the top of the daily discussion, quelled fears about a permanent drop: Cryptocurrencies are here to stay. They will only get bigger, more ubiquitous, and more well adopted. As they grow, Continue reading >>
Cryptocurrency Crash: Bitcoin, Ripple, Ethereum Bubble Pops | Money
The cryptocurrency market, long described as a bubble thats bound to pop , is crashing hard this week. Several cryptocurrencies decreased by more than 25% over the past 24 hours, and $100 billion in value simply disappeared in a single day. Bitcoin, the leading cryptocurrency, is down more than 60% off its all-time high hit less than two months ago. The value of each unit of Bitcoin dropped as low as $7,700 on Friday, compared to $10,000 on Wednesday and around $20,000 at its peak in December. Other cryptocurrencies are plummeting in value as well, with Ethereum , Litecoin , and Ripple decreasing at least 25% over the past 24 hours. Ethereum dipped from $1,100 to as low as $830, while Litecoin fell from $150 to $115, and Ripple plunged from over $1 to $0.72. Lesser-known cryptos, like Stellar and Cardano, are down more than 35% in the past 24 hours, according to the digital currency-tracking site CoinDesk . Overall, the total market capitalization of all cryptocurrencies taken together has dropped more than $100 billion, the site reported. Ripple was a particularly hot cryptocurrency investment at the end of 2017 and start of 2018, skyrocketing from $0.25 to over $3 in less than a month. It is now down more than 75% off its peak, including a 35% drop just within the past 24 hours. In other words, if you invested $1,000 in Ripple yesterday, it could be worth as little as $650 today. Youd be in even worse shape if you purchased Rippleor Bitcoin, Ethereum, or any other cryptowhen the market was peaking. A $1,000 investment in Bitcoin in mid-December would be worth less than $400 right about now. Whats happening? Its difficult to explainother than saying that the drastic decrease in cryptocurrencies makes about as much sense as their insane rise in 2017. In other words: No Continue reading >>
Ethereum Crash Is Sign Crypto-mania Is Over
Ethereum Crash Is Sign Crypto-Mania Is Over Building a brand-new cryptocurrency isnt as difficult as youd imagine. There are do-it-yourself guides available online. A simple Google search will return articles titled: How to Create Your Own Ethereum Token in an Hour, only to be one-upped by YouTube videos titled: How to Create Your Own Cryptocurrency in 15 Minutes. In 2017, the recipe for crypto success (or at least raising money) went like this: Publish a white paper and a road map that outlines your big idea, develop a token on a platform like Ethereum and then market this token directly to the public via social media. Raising startup capital no longer required painful meetings with venture capitalists and high-net-worth investors. No more wining and dining with Wall Street investment bankers to pitch to their investors. Better yet, no more Securities and Exchange Commission (SEC) regulations. With enough money to buy ads, anyone can build a large social media following. And with easy-to-launch crypto tokens, it became possible to turn this buzz into money via an initial coin offering, or ICO. It didnt matter if your crypto idea was terrible or your programming team lacked experience in blockchain development. If you had a catchy name and marketable logo, there was ample capital flooding the crypto markets looking for the next big decentralized idea. With a low barrier to entry and nonexistent regulations, entrepreneurs, speculators and (unfortunately) con artists jumped on the opportunity to create blockchain-based tokens, and sell them directly to the public. According to CoinDesk, crypto ICOs raised more than $4 billion in 2017, which was 100 times more than the total raised before the start of the year. In that same time period, CoinMarketCap estimates that the nu Continue reading >>
Cryptocurrency Price Crash Will Burst Bitcoin, Ethereum, Ripple Bubble | Metro News
There may be trouble ahead for crypto investors (Picture: Getty/Metro.co.uk) People who invested in Bitcoin and other cryptocurrencies could soon lose all their money. Thats the warning from the European Union , which said the surging value of virtual currencies is a bubble which could burst at any time. Bitcoin, the most famous cryptocurrency, soared by more than 1,000% in 2017 but has already lost about half of its value this year as governments around the world threaten a clampdown on the unregulated market. Its dramatic price collapse has been described as a cryptopocalypse and a bloodbath . Yesterday, the European Unions banking, securities and insurance watchdog said the information given to people who buy digital dosh is in most cases incomplete, difficult to understand, does not properly disclose the risks and may therefore be misleading. Virtual currencies such as Bitcoin, are subject to extreme price volatility and have shown clear signs of a pricing bubble and consumers buying VCs should be aware that there is a high risk that they will lose a large amount, or even all, of the money invested, the warning continued. The price of Bitcoin has been on a rollercoaster ride over the past three months (Chart: Coindesk) A probe was requested by European Commission Vice-President Valdis Dombrovskis, who said last month that the bloc must prevent cryptocurrencies from becoming a token for unlawful behaviour. There will be a meeting of key authorities and the private sector very shortly to assess the longer-term situation for cryptocurrencies beyond current market swings, he said. Last week Germany and France asked the Group of 20 Economies (G20) to discuss possible regulation for cryptocurrencies at its next meeting. Markus Ferber, vice chair of the European Parliamen Continue reading >>
Will Ethereum (eth) Crash In 2018?
Never mind that now. Go invest in Ethereum. ETH is going to skyrocket by 8,800%, you fool! You could be rich! You do look like meand I wouldnt lie to myselfso, lets say I believe youre me from the future. Will Ethereum crash in 2017? Yes, technically, Ethereum prices did crash in 2017. And it is likely Ethereum prices will crash in 2018. But that doesnt mean you wont make a net profit on your investment. In other words, the truth is more complicated than it first seems. Dont believe the charlatans that try to sell you false certainty. No analyst can read the future with any degree of certainty. We are not prophets, after all. As I said above, no one can read the future. However, I wouldnt be shocked to see an Ethereum crash coming at the start of 2018. You see, ETH prices more than doubled in the last three months, which could be a sign that markets are overheating. In such cases, investors simply run out of optimism and start extracting gains. Then the house of cards comes tumbling down This type of ETH price crash would mirror the one that took place in June and July. However, I must reiterate that its impossible for anyone to forecast this crash to a close approximation because it depends entirely on investor sentiment. What if the Chicago Mercantile Exchange (CME) or Chicago Board Options Exchange (CBOE) adds an Ethereum futures contract? That would give the present rally a second life, extending it well into the first quarter of 2018. And what if the futures contract is followed by an exchange-traded fund (ETF) dedicated to cryptos? That would postpone the ETH price crash yet again. There is simply no accounting for randomness, dear reader, which is why we advocate buy and hold strategies. If your time horizon is months and years, the day-to-day price movements sh Continue reading >>