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Will Ethereum Go Back Up

Why Is Bitcoins Price Down To Two-month Lows?

Why Is Bitcoins Price Down To Two-month Lows?

Crypto investors are seeing red this week. Bitcoin plunged to two-month lows on Thursday, dipping below $9,000 for the first time since November. At the time of writing, Bitcoin had bounced back up to the $9,200 level, down from weekly highs just above $12,000. This week has seen coins across the board in the red a sign that investors are jumping ship to fiat currencies this time instead of swapping into altcoins as weve seen in the recent past. At the time of writing, the total cryptocurrency market cap weighed in at$459 billion, down from January highs around $830 billion. Its acontraction to be sure, but not a low for the last 30 days (that low came on January 18 ). Is this the bitter end for Bitcoin? For cryptos? Well, no, probably not. Get your head screwed on right and youll see that (for better or worse) many coins have seen unprecedented growth in the last six months to a year, even with Bitcoins price halved from holiday highs closer to $20,000. On this day last year, Bitcoin was sitting pretty at $982. At the height of Decembers craze, most reasonable crypto-watchers could agree that the price was overheated and there was only one way for it to go in the short term. Still, in the thick of the current correction, Bitcoins longer-term growth is anyones guess. Cryptocurrency die-hards expecting the price to bounce back, even partially, will see these tanking numbers as the perfect entry point for getting in low and maximizing gains. Late speculators who got in during the mass crypto hysteria of the holiday season arent likely to have such steady hands, a factor thats likely contributing to the slide. So whats causing the slide to begin with? As usual, no one thing can be blamed for Bitcoins current downturn, but recent skittishness around a subpoena for Bitfinex Continue reading >>

I Just Lost $3,000 Investing In Ripple (and Tron), And It's A Dangerous Feeling

I Just Lost $3,000 Investing In Ripple (and Tron), And It's A Dangerous Feeling

I Just Lost $3,000 Investing In Ripple (And Tron), And It's A Dangerous Feeling I write about video games and technology. Opinions expressed by Forbes Contributors are their own. It turns out I didn't have $3,000 after all. There was a moment, the other week when it felt like I did, and I wrote about it here . I had made the plunge into cryptocurrency after much hemming, a deal of hawing and a couple of agonizing days watching the price fluctuate as Coinbase chugged my USD into ETH. My first bet on Ripple (XRP) paid off handsomely, though not so handsomely as it would have had I been able to buy it when I wanted to. A subsequent bet on Tron (TRX), worked out even better, and for a moment it even seemed like I had been able to staunch the bleed off of a Ripple peak by moving those coins into Tron -- a successful trade from the successful investor, clearly. You can see where this is going. [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.] Prices collapsed, both across the board but moreso for my coins in particular. The Coinbase coins -- Bitcoin, Ethereum, BitcoinCash and Litecoin -- haven't been hit as hard as the smaller coins, and Ethereum, in particular, is still up overall. But the altcoins are getting hammered, and where there once was money now there is not. Perhaps there never was. The reasons are various: South Korea is considering getting aggressive about regulating cryptocurrencies, and the entire market is suffering as a result. South Korean traders, for a time, seemed to be responsible for the atmospheric rise in Ripple, after all. And then there are the cracks: Ripple is a promising idea for transferring funds, but the reality o Continue reading >>

Bitcoin Today: All Crypto Coins Are On The Rebound

Bitcoin Today: All Crypto Coins Are On The Rebound

Crypto traders were in a selling mood on Wednesday and Thursday, with Bitcoin dipping below $10,000 for the fourth time this year. Bitcoin quickly recovered lost ground, and all digital currencies are making a comeback, but were far from the highs registered earlier this week. The entire crypto market is worth $450 billion early Friday, $60 billion lower than just a few days ago. So whats happening in the world of cryptos? A report from Koreas Yonhap news agency revealed earlier this week that an association of South Korean cryptocurrency exchanges will evaluate its members to see if they follow a set of previously announced self-regulatory measures. The Korean Blockchain Industry Association is the body in question, which said that 21 of its 33 members will undergo evaluations, including major players in the business. In France, the local marker regulator, Autorit des marchs financiers (AMF), said in a statement that cryptocurrency derivatives must be regulated, and that they cant be advertised online. Venezuela, which just launched its petrol-backed Petro cryptocurrency, wants a second coin to be backed up by precious metals. Per Telesur Petro Gold is going to be the name of the new coin. Iran and Turkey are two other countries that are considering national crypto currencies of their own, NewsBTC reports , even though both of them opposed Bitcoin and other digital coins in the past. California, meanwhile, might become the largest US state to recognize blockchain records, including digital signature and contracts, NewsBTC says. Thats assuming bill 2568, introduced by 27-year-old Assemblymember Ian Calderon. Finally, a new report reveals that using cryptos for illegal stuff will not go unpunished. A 38-year-old British man accused of laundering 11.5 million Euros in Bi Continue reading >>

Tom Lee Says Btc Will Hit $25,000 In 2018, Advises Aggressive Buying At Market Low

Tom Lee Says Btc Will Hit $25,000 In 2018, Advises Aggressive Buying At Market Low

Tom Lee Says BTC Will Hit $25,000 in 2018, Advises Aggressive Buying At Market Low Wall Street strategist and Fundstat co-founder Tom Lee raises his prediction of BTC hitting $25,000 by 2022 forward to this year, advises aggressive buying on lows. Co-founder and Fundstat strategist Tom Lee predicted that Bitcoin (BTC) will hit $25,000 by the end of this year in an interview with CNBC today, Jan. 18. Lee had previously forecasted that BTC would only reach this mark by 2022. The Wall Street strategist told CNBC today that now by 2022 he sees BTC hitting the $125,000 mark. Lees predictioncomes after a very volatile week in the crypto market, with BTC hitting below $10,000 , dipping even lower than it did during the market crash Dec. 22 . Just days before the December crash, Bitcoin had hit an all-time high over $20,000 . Lee predicts that $9,000, or just below the lows seen this week, will be the price floor for BTC this year. He sees another market dip as an opportunity for investors: "We expect bitcoin's major low to be $9,000, and we would be aggressive buyers around that level [...] We view this $9,000 as the biggest buying opportunity in 2018." Lee also offered predictions for several altcoins, forecasting that Ethereum and Ethereum Classic would see about 90 percent growth by the end of the year, and NEO 50 percent. Today, the crypto market began its bounce back , with BTC up almost 15 percent and the top 20 altcoins up as much as 70 percent in the 24 hours to press time. Continue reading >>

Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple And Litecoin

Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple And Litecoin

Home Cryptocurrency Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple and Litecoin Will Cryptocurrencies Recover? Bitcoin, Ethereum, Ripple and Litecoin Mukta Samtani, MBA, PhD Profit Confidential 2018-01-18T08:27:16Z 2018-01-18 08:27:16 will bitcoin go back up will ethereum go back up will ripple go back up will litecoin go back up bitcoin price ethereum price ripple price litecoin price cryptocurrencies The cryptocurrencies have started to recover and Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are trading in the green. Cryptocurrency [caption id="attachment_111151" align="alignleft" width="300"] flickr.com/Namecoin[/caption]The crypto carnage has come to a halt for the time being, and everyone is busy assessing the damage done. The top digital currenciesBitcoin, Ethereum, Ripple,and Litecoinare showing an uptick after suffering severe damage over the last few days. Although it has brought some relief to see green on the screen, the question now is: Will cryptocurrencies recover to their previous highs? Will Bitcoin go back up together with the other top digital coins?To answer these questions, let us first recap the main events that led to this bloodbath.Last week, it was reported that South Korea planned to ban its domestic crypto exchanges in the wake of rising investor interest from all quarters. The government was concerned about the rising speculation in the cryptocurrency market and wanted to enforce stricter regulations. As we had written earlier, the entities flouting know-your-customer (KYC) and anti-money laundering (AML) rules were the targets of this campaign. However, there was no clear message conveyed and the resulting uncertainty led to the fall in the cryptomarket. And earlier this week, Reuters reported about a senior Chi Continue reading >>

Top 3 Ethereum Project Price Predictions For 2018

Top 3 Ethereum Project Price Predictions For 2018

You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>

How The Cryptocurrency Market Will Recover

How The Cryptocurrency Market Will Recover

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. In the past month or so, bears have ruled the cryptocurrency market. You may not think that's a very long time, but given how fast the cryptocoin market moves, this is not some temporary flash crash. It's a hefty correction that threatens to turn into a bear market, akin to Bitcoin's slump in Jan. 2014, when price went down for about a year before they started rising again. SEE ALSO: Say hello to Buttcoin and the community celebrating Bitcoin's fall At roughly 137 billion dollars, Bitcoin is still the largest cryptocurrency by market cap, and it's still leading the market; when Bitcoin experiences a big drop, other coins follow. But why is the price of Bitcoin going down? Well, the factors are numerous, and they start with tremendous growth Bitcoin has experienced in the last year or so. Even at current price of $8,400, it's still up roughly 850 percent year-over-year. If you're an early investor, there's still a lot of room there for profit taking. Typically, an asset's price won't drop far below the market's assessment of a fair price or at least it won't stay there too long. Apple stock might fall on news about bad iPhone sales, but if the company's revenue is up exactly what happened last week you won't see a huge selloff. The total market cap of all cryptocurrencies has dwindled significantly since its peak in early January. But if you're trying to determine a fair price for Bitcoin, you'll likely hit a wall. Bitcoin's fundamentals are notoriously hard to define . Large developmental changes are either absent or far off at this point. Retailers are shunning Bitcoin as of late, and most people that bu Continue reading >>

Ethereum Price Analysis: A Return To $650?

Ethereum Price Analysis: A Return To $650?

Ethereum Price Analysis: A Return to $650? Reading Time: 4 minutesby CryptoMedication onFebruary 4, 2018 Ethereum , News , Price Analysis Given the recent bear market that were in, its best to start off this analysis with an overview of the ETH/BTC chart to get an idea of how resilient its been to BTCs downward movements. Looking at Ethereums ether on the 8-hour chart, you can tell by the smaller red candles that volatility has minimized. As you can see from the overall chart, Ethereums ether has appreciated significantly in relation to bitcoin . From the chart, it looks like we can anticipate several more periods of sideways movement. This means that the price of ether relative to that of bitcoin should be expected to remain stable over the next few days. Thus, if bitcoin rises in its USD price, so will ETH. If it drops, so will ETH. However, ETHs drops may be somewhat more significant percentage-wise than BTC. Its important to note that red candles on this chart do not necessarily mean that ETHs USD value is decreasing. Heres the USD chart for ETH to give a better idea of what I mean: Now, lets evaluate the price action for ETH (USD) over the last few days with some of our indicators to get a better idea of how its moving. Were going to have to take some of these technical indicators with a grain of salt right because theres a lot of general instability and panic present in the market at the moment. As you can see from this chart, ETH has continued to trade within the zone thats marked out by the two orange lines that have been drawn on this chart. As a general rule of thumb, such channels are usually prequels to a continuation in the trend (uptrend). However, if ETH fails to break past the higher orange line ($1379), then it may be setting up to form a pennant. If i Continue reading >>

Bitcoin, Ethereum, Other Cryptocurrency: Five Positive Factors For 2018

Bitcoin, Ethereum, Other Cryptocurrency: Five Positive Factors For 2018

Bitcoin (BTC) is the most important cryptocurrency. Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market. The token's market dominance stood at about 40 percent as of Wednesday. By my estimates, however, it's clear bitcoin's market dominance should return to 75 percent of the entire space. I actually see a 150 percent potential upside in bitcoin for 2018. Why? Well, BTC is still dominant. It has the biggest user base and the biggest industry. Still, it faces a challenge in scaling up for wider use. Bitcoin now can't handle more than six or seven (or, with the "Segregated Witness" protocol upgrade, it's 12 to 14) transactions a second. Compare that with credit cards, which involve thousands of transactions per second, so the criticism about bitcoin's ability to be useful at larger scales is understandable. The scalability challenge results in high fees as well. What is the solution? It is the so-called second-layer peer-to-peer off-chain networks. To cite an example, look at the Lightning Network . Created by Blockstream, the Lightning Network allows for transactions off the blockchain, thereby decreasing the transaction costs almost to zero and increasing the speed and scalability almost infinitely. And it's just getting started. As you can see from this map , more and more nodes as well as channels are being established. It is growing exponentially. In the coming months, we will see a sharp uptick in transactions and the use of more bitcoin in these channels. What's more, the Lightning Network doesn't have any fee. In other words, second-layer networks solve the problems bitcoin faces scalability and lack of liquidity. That could be a key reason why bitcoin surges thi Continue reading >>

Ethereum Price News: Will Cryptocurrency Ever Reach Wild Highs Of $100,000 Per Coin? | City & Business | Finance | Express.co.uk

Ethereum Price News: Will Cryptocurrency Ever Reach Wild Highs Of $100,000 Per Coin? | City & Business | Finance | Express.co.uk

Ripple price news: Why is ripple going down? Why is crypto falling? In that case, the market capitalisation would have the potential of reaching $100trillion (71trillion), leading us to believe the price of Ethereum might rise as high as $1,000,000 (716,870) per coin. However, the expert warned that price predictions should not be taken as gospel given the sporadic and often unpredictable nature of market prices. He went on: Given the sporadic and often unpredictable nature of cryptocurrency, many new traders turn to social media for answers. And its no wonder why: With the meteoric rise of cryptocurrency in the last two years, new investors are wondering if they can make massive returns and buy a castle in the San Francisco Bay Area. Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year LiteCoin is going down with the market dip People tend to take price predictions as gospel and make poor decisions based on even the most tempered recommendations. A big topic of cryptocurrency speculation at present is the future of Ethereum (ETH). Will Ethereum ever reach $10,000 (7,168.70)? My answer is simple: I dont know, and Im not going to tell you that it will. But what I will tell you is how to figure this out for yourself by understanding market capitalisation. Mr Schuster explained that market capitalisation refers to the total value of a cryptocurrency and not just to the single price of one coin. He went on to describe that the current supply of Ethereum is estimated at 97million tokens. The expert declared: Market capitalisation goes a step beyond price to give more context to the total value of a cryptocurrency. Youve likely heard that Ethereum is worth many billions of dollars depending on the day. "The way to Continue reading >>

Ethereum Price Drop Today: Is Ethereum Dead? Will The Crypto Go Back Up?

Ethereum Price Drop Today: Is Ethereum Dead? Will The Crypto Go Back Up?

Ether is under bearish pressure as it declined below $685.00 and further to $675.00 supports against the US dollar. FX Empire analyst Yaron Mazor was less optimistic about the bearish crypto performance, warning the market has been unstable since He said: Ethereum is within a dangerous range for speculators. The current price of Ether is near 690 US Dollars per coin. Extremely important support for Ethereum lurks around $624. And should that support juncture fail to hold, speculators could be concerned Ether may aim for its late November and early December ratios between 500 and 400 US Dollars per coin. Ethereum has been under a wave of pressure the past week without any sustained buying yet to emerge short term. Coin Telegraph also warned Ethereum could continue to plunge if this bearish trend continues. Ethereum price drop: The price is down on March 15 Ethereum price drop: all major cryptocurrencies are in the red today Ramesh Upadhyay wrote: In the past four days, Ethereum failed to break out of the tight range of $745 to $654. Today, March 14, the bears are attempting to break down of the range. If successful, the ETH/USD pair can decline to the next support level of $565.54. Below this, the next support lies at $500. The downtrend is intact as the price continues to trade below both moving averages and inside the descending channel. Unless the bulls engineer a quick turnaround, the cryptocurrency will continue plunging. Continue reading >>

The Crypto Market Is Down Over 50% From 2018 Highs

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 >>

This Week In Cryptocurrencymarch 2nd, 2018

This Week In Cryptocurrencymarch 2nd, 2018

This Week in CryptocurrencyMarch 2nd, 2018 This Week in CryptocurrencyMarch 2nd, 2018 Like a phoenix rising from its ashes, the cryptocurrency market is in the midst of a resurrection, but is there enough wind under its wings to make it take flight? Over the week, we had a bit of a scare as Bitcoin failed to break the $12k resistance and dropped back down to $9.4k. Its back up now, however, but not all the way back. As we approach $11.5k and possibly $12k once again, keep an eye on buying power; if theres enough volume to push us over the previous resistance, we could be set to soar. Overall, the market is showing signs of life but it hasnt been completely reborn yet. With an overall market cap of $455bln, its up a whopping 0.04% from last week. Bitcoin:Big bird has gotten greedy with his share of the market again. Although its nowhere near the +80% we had at this time last year, Bitcoins market dominance is back to around 40%, the highest its been all year. The beginning-of-the-week dip set back Bitcoins price action a bit, but its still up 6%over the week with an asking price of $10,900. Ethereum:As Bitcoins market dominance goes up, Ethereum is struggling to keep up in market share and price action. Cryptos #2 currently wears a price tag of $855, an unfortunate 3%decline from its entry point into Friday of last week. Ripple:Coming in at third (both for its rank in market cap and for its price movements this week) Ripple lost 11% of its value over the course of the week, currently priced at $0.90. Bill Gates Says Cryptocurrencies Are Directly Killing People: Right now, crypto-currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way, the billionaire said. He adds that cryptocurrency is linked to t Continue reading >>

Ethereum Price Analysis Will It Go Back To $1,000?

Ethereum Price Analysis Will It Go Back To $1,000?

Over the short term, we will probably see ETH ride off its lows for the day with a chance to go back to at least $900. Activities throughout the day indicate a support level of $880, and a bullish signal was sent when the five-day and 20-day moving averages crossed. If ETH does move up, itll likely test a resistance of $920, and the next hurdle could be at $960. For it to go back to $1,000, investors will need to look at the price actions and whether these resistance levels hold. But if the first resistance level does not come off, then there exists a genuine possibility that the $880 support level could break down, and further declines are entirely possible. Using the MACD indicator, a bearish signal was relayed when the MACD line crossed over the signal line. Also, volume hasnt really picked up as the day went by, which is a concern. In summary, ETH investors should take note of the following: Continue reading >>

Best Live Price Analysis And Prediction For Bitcoin, Ethereum And Ripple: Bearish Day (btc, Eth, Xrp)

Best Live Price Analysis And Prediction For Bitcoin, Ethereum And Ripple: Bearish Day (btc, Eth, Xrp)

Check out Bicoin , Ethereum and Ripple's live price. Yesterday was a day of widespread loses amongst the main cryptos. Important levels were broken downwards, and many assets lost momentum. Bitcoin keeps developing the H&S bottom figure that has governed the price in the last weeks. The pattern is now entering the final phase and should develop a bearish stretch followed by heavy rises. Ethereum has got over the downwards trend that restrained the pair and is now trying to consolidate the new setting. If it succeeds, it would enter a new bullish scenario with Ethereum outdoing Bitcoin. Those who could adopt long or short (through derivates) positions could take profits from this new setting. The MACD confirms Ethereum's positive evolution against Bitcoin. The slope and openness of the indicator signal ETH's strength. The Directional Movement Index shows the flow of money for Ethereum and also supports the new scenario. Bitcoin enters the final phase of the technical pattern BTC/USD lost the $10,000 level yesterday, although it is recovering and is at the time of writing at $10,046. Bitcoin is still in the H&S bottom figure, and is drawing second shoulder's final stretch. It should solve in the next week. At the moment, BTC/USD is trading inside a bullish channel, with is itself inside the bearish main channel. As we can see in the chart below, it should go down to $8,490 before going up to the bullish channel's roof at $13,200. The MACD keeps crossed to the down, and moving below 0, so loses are the most probable outcome in the short-term, as expected from the pattern. The Directional Movement Index is favoring sellers, although the number of purchases is still high. The D- is above the ADX, again a signal of bearish potential. Above, the first resistance is at $10,970 Continue reading >>

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