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Will Ethereum Go Back Up

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

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

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

Where Will Bitcoin, Ethereum, Ripple And Other Cryptocurrencies Be Twenty Years From Now?

Where Will Bitcoin, Ethereum, Ripple And Other Cryptocurrencies Be Twenty Years From Now?

Where Will Bitcoin, Ethereum, Ripple And Other Cryptocurrencies Be Twenty Years From Now? (Photo Illustration by Chesnot/Getty Images) Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies have been on a roller coaster lately. Sharp upturns have been followed by sharp downturns, with each upturn and downturn lasting only a few weeks or a few days. Thus far, the cryptocurrency roller coaster has helped speculators who have been on the right side of the market to amass fortunes. The trouble is that no speculator is smart enough or lucky enough to time the market. At least thats what mainstream financial economics claims. Seven-Day Price Change For Major Cryptocurrencies Source: Coinmarketcap.com 2/2/18 at 7:30 p.m. Sooner or later, speculators who play this game will find themselves on the wrong side of the market, losing the fortunes they amassed early on and then some. Thats why cryptocurrency investors should look beyond the current roller coaster, and ask where cryptocurrencies will be20 years from now. [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. Disclosure: I don't own any Bitcoin.] Unfortunately, almost anything connected with the future of Bitcoin is speculative right now, says Jason Labrum, founder and president of Labrum Wealth Management. When you look at the sophistication level of the average person buying Bitcoin, its scary. They just see an asset that at times has gone up a whole lot in value, so you get a herd mentality of people wanting to jump on the bandwagon. Labrum isnt clear how things will look in20 years from now. It will be interesting in 20 years to look back on the conversations we are having today abo 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 >>

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 >>

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 >>

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 >>

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 >>

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 >>

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 >>

Bitcoin Price 'to Double' In 2018 So What About Ethereum And Ripple? | Metro News

Bitcoin Price 'to Double' In 2018 So What About Ethereum And Ripple? | Metro News

Price of Bitcoin will easily double in 2018 but what about Ethereum andRipple? Share this article with Facebook Share this article with Twitter Share this article with Google Plus Share this article through email Share this article with Whatsapp Share this article through This chart shows the astronomical rise of Bitcoin over the past year (Chart: Coinbase) Bitcoin shot up in price by more than 1800 percent last year, rocketing from about $1,000 per coin to more than $19,000. But now one expert has said the price could easily double or even triple again in 2018. Policeman poisoned in Salisbury spy attack says life 'will never be the same' Tom Lee, co-founder and head of research at Fundstrat Global Advisors, has a history of accurately predicting Bitcoins behaviour. In August 2017, he said the cryptocurrency would soar above $10,000. In December, it hit a whopping $19,000 per coin before taking a nosedive and losing about 25 percent of its value. Lee said Bitcoin would rocket above $20,000 this year and stay there. This graphic shows the logos of the four major cryptocurrencies: Bitcoin, Litecoin, Ethereum and Ripple If it breaks the $20k barrier, the cryptocurrency could even see a move bigger than that. He told CNBC :As millennials discover and generate income, theyre going to use it as a replacement for gold. I think Bitcoin is still something you should own. Ripple is currently dropping like a stone, plummeting from $2.52 to $1.81 in the past week. Ethereum, on the other hand, has been on the rise. The price of Ripple has taken a clobbering in the last week (Chart: Coindesk) Samuel Miranda, a cryptocurrency expert from Coinlist.me , told us that at least one of these alt-coins would keep on rising. He said: Ripple has dipped because Coin Market Cap, the main websit 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 >>

Ethereum Really Starting To Separate Itself From Bitcoin In A Big Way : Cryptocurrency

Ethereum Really Starting To Separate Itself From Bitcoin In A Big Way : Cryptocurrency

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Bitcoin, Ether Drop As Cryptocurrency Rules Go Live In South Korea

Bitcoin, Ether Drop As Cryptocurrency Rules Go Live In South Korea

Bitcoin, Ether drop as cryptocurrency rules go live in South Korea Popular cryptocurrency bitcoin traded modestly lower Tuesday in subdued trading on the day that more stringent rules in mega-market South Korea go into effect. Spot bitcoin prices BTCUSD, -2.79% slid 1.6% to $10,983.46, and ether coins on the Ethereum blockchain fell 0.7% to $1,174.54, according to prices on research and data site CoinDesk. Bitcoin and the price of other cyberunits have been struggling to resume the surge that took them to all-time highs last year as the industry faces the threat of heightened global regulation. In a document published on Jan. 23 , South Koreas Financial Services Commission said it would only allow trade in cryptocurrencies from established-name bank accounts beginning Jan. 30. Those rules enabled banks to comply with their KYC AML (know your customer, anti-money laundering) obligations, the document said. Opinion: Blame bitcoins crash on these sharp new players South Korea is one of the worlds most important regions for trading in digital currencies, accounting for some 20% of trading activity, according to Randy Frederick, vice president of trading & derivatives at the Schwab Center for Financial Research. A representative of South Korean cryptocurrency exchange Bithumb said operations under the new rules had gone smoothly on Tuesday, CNBC re ported . Nothing has changed in terms of coin transaction, he added, according to the report. Read: This is the pattern for suppressing bitcoin, says a Chinese crypto exchanges CEO Regulation and risk were in the spotlight Monday after Japanese authorities ordered Tokyo-based exchange Coincheck to beef up security and come up with measures to prevent future incidents after it reported 523 million units of virtual-currency tokens 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 >>

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