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Tag Archives: Slump

Fake FUD Blamed For Market Slump, One Bitcoin Whale Proves Otherwise

Last week, after a slow grind up to its most recent peak of roughly $7,400, Bitcoin’s price plummeted over 20% in less than 48 hours. All signs had pointed to a slow, steady recovery for the cryptocurrency market, leaving investors shocked as recent gains evaporated before their eyes. This prompted the cryptocurrency community to do what they do best: speculate. ...

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Cryptocurrency Market Slump Sees $642 Billion Dumped So Far in 2018

The cryptocurrency market capitalization on September 12 established a new yearly low near circa $187 billion. The drop amounts to a total of $642 billion that has vanished from the market since its all-time high near $829.96 billion. Almost all the leading coins, including Bitcoin, Ethereum, Litecoin, and Ripple, are in the process of forming new bottoms. Ethereum, in particular, ...

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Cryptocurrency Markets Slump Midweek as Ethereum Hits New 2018 Lows

Cryptocurrency markets are feeling the pressure from an extended downturn on Wednesday, September 12, with Bitcoin (BTC) losing 2.5 percent and Ethereum (ETH) hitting its lowest levels since May 2017. Data from Cointelegraph’s price tracker and Coin360 confirms the lackluster picture across cryptoassets continuing another day, with all of the top twenty coins — with the exception of Dogecoin (DOGE) ...

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Despite Market Slump, Major US Crypto Exchange Bittrex Aggressively Expands Globally

Even in this most recent market rut, Bittrex, a well-established Seattle-based cryptocurrency exchange, is dead set on bolstering its sphere of influence over the cryptocurrency and blockchain industries. Bittrex Eyes Expansion With Affiliate Company On Monday morning, Bittrex unexpectedly took to Twitter to announce that it had launched Bittrex International, an affiliate firm that will be responsible for managing a “global ...

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Reddit Co-Founder Bullish on Bitcoin Despite Current Price Slump

Alexis Ohanian, the co-founder of popular news and forum site, Reddit, is bullish on Bitcoin despite the current price slump. His optimistic views on the future of Bitcoin come as he moves away from Reddit and towards more venture capital initiatives, including investments in cryptocurrencies and cryptocurrency companies. Following the acquisition of Reddit by Conde Nast parent company, Advance Publications, ...

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Bitcoin Circles $6500 as Volatility Drops to 14-Month Low, Altcoins Slump

Bitcoin (BTC) price held steady Monday, August 20, posting small gains to circle $6,500 while altcoins drop further. Data from Cointelegraph’s price tracker and Coin360 depict a sixth day of relatively stable activity for Bitcoin, which has remained range bound between $6,250 and $6,600 since August 14. Market visualization from Coin360 Contrasting with volatile conditions witnessed through the second half ...

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Cryptocurrency Market Slump Won’t Curtail Growth

Ethereum co-founder Joseph Lubin said that he does not see the recent slump in cryptocurrency prices as a constraint to growth in the market. In a recent interview with Bloomberg, Lubin said the collapse in prices is not a new development as it has always been present in the “blockchain ecosystem since 2009 when Bitcoin was invented.” He went further ...

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Crypto Markets See Slight Slump, Ethereum Fails to Hold $300 Support

Saturday, August 18: crypto markets have seen another slump today, with some coins wavering following weekly gains, according to data from Coinmarketcap. Total market cap has dipped as low as $210 billion at press time. Market visualization from Coin360 Bitcoin (BTC) is down 1.79 percent over the past 24 hours, trading at $6,396 at press time. With that, the top ...

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Crypto Markets See More Slump After Short Recovery Attempt, Bitcoin Holds Gains

Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day. Crypto market visualization from Coin360 Bitcoin is trading sideways, up by about 0.1 percent over the past 24 ...

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