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Cryptocurrency markets are experiencing mixed signals, with Bitcoin trading around $3,920. Thursday, March 14 — cryptocurrency markets are trading sideways, with some major coins making minor gains on the day, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is up less than one percent over the past 24 hours, and is trading at $3,921 at press time. The major cryptocurrency has seen small volatility over the day, having dipped to as low as $3,901, while the intraday high reached $3,946 as of press time. Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum (ETH), the second top cryptocurrency by market capitalization, has gained 0.30 percent over the day, trading at $133.68 at press time. The major altcoin saw its highest price point over the week on March 8, reaching $139.37, with a weekly low of $131.65. Ethereum co-founder Vitalik Buterin said yesterday that blockchain applications outside of finance face more difficulty gaining traction, as th..
The investment firm forecasts trouble from cryptocurrencies based on current short-term trends. Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and altcoin prices could dip further. BTC/USD has fallen around 2.2 percent over the past week to trade at $3,370 as of press time Thursday, as many altcoins have seen bigger drops. Sluymer said: “The price structure for most cryptocurrencies remains weak and appears vulnerable to a pending breakdown to lower lows.” Fundstrat is known within the cryptocurrency space for providing some of the more upbeat narratives on the future of Bitcoin in particular. Enthusiasm appeared to wane in recent months, however, with popular senior Fundstrat strategist Tom Lee ..
sponsored A new crypto portal is enabling users to buy 20 different altcoins online using fiat — without the need to convert their cash to Bitcoin or Ethereum first. A new crypto purchasing portal is enabling users to purchase more than 20 cryptocurrencies and altcoins using fiat directly. Netcoins, the Canadian company behind the app, says the recently launched service is operational 24/7 online — helping to deliver real-time transactions without delays. The Netcoins team says its offering stands out from competitors because it simplifies transactions for crypto enthusiasts, and eliminates the need to change fiat currencies into Bitcoin or Ethereum before going on to purchase altcoins. The new Netcoins platform also offers an automated Know Your Customer (KYC) product, giving users the opportunity to complete the registration quickly for approved trading. According to the company, applications can be verified in as little as 24 hours. Saving customers timeIllustrating why its app wi..
According to the research, the creation of competing altcoins is likely to place downward pressure on the prices of all cryptocurrencies. The creation of competing altcoins is likely to place downward pressure on the prices of all cryptocurrencies, including Bitcoin (BTC). This conclusion was found by research conducted by the Federal Reserve Bank of St. Louis and published on Jan. 11. The report cites two perspectives: Bitcoin bulls’ belief that the capped supply and increased demand will increase BTC’s price, and the bears’ belief that its price will fall to zero. The researchers state: “We think the future price path is more likely to remain bounded between these two extremes.” According to the research, the United States dollar price of BTC will also depend on its exchange rate relative to altcoins. The report explains that the bulls expect Bitcoin to appreciate relative to altcoins, or to keep its market capital relative to the global crypto market cap constant. Still, the resear..
Bitcoin rose from the dead almost 100 times last year alone, while 934 altcoins have perished, data suggests. A look at the history of cryptocurrency in 2018 has shown that Bitcoin (BTC) has risen from a “dead” designation in the media 90 times, data from industry news and information portal 99bitcoins shows. According to the site’s fabled Bitcoin Obituaries section, which tracks media claims that Bitcoin has failed, almost 100 such claims surfaced last year as BTC/USD trended down from highs around $20,000 in December 2017 to lows of $3,130 in December 2018. By contrast, a log of altcoins which for various reasons disappeared from the market altogether now contains almost 1,000 entries. The database, Dead Coins, distinguishes assets which failed due to hacks, scams, or which simply became “deceased,” along with “parody” coins which served no sincere purpose, according to their criteria. The website allows anyone to submit a claim for a “dead” coin. Combined, the total number of altco..
An analysis of 2018 price performance and the slowdown of the ICO sector demonstrates the pitfalls of centralization, Jimmy Song says. Perceptions of Bitcoin (BTC) versus altcoins changed forever in 2018, as the largest cryptocurrency separated itself from the rest, Bitcoin developer Jimmy Song wrote in a blog post on Dec. 31. An ardent defender of Bitcoin’s decentralized values, Song, who is also a frequent social media commentator, argued that last year “showed [...] what Bitcoin Maximalists have been saying all along.” “Bitcoin is different because Bitcoin is decentralized,” he summarized, adding: “The advantages of decentralization are often subtle and easy to dismiss, but they are real benefits.” One of many sources to have criticized the initial coin offerings (ICO) market in 2018, Song noted that the huge amounts of money raised by projects contrasted with the small number that launched, while fewer still delivered a product that the market would want or need. The mismatch betw..
Bitcoin is seeing a fresh push higher one year after it passed its highest-ever price of $20,000. Wednesday, Dec. 19 — Cryptocurrency markets continue a fresh rally with Bitcoin (BTC) touching $3,800 and leading altcoins to claw back their latest losses. Market visualization from Coin360 Data from Cointelegraph’s own price index, CoinMarketCap and Coin360 confirms the extended rebound, which began late Monday and continued through Tuesday. After a slight correction, almost all of the top 20 assets by market cap began climbing higher again, with BTC/USD finding support at $3,750. Last week, the pair had dipped as low as $3,130 amid warnings that a much larger fall could be imminent, potentially taking Bitcoin to $1,300 or lower. At press time, the largest cryptocurrency was trading on major exchanges for around $3,830. Bitcoin 7-day price chart. Source: CoinMarketCap In altcoin markets, it was Bitcoin Cash (BCH) which led the resurgence, the asset having previously fallen more precip..
Major coins are seeing slight losses, while the newly-forked Bitcoin SV, the ninth top crypto by market cap, is down almost ten percent on the day. Tuesday, Nov. 24: Bitcoin (BTC) has failed to hold $4,000 support that it challenged yesterday, while most major cryptocurrencies by market cap have seen losses over the past 24 hours, according to CoinMarketCap. 9 of the top 20 cryptocurrencies are seeing mild gains today, with the ZCash (ZEC) and NEM (XEM) prices increasing by more than 10 percent and 8 percent on the day, respectively. Market visualization from Coin360 Bitcoin is trading at $3,766 at press time, up around 0.28 percent over the past 24 hours. After dipping to as low as $3,601 on Nov. 25, the major cryptocurrency briefly broke $4,000 yesterday, but failed to hold the gains. Bitcoin has been trading around the $3,700 threshold over the day, with intraday high briefly spiking to as high as $3,823, and intraday low of $3,643. Bitcoin 7-day price chart. Source: CoinMarketCa..
A while ago, Ripple’s Brad Garlinghouse said that XRP is going to gain its independence from Bitcoin. What exactly did he mean. Well, for as long as the cryptocurrency market has been in existence, the price of Bitcoin has had a significant impact on the prices of altcoins. As Bitcoin rises, so do these altcoins. As Bitcoin falls, they typically follow. Garlinghouse predicted that a time is coming when some strong projects like XRP will gain independence from Bitcoin. When this happens, the price of Bitcoin will no longer affect the price of the said altcoin. Well, things appear to be working in favor of XRP now. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.477414 0.55% The current turmoil the cryptocurrency market is facing can be blamed on the Bitcoin Cash hard fork. As the war between Bitcoin SV and Bitcoin ABC intensifies, the enter cryptocurrency market suffers with BCH taking the lead. While yesterday was marked with a minor recovery, everything seems to be going sidew..
The impact of this week’s market volatility is beginning to fade for major cryptocurrency assets, markets confirm. Cryptocurrency markets are recovering from their recent mini crash today, Nov. 16, with only Bitcoin Cash (BCH) going against a trend which saw assets gain as much as 4.3 percent in 24 hours. Market visualization. Source: Coin360 The fallout from turbulence over BCH’s controversial hard fork, which occurred Thursday, Nov. 15, appeared not to last, with Bitcoin (BTC) recovering a modest 1.35 percent Friday to trade around $5,590 by press time. The largest cryptocurrency had fallen hard in the hours leading up to the hard fork, at one point trading as low as $5,146 according to data from Cointelegraph’s price tracker, Coin360, CoinMarketCap, and Bitcointicker. A full correction, one analyst has warned, could nonetheless take “weeks or months” to solidify. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index By contrast, BCH itself has failed to capitalize ..
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