Friday, July 10, 2020
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Crypto Markets See Sharp Drop, Gold Is on the Rise

Cryptocurrency markets could not maintain their bullish trend from early trading, with most major coins seeing red today. Wednesday, July 10 — Cryptocurrency markets have registered a sharp drop after Bitcoin hit the $13,000 price mark in the beginning of the day, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin (BTC) is currently trading at around $12,092, having lost over 3.6% on the day, although in early trading today the BTC/USD pair reclaimed almost $1,000 in 24 hours. In terms of its weekly performance, Bicoin is up by 4.28%. Bitcoin 7-day price chart. Source: Coin360 The second-largest cryptocurrency by market capitalization Ether (ETH) has come down by 6.34% over the past day and is trading at around $289 at press time. The leading altcoin has lost over 2.5% on its weekly chart. Ethereum 7-day price chart. Source: Coin360 Ripple (XRP) has dropped by 8.45% on the day to trade at $0.361 at the press time. Today marked the altcoin’s intraweek ..

Sharp Bitcoin Rally in 2019 Unlikely: Analyst

The likelihood of Bitcoin hitting $10,000 by September 2019 is around five percent, according to an options market observer. The chance of Bitcoin (BTC) recovering to its former five-digit highs this year is unlikely, a trading expert told MarketWatch on March 29. While 2018 was a bear year throughout, in November a massive sell-off saw the valuation of major coins crash by double-digit percentages, with Bitcoin dropping below $5,600 for the first time that year. Options trading — which allows traders to bet on whether the price of an asset will reach a certain level — has reportedly been gaining traction in the cryptocurrency space. Emmanuel Goh, a former JPMorgan Chase derivatives trader and founder of crypto data firm Skew, told MarketWatch that daily volume in the crypto options market has doubled since the beginning of the year. Goh said, “We have a $10k September expiry, which is currently priced with a 5 delta.” This means that, according to options traders, there is a five per..

Crypto Markets See Mild Volatility on The Day, Fail to Hold...

Crypto markets have seen little volatility on the day, failing to hold a sharp rebound momentum, outlier Bitcoin Gold is up 10 percent. Saturday, Nov. 23: crypto markets have seen some volatility on the day, but failed to hold a sharp rebound attempt. The top 20 cryptocurrencies by market cap are seeing their prices stabilize after another sell-off yesterday, according to CoinMarketCap. As of press time, the major 20 crypto markets are seeing a mix of red and green, with most gains fluctuating around 1-2 percent. Market visualization from Coin360 Bitcoin Gold (BTG), ranked 20th by market cap, has seen the biggest growth on the day, spiking almost 10 percent over the past 24 hours. At press time, the altcoin is trading at around $20.70. In early September this year, Bitcoin Gold was delisted from major crypto exchange Bittrex, following a $18 million hack of the BTG network in May. The “double-spending” hacking vulnerability of Bitcoin Gold reportedly allowed hijackers to take control..

Crypto Markets See Sharp Drop-Off on the Day, Bitcoin Dips Below...

Crypto markets see a sharp decline, Bitcoin dipped below $6,300 with Ethereum nearing the $200 mark Wednesday, Oct. 10: Crypto markets have suffered a sharp decline within an hour, with Bitcoin (BTC) plunging below the $6,300 threshold, and the top altcoin Ethereum (ETH) nearly touching $200. According to CoinMarketCap, virtually all the top 100 cryptocurrencies by market cap have suffered major declines at press time, with 19 out of the 20 top coins by market cap seeing significant losses over the past 24 hours. Market visualization from Coin360 After surging above $6,600 on Oct. 8, Bitcoin dipped below $6,300 today. The major cryptocurrency has dropped to as low as $6,284 before slightly recovering to $6,315 at press time. Bitcoin is down 4.65 percent over the 24 hour period, with 3.36 percent losses over the past 7 days. Bitcoin is barely holding its monthly gains, according to Cointelegraph Bitcoin Price Index. Bitcoin 24-hours price chart. Source: Cointelegraph Bitcoin Price In..
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