Bitcoin News (BTC) - Page 44

Will Bitcoin's Price Extend Its Four-Year January Losing Streak
Bitcoin (BTC) has reported losses in January for the last four years, and a fifth now looks on the cards. The leading cryptocurrency by market value fell 32 percent, 14.6 percent, 0.10 percent and 26.64 percent in the first month of 2015, 2016, 2017 and 2018, respectively, according to CoinDesk?s Bitcoin Price Index. Notably, the odds are stacked in favor of BTC extending the four-year January losing streak this year. BTC fell 13 percent last week, signaling an end of the corrective bounce from the December low of $3,122. The sell-off reinforced the bearish view put forward by the downward sloping 10-week simple moving average. As a result, a drop to $3,122 in the next couple of weeks cannot be ruled out.
January 16, 2019 2:37 PM

Bitcoin Today: Prices Drop Toward $9,000 as Analyst Offers Stark Warning - TheStreet
Bitcoin prices dipped to a five-day low on Tuesday as the bid for $10,000 faced continued obstacles. The No. 1 cryptocurrency by market value traded as low as about $9,150 in early action Tuesday, down from recent highs close to $9,965 over the weekend. Here are the stories you can't miss in cryptocurrencies for Tuesday, May 8. DataTrek Research co-founder Nick Colas, who is widely regarded as the first analyst on Wall Street to cover cryptocurrencies, has changed his tune. In an interview with CNBC, Colas said the most widely held cryptocurrencies have started to lose their fundamental appeal. "It has come down quite a long way, and we're getting a lot of people asking is now the right time to buy," Colas said. "The short answer is now." Colas added that bitcoin's December 2017 rally to nearly $20,000 wasn't driven by inherent value, but rather by a "bubble based around the futures launch in December, and a lot of enthusiasm for the asset." Colas said the cryptocurrency space has become a waiting game, and it could remain as such for the next three to five years as investors regain interest when bitcoin becomes more real-world applicable.
January 16, 2019 2:37 PM

Bitcoin is tanking hard, taking every other coin along for the ride BGR
It?s another crypto bloodbath, Bitcoin fans. Very early on Friday, prices started dropping more than usual. It all seemed like just another regular start of the day. Bitcoin and the entire market have been on a continued downward trend for weeks, as the bears are still in control of the action. It soon became clear that this wasn?t just another Friday. Bitcoin lost nearly $700, trading as low as $6,100 on some exchanges. And when Bitcoin drops, everything else follows. As of the time of this writing, all coins are plummeting and there?s no clear explanation as to what?s causing the new lows. Because yes, Bitcoin has reached a new low, trading for as much as $500 below the $6,600 price it hit back in March. At the time, that was the lowest price for the popular cryptocurrency since it climbed to all-time highs late last year.
January 16, 2019 2:37 PM

Why Bitcoin, Ethereum and Almost Every Cryptocurrency is Crashing | Inverse
Uh oh. In the early hours of Tuesday morning, cryptocurrency traders awoke to a sea of red numbers with almost every single token in the top 100 reporting drops in value over the past 24 hours. The dips come after a number of announced legislative actions by national governments, although there is skepticism in the crypto community that these events are linked. CoinMarketCap shows that Bitcoin, still the largest token by a wide mile representing 35 percent of the market?s total value, dropped nearly 12 percent in value over the past day to reach $12,305 with a market cap of $206.8 billion. Ripple, previously touted as an up-and-coming coin, dropped 21 percent to reach $1.44 and a market cap of $55.7 billion. By far the worst performer of the day was SmartCash, with a 39 percent drop that left the price of a single token at 97 cents and a market cap of $577.8 million.
January 16, 2019 2:36 PM

Bitcoin drops below $10,000 as cryptocurrency sell-off deepens
Let friends in your social network know what you are reading about The world's largest cryptocurrency was trading at $9,958.31 at about 6:50 a.m. ET on Wednesday. The last time bitcoin fell below the $10,000 mark was November 30. A link has been sent to your friend's email address. A link has been posted to your Facebook feed. To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This conversation is moderated according to USA TODAY's community rules. Please read the rules before joining the discussion. Bitcoin slid to $10,000 on Wednesday for the first time since Dec. 1, leaving the cryptocurrency down by close to half from its peak hit last month. Newslook
January 16, 2019 2:36 PM

Bitcoin price drop: Cryptocurrency plunges to lowest level since December
We're no longer maintaining this page. For the latest business news and markets data, please visit CNN Business The price of the volatile digital currency dipped below $11,000 around 5 p.m. ET on Tuesday, its lowest level in more than a month, according to data from Other popular cryptocurrencies ethereum and ripple also posted double-digit losses. It's unclear why bitcoin fell. Cryptocurrency is a murky market with frequent swings. "Volatility is quite common in the cryptocurrency world," said Mati Greenspan, a Tel Aviv-based analyst at investment firm eToro. The plunge follows a Bloomberg report on Monday that Chinese officials were stepping-up measures to limit cryptocurrency trading, which is already banned on exchanges.
January 16, 2019 2:36 PM

Bitcoin Drop Sparks Broad Cryptocurrency Selloff - MoneyBeat - WSJ
The price of the top cryptocurrencies fell sharply on Friday, with bitcoin falling near its year-low, after Japanese regulators ordered BitFlyer and five other cryptocurrency exchanges to improve security measures. Bitcoin was down about 8% at $6,169 and had traded as low as $6,081, according to Coindesk, very close to its year low. In early
January 16, 2019 2:36 PM

Going down: Bitcoin & crypto market dropping into danger territory RT Business News
The value of all cryptocurrencies has now dipped to $250 billion ? having lost an astonishing $580 billion in value from record highs late last year. This is fueling fears among some investors that the crypto-bubble is about to burst. The price of bitcoin dropped to $6,753 at 5:00am GMT on Friday, losing nearly two-thirds of its value since peaking above $19,000 in December. Sell volumes have reportedly increased across all the major cryptocurrency exchanges, with the entire market likely affected by a sharp increase in trading volumes in bitcoin futures at the Chicago Board Options Exchange (Cboe) and CME Group.
January 16, 2019 2:35 PM

Bitcoin Price Manipulation: Tether Inflate Cryptocurrencies | Money Close
Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers indicating that Bitcoin prices were manipulated last year?when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a ?concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.?
January 16, 2019 2:35 PM

Bitcoin Price Drop: Cryptocurrency Exchange Hack Wobbles Market
The price of bitcoin has taken a sudden hit following news that one of the world?s most-used cryptocurrency exchanges had been hacked, losing more than $31 million. All of the major virtual currencies, including Ethereum, Litecoin and Ripple, recorded a significant stumble between Tuesday evening and Wednesday morning, according to metrics on CoinMarketCap. Bitcoin was knocked from $6,760 to $6,611 in a matter of hours. It is currently $6,643 per coin. South Korea-based Bithumb, the sixth-largest exchange by market capitalization, has asked customers not to deposit any funds into their digital wallets, but assured users that their asserts were safe. It said the issue was first noticed on Tuesday, with millions of dollars-worth of cryptocurrencies being stolen, but claimed that the financial losses would be compensated using its own virtual cash reserves.
January 16, 2019 2:35 PM

$7,400 to $6,950: Bitcoin Drops 2% in 30 Minutes as Crypto Market Bleeds
Home » Bitcoin Price News » $7,400 to $6,950: Bitcoin Price Drops 2% Within 30 Minutes in Crypto Market Bleed Within the past 30 minutes, the Bitcoin price has dropped by more than 2 percent from $7,400 to $6,950, pushing tokens and other major cryptocurrencies to record large losses. Ethereum, Ripple, Bitcoin Cash, and EOS recorded 6 to 7 percent losses as Bitcoin failed to maintain momentum in the $7,400 range. If Bitcoin manages to immediately rebound to the $7,200 to $7,300 range in the next 12 to 24 hours and finds some stability in the low $7,000 region, then it is possible for the dominant cryptocurrency to avoid a downtrend to mid-$6,000.
January 16, 2019 2:34 PM

Bitcoin falls after Goldman reportedly drops crypto trading plans
Bitcoin slipped below $7,000 Wednesday after a report that Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies. The world's largest digital currency fell roughly 6 percent to a low of $6,866.06, according to data from CoinDesk. Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. The bank's CEO Lloyd Blankfein tweeted in October that Goldman was "still thinking about bitcoin."
January 16, 2019 2:34 PM

Bitcoin price: Cryptocurrencies drop suddenly with no explanation - Business Insider Menu Icon
Cryptocurrency prices plunged across the board suddenly and sharply Wednesday morning, seemingly with no clear reason. Having been steady at about $7,350 a coin during most of trading during both Asian and European morning hours, bitcoin lost more than $200 in mere minutes starting about 5:50 a.m. ET, or 10:50 a.m. BST. It took another leg down an hour later, falling below the psychologically significant $7,000 mark, before breaking back above that mark as the day continued. By 1:06 p.m. ET, the largest crypto by market value was trading at $6,894 a coin, a fall of 6.3% on the day. Bitcoin was the most obvious casualty of the sudden sharp fall, but other major cryptocurrencies including ether, Ripple's XRP, and bitcoin cash fell even more steeply. Here's the scoreboard:
January 16, 2019 2:33 PM

Bitcoin Is In Freefall, Dragging Ethereum And Ripple With It -- Here's Why
A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong. (Photo by Yu Chun Christopher Wong/S3studio/Getty Images) The bitcoin price went into freefall this morning, despite good news for bitcoin adoption from the growing Lightning Network, as investors get cold feet ahead of the U.S. Security and Exchange Commission's (SEC) decision expected later this month on whether to grant approval for a bitcoin exchange-traded fund (ETF) ? something the SEC has previously rejected due to fears around bitcoin's wild price swings and price manipulation.
January 16, 2019 2:33 PM

The Mike Muse Show Ep: Cryptocurrency, bitcoin, blockchain with Akon | R Street
Caleb Watney joined the Mike Muse Show to talk about the intersection of policy, cryptocurrency, and culture joining musical artist Akon, Tyrone Ross, and Mohammed Kassem. Caleb specifically addressed the policy challenges created by the emergence of cryptocurrency on the federal and state level. 1212 New York Ave. NW, Suite 900 Washington, DC 20005
January 16, 2019 2:29 PM

Akon To Establish A City In Senegal That Would Run Entirely On Cryptocurrency, Akoin
First Ever Black-Owned Futuristic City Is Building By Rapper Akon : Akoin With Its Own Cryptocurrency called ?Akoin?, Aliaume Damala Badara Akon Thiam better also known as Akon. He is Grammy nominated, multi-platinum selling artist, an American singer, songwriter, businessman, record producer, philanthropist and also an actor of Senegalese descent akoin. Akon is now building a Futuristic City in Senegal, West Africa. This city will be 100% Crypto based similarly the digital cash currency called ?Akoin? will be the only form of currency used as trade. Through ALA, Akon has become one of the biggest celebrities on the continent, and also the musician, who has just launched an even more ambitious project.
January 16, 2019 2:28 PM

Crypto Analysts Bullish on Ethereum (ETH) As Constantinople Hard Fork Is Nigh Bitcoin Isle
Just days ago, per previous reports from Ethereum World News, the market capitalization of Ether (ETH) surpassed that of XRP, as the asset surged by double-digit percentage points in a day?s time. The crypto asset has since taken a large leg up over Ripple?s go-to asset, but a number of analysts have claimed that ETH will only continue to run in the near future, especially as exchanges, like OkEX and Binance, continue to overtly profess their support for the Constantinople hard fork. For those who are unaware, the Constantinople hard fork is a blockchain upgrade that will implement five improvement protocols into Ethereum?s blockchain. Four are focusing on short-term scaling, while the other is centered around reducing Ether issuance from three ETH to two ETH a block. A leading cryptoanalyst, Alex Krüger, has claimed that in the long run, the so-called block reward ?thirdening? will be ?decidedly bullish.?
January 16, 2019 2:22 PM

HedgeMaven - Bitcoin And Ethereum Daily Price Forecast Crypto Market Mixed On Last Trading Session Of The Week - Yahoo! Finance News
Bitcoin And Ethereum Daily Price Forecast ? Crypto Market Mixed On Last Trading Session Of The Week  Yahoo! Finance News The Bitcoin price (BTC/USD) has edged lower as a result of a downward correction that came after its Wednesday gains. The original cryptocurrency has been ... Binance Foils Cryptopia Hacker by Freezing Stolen Crypto  CCN Binance has frozen funds as the Cryptopedia hack is investigated, but its CEO has raised concerns that are mitigating the move. Ripple price steady and bullish Brad Garlinghouse?s pride, xRapid gaining traction Transaction volumes thin as XRP consolidates inside Jan 14 high low Prices may be all over the place and consolidating inside Jan 14 bull bar but our last XRP/USD price analysis remain the same. As long as XRP prices trend above 30 cents, bulls...
January 16, 2019 2:21 PM

Bitcoin and other popular cryptocurrencies are crashing yet again BGR
Bitcoin and all the other cryptocurrencies rebounded last week after a two-day bloodbath in which the price of Bitcoin dipped under $10,000 for the first time in months. We told you at the time that you shouldn?t get too excited that prices were climbing again, as a new price drop may be just around the corner. ?It turns out the price drop was closer than we thought, and all cryptocoins were down by at least 10% on Monday morning at the time of this writing. Bitcoin is still above that $10,000 psychological milestone, while Ethereum dropped below $1,000 again. Ripple, the third largest cryptocurrency by market cap, traded for around $1.21 on Monday, according to data provided by CoinMarketCap.
January 16, 2019 2:20 PM

Ripple, Bitcoin & Ethereum Prices Are Crashing
For the second time in less than three weeks, cryptocurrencies suffered a major correction. The 16 largest cryptocurrencies all saw major price declines over the past 24 hours, according to data from Ripple, the third-largest digital currency, saw its price fall as much as 39% at one point. Bitcoin, the granddaddy of the crypto universe, saw its price fall as much as 14% on Monday. And Ethereum, the second-largest cryptocurrency which has gained in popularity among businesses, dropped 12%, before rebounding somewhat. The question is why? Market watchers say you can point to one of three reasons:
January 16, 2019 2:20 PM

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