Category Archives: markets

Ethereum Classic Jumps 15% Ahead of Today’s Coinbase Listing

Ethereum classic (ETC) is reporting double-digit gains on the heels of an anticipated listing on the Coinbase exchange as of 17:00 PST (00:00 UTC) on Thursday. At time of writing, ETC is trading across exchanges at an average price of $14.04 – a 15.72 percent gain in the last 24 hours – and is currently the biggest gainer among the top

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$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

Bitcoin is showing signs of life, but only a break above key resistance at $6,675 would confirm a bullish reversal, technical charts indicate. At press time, the leading cryptocurrency is changing hands at $6,470 on Bitfinex – up 10 percent from the 6.5-week low of $5,859 hit on Aug. 14. BTC had dropped to a 6.5-week low of $5,859 on

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Xapo president claims that 90% of cryptocurrencies will disappear

Ted Rogers, the president of Xapo – a Hong Kong-based company dealing with Bitcoin wallets – has claimed that a shocking portion of the cryptocurrencies currently listed will be wiped out. This iframe contains the logic required to handle Ajax powered Gravity Forms. Rogers believes that 90% of the tokens currently listed on CoinMarketCap are facing “extinction” if they are not

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Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis. The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported. At press time, bitcoin, the world’s biggest cryptocurrency

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Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

Bitcoin looks to have fought off a recent bear market breakdown that saw prices landing just above the yearly low of $5,755. Bitcoin dropped to $5,858 yesterday at 02:00 UTC, just $103 shy of this year’s bottom, according to Bitfinex data. The suffering has been even worse for much of the altcoin market, some of which have been bleeding out

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Ethereum Co-Founder Joseph Lubin: Crypto Price Collapse Will Not Constrain Further Growth

Ethereum Co-Founder Joseph Lubin: Crypto Price Collapse Will Not Constrain Further Growth Ethereum co-founder and ConsenSys Inc. CEO Joseph Lubin said in an interview with Bloomberg Aug. 14, that he does not see the recent cryptocurrency price collapse as a constraint to further growth. In а recent discussion on the state of the cryptocurrency market with Bloomberg, Lubin said that the value surges of… The post Ethereum Co-Founder Joseph

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Crypto Markets: Panic Mode Installed

Bitcoin, ethereum and other major cryptocurrencies have plummeted in price, with analysts warning that the market has hit “panic mode”. Ethereum experienced the biggest drop in value of all the major digital currencies, falling by nearly 20 per cent over the last 24 hours to hit its lowest price in almost a year. Massive trading volumes suggest a mass sell-off, with ethereum trading

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Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

Down two-thirds from its peak of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate a key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below $6,000 (February low) and extended the slide to

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Bitcoin’s Price Falls Below $6K to Near 2018 Low

The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world’s largest cryptocurrency within 2 percent of its 2018 low.  At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24. Bitcoin is not alone in

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Below $200 Billion: Crypto Market Sinks to New 2018 Low

Falling prices have sent the total market capitalization of all cryptocurrencies back below $200 billion. Data from CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows successive days of market declines. The market cap first rose above $200 billion in November 2017, a development spurred at the time by the listing of bitcoin

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