Cryptocurrency blood both – look back at the past week performances

2018-9-10 10:58

Bitcoin – Significant drop in the price further develops

The 36th week was for the Bitcoin a blood bath in which the world’s most popular cryptocurrency lost a little bit over 10% of its value. Bitcoin opened on Monday (3rd of September) at $7,279 and is now traded at around $6,3500 as at the time of Writing.

The beginning of the week started relatively calm and the price did not drastically change until the 5th September. On this day, Bitcoin broke two big support levels, at 9:45 and at midnight and lost nearly $570 in a single day. From this hit, Bitcoin was so far unable to recover. On the bright side for Bitcoin, no further significant price drops appeared on the market.

Ethereum – Lost in a week almost $100

Very similar drop movements also encountered the Vitalik Buterin cryptocurrency, Ethereum. The world’s second biggest cryptocurrency opened its gate to the investors on Monday with the price $295.

Ethereum did not experience any bigger volatility in the beginning of the week and the price changed very slightly. That has, however, changed on Wednesday, again at 9:45 and at midnight when almost all cryptocurrencies tried their best to survive the day. Ethereum cut its losses on that day and waved a good bye to around $54.

Unlike Bitcoin, Ethereum further deepened its losses and is now traded at around $200 per coin, which means it lost almost $100 in a single week.

DogeCoin – making 20% growth in times of crypto depression

Interestingly enough, not all cryptocurrencies had such a depressing week. Dogecoin is a great example of that. The cryptocurrency created on the popularity of the Doge meme rose in value by 20% during the last week.

In the beginning of the week, one DogeCoin was valued at $0,004741 per coin, now it is traded at around $0,00573. The DogeCoin chart is not anyhow similar to the graphs we analysed above.

This coin continued its growth from the week before, one bigger support was broken on 2nd September 4:30, but that did not put off Dogecoin and it sustained its positive sentiment. On Wednesday when all other cryptocurrencies were drowning, DogeCoin was not only able to survive, but it also added a little bit to its value.

The post Cryptocurrency blood both – look back at the past week performances appeared first on ZyCrypto.

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Cryptocurrency blood bath – look back at the past week performances

Bitcoin – Significant drop in the price further develops The 36th week was for the Bitcoin a blood bath in which the world’s most popular cryptocurrency lost a little bit over 10% of its value. Bitcoin opened on Monday (3rd of September) at $7,279 and is now traded at around $6,3500 as at the time […] The post Cryptocurrency blood bath – look back at the past week performances appeared first on ZyCrypto.

2018-9-11 10:58


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Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?

Ethereum prices have plummeted over the last week, experiencing a drop in value of over 30% amidst a bloodbath that has shaved $50 billion off the cumulative cryptocurrency market cap. With ETH prices hovering around the $200 mark, Ethereum co-founder Vitalik Buterin announced the end of the age explosive growth within the cryptocurrency industry.

2018-9-10 03:40


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Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO

The cryptocurrency market is currently in the midst of a major sell-off, with Bitcoin, Ethereum, and virtually all altcoins plummeting in value. The loss of over $40 billion from the cumulative cryptocurrency market cap over the last week hasn’t deterred some of the largest companies in the blockchain industry from looking toward the future, however, […] The post Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO appeared first on CryptoSlate.

2018-9-9 15:18


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Binance CEO: We Have ‘No Plans for IPO’

Cryptocurrency exchange Binance CEO Zhao Changpeng dismissed rumors he planned to perform an initial public offering (IPO) September 7, following fintech startup Robinhood. Finance Skills ‘Very Much Needed’ After a report by Sludgefeed which suggested Binance’s recent hiring of Wall Street executive Wei Zhou as its CFO this week meant it was seeking to IPO, Changpeng denied this was the company’s goal.

2018-9-7 15:00


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CNBC ‘Reverse Bitcoin Price Indicator’ Hits Bullseye Again

Less than a week after CNBC forecast an $8000 Bitcoin price, the largest cryptocurrency tumbled close to $6000, leading to ridicule from commentators. ‘$8K Could Be Next’ In another instance of the network proving itself as a so-called ‘reverse price indicator,’ its predictions for BTC/USD completely contrasted with short-term reality, the pair going on to lose almost 13 percent in less than 24 hours.

2018-9-6 15:00


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Bitcoin (BTC) Falls To $6900 In Market Drop, Analysts Call For Lower Prices

Bitcoin Tumbles By 5% To $6,900 Following a week of positive price action, the cryptocurrency market has finally seen a pullback, with a majority of crypto assets falling by 5% or more. As reported by Ethereum World News just hours ago, on Wednesday morning, trader awoke to a worrisome sight, with Bitcoin (BTC) falling to just […] The post Bitcoin (BTC) Falls To $6900 In Market Drop, Analysts Call For Lower Prices appeared first on Ethereum World News.

2018-9-6 01:41


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Africa and its Antiquated Banking: Bitcoin The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain and cryptocurrency? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug […] The post Africa and its Antiquated Banking: Bitcoin The Solution? appeared first on Bitcoin News.

2018-9-6 05:55


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