It’s no secret that cryptocurrencies are performing horribly. Over the past week, Bitcoin, Ethereum, and the rest of them have been trading dramatically lower, falling as traditional markets enter a bear market.
On Thursday, the price of leading cryptocurrency BTC fell off a cliff, falling from the day high of $7,700 to as low as $4,400 in dramatic fashion. Surprisingly enough, this wasn’t the asset’s worst day in history.
Related Reading: Analyst Who Predicted Bitcoin’s $3,000 Bottom & More Thinks This Is Next
Ethereum, on the other hand, saw its worse day ever, crushed as the market recentralizes around BTC.
Ethereum Falls Off a Cliff
According to data from Nic Carter, a Bitcoin/industry startup investor and the co-founder of CoinMetrics, yesterday was Ethereum’s worst day in history; while BTC closed down 40%, the second-largest cryptocurrency lost 43% on the day, clearly marking its worst performance ever.
The last time it dropped even remotely close to this hard was amid 2017’s tumultuous uptrend, which was marked by large bouts of volatility due to global news and technical developments regarding cryptocurrencies.
Not to be outdone, it's Ethereum's worst ever day as a financial asset, by a significant margin (-43% with the runner up being -27%). pic.twitter.com/OS2Urcq2Jc
— nic carter (@nic__carter) March 13, 2020
Ethereum’s dramatic crash has had some serious effects on users of the ecosystem, not just investors.
As a result of Thursday’s volatility, the decentralized finance ecosystem, namely MakerDAO, has been subject to a number of issues. Namely, due to the collateral system that exists with MakerDAO loans, dozens of millions worth of loans have been liquidated, resulting in a dramatic shift in how the DeFi ecosystem operates.
Featured Image from Shutterstock origin »
Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows. Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum.
To say the crypto markets are in a meltdown today would be a complete understatement. Bitcoin has crashed below $6000 as the rest of the cryptocurrencies nosedive deeper. Ethereum (ETH), in particular, has slumped by more than 28% within the space of hours to trade at a mere $136 at press time. This unexpected pullback […]
A lack of bullish movement was evident in the digital asset industry over the past week, but it would be fair to say that the latest market collapse was expected by none.
Along with the rest of theThe post Ethereum's collapse may have quashed crypto-asset's bullish momentum appeared first on AMBCrypto.
As reported by Ethereum World News just a few hours ago, Bitcoin and the rest of the crypto market haven’t been doing too well. In fact, Ethereum, along with practically all other altcoins, has collapsed over 10% (compared to BTC’s relatively measly 7% loss or so) in the past day alone, marking a brutal loss for bulls.
Another week, another round of Crypto Tidbits. The past seven days have been rather positive for Bitcoin and the rest of the cryptocurrency market, which was battered the week prior to the one that just transpired.
The sudden change in market sentiment pumped the price of Bitcoin over its psychological $9k barrier and like the pied piper it is, the rest of the crypto-market followed its lead. Ethereum [ETH], theThe post Ethereum's top holders begin accumulation; market suspects boost in value appeared first on AMBCrypto.
Of the top-ten digital currencies, Ethereum has managed to outperform the rest of the lot since the start of 2020. Valuation-wise, Ethereum had managed to hold a 100%+ hike at press time and its fundaThe post Ethereum's improving on-chain metrics offset market downturn appeared first on AMBCrypto.
The number two cryptocurrency by market cap, Ethereum, just experienced a massive dump alongside many other major crypto assets, including Bitcoin and the rest of its altcoin brethren. Is the 2020 crypto rally finally finished, or is this just another opportunity to buy the dip across the crypto market before further upside in the days...
Over the past day, Bitcoin, Ethereum, and the rest of this nascent market have finally shown signs of recovering after the nearly 10% drawdown seen over the weekend. Per data from Coinmarketcap, ETH is up 6.
Ethereum’s stellar performance of late has seen it gain 113% in the six weeks since the start of the year. This achievement reversed a six-month downtrend and helped to inject a sense of anticipation for the rest of 2020.
The Ethereum price is up a staggering 120 percent year-to-date from $126 to $278. It has front-run Bitcoin and the rest of the crypto market as one of the best performing cryptocurrencies of the year.
Even as the rest of the world labored through the first month of the new decade enshrouded beneath louring apocalyptic clouds – a world war seemed briefly imminent, half of Australia turned to ashes, flash floods ravaged East Africa and the most virulent virus since the Spanish flu broke out – Bitcoin marched on impregnably […]
Thus far, 2020 has been a stellar year for the crypto market, adding over $70 billion to the total market cap since the clock struck midnight into the new year, thanks to short-term uptrends in Bitcoin, Ethereum, XRP, and the rest of the altcoin market.
Over the past two days, Bitcoin, Ethereum, and the rest of the cryptocurrency market have shot higher, retaking key price levels after an 8% correction that brought BTC as low as $7,700. Analysts say that this move is a precursor to strong price action in BTC and ETH.
The cryptocurrency market mounted a crazy recovery on Friday. Bitcoin, Ethereum, XRP, and all the rest of the altcoins surged higher, rallying to prices not seen since days earlier. While this was notable in and of itself, with BTC managing to retake the $8,000 price point on a daily basis in a move benefiting bulls,... The post appeared first on NewsBTC.
Bitcoin, Ethereum, and the rest of the crypto market have been on quite the tear of the past week, with BTC rallying from $6,800 to $8,450 in a matter of a few days. But over the past 48 hours, the crypto market has stalled, with nearly all digital assets posting 8% losses from the local... The post appeared first on NewsBTC.
Take one look at Bitcoin’s chart and you would assume that Ethereum, XRP, and all the rest have had a great 2019 too, but you would be sorely mistaken in saying that. Per previous reports from NewsBTC, since earlier this month, the price of ETH is actually down in 2019, which comes in stark contrast... The post appeared first on NewsBTC.
2019 was the year of Bitcoin, which stole the spotlight from the rest of the crypto industry, including altcoins like Ethereum, Ripple, and Litecoin. However, a small handful of altcoins vastly outperformed Bitcoin, and crushed even the returns that BTC brought investors during its year of bullish price action.
This week, the prices fall even harder when Bitcoin dropped below $8,000. The second largest cryptocurrency Ethereum followed BTC just like the rest of the market and now trading under $175. In line with the price, the fees have taken a fall as well.
Despite the high volatility seen across many altcoins, especially those based in China, the rest of the market is holding steady without much action. Some of the most prominent technical analysts in the space, such as Tone Vays, are expecting more downside.
Bitcoin just moved below $9,000 and is bringing the rest of the market down with it. Over the last 40 hours, Ethereum plunged over 6 percent, while XRP plummeted nearly 14 percent. The following technical analysis will evaluate where these three cryptocurrencies could be heading next.
The dominance of Bitcoin’s (BTC) market cap has been steadily increasing since January 2018. A lot of this can be attributed to the series of positive developments for BTC, which have been somewhat lacking in the rest of the industry.
Yesterday, the leading crypto asset by market cap, Bitcoin, broke down from its multi-month trading range, crashing over 15% and dragging already battered altcoins like XRP and Ethereum down further with it.
The largest cryptocurrency in the market, Bitcoin has witnessed one of its largest crashes for the year, recording a drop of over 9 percent in the past one hour. The rest of the market has followed suit, with Bitcoin Cash, Bitcoin SV, Binance Coin, and Ethereum losing value in over 10 percent in the past […]
The post Flash crash: Bitcoin dumps below $8500 mark seeing a drop of over 9% in one-hour as the market bleeds appeared first on AMBCrypto.
Bakkt is finally open for futures trading, but Bitcoin’s spot market doesn’t seem to have taken notice. Average spot prices for the leading cryptocurrency have again fallen below $10,000.
Bitcoin’s price has recovered above $10,000 yet again, allaying any fears of a massive sell-off. Cryptocurrencies in general are seeing plenty of green, with Ethereum, BAT and Maker leading the pack through 5-6% gains, while the rest are seeing moderate growth of at 2-3%.
Bitcoin and the rest of the market is surprisingly linear today, with many altcoins registering modest gains as BTC remains range-bound. Ethereum and XRP in particular are showing strong gains. How correlated is the crypto market? As experts debate the correlations between Bitcoin and gold versus the stock market, it’s interesting to look at […]
The post Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise. appeared first on Crypto Briefing.
Over the past 24 hours, Bitcoin [BTC] witnessed a minor hike of 1. 02 percent but the rest of the alts collectively declined. The prices were going down according to coinmarketcap. com and the trend appeared bearish for the other assets.
Trading is muted in crypto markets, especially with respect to Bitcoin. After measurable gain early on Monday, BTC mostly stayed around its new $10,500-10,700 level. The rest of the market is seeing considerable pullbacks, with almost all major coins posting losses.
Everyone can see the cryptocurrency markets aren’t heading in the right direction. Bitcoin is bleeding value once again, which automatically forces the rest of the markets to follow suit. With Ethereum dipping below $180 and Litecoin not sustaining $80, the remainder of the week looks rather bleak once again.
Ethereum is gaining significant new attention in China right now, causing some to believe that a 50% surge in price could take place over the rest of the this week. China Ranked #3 for Ethereum Searches A Twitter account by the name of @Journeyto100K_ has picked up on a significant surge in interest around Ethereum recently.
Within minutes, the bitcoin price crashed from $10,500 to below $9,900 in an abrupt drop, causing the rest of the crypto market to plunge by large margins. Battered Bitcoin Price Relinquishes Crucial Psychological Level As the bitcoin price slipped 4.
Bitcoin’s performance against other altcoins has been a much-discussed topic in the cryptocurrency industry, with the world’s largest digital asset giving a tough competition to rest of the market.
Bitcoin and the rest of the cryptocurrency market have always been subject to scrutiny and abject criticism by its critics. These comments have not just targeted major coins like Bitcoin and Ethereum, but almost all other digital assets on the charts as well.
Bitcoin and the rest of the cryptocurrency market have recorded a resurgence over the past few months, with the world’s largest cryptocurrency taking the lead on the market’s price hike.
Last weekend, the price of MATIC – the token behind Matic Network, an Ethereum-based blockchain scalability platform – surged 20% before experiencing correction along with the rest of the market.
Analysts Bullish on Ethereum Since hitting $275, Ethereum (ETH) bulls have quieted down along with the rest of the cryptocurrency market. As it stands, both Bitcoin and ETH are stagnant, trading within very small price.
The cryptocurrency market has seen a significant change in character since the last bull run resulted in market cap and price elevation. This positive change was spearheaded by Bitcoin and adhering to previous patterns, the trickle-down effect had an impact on the rest of the market as well.
Special thanks to Jinglan Wang for review and feedback
One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions.
Most of the major crypto assets such as Ethereum are still coupled to the movements of bitcoin. Only Litecoin has shown its independence recently as it continues to surge despite ongoing consolidation for bitcoin and the rest of the crypto market.
There has been very little action for the majority of cryptocurrencies over the past day or two. Bitcoin’s consolidation has left the rest of the altcoins in limbo. There are a couple moving though and.
When the cryptocurrency markets peaked back in late 2017, the price of one ETH soared to $1400. Then Ethereum took a huge hit along with the rest of the cryptocurrency market. But as the markets start to heat up again, Ethereum could be in a much better position to scale and usher in mass adoption.
By CCN: As part of the new F1 Delta Time game, which is an officially recognized blockchain collectible game from Formula 1 racing, some recently bought a car for $100,000. The virtual vehicle is powered to the max and will, therefore, provide a significant advantage in the game.
By CCN: In the last 24 hours, the bitcoin price has dropped by around four percent against the U. S. dollar, leading major crypto assets such as ethereum, bitcoin cash, and XRP to drop by more than seven percent.
The recent BTC Bullrun increased the hype not only around this crypto but also around the rest of the altcoins. However, although the technical indicators were optimistic, BTC experienced a sharp drop of more than.
Ethereum is moving. While bitcoin seems to be taking a bit of a rest, ethereum rose by more than 10% and has now overtaken bitcoin in weekly gains. It’s trading...
Ursula K. Le Guin used the character Istravan to say one sentence that I always remember in the rest of my life, “There is only one god given talent of me. That is, to know...
The post Volume Network : Realising a truly decentralised platform as TRON CTO joins in appeared first on Ethereum World News.
Ethereum price has managed to break above $215 today for the first time since November, 2018, securing an 8. 09% gain. With the altcoin rally now underway, let’s take a look and see how likely the number two cryptocurrency will stay at this new psychological level during the rest of the week.
By CCN. com: Dominant crypto asset bitcoin sent fresh shivers through the rest of the cryptocurrency market with its latest plunge. The bitcoin-to-dollar exchange rate dropped as much as 2. 66-percent on Monday to establish an intraday low towards $5,569.
Grayscale Investment’s secondary product, its Ethereum Trust, lost more than 50% this week. The collapse came even as the price of ETH increased slightly. The news follows a robust quarter by the company.
Those who style themselves as crypto progressives when rejecting the orthodoxy almost inevitably become crypto conservatives as they settle on a system they like, says Nic Carter.
You have to love it when the mainstream press talks about Bitcoin. Bloomberg broke the news that Venezuela has Bitcoin and ‘doesn’t know what to do with it’. Bitcoin as a Central Bank Reserve They also go on to say that: Venezuela’s central bank is running internal tests to determine whether it can hold cryptocurrencies in its coffers.