Bitcoin Continues to Slump, Falls by 10% Over 24h Amidst Bear Market

Bitcoin Continues to Slump, Falls by 10% Over 24h Amidst Bear Market
фото показано с : blokt.com

2018-12-7 15:59

The morning trade in Asia fell hard on Bitcoin prices as the cryptocurrency dropped from $3.790.96, slumping 10%. The currency has continued to decline and has now reached $3,435.30. Bitcoin, along with other prominent currencies has experienced a massive slump in prices, changing the top 10 rankings of digital currencies.

The Crypto Winter Continues

While the entire year has been disappointing for the crypto world, December has been especially hard so far. On the very first day of the month, the price of Bitcoin dropped 8 percent, and the setback is continuing as we progress towards the holidays. Bitcoin went as far down as $3,3367 today marking a 10.25% fall in 24 hours. Ripple’s XRP and Ethereum followed suit and quickly lost 11% and 16% of their market capitalization.

The market cap of the entire industry has taken a beating as it has fallen by 86.96% since hitting all-time highs at the start of this year. CoinMarketCap data suggests that the volume has also dropped by over 62%.

The Crypto Market Shuffles Top Rankings

While Bitcoin, Ripple XRP and Ethereum continued to be the top 3 coins in the market, their market capitalization was severely impacted because of the new trading lows. Stellar is now the fourth largest cryptocurrency in the world as Bitcoin Cash ABC went into a freefall. Stellar is followed by Tether, Bitcoin Cash, Bitcoin SV, EOS, Litecoin, and Tron. The market value of Tron has fallen below $1 billion. EOS is the biggest loser amongst the top 10 coins at press time, having fallen by 21.58% in the past 24 hours.

Interestingly, Bitcoin SV registered an 11.24% gain while all other currencies were bleeding.

No respite for traders in the market as the US Securities and Exchange Commission (SEC) has updated on Thursday that it has delayed the decision on the VanEck-SolidX ETF offering until February 29, 2019.

Bitcoin Continues to Slump, Falls by 10% Over 24h Amidst Bear Market was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69163.82 (+0.27%)
Объем 24H $17.263b
Изменеия 24h: 0.37 %, 7d: 3.50 %
Cегодня L: $68516.58 - H: $69571.67
Капитализация $1362.762b Rank 1
Цена в час новости $ 3297.98 (1997.16%)

bitcoin slump continues currencies falls cryptocurrency prices

Источник: blokt.com

bitcoin slump → Результатов: 92


December Cryptocurrency Predictions Report: Tron (TRX), Litecoin (LTC) and Binance Coin (BNB) forecast to continue slump, but other coins could recover

Price comparison site finder.com releases December Cryptocurrency Predictions Survey, 11 coins forecast Panellists provide thoughts on recent fall, cautiously optimistic for some coins in December Binance Coin (BNB), Litecoin (LTC), and TRON (TRX) forecast to drop further Stellar (XLM), Cardano (ADA), and bitcoin (BTC) predicted to increase   The experts on personal finance comparison site […] The post December Cryptocurrency Predictions Report: Tron (TRX), Litecoin (LTC) and Binance Coin (BNB) forecast to continue slump, but other coins could recover appeared first on CaptainAltcoin.

2018-12-5 17:17


Фото:

Allianz Chief Economist Backs Crypto to Survive Current Market Selloff

Mohamed El-Erian, Chief Economist at Allianz, has stated that cryptocurrencies will survive the current market slump and achieve widespread acceptance subsequently. Speaking on November 27, 2018, at the Coindesk ‘Consensus: Invest in New York’ conference, El-Erian became a somewhat unlikely voice of support for crypto, declaring that not only will it survive and thrive, but the entry of institutional investors.

2018-12-1 14:00


Bitcoin is having the worst month price-wise in 7 years. Ethos and SALT lost 99% of value in November while Factom gained a staggering 137%

With today’s slump of 7. 2%, bitcoin is heading down to record the worst month price-wise in the last 7 years. With the last day of November, bitcoin’s monthly loss has dropped to 37% which is second only to the August 2011 nosedive that saw bitcoin going down by 39% and $8.

2018-11-30 17:42


Фото:

Bitcoin Mining Giant Bitmain Launches Data Center in Washington Despite Crypto Crash

World’s leading bitcoin mining hardware manufacturer, Bitmain has launched a new $20 million data center for cryptocurrency mining in the East Wenatchee area of Washington, United States, actively expanding its global digital assets mining operations despite the ongoing bitcoin price slump, reported  NW news network on November 18, 2018.

2018-11-21 16:00


Фото:

Stock Market Slump Could See Bitcoin Price ‘Make New All-Time High’

Cryptocurrency inventor, fund partner and advocate Max Keiser is predicting new all-time Bitcoin price highs as the stock market tumbled again this week. Bitcoin to ‘New All-Time High’ as Stock Market Slumps A drop in share prices for both Goldman Sachs and Apple has equated to an approximately 160-point loss for the Dow Jones November 12, leading Keiser to suggest the index could collapse to below the significant 10,000 barrier in future.

2018-11-13 20:00


Фото:

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51


Фото:

U.K. Money Management App Emma Launches Cryptocurrency Feature

Although the cryptocurrency industry is facing a downward slump, Emma, the London-based money management app sees long-term potential with the emerging asset class. According to TechCrunch’s article published on October 18, 2018, Emma launched a new cryptocurrency support feature in their app that links with a large number of cryptocurrency exchanges to help users track their existing balance.

2018-10-20 19:00


Фото:

Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump

As Bitcoin price moves towards the second weekly close of October, we recap what happened during the week and look at the bullish versus bearish case for the number one cryptocurrency. 1 Day chart   Bitcoin price has spent most of October in a tight range oscillating between lows of $6400 and highs of $6,650 as it continued a slow grind towards the horizontal resistance, which has capped the cryptocurrency’s price since January 2018.

2018-10-15 20:00


Crypto Market Sees Bloody Thursday, Will Bitcoin Break Below $6k?

The past 24 hours haven’t been a nice period for the crypto market, with a great majority of the cryptocurrencies shedding off a significant fraction of their market value. In fact, all of the top 100 cryptos currently in the market have experience a slump, and 19 of the top 20 cryptos have been hit […] The post Crypto Market Sees Bloody Thursday, Will Bitcoin Break Below $6k? appeared first on ZyCrypto.

2018-10-11 16:39


Фото:

Iceland’s Bitcoin Mining Industry Losing Allure, Interest Now Shifting to Core Blockchain Technology

Iceland has been a hotbed for bitcoin and other cryptocurrency miners due to its very cold climate and the availability of cheap power supply. However, 2018 has seen a shift of interest from bitcoin mining to core blockchain ventures in the country, partly due to the slump in the price of bitcoin, reported  Red Herring on September 23, 2018.

2018-9-25 09:00


дальше еще 43 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin surges to $71k as analysts cite increased spot ETF inflows

Analyst expects renewed market confidence as Bitcoin surges to $71,000 Bitcoin’s price surged to $71,000 on Tuesday amid increased spot buying and spot BTC exchange-traded fund (ETF) purchases, prompting the cryptocurrency community to debate whether this signals the start of…

$300m meme coin full of potential security flaws

Investors have been buying Mog Coin (MOG) despite the major security flaws in its underlying smart contract code. According to a ChatGPT security audit, the owner of the MOG smart contract used the “Ownable” function in the meme coin’s code.…

Crypto market cap surpasses the $2.5t mark following CPI data

The global cryptocurrency market capitalization has recorded an impressive momentum after the U.S. Consumer Price Index (CPI) report was released. Notably, the US CPI for April increased by 3.4% over the past year, crypto.news reported. In March, the CPI reached…