Crypto Market Loses $15 Billion as Assets Plunge 10 to 30%

Overnight, the crypto market has lost about $16 billion of its valuation as it dropped from $123 billion to $107 billion. Performance of the cryptocurrency market in the past 24 hours, data provided by CoinMarketCap.com For the first time since May 2017, the Ethereum price has fallen to the $80 region, deleting all of the …

Crypto Loses $6 Billion in Big Downtrend, is $3,000 Bitcoin Unavoidable?

Within a 48-hour span, since December 5, the Bitcoin price has dropped from $3,913 to $3,678, by just about six percent. Other major cryptocurrencies like Ethereum (ETH) and Stellar (XLM) have declined by more than 10 percent in the past two days. The Ethereum price has dropped from $112 to $101 while the Stellar price …

Asian Chief of FX Trading Firm Predicts Bitcoin Price Fall to $2500

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The Asia-Pacific Head of Trading at foreign exchange brokerage Oanda¬†has predicted that bitcoin price will fall as low as $2,500, claiming the behavior of the asset over the past few months …

Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Monday continued its crash course despite showing gains during the early Asian trading session. The digital currency attempted a go at its yearly low at ~$3,455 after …

Bitcoin Price Will Likely Bottom at $3,000: Genesis Trading CEO

Twitter Facebook LinkedIn Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $3,000 after a week that has seen the leading cryptocurrency fall as low as $4,035. Speaking to CNBC, Moro stated that he does not expect the $4,000 support level to hold out much longer as selling pressure from …

Crypto ETF Could Launch Bitcoin Price to $20,000 in 2019: BitPay COO

Twitter Facebook LinkedIn With Thanksgiving now in the books and the calendar just days away from turning the page to December, most bitcoin bulls are conceding defeat in regard to their 2018 crypto market predictions. However, the new year is just around the corner, and BitPay COO Sonny Singh believes that 2019 could bring good …

Bitcoin Price Drops to $4,950 as Bears Pummel the Market

Twitter Facebook LinkedIn The bitcoin price crossed another psychologically-significant milestone on Monday, but, unlike the last time it hit this mark, the bulls are no longer cheering. Earlier today, at approximately 16:30 UTC, the bitcoin price fell below $5,000 for the first time in 2018. On Coinbase, BTC/USD fell to $4,950 before bouncing back above …

Falling Wedge Indicates Interim Breakout Scenario

Twitter Facebook LinkedIn Bitcoin on Tuesday extended its downward momentum, dropping 0.67-percent against the US Dollar. The BTC/USD trading pair opened the Asian trading session at 6288-fiat and attempted an upside correction to as high as 6309-fiat. The selling pressure around the 6309-level resumed the downtrend. As a result, the pair kept forming red candles …