Hard Crash Of Bitcoin and Other Cryptocurrency Today

Hard Crash Of Bitcoin and Other Crptocurrency Today

Bitcoin has been on an upsurge lately with value of the cryptocurrency skyrocketing from $8,000 to close to $20,000. Well, that period hit a quick end today as the price crashed up to 23% on Coinbase.

The price shortly slipped below $12,000 on some exchanges at about 7:30 GMT.

This drop — which swept at least $4,000 from the bitcoin value at a point — was the highest percentage value loss that bitcoin has ever recorded this year.

The cryptocurrency valued at around $998 on January 1st 2017 moved up to a record high of closely $20,000 on some exchanges early this week. See the trend here

You may read also: Bitcoin Future Starts Trade, Sends Up $1,000

It is not only bitcoin that has experienced this kind of glaring value loss. Ethereum (20%), Bitcoin Cash (30%), Litecoin (21%) and almost all high-profile altcoin lost value in the last 24 hours, according to Coinmarketcap. Ripple went up by 7%, and only one out of two coins to maintain green in the past day.

The cause of the depreciation, everyone keeps guessing. This is the same way nobody knows really why bitcoin’s price has upsurged from a slight under $1,000 i the beginning of the year — although many do credit that to financial institutions accepting the cryptocurrency.

That is only probably to rise in 2018. Goldman is planning to trade bitcoin and other cryptocurrencies 2018, Techcrunch reported.

Goldman is one of the financial institution to provide Bitcoin Futures for certain number of clients. CBOE was the first to provide the trading alternative on December 10, CME has later joined the train. There has been criticism from some banks expressing concern at an absence of transparency and control around Bitcoin Futures.

BITCOIN WARNING - Your Wallet May Be Emptied And Not Be Revoked, Here's How To Prevent It
BITCOIN WARNING – Your Wallet May Be Emptied And Not Be Revoked, Here’s How To Prevent It

Bitcoin investors are being advised about the danger from hackers focusing on cryptocurrency exchanges Bitcoin prices never stops to fluctuate, with the value of the cryptocurrency falling since the time it hit a record high of above £14,000 last December. And as people continue to rush in to invest in …

Future Of Transportation Beyond The Cars
Future Of Transportation Beyond The Cars – What It Looks Like

Carless traveling is meandering in the fast lane at the Consumer Electronics Show, with firms showing off electric bicycles, scooters, skateboards while many focus on making the internal combustion engine a past tense. As the percentage of people around the world living in cities has increased, so also has the …

Trump Has Been Lucky So Far With The Economy - Obama Treasury Secretary jack lew
Trump Has Been Lucky So Far With The Economy – Obama Treasury Secretary

Ex Treasury Secretary Jack Lew stated that US President Trump has been benefiting from luck so far with the economy — and he advised that at times, luck runs out. In an interview at the Politico Money podcast, Lew said the global economy had incredibly endured the first year of …

Protected by Copyscape Relay Vibes - Blog Directory OnToplist.com top blog sites
top blog sites Blog Directory