Bitcoin Markets Slump 20 Percent Monday
Monday certainly was not considered a good day in the bitcoin markets. Following some rumors that China was imposing a ban on financial institutions working with bitcoin exchanges, the price took a significant fall. As of this writing, the price per bitcoin is $653 USD on the Bitstamp exchange, with the day low at $613 USD. The good news: now's an excellent time to buy if you're looking to acquire some bitcoin. There's always the possibility the price will go down even further, but it's important to not get too greedy. There's no easy way to time lows, so don't try. Expect a lot of....
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Coming off a rather slump week at the markets, with most of the top crypto-currencies simply holding or losing ground, I thought I’d take the time to cover one of the few that has actually managed to gain in value over the past 7 days. Up an impressive 58.29% this week, Viacoin ranks 22nd in overall market cap with 4,282 BTC (or 2,048,981 USD). While at first glance there are mostly superficial differences between Viacoin and BTC the developers seem to have some interesting technical features which may (or may not) account for the fact that it seems to be picking up steam while the rest of....
Cryptocurrency markets were hit by a sudden fall over the weekend, with the global market cap dropping 3.80% in just 24 hours and now sitting at $1.73 trillion. Bitcoin fell by 3.44% in the last 24 hours to $38,168 per coin. The second-largest token by market cap after bitcoin, Ether also showed in red by 4.8% decline. It seems the USDC stable coin is doing better than its counterpart, as it only declined by 0.05 percent in value compared to last day’s movements while USDT saw no difference at all. Related Reading | TA: Bitcoin Resumes Decline, Why BTC Could Revisit $35K The....
To all those who track financial markets and asset classes, yesterday was a clear Black Monday. The global equity markets and commodities crashed as fears over the slowing Chinese economy once again gained prominence. Bitcoin too had its forgettable session yesterday as it cracked more than 13 percent intraday to hit a sub-$200 low. What's even more concerning is that the crucial support of $220-225 has been breached decisively, which has opened up the downsides to the target of $170-190. Technically, the violation of this support is a great indication that bears will exert even more....
The bitcoin markets are once again stirring up. Traders and enthusiasts alike woke up Sunday morning to a surprise when looking at the bitcoin market charts. We're observing sharp gains of about 9 percent in the past twenty-four hours. Considering the markets tend to die down on the weekends, it's interesting we're seeing this. Will it keep up? The answer will come with time, but if it does, it will most certainly make for an interesting trading day come Monday morning. At the time of this writing, observed prices are $1000 USD at exchange Mt. Gox and $889 USD at BitStamp. Today's high has....
On the first week of trading in 2016, U.S. and European markets have fallen markedly. Britain has undergone its worst trading start to the new year in 16 years. China, with a long history of command-and-control economics, has enjoyed recent literature about its more laissez-faire ways, but in times of crisis, the government institutes regulations in order to keep the nation afloat. In its 25-year history, China’s stock market experienced its shortest day of trading on Thursday. Concerns about capital flight have taken foothold in the world’s second-largest economy. Thirty minutes after....