Bitcoin Price Eyes $1,800, Altcoin Rout As Poloniex Feels Strain

Bitcoin Price Eyes $1,800, Altcoin Rout As Poloniex Feels Strain

The majority of altcoins dropped sharply Tuesday, while Bitcoin surged ahead on reports major exchange Poloniex was unable to cope with the demand. As multiple altcoins shot up in price over the past two weeks, trading activity has increased with them. Poloniex, which deals with many of the most popular assets, began showing signs of strain over the past 24 hours. On social media, users were complaining about lag in trading and price data, transactions failing to complete and the site even failing to load altogether. Panic selling thereafter has put major pressure on all the altcoins in....


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Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....

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We are acutely aware that digital currency is an inevitable technical development that will lead to significant innovation in online commerce, financial systems, international payments and remittances and global economic development.

Dr. Christos Vlachos, Chief Financial Officer of University of Nicosia