Dogecoin Price Drops Almost 10% Following China’s Crypto Ban
Dogecoin’s price has dropped almost 10% following China’s statement that crypto transactions and services are illegal in the nation. As China Declares Crypto Transactions Illegal, Dogecoin Plunges Almost 10% According to a report from Bloomberg, China’s central bank has put out a statement saying that all crypto transactions and services are illegal in the country. The central bank, called The People’s Bank Of China (PBOC), has announced that the ban includes activities like derivatives trading and exchange services offered by offshore organizations. Following the....
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I have found out recently that I know a lot less about dogecoin than I thought I did. For one thing, the financial converter on dogepay.com converts 1,000 DOGE into $0.14 in USD... 14 cents?? Really?! How can a company that's so charitable and has done so well for itself produce something that's worth so little? Maybe the differing amounts of Dogecoin and Bitcoin in existence has something to do with it... The same website converts bitcoin into USD. What's interesting is that for the past several weeks we have all been concerned over bitcoin's price fluctuations. One day it's over $300.....
The Fed's auction of 50,000 Bitcoins is hours away from taking place and the market has already started reacting to it. After enjoying a steady bull run towards 294, the Bitcoin price stumbled a little in last few hours - a part of correction, perhaps. The Dogecoin price, reacting almost inversely to Bitcoin's price movements, therefore surged notably within the same hours - around 3% against the BTC and 1.5% against the USD. The price previously was on a constant downtrend. By observing the 1H DOGE/BTC Cryptsy chart above, we can notice the following: The Dogecoin price is currently....
For nearly a month, rumors surrounding China’s alleged bitcoin regulations have been running rampant. Earlier in November, bitcoin actually underwent a serious financial dump, falling by nearly $40 overnight as the rumors swelled to ridiculous proportions. Now, it appears those rumors are coming true, and investors are wondering which direction bitcoin will sway. China’s state council is imposing stricter regulations for businesses that invest abroad. While this isn’t the full-on legislative map reported earlier, the move is likely to bear some consequences on the overall price and on the....
Despite experiencing a price rut lasting for the majority of 2014, Dogecoin has clawed its way back up the cryptocurrency market cap charts. After rising 18% on September 4, The Dogecoin price has continued its climb. Over the past week, the Dogecoin price has climbed more than 40%. Now, Dogecoin sits fifth among altcoins in total market cap. CCN examines the Dogecoin price charts. Dogecoin Price Rally Continues. September has been a great month for altcoins. In general, most top altcoins have seen their market caps increase, even as the Bitcoin price has struggled. Top 20-altcoins such as....
Over the past several months, the Dogecoin price has experienced a consistent decline. However, over the past two weeks the Dogecoin price has rebounded considerably. Should investors be bullish on Dogecoin? CCN examines the recent Dogecoin price increase. Dogecoin Price Increases 18% in 24 hours. September 4 was a refreshing day for altcoin investors, as a number of altcoins saw significant price increases. One standout was Dogecoin, who experienced a greater-than-18% 24-hour price increase from September 3-4. After resting at 27 satoshis on September 2, the Dogecoin price began to move....