With the cryptocurrency market, there seems to be no end to the rush of blood. On May 12, Ethereum (CCC:ETH-USD) traded at highs of $4,362. As I write, Ethereum has slumped to $2,667. Source: Filippo Ronca Cavalcanti/Shutterstock.com A 39% correction within one week seems significant. However, it’s worth reminding that Ethereum was trading at $735 at the beginning of the year. The cryptocurrency is still higher by 264% for the year. At the onset, there are two reasons that… Source link

Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world’s No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch. At last check, bitcoin prices BTCUSD, -1.23% were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back. Prices of Ether Source link

It’s impossible to navigate the investing world these days without coming across cryptocurrency in some way. It’s everywhere — on your trading platform, on your social media feeds, and even your favorite cable financial news channel. Arguably the second-most-discussed digital asset is Ethereum (CRYPTO:ETH), which has grabbed headlines recently for its performance compared to Bitcoin, its gorilla-sized big brother. It’s up roughly 24% in the past… Source link

An electronic board showed bitcoin’s price in late March in Seoul, South Korea. Photo: yonhap/Shutterstock Bitcoin bulls sitting on massive long-term gains might be able to laugh off the most recent selloff in it and other cryptocurrencies, but the episode still exposes flaws in the argument for… Source link

The world’s most heavily traded cryptocurrency plunged as low as $30,202 per coin from a high of nearly $44,000 in the past 24 hours, according to data from Coindesk. Bitcoin recovered slightly following the New York stock market open and was down 15% at around $37,280. Alongside bitcoin’s fall, several other major cryptos were down Wednesday. Ethereum plummeted below $2,000 per unit at its low before reclaiming some of its lost ground. Ether was down nearly 30% at $2,430 Wednesday morning…. Source link

You might have noticed that the price of bitcoin is going er, to da Earth. Over the past 24 hours it has fallen by about a third 40 per cent to just above $36,000, $34,000, $30,000 (although at this point we not only can’t keep up but also can’t even be sure because a number of price sources seem to be having issues pulling data — go figure). In fact, the whole of the crypto space is a bit of a bloodbath, to put it frankly. That darned technoking eh. Oh and China too… Source link

Text size David Gray/AFP/Getty Images Bitcoin plunged to its lowest level since February on Wednesday, hitting a low of $36,219, down 44% from an all-time high of $64,829 it reached just last month. All of the gains accrued since Tesla (ticker: TSLA) got involved with the cryptocurrency have now… Source link

Crypto markets have shifted from buy, buy to bye, bye bitcoin, in a nanosecond, and technicians say that the digital asset may have more room to fall in the near term as a monthslong bullish trend unravels. Prices for the world’s most popular digital asset had broken below a number of levels viewed as support for the asset, including $42,000. See: Crypto winter? Bitcoin lurches to lowest level in months and alts like dogecoin sink 48% from peak At last check,… Source link

The fear of missing out works in reverse too. Just ask anyone holding Bitcoin right now. No one likes watching others get rich, and when it happens it does something to investor psyches. That’s one reason investment bubbles form—money rushes into a sector playing catch-up, looking for a piece of the action. No longer. Bitcoin is down nearly $5,000 or 12%, breaking $40,000 in early Wednesday trading. It’s the tenth daily drop in the past two weeks of trading. The cryptocurrency is… Source link

Ethereum (CRYPTO:ETH) has been shattering records right and left. Over the past year, its price has soared by more than 1,600%. In the past month alone, it’s up nearly 50%, as of this writing. It’s even surpassed crypto king Bitcoin (CRYPTO:BTC), which has “only” increased 380% over the past year. If you’re itching to jump on the cryptocurrency bandwagon, you’re not alone. It’s hard to ignore returns like these, and many investors are scrambling to… Source link