This week, the world of cryptocurrencies experienced a severe collapse, losing about 35% of its total capitalization in one day . Although this took investors and markets by surprise, Vitalik Buterin , the billionaire creator of Ethereum , revealed that he already expected the bubble to burst. In an interview with CNN Business , the 27-year-old mogul said that cryptocurrencies are “in a bubble,” but it is difficult to predict when it will burst. “It could be over by now … It could be over… Source link
Read More »Bitcoin, Ethereum prices in freefall as China plans crackdown on mining and trading
Bitcoin has seen much better days. Getty Images Bitcoin, Dogecoin, Ethereum and every Source link
Read More »The billionaire creator of Ethereum already expected the collapse of cryptocurrencies
At 27 years old, Vitalik Buterin became the billionaire thanks to his creation: the cryptocurrency Ethereum. But he is aware that the bubble will burst at any moment, if it hasn’t already. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. May 21, 2021 3 min read This… Source link
Read More »Bitcoin, Ethereum, others crash as China announces fierce crackdown on cryptos
Bitcoin, Ethereum, and other cryptocurrencies crashed on Friday after China announced a fierce clamp down on the market in its bid to fend off financial risks. The world’s biggest cryptocurrency, Bitcoin, plunged by over 11% to $37,429, while Ethereum, the world’s second-largest cryptocurrency, crashed by over 13% to $2,552. Dogecoin fell by as much as 15% to $0.34 during the trading session on Friday. READ: U.S Treasury calls for businesses to report Crypto transfers from $10,000 The crash… Source link
Read More »Ethereum Price: Can It Reach a New All-Time High?
Ethereum, along with all other cryptos, experienced a huge sell-off in the last week. Just this month Ethereum reached over $4,300. Since then it dropped as low as $1,950 a now rests at around $2,500. Don’t miss out on how smart money is playing the crypto game. Subscribe to our premium newsletter – Crypto Investor. The drop from its all-time high represents a 42% decrease. But why such a harsh drop? What happened to make the cryptocurrency plummet from the top? Correlation With… Source link
Read More »Bitcoin and ethereum crash as China promises ‘severe crackdown’
Watch: Bitcoin falls again as China reiterates crackdown Bitcoin (BTC-USD), ethereum (ETH-USD) and other cryptocurrencies crashed on Friday after China announced a harsh clamp down on the market. The top crypto, bitcoin, plummeted over 11% to $37,429 (£26,428), while etherreum — the world’s second largest crypto — plunged 13% to $2,552. Dogecoin (DOGE-USD) fell as much as 15% to $0.34 during the session. Chart: Yahoo Finance The crash was triggered by Chinese vice-premier Liu Hu saying… Source link
Read More »Ethereum Is Crushing Bitcoin This Year. Should You Buy It Now?
The second-most-popular cryptocurrency, Ether (CRYPTO:ETH), the native cryptocurrency on the Ethereum network, has been crushing Bitcoin (CRYPTO:BTC) so far in 2021 after Bitcoin’s huge run-up at the end of 2020 and earlier this year. Even after the big recent drop in crypto prices, Ethereum is still up roughly 280% year to date as of May 20, while Bitcoin is up about 43%. With the outperformance and the recent dip, I think now could be an opportune… Source link
Read More »Bitcoin, Ethereum prices drop after China reiterates ban on crypto services
Bitcoin has had better days. Getty Images Bitcoin, Dogecoin, Ethereum and seemingly every… Source link
Read More »Ethereum: The Dreaded 50-70% Correction Came, But Is It Over? – Yahoo Finance
Bloomberg Hedge Fund Picks at Sohn 2020 Show Perils of Covid Investing (Bloomberg) — To say investing is tricky during the pandemic would be an understatement. And so it has proved for many hedge-fund managers since last year’s Sohn Investment Conference in Hong Kong.Among those who made investment calls at the September event, Quintessential Capital Management’s Gabriel Grego was a winner after vouching for Japan’s Sun Corp., which owns an Israeli cybersecurity firm that’s going… Source link
Read More »Bitcoin, Ethereum, Dogecoin: Witness the trillion-dollar crypto carnage—and rebound—in 3 charts – Fortune
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