Tagcryptocurrency market

Bitcoin Price Drop From $20,000 Likely Due to Market Manipulation: Traders

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Since December 17, the bitcoin price has been on a continuous decline, falling from $19,900 to $5,980 at its yearly low. While the bitcoin price has seen two mid-term recoveries and corrective rallies, both failed to test two major support levels at $12,000 and $10,000. Market Manipulation Theory Recently, a group of cryptocurrency researchers and traders suggested that the bitcoin price has...

Bitcoin Drops to $8,030 as Cryptocurrency Market Continues to Slump

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The price of bitcoin dropped by over 9 percent in the last 24 hours, as it declined from around $9,100 to $8,030. The valuation of the cryptocurrency market, which hovered in the $400 billion region last week, decreased to $336 billion. All Cryptocurrencies Decline Today’s correction isn't exclusive to bitcoin. All major cryptocurrencies including Ethereum, Bitcoin Cash, Ripple, Cardano, and...

$81 Billion Allianz Says Bitcoin is a Bubble, Search Engine Results Show Otherwise

On March 14, $81 billion investment firm Allianz stated in a report released by the firm’s global economics and strategy head Stefan Hofrichter that the cryptocurrency market, regardless of its liquidity, is a bubble. Intrinsic Value Again Hofrichter stated that cryptocurrencies like bitcoin lack intrinsic value, and that the base value of cryptocurrencies is zero. “In our view, its intrinsic...

Ripple CEO: Cryptocurrency Market Has 'Outsized' Reaction to SEC Announcement

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Brad Garlinghouse, the CEO at Ripple, a blockchain company that oversees the $32 billion Ripple network, stated that the market has demonstrated an outsized reaction to the announcement of the US Securities and Exchange Commission (SEC). SEC Requires Exchanges to Register On March 7, the SEC noted that cryptocurrency exchanges and digital asset trading platforms must register with the SEC in...

Cryptocurrency Market Records Minor Correction as Bitcoin and Ethereum Fall 10%

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Within merely 24 hours after recording massive gains and peaking at $450 billion, the cryptocurrency market has fallen, recording a minor correction. Major cryptocurrencies including bitcoin, Ethereum, Ripple, and Bitcoin Cash all fell by over 10 percent. Bitcoin and Ethereum Fall 10% As CCN noted in yesterday’s report, in periods of extreme volatility, the vast majority of cryptocurrencies in...

Bitcoin Price Drops 4% as Cryptocurrency Market Struggles in Recovery

The price of bitcoin has dropped by 4 percent earlier today, on January 29, as the entire cryptocurrency market struggled to recover from its previous corrections. Other major cryptocurrencies like Ethereum, Cardano, and Stellar have also fallen by small margins, in the 3 to 5 percent region. Bitcoin’s Performance The slump in the performance of bitcoin is not exclusive to bitcoin. Most of the...

New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From?

It was around noon – I was in my favorite bagel store getting my coffee when I overheard someone talking about cryptocurrency. I was quite excited, considering that I finally seem less of a cultist when I mention Bitcoin due to the media frenzy responsible for pulling in new investors. However, my excitement turned into a nervous sweat when the man said “hey, did you hear about this Ripple thing...

Cryptocurrency Market Broke $50 Billion, What Have We Learned So Far?

As of May 12, the cryptocurrency market cap is at $53.9 billion, with bitcoin leading the market with a staggering $30 billion market cap and other alternative cryptocurrencies or altcoins such as Ethereum, Ripple and Litecoin maintaining their upward momentum. Ethereum in particular has seen a rapid growth in its market cap ever since the launch of the Enterprise Ethereum Alliance, an Ethereum...

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