The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was close to its previous all-time highs. Cardano (ADA) creator Charles Hoskinson tweeted that the current price drop was due to the FUD created by the media news and market manipulation. He reminded the crypto community that crypto is unstoppable and is the future as it …
Friday, Nov. 22 — Cryptocurrency prices are bleeding heavily, with some of the top-20 coins showing losses of close to 10% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) started the day just above the $7,600 price mark, when it suddenly started on another sell-off towards the $7,000 price level. The coin bounced off a local low of $6,800 in recent hours, before moving up to its current trading price at $7,300, showing a loss of close to 4% on the day. The world’s largest cryptocurrency is down around 15% from the weekly open of $8,500 and …
After another sell-off earlier today, crypto markets have continued to fall, with Bitcoin (BTC) briefly dropping below the $8,200 threshold. At the time of writing, 19 out of the top 20 coins by market cap are seeing significant losses. Texos (XTZ), the 17th altcoin by market cap, is resisting the bearish movement, still trading up around 1% over the past 24 hours at press time, according to Coin360. Market visualization. Source: Coin360 After Bitcoin failed to reclaim $8,500 earlier today, its price has only continued to fall, dropping to as low as $8,104 per coin earlier on the day. At …
Sunday, Nov. 17 — Crypto markets are showing mild signs of recovery, while Bitcoin (BTC) stumbles above the $8,500 price mark. Cryptocurrency market daily overview. Source: Coin360 For the better part of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,500 and $8,600, while slowly finding its way towards the $8,700 price mark in recent hours. Bitcoin is currently trading at a price of $8,515, showing limited gains of .32% on the day. Bitcoin daily price chart. Source: Coin360 Slow bleed to $8,200 possible? On Friday, Bitcoin attempted to break the $9,000 price level, …
In this week’s selected cryptocurrency and blockchain-related news from Japan, a new association promoting crypto assets in antiquing was born, a well-known cryptocurrency trader was arrested and the Kyoto University started participating in the XRP ledger. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Crypto Antiquing Association Launches On Nov. 11, Cointelegraph Japan reported that the Crypto Assets Antique Association (CAAA) was established with the purpose of promoting the use of crypto assets in the antique trade. CAAA’s representative director Ji Komiya said, “I want to connect to new activities …
Friday, Nov. 15 — Crypto markets are mostly showing red candlesticks, while Bitcoin (BTC) fails to impress as it crawls its way below the $8,500 price point. Cryptocurrency market daily overview. Source: Coin360 For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,700 and $8,600, while taking a sudden swing below the $8,500 price mark during recent hours. Bitcoin is currently trading at a price of $8,480, showing a loss of 1.85% on the day. Bitcoin daily price chart. Source: Coin360 Despite Bitcoin’s continued struggle to reach higher highs, Tom Lee, renowned …
Thursday Nov. 14 — Cryptocurrency markets are largely trading sideways, with Tezos being the only top-20 coin showing notables gains of more than 11%. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been showing little price movement over the last few days and recently sipped below the $8,600 price mark. The world’s largest cryptocurrency started the day at an intraday high of $8,800 before slowly moving downwards to its current trading price, showing a loss of 1.75% on the day. Bitcoin daily price chart. Source: Coin360 BTC could drop towards the $8,500 region According to Cointelegraph contributor Horus Hughes, …
Coinbase’s Visa debit card has expanded support for five more cryptocurrencies in ten new jurisdictions, the firm announced in two separate tweets on Nov. 14. Launched in April 2019, Coinbase Card now supports a total of nine cryptocurrencies in 29 countries in Europe. The Coinbase Card’s new supported cryptos include XRP, Stellar (XLM), Basic Attention Token (BAT), 0x (ZRX) and Augur (REP), enabling users to spend using the listed currencies. The five coins join other major supported cryptocurrencies like Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Coinbase Card allows users to make purchases using crypto from Coinbase …
Tuesday Nov. 12 — Cryptocurrency markets are largely trading sideways with many changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle the $8,800 price mark. The world’s largest cryptocurrency bounced off a local low of $8,705 earlier today before moving to its current trading price at around $8,750, showing a small gain of 0.27% on the day. BTC daily price chart. Source: Coin360 Bitcoin continues its struggle to hold on to its current trading levels, …
An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries. The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to change its operations anyway. Already well-suited for securely transferring units of value around the world, the same technology that powers Bitcoin holds great implications for the world’s remittance businesses. Ripple is among the most relevant companies for those looking at this space through a …
As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse. There are too many crypto projects, says Garlinghouse In an interview with Bloomberg released Nov. 5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here to stay. That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers, Ripple CEO declared. Growth is caused by the hype around the market According to …
Xpring, Ripple’s investment arm and tech incubator has completed a strategic investment into smart contract platform Flare Networks. Joining the XRP ecosystem On Nov. 5, Flare Networks reported that it secured a partnership and investment with Xpring that will enable the company to bring a “wealth of resources and partners to enhance and extend the Flare, Xpring and XRP ecosystems.” The Flare Network, which has been over two years in the making, reportedly integrates the Ethereum Virtual Machine to enable public and private networks to leverage smart contracts. Flare will soon release a draft token whitepaper detailing the construction and …