38 million Fri, 16 Feb 2018 16:39:28 The price of a single bitcoin briefly crossed $10,000 yesterday as details emerged about a mysterious buyer s bet on the cryptocurrency why is bitcoin going down today. A broad range of cryptocurrencies, including Ethereum, Ripple, Litecoin, Dash, and Monero also declined, in most cases dropping even more steeply. Ethereum is a robust âsmartâ system that is already being widely adopted for building complex data-sharing applications. Yet the three tokens’ charts for the last few months are remarkably similar. read more The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Today, bitcoin has risen again above three figures to reach $10,016 but it is too early Fri, 16 Feb 2018 19:39:59 Bitcoin Gold (CURRENCY:BTG) traded up 7. In the last week, bitcoin dropped as low as $7,931 why is bitcoin going down today. 44 in Friday trading, according to Coindesk, before dipping into the red in early afternoon action below $10,000. The cryptocurrency broke above the important $10,000 psychological Fri, 16 Feb 2018 22:00:22 BITCOIN suffered a crashing blow in 2018 when it plunged in value, first in January and then again this month. 5billion Bitcoin, the worldâs biggest and best-known cryptocurrency, is currently trading at less than $11,300, according to CoinMarketCap - down from a high of more than $12,000 yesterday (January 28).
SPONSORED FINANCIAL CONTENTBitcoin price news: Why is bitcoin going down today. But a vital lesson still holds: cryptocurrency prices are volatile because very few speculators actually understand the technology or its potential, leaving it vulnerable to reactive, emotion-driven swings. Itâs unlikely that the same precise pattern will repeat itself, mostly because the ecosystem of startups and services surrounding cryptocurrency is vastly more robust now than it was four years ago. And Ripple is a mostly privately-held solution focused on interbank transfers. Its coin market capitalisation is now hovering around the $190billion mark, which is far below its December peak of nearly $335billion. The cryptocurrency rally of the last six months is strongly reminiscent of a Bitcoin bump that unfolded from October to December of 2013, when the price skyrocketed from under $130 to over $1100. After a massive sell-off earlier this year, the cryptocurrencies are trying to pull back. That was followed not just by a correction, but by a long, slow decline that had prices pared back to just over $200 within a year, followed by two years of steady, but slow, growth. That suggests very little close analysis by those buying into cryptocurrency (and likely a lot of purely algorithmic trading). Among the top coins, Litecoin has garnered all the attention with favorable news and an upcoming fork on Feb.
For proof, just look at how closely various cryptocurrency tokens’ prices are tracking each other, regardless of their often very different realities on the ground. The fundamental reason for these massive price swings is that the promise of blockchain tech is simultaneously so profound and yet so far from fruition. Some analysts have described this as profit-taking, which would suggest the declines will level off.Stratis.. 2% against the US dollar during the one day period ending at 11:00 AM ET on February 16th. Bitcoin is the first and most basic form of cryptocurrency, with a lot of adoption and stability, but relatively few features. Bitcoin price news: Why is bitcoin going down today. These are the headlines you need to know as Wall Street looks to a long weekend. 01385860 BTC on popular exchanges including Livecoin, Bitbank, CoinEgg and Bit-Z. (See also: Bitcoin Price Topped $10,000 Amid Cryptocurrency Rally. .