Blockchain 

Bitcoin Falls Another 10% on China’s Crackdown

The biggest cryptocurrency in the world by market cap started off the year with a rally that went on for six months, but since then, it has been a bit chaotic. On Monday, Bitcoin slumped to its lowest level in six months after the Chinese central bank, The People’s Bank of China (PBOC), launched a crackdown on cryptocurrencies. The PBOC warned that there were risks associated with either trading or issuing cryptocurrencies. Considering the sheer size of the Chinese market, it proved to be a blow to BTC, and the…

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Blockchain 

Ripple (XRP) Falls on Bearish Momentum

2019 has been an excellent year for most cryptocurrencies as the rally led by Bitcoin in the first of the year led to gains across most of the crypto sector. However, while many tokens performed admirably, the same could not be said of the third-biggest cryptocurrency, Ripple (XRP). Key Analysis XRP performed poorly throughout the period, and now there is immense rancor in the XRP community, with regards to the behavior of Ripple. Due to the large selloffs that have been done by Ripple over the past quarters, there has…

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Blockchain 

Bitcoin Falls 30% from Highs

Regardless of a 30% price correction on Bitcoin, analysts are still bullish on the coin. On Saturday, BTC dropped 8%, and cynics believe that the rally towards a record all-time high is now over. Bitcoin surged over the past two weeks, establishing an M-top at $13,177 and $13,739 before dipping to $9,600. Despite the drop, the majority of traders are expecting the digital assets to retrace to the 50% and 61.8% Fib retracement level, which is close to the CME futures gap. Equally, the coin has dipped out of the…

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Blockchain 

Ethereum (ETH) Falls 86% Relative to Bitcoin Since the 2017 Build-Up

In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of frenzy around trend words like “smart contract” and “ICO.” Hype on ETH Waned Because of Scams and Bad Ideas The flurry witnessed eventually waned and the price of ETH, which hit a record high against…

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Blockchain 

Bitcoin Falls to Hold 10K Mark on Political Uncertainty

The month of July has been a month to forget for Bitcoin (BTC) so far as the cryptocurrency has repeatedly struggled to hold on to gains and failed to kick on from the highly impressive run it enjoyed in the first half of the year. Some of the issues that have dogged the cryptocurrency are not actually due to any particular weakness in the market. The introduction of Facebook’s Libra and the associated criticism it has attracted from the highest levels has created a drag on the entire crypto space.…

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Blockchain 

Bitcoin Falls Below $10K Again

Bitcoin (BTC) has had a tough time for almost the entirety of the month of July after having gone through a highly impressive bull run during the first half of the year. As everyone knows, the $10,000 mark has become an important psychological point for the market now, and if the price of the token drops below that level, then there is usually a bit of panic in the market. In a new development, the price of Bitcoin dropped below that level today, leading to fresh fears about the level…

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Blockchain 

Bitcoin (BTC) Falls Back Again As Facebook’s Libra Faces Huge Setback

Bitcoin (BTC) has been on a tearing run for much of 2019 after making a remarkable turnaround from its low of last year. However, the past few days have not been particularly great for the cryptocurrency as the price fluctuated quite wildly at the start of the week. Although Bitcoin did recover, the price slumped on Friday yet again as Facebook’s proposed cryptocurrency has reportedly run into trouble with the House of Representatives Committee on Financial Services. According to reports, the committee has apparently asked Facebook to refrain from developing…

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Blockchain 

Bitcoin (BTC) Corrects 30% & Falls Below $10K

Bitcoin price has pulled lower, a move that has been attributed to traders taking profits after a meteoric rise in recent weeks. A spike to one-year highs of $14,000 had initially elicited suggestions that the crypto was on its way to new all-time highs. However, that was not to be, as a 30% pullback has triggered a slide below the $10,000 mark. Bitcoin 30% Pullback The steep pullback may well be the result of a trader placing a sizeable short order of 20,000 BTC on Bitfinex exchange. The short trade…

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Blockchain 

Bitcoin (BTC) Price Falls Below $8,000 On Panic Selling

Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on cryptocurrencies, as it came after a harrowing plunge in 2018. A 14% plus drop has since taken the cryptocurrency back to the $7,700 level, waiting to see if short sellers have what it takes to…

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