Blockchain 

Bitcoin Corrects 45% from Highs

After having been in a slumber for most of 2018 and recording steady declines, Bitcoin returned with a bang in the first half of this year. Throughout the first six months of the year, BTC enjoyed an incredible rally that raised visions of unprecedented highs, but this all soon came to a halt. Why the Sudden Fall? Now, the biggest cryptocurrency in the world is in the middle of a major slump, and since its high of $14,000 earlier this year, it has slumped by more than 50%. That being…

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Blockchain 

Bitcoin Tanks From Highs, But Still Up Significantly YTD

Over the course of the first six months of the year, Bitcoin managed to go on a remarkable rally that raised the possibility of the world’s biggest cryptocurrency to reach the levels it had reached back in 2017. At the time, the price of one Bitcoin token had almost touched $20,000. However, the momentum soon went out of the coin, and it started dropping in July. In recent days, Bitcoin experienced rapid slumps, and for the first time in four months, it lost as much as $2,000. Although it did…

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Blockchain 

Ethereum (ETH) Slumps 50% From Highs in 2019: What to Do Now?

Over the past few years, Ethereum (ETH) has firmly established itself as the second biggest cryptocurrency in the world, and although many have predicted that it might one day topple Bitcoin, it has never come close to doing so. 2019 has not been a particularly great time for the token, and despite the fact that the wider crypto space has managed to generate impressive gains, ETH has lagged behind somewhat. Moreover, it has taken a bit of a pounding over the past two days, and its price has now gone…

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Blockchain 

Ripple (XRP) is Correcting from Highs

One of the cryptocurrencies that has quietly become one of the strongest tokens is XRP. Much of the credit for it perhaps goes to the company Ripple, which manages the cryptocurrency and has managed to sign significant deals that have XRP at its center. It has signed plenty of deals over the years, and that makes it possible to look upon XRP as a cryptocurrency which has a use case. Some leading financial institutions are conducting pilot tests on the product while money transfer company Moneygram has already announced a…

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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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