Ethereum 

Ethereum Drops to $200 Levels as Crypto and Global Markets Crash

Ethereum (ETH) price has continued to fall after a dreadful weekend, which saw the price drop to around $198, wiping out last week’s gains. The cryptocurrency is currently trading slightly above the $200 support level and faces a nervy week in which it could drop as low as $170. Ethereum Drops to $200 as Crypto Markets Crash The coin has had a stellar year to date, having started the year at $130. It reached $280 in mid-February, outperforming even Bitcoin (BTC) in its percentage climb. However, there has been a…

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Ethereum 

Bitcoin Recovers as Coronavirus Pandemic Continues to Hurt Markets

On March 3, Bitcoin (BTC) price gained the most on speculation that the US Federal Reserve, as well as other central banks, will be supporting markets even as concerns of the coronavirus outbreak continue to grow. Bitcoin Jumps Over 4% After Last Week’s Plunge Bitcoin gained 4% to take its price to $8,895, having suffered a double-price decline last week. This is welcome news for Bitcoin bulls, following last week’s 14% drop, which was BTC’s largest weekly loss since November.  In the third week of November, Bitcoin dropped around 19%.…

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Blockchain 

Analyst Predicts Bakkt Will Build Trust in Crypto Markets

Prominent analyst Tom Lee believes the launch of Bakkt will help build trust towards crypto trading among institutional investors. Lee, a renowned Bitcoin bull and co-founder of the research firm Fundstrat, tweeted his enthusiasm for the long-awaited crypto services platform: “I am very positive on @Bakkt and its ability to improve trust with institutions to crypto.” Bakkt is owned by the Intercontinental Exchange (ICE) and goes live on September 23, having already launched its crypto warehouse service, which saw over $1 billion USD worth of Bitcoin deposited in one day. Many involved parties…

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Blockchain 

Ren Outperforms the Broader Crypto Markets, Jumps 140% in 7 Months

The meteoric growth of the price of Bitcoin from $3,693.85 at the beginning of the year to the $13,880 year high reported last month has greatly affected most altcoins. As a result of the devaluation that altcoins have suffered against Bitcoin, most people are dumping their tokens in preference of the gaining Bitcoin. One altcoin, however, is defying those odds. Ren has been on a substantial bull run this year. Ren Up Over 140% in Seven Months However, one coin has defied odds and demonstrated an impressive growth run. At…

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Blockchain 

How Will the Crypto Markets Perform in Coming Years?

The crypto markets roared back to life at the beginning of 2019 after having a poor year previously, but many concerns remain despite the impressive show in the first half of the year so far. In an interview, the Managing Director of the advisory firm PFYN Advisory, Patrick Franz, spoke broadly about the range of changes that could eventually propel the crypto space even further in the years to come. PFYN wishes to eventually harness a crypto markets ecosystem in which traders from all over the world can buy and…

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Blockchain 

Ripple Performs Better than Broader Crypto Markets on Technical Support

One of the most interesting cryptocurrencies to have emerged over the past few years has been Ripple (XRP), and it has managed to hold onto its position as the third biggest cryptocurrency by market capitalization. However, it has not had the best year so far, despite threatening to break out more than once. In a new development that will be welcomed by those who hold XRP, the cryptocurrency has managed to outperform the market amidst all the chaos. XRP Finds Support While most of the market has been in a…

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