Over the past 24 hours, Bitcoin has lost about 14% of its price, while Ethereum lost 14.5%. Bitcoin Cash was the biggest loser again, losing 45% from its value and Stellar (XLM) followed with 10% losses accordingly.
As expected, Bitcoin Cash dropped the most because of its hard fork and the quick sell-off that it triggered over the past few days. The newly produced versions of Bitcoin Cash (BCH), Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC) also suffered losses. While BCHSV fell from $170 to $60 in a three day span, BCHABC fell from around $450 to $270, almost splitting in half.
The current market conditions are quite gray – mostly because of the intensity of the drops over the last 24 to 48 hours. A couple of days ago, Bitcoin was trading near $7,000 and today we are noticing a downward trend that may lead the most dominant cryptocurrency even below the $4,000 support line – if this bearish trend continues.
A sell pressure on the other altcoins could also intensify in the days to come – pushing BTC, ETH, XRP and BCH to even lower limits by the end of this year.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
Join us on Facebook
- Canada Warns Its Citizens About The Growing Number In Bitcoin Scams
- Mining Ethereum Can Make You A Target For Hack Attacks According To Developers
- The Biggest Cyber Threat Of 2018: Cryptojacking Overtakes Ransomware
- French Stock Market Watchdog Blacklists Four Crypto-Related Websites
- Analysts Confirm: The Bomb Threats Aren’t The Reason For The BTC Price Drop
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain Archive5 days ago
You Can Pay With BTC In These Companies (Updated)
Blockchain News5 days ago
HTC Puts Brave As A Default Browser On Its Blockchain Smartphone
Ethereum News5 days ago
The Coinbase Effect: 3 Of 4 Ethereum Tokens Rally Against BTC On Their Day Of Listing
Blockchain News3 days ago
CEO Of Overstock Expects A Blockchain Products Market In 2019
Bitcoin News5 days ago
Bitcoin Hash Rate Drops, Miners Shut Down Their Devices
Altcoin News4 days ago
CEO Of Allianz: Regulators Should Step In Harder And Outlaw Cryptocurrencies
Blockchain News4 days ago
Samsung Files For A Smartphone-Based Crypto Trademark In The EU
Bitcoin News5 days ago
Bitcoin And Ethereum With New ‘Bottom-Like’ Drops