Ripple Price Surges 49% as Market Shakes Off Wednesday Woes

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The ripple price surged by 49 percent on Thursday as the cryptocurrency markets made a $177 billion recovery from Wednesday’s low-point. Ripple Price Makes 49 Percent Recovery Like all cryptocurrencies, this week’s market movements have dealt ripple a losing hand. After peaking near $4 earlier this month, the ripple price plunged as low as $0.88 on Bittrex on Wednesday, representing a 77 percent peak-to-valley decline. Thursday, however, demonstrated that the markets do not intend to go down…

Green Light for Crypto: Market Gets Back on Its Feet | News

For the umpteenth time, Bitcoin was declared dead this week as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble. However, the negative charts across the board took a positive turn as most of the numbers turned green across the major coins. The crypto market has generally been in a downturn since Bitcoin hit the $20,000 mark, but this recent collapse ignited genuine fear and panic. Bloodbath across the board…

Japan’s Largest Bank Set To Open Crypto Exchange Despite Bear Market

The fourth largest bank in the world, Mitsubishi UFJ Financial Group, Inc (NYSE:MTU), just made major headlines as it announced that it plans to launch its own cryptocurrency exchange this year. According to the report, MUFG has already taken the steps to notify the Financial Services Agency (JFSA) in Japan on its decision to move forward with launching its own exchange. This major Japanese bank has also been in the press for working on issuing its own cryptocurrency. The plan as it seems is by being able to control the…

Cryptocurrency Adopters Turn to Bitcoin During Market Downturn

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The dominance index of bitcoin, which calculates the dominance of the cryptocurrency over the global market, has increased over the past 48 hours amidst one of the worst corrections the market has experienced since June 2017. Is Bitcoin Reserve Currency of Crypto Market? Since 2016, upon the emergence of digital tokens and alternative cryptocurrencies, many investors have started to consider bitcoin as the reserve currency of the cryptocurrency market. While it often does not return the high…

Get ‘Em While They’re Cheap? Two-Day Crypto Market Slu… | News

A second day of losses throughout cryptocurrency markets is giving would-be traders a chance to buy that may not be repeated. Bitcoin dropped below $10,000 on Cointelegraph’s price index Wednesday, Jan. 17. On the same day, Ethereum (ETH) went below $900, marking a price slide of over 30% for both assets this week. Community and industry figures have reacted with mixed emotions to the downturn, which mimics behavior seen in January over the past three years. “Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you…

Is The Cryptocurrency Market Entering A Mature Stage?

In 2017, we’ve seen Bitcoin and eventually other cryptocurrencies explode onto the scene and become mainstream. Now, some are wondering if the digital currencies have entered “the next stage”, especially now that more and more investors are paying attention to initial coin offerings (ICO) and placing big money on cryptocurrency. Now the question is, has this market finally matured such that it warrants a more serious look from investors and even governments to give it a similar treatment as the equity market? Resemblance To The Dot-Com Bubble One characteristic that…

Bitcoin, Ethereum, Ripple, Cardano, Litecoin and the Entire Cryptocurrency Market Continue to Suffer Major Losses, Here’s Why

The cryptocurrency market has lost over $100 billion dollars overnight and Bitcoin (BTC) and many altcoins have lost close to 40% in value. Many new cryptocurrency investors have begun to panic and are frantically searching for an explanation. The chart below depicts a trending sell off the past four years around the ramp up to the Chinese New Year. Source: Imgur Asia is still dominant in cryptocurrency trading by volume, accounting for a large majority of money flowing in and out of the market. The Lunar New Year rings in…

Crypto Market Suffers From Uncertainty in Asia, Losses… | News

Bitcoin and altcoins lost up to 40% of their value the morning of Tuesday, Jan. 16, as regulatory pressure from China and South Korea appears to upset optimism. Cross-exchange data from CoinMarketCap reveals the extent of bear sentiment arising from the confused situation in Seoul and the news of additional trading sanctions from Beijing. On Monday, Cointelegraph reported on how Korean authorities would likely stop short of an outright cryptocurrency exchange “shutdown,” but had introduced fines for users unwilling to use personal identification data on crypto exchanges in the country.…

Is the Crypto Market Booming or Maturing? | News

The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.com 2017 was a breakthrough year for the crypto market for major coins such as Bitcoin, Ethereum, and Ripple, increasing awareness by the mainstream market, and innovative new applications of Blockchain technology drove impressive returns. More importantly, this blistering pace for the entire ecosystem is being driven by increasing appetite on the side of investors, with no sign of abating. The breakneck speed at which the crypto market has expanded over the past year…