Markets Update: Leading Cryptos Grind to New Lows for 2018

Markets Update: Leading Cryptos Grind to New Lows for 2018
фото показано с : news.bitcoin.com

2018-12-7 15:42

In the last 24 hours, many leading cryptocurrency markets have broken down to post new lows for 2018. The bloodshed has seen BCH fall below $100 for the first time ever, while the market cap of ETH has fallen below $10 billion for the first time in over a year. The total capitalization of the combined cryptocurrency markets appears on the verge of testing $100 billion, currently sitting at $107.5 billion. 

Also Read: International Cooperation ‘Critical’ to SEC Action Against ICOs 

BTC Posts New Low for 2018

BTC has broken below support at the local low at approximately $3,500, posting a new low for 2018 of $3,300 on Bitstamp and $3,370 on Bitfinex, at roughly 10 p.m. EST. BTC currently has a market cap of approximately $59.5 billion.

BTC/USD – Bitfinex – 1D

The dump has also coincided with a drop in the spread between the prices on USDT and USD exchanges, with the spread between BTC markets on Bitfinex and Bitstamp currently at approximately 2%.

BTC/USD – Bitstamp – 1D

BTC has fallen approximately 83% when compared with the all-time highs of nearly $20,000 posted nearly 12 months ago.

BCH Dips Below Double Figures For First Time

BCH has dropped below $100 for the first time ever, trading as low as $96 on Kraken.

BCH/USD – Kraken – 1D

The sustained bearish action of recent weeks has seen the market capitalization of BCH fall below $1.8 billion, currently ranking it as the seventh largest cryptocurrency. As of this writing, BCH has shed 97% of its value when compared with its all-time high of roughly $4,000 during Dec. 2017.

Looking at the BCH/BTC charts, Bitcoin Cash is currently trading at an all-time low of approximately 0.03 BTC.

BCH/BTC – Bittrex – 1D XRP Tests $0.3

Despite experiencing a significant sell-off alongside the other leading cryptocurrency markets, XRP has held above the area of its 2018 low for now. XRP is currently trading at the $0.3 area, sitting roughly 20% above the $0.25 area of September’s double-bottom.

XRP/USD – Bitfinex – 1D

When measuring against BTC, XRP appears to be consolidating after recently breaking above the 0.00009 BTC area for the first time in six months. XRP has gained roughly 100% over BTC since mid-September.

XRP/BTC – Bitfinex – 1D

XRP is the second-largest cryptocurrency by market cap with a capitalization of $12.1 billion.

ETH Market Cap Slips Below $10 Billion

ETH also fell below $100 in recent days, hitting the double-figure range for the first time since May 2017. ETH is currently trading for approximately $85, down approximately 94% from the January high of $1,425. The sell-off saw record-breaking volume posted on Nov. 20.

ETH/USD – Bitfinex – 1D

When measuring against BTC, ETH is currently retesting support at 0.025 BTC for the first time since exactly one year until today.

ETH/BTC – Bitfinex – 1D

The crash below $100 has also seen the market capitalization of Ethereum fall below $10 billion for the first time since May 2017, with Ethereum currently ranking as the third largest cryptocurrency with a market cap of $8.8 billion.

Do you think that the worst of the dumping is over for 2018, or will we see lower prices by January? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, Tradingview

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Markets Update: Leading Cryptos Grind to New Lows for 2018 appeared first on Bitcoin News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Chronobank (TIME) на Currencies.ru

$ 31.02 (-0.22%)
Объем 24H $185.09k
Изменеия 24h: -1.57 %, 7d: 5.96 %
Cегодня L: $30.98 - H: $31.54
Капитализация $22.027m Rank 843
Цена в час новости $ 1.7026 (1721.92%)

lows new 2018 markets leading below time

Источник: news.bitcoin.com

lows new → Результатов: 116


Coinshares Exec: Bitcoin in Financial Crisis, Altcoins in Liquidity Crisis

The jaws of crypto investors fell to the floor on Wednesday, as cryptocurrencies, such as Bitcoin, Ether, and XRP, plummeted to establish new year-to-date lows. Although some cynics feared this rapid bout of capitulation for months, for many investors, this strong sell-side pressure, which saw BTC fall under $5,800, came straight out of left field.

2018-11-15 15:00


Фото:

Bitcoin Money Velocity Hits 2010 Lows, As BTC Price Flatlines

Bitcoin’s monetary velocity is at its lowest point in eight years, and investors should be “realistic” about the chances of the 2018 bear market ending in the medium term. Echoes Of The Dawn Of Bitcoin Speculation That was the message from data analyst Willy Woo October 29, who uploaded new data tracking quarterly velocity for Bitcoin versus USD money supply.

2018-10-29 13:00


Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

2018-10-20 01:31


Фото:

Ether September Price Lows Could Signal End of Bitcoin Bear Market: Analyst

Ether (ETH) prices “capitulating” in September was “significant” to ending the 2018 cryptocurrency bear market, according to a new theory from one cryptocurrency analyst.   Thies: ‘We Were Looking In The Wrong Place’ In a series of tweets, UTR Equity’s crypto market commentator Eric Thies postulated that Bitcoin’s run to all-time price highs in December 2017 came as a result of Ether investment during the ICO phenomenon.

2018-10-9 16:00


Фото:

A Thin Ice Market — Altcoins Bleed Out

On Monday morning, the cryptocurrency market awoke to a horrific sight, with the market reestablishing new year-to-date lows amidst an altcoin ‘cliff dive’. Bitcoin May Have Sprained Its ‘Ankle’, But Altcoins Have Broken Some ‘Bones’ The cryptocurrency market remains on thin ice, as Bitcoin teeters above the ever so important level of support at $5,800, […] The post A Thin Ice Market — Altcoins Bleed Out appeared first on Ethereum World News.

2018-8-14 23:04


дальше еще 67 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.