China, Shmyna: Bitcoin Trading Is Way More Distributed Now Anyway

China, Shmyna: Bitcoin Trading Is Way More Distributed Now Anyway

Marc Hochstein is the managing editor for CoinDesk and a former editor-in-chief of American Banker. In this opinion piece, Hochstein takes a quick look at the current state of the bitcoin markets, finding that just because there’s smoke, there’s not necessarily fire. Tl;dr: this ain’t Mt. Gox – and bitcoin survived that, too. With all […]

$11 Billion: 24-Hour Cryptocurrency Trading Volume Hits New Record

$11 Billion: 24-Hour Cryptocurrency Trading Volume Hits New Record

Cryptocurrency trading volume reached a new milestone on Friday, crossing $11 billion for the first time amid regulatory uncertainty in China. Crypto Markets Post Record Volume According to data obtained from CoinMarketCap, the combined 24-hour trading volume of all cryptocurrencies rose to $11.5 billion shortly after 16:00 UTC. The only other time daily trading volume […]

Back at $3,500: Has Bitcoin’s Price Found a Short-Term Bottom?

Back at $3,500: Has Bitcoin’s Price Found a Short-Term Bottom?

The sell-off in the bitcoin-US dollar exchange rate (BTC/USD) appears to have stalled, with prices trading at $3,550 at press time. Over the course of a volatile day, the cryptocurrency fell to a low of $2,980 oversold technical conditions came into play, as we discussed early today. As per CoinMarketCap, the digital currency has lost 2% […]

Bitcoin Price Drops Below $3,500, But Is Relief Rally In Sight?

Bitcoin Price Drops Below $3,500, But Is Relief Rally In Sight?

The bitcoin-US dollar exchange (BTC/USD) rate fell to a fresh four-week low of $3,413 this morning following reports that Shanghai-based bitcoin exchange BTCC will shut down its domestic trading operations effective September 30. As such, the announcement is the latest that supports the rumor regulators are preparing a formal ban on domestic bitcoin exchanges. Long liquidations […]

Correction Not a Crash: Bitcoin Price Eyes $3,000 as Traders Take Profits

Correction Not a Crash: Bitcoin Price Eyes $3,000 as Traders Take Profits

The bitcoin-US dollar exchange rate fell below $4,000 on Tuesday, extending losses in the overnight trade to hit a three-week low of $3,781. At press time, the cryptocurrency is trading at $3,844 levels, which amounts to a 25% drop from the record high of $5,000 hit on September 2. Perhaps more notably, month-on-month, the BTC […]

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout

The bitcoin-US dollar exchange rate (BTC/USD) may have climbed back above $4,000, but it might be ready to push higher even though China uncertainty reigns supreme. Following reports the country’s regulators may be seeking to shut down domestic bitcoin exchanges, the bitcoin price fell to a low of $3,977 on the CoinDesk Bitcoin Price Index (BPI) […]

Litecoin Retreats From All-Time Highs, But Is $100 in Reach?

Litecoin Retreats From All-Time Highs, But Is $100 in Reach?

The litecoin price [LTC to US dollar exchange rate] surged to an all-time high of over $90 on September 1, taking its year-to-date gains above 2,000 percent. But while the cryptocurrency was riding high on technological advances, China’s abrupt ICO ban delivered a blow to momentum. Ethereum, bitcoin, bitcoin cash and so on tanked, and litecoin […]

Heading Up? Ether Prices Consolidate After China’s ICO Crackdown

Heading Up? Ether Prices Consolidate After China’s ICO Crackdown

The ether-US dollar exchange rate (ETH/USD) nosedived on Monday after reports hit the wires that China has officially banned ICOs. Other digital currencies like bitcoin, bitcoin cash and others were dragged lower as well. It’s a notable development for the industry – the world’s number two cryptocurrency is up more than 3,000 percent on the year, […]