Bitcoin Drops 3 Percent in 10 Minutes, Ethereum Plunges 12 Percent

That might seem highly unlikely. “However, enthusiasm for Ethereum decreased during the same period as companies increasingly use their own individual blockchains to launch tokens instead of Ethereum”. That’s still about a 2,000 per cent advance from the end of 2016.

That prediction came true by the spring of 2017. Towards, the end of a year ago, Bitcoin prices rallied all the way to the Dollars 20,000 area and then nosedived to the USD 7000 within a month. The prices broke out from the first support level traced at $6992.5 and are now testing the support at $6917.7. The price began the current year in the upper $200 range, reaching $283.29 on September 10, 2017.

Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the United States dollar.

The next few days will show investors a lot about Bitcoin price action. The investigation also determined the level of popularity of 15 other cryptocurrencies, besides BTC. “Even if it’s incorrect, it must be enough to cause a minor selloff like this in cryptocurrencies”.

Bitcoin has been the top-performing currency in the world in six of the past seven years.

The values of cryptocurrencies such as Bitcoin and Ether are plummeting again and-as is sometimes but not always the case-the reason is pretty clear. It seems like more lows are coming in its way as it sets the price of $222 billion which is lower than yesterday’s $240 billion high.

The impact of this price crash was felt not only in the cryptocurrency markets, but also by the associated businesses which deal in cryptocurrencies or cryptocurrency related products. The currency started off with a price of $289 but fell to $256 at its lowest.

“This logic used by the SEC needn’t just apply to bitcoin”. He predicted Ethereum will fall below $100. “There are so many great SME-based investments that have superb tax incentives to build a portfolio upon, but they are undersold against the allure of Bitcoin and other cryptocurrencies as a viable investment for the first-time investor”, he concludes. The outlet’s unnamed sources claim it now ran into a “regulatory roadblock”, without adding more details.

Nick Spanos, founder of Zap.org and the Bitcoin Centre NYC, said: “Bitcoin has a stellar year ahead [2018]”.

What’s more, the study reveals that half of these individuals say they have plans of buying bitcoin.