Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 20 August 06:32 (GMT -05:00)



Foreign exchange market

Bitcoin Exchange Rate Drops Below $9000


Earlier today, the BTC exchange rate continued its way down to new local lows. In particular, it temporarily dove below the psychological threshold of 9000 dollars per 1 BTC. According to Coinmarketcap, the current local low is 8720 USD/BTC.

 
As I'm typing this, the exchange rate is 8780 USD/BTC. At the same time, NordFX experts report that the world's first and most expensive cryptocurrency has already lost over 13% of its value over the last 24 hours.
 
According to Valery Smahl, Chief Editor of Happy Coin Club, the entire cryptocurrency market gets instantly washed away as soon as something bad or strange starts happening to Bitcoin. Indeed, all the TOP 30 cryptocurrencies in terms of market capitalization instantly followed Bitcoin. Some of them lost even more than Bitcoin. For instance, Ethereum lost 15,7%, Ripple -  24,19%, Bitcoin Cash - 19,38%, а Cardano - 29,61%.
 
Earlier this morning, Bitcoin saw its market cap drop down to 147,8 billion dollars. This is just 50% of the record-high market cap seen in 2017.
 
There is another interesting fact to keep in mind. the thing is, Bitcoin's market share in the global cryptocurrency market keeps on going down. In January, Bitcoin's market share dropped to the lowest level in history - 32,6%. For the sake of comparison, in March 2017, Bitcoin used to have at least 70% of the market or even more. This is when the market share peaked and has been going down ever since.
 
Apparently, apart from being rather expensive, Bitcoin has seen a lot of new rivals over the last few months. In late 2017, there were slightly over 1100 cryptocurrencies registered with online exchanges, now there are over 1500 of them.
 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Bitcoin May Continue Downtrend

The bearish market bias has been setting in for a while. This started shortly after the SEC decided to delay their decision on the Bitcoin ETFs for such companies as VanEck and SolidX. This is confirmed by ForkLog. 

Publication date: 09 August 11:43 AM

Philip Nunn Predicts $60K for Bitcoin in Late 2018

According to Philip Nunn, CEO of Blackmore Group and Wealth Chain Group, the BTC exchange rate is likely to skyrocket all the way up to 60000 USD/BTC.

Publication date: 09 August 10:38 AM

Bitcoin lost 7% in 24 hours

The Bitcoin exchange rate has gone down by 7% over the last 24 hours. In particular, the exchange rate dropped down to 7500USd/BTC.

Publication date: 01 August 10:56 AM

Panic Around Winklevoss Brothers Hasn't Dropped Bitcoin Below $8000

For those of you who don't know, the SEC has recently declined the Winklevoss Brothers' request to create an exchange-traded fund (ETF). Shortly after the news, some cryptocurrency investors started panicking. At the same time, some experts started predicting another downtrend in the global market of cryptocurrencies in general and Bitcoin in particular.

Publication date: 30 July 12:30 PM

Bitcoin Gained Over $1000 In a Week. The Uptrend Is Still Underway.

After a couple of months of stagnation, the cryptocurrency market seems to start recovering and regaining the lost ground. Over the last couple of weeks, the BTC exchange rate increased by more than 1000 dollars. Other popular cryptocurrencies followed.

Publication date: 26 July 01:24 PM

Most ICOs Eventually Fail

Most ICOs out there end up with nothing for the ambitious project starting them as well as their investors seeking quick yet stunning returns on their investments. This is confirmed by the survey conducted by the University of Boston, Bloomberg reports.

Publication date: 23 July 10:05 AM

Bitcoin Gets Cheaper on News about Hacking Swiss Cryptocurrency Exchange Bancor

On July 11th, Bitcoin and other altcoins continued their downtrend started on Monday. International experts say that the biggest reason for that is the news on hacking a Swiss crypto exchange known as Bancor. In particular, they say, the hackers stole 23,5 million dollars in crypto coins.

Publication date: 12 July 11:32 AM

Bitcoin Rate Reaches 6700 USD/BTC

At the end of the trading week, the BTC exchange rate reached 6700 USD/BTC. The entire cryptocurrency market showed confident growth as well.

Publication date: 08 July 07:56 AM

This week Bitcoin may raise to 7000 USD/BTC

 This week, Bitcoin may grow in value all the way up to 7000 USD/BTC, some experts say. As you probably know, the past trading week wasn’t successful for the world’s first cryptocurrency, as well as for the rest of the crypto market. 

Publication date: 25 June 10:41 AM

UK to Start Litcoin Futures Trading

Starting from tomorrow, international investors will be limited only to buying Bitcoin futures. The thing is, on June 22nd, a UK-based crypto futures platform named Crypto Facilities launches Litecoin futures.
 
Publication date: 21 June 01:06 PM