After severe slump, cryptocurrency market commences recovery
Bitcoin Cash posted a strong recovery rising by as much as 8% for a price of around $690 and it appeared to be well on its way to exceed the $700 mark if the rally persists.
Bitcoin Cash posted a strong recovery rising by as much as 8% for a price of around $690 and it appeared to be well on its way to exceed the $700 mark if the rally persists.
All cryptocurrencies suffered considerable losses over the past few days, with several of the top 10 coins by market cap declining 20% or more.
Ethereum’s omission of a monetary policy has been the cause of backlash within the Ethereum community. Vitalik Buterin’s proposal, while doesn’t imply a policy change by itself, should help to provide some guidance.
The cryptocurrency market experienced a slow decline over the weekend with every currency again in the red and some also dropping to lows not seen since early February.
After a relatively fine three days of recovery in the cryptocurrency markets when most coins went up by around 20% from their 2018 lows, the markets were once again back in deep red.
Bitcoin Cash, which is now rapidly gaining traction, is expected to reach the psychologically significant $1,000 level on Tuesday if the bull run continues.
It was yet another turbulent and largely negative weekend for the vast majority of cryptocurrencies as further selling pressures affected prices all over the board.
Some cryptocurrencies are now at their annual lows—similar to the crash experienced in February—with no end in sight to the downturn as bad news continue to affect investor sentiment.
Bitcoin Cash is holding above the $1,000 mark having dropped below that psychologically significant level several times although there does appear to be some support at that level
After a promising start to the week, Monday afternoon saw another crash in cryptocurrency values once again and everything slumped by around 5-8%.
Bitcoin Cash recovered well from its slump, pushing above the $1,100 mark at one point before retracing slightly.
Plasma Cash is an important component for exchanges, possibly even making them resistant to hacks, according to Vitalik Buterin.