Markets slump again as BTC drops below $9,000
All major currencies were down, with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend.
All major currencies were down, with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend.
Citing the Howey Test, former Commodity Futures Trading Commission chief Gary Gensler said Ethereum and Ripple tokens could be “operating outside of U.S. laws.”
Thursday could have been the defining point in the end of the three-month bear market for cryptocurrencies as a huge revival pushed the price of SegWit-Coin BTC up of around 18% in just 30 minutes.
XRP has been consistently touted as a "crucial link" between banks and the innovative cryptocurrency market, but the coin is reportedly struggling to get listed on two major exchanges in the United States.
All cryptocurrencies suffered considerable losses over the past few days, with several of the top 10 coins by market cap declining 20% or more.
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
Ripple Labs Inc. is currently involved in a duel with R3 Holdco over who actually owns the XRP cryptocurrency.