A massive sell-off reminiscent of the pre-Christmas crash is underway this morning, as bitcoin and almost every other form of cryptocurrency is heading down. A board filled with red arrows saw legacy bitcoin at $11,400 per single coin this morning, down from just above $14,000 yesterday.
The digital currency markets cooled today, as crackdown news from South Korea and, perhaps, some profit-taking contributed to a slight decline.
At mid-morning, bitcoin stool in the high $13,000 per single coin range, down from the $15,000 levels on Wednesday. That dragged down everything else,
Mid-week’s hump saw another day of little movement on bitcoin prices. The high topped out at slightly over $15,000 per single coin, dipping back below that level this morning.
The money not going to legacy bitcoin’s BTC appears to be finding a home at Bitcoin Cash,
It’s a recovery day, as the cryptocurrency markets stabilized after a steep plunge to start the week. Bitcoin was essentially sideways, moving little off its $15,000 base, while most other coins had little action.
The outlier was ethereum. In what some are calling “ether madness,”
Cryptocurrency markets were in retreat today, as bitcoin surrendered more than 20 percent from last week’s high. It was sitting in the $14,000 per single coin range this morning, dragging down the rest of the digital currency market.
Ripple XRP is now in full retreat,
UPDATE: Ripple XRP exploded past the magic $2 mark today, surpassing ETH as the second-largest cryptocurrency by market cap. As of 3 p.m. Pacific time, XRP is at $2.14, an incredible 48 percent increase in the last 24 hours.
Rumors that XRP may soon be listed for buying and selling on Coinbase and/or strike deals with Amazon or other huge e-commerce retailers is fueling the incredible rise.
Bitcoin prices continued to stay in a well-worn trench today. Although single coin prices were down slightly, they are still within the $14,000-$16,000 range that has maintained since the big pre-Christmas crash.
As per usual, most of the other cryptocurrencies were also down today,
Bitcoin moved sideways today, holding in the $16,000 per single coin range after a minor rally. Most cryptocurrencies were down this morning, reflecting the uncertainty in the market, as investors hold a finger in the air to see which way sentiments are blowing.
The outlier on the day was Ripple XRP,
The bitcoin comeback from its sudden retreat last week continued this morning, although the see-saw action seems to change every day. Christmas morning was good news, as bitcoin’s single-coin price was up seven percent, holding just over the $14,000 per single coin level.
‘Tis the season to be jolly – unless you have a substantial holding in bitcoin and other cryptocurrencies. In that case, you’re watching as your stake melts like a snowball in the sun.
From a high of $20,000, bitcoin now is at the $13,000 per single coin level,