Bitcoin’s brief rally made a U-turn today, sending the legacy digital currency’s price back under the $7,000 mark. The single-coin price had been surging over the last two days, renewing hopes that a sustained market rally was in the works. Those hopes were dashed overnight,
Good news in the market gave bitcoin and other cryptocurrencies a bounce today, as the markets responded to investment news from Japan.
Online broker Monex is considering acquiring Coincheck, the exchange that suffered a massive hack earlier this year. The confidence of the big player gave hope to those seeking a bitcoin turnaround and sustained rally from its current $7,400 level per single coin.
Bitcoin and other cryptocurrencies may have found a bottom. After diving as low as $6,500 per single coin over the weekend, bitcoin rebounded today to once again top $7,000.
The rest of the market, which also was losing huge chunks of value late last week,
Bitcoin plunged below $7,000 today, an ominous sign in an extremely bearish cryptocurrency market. At mid-morning, bitcoin sat at $6,700 per single coin, down nearly 10 percent from yesterday.
The rest of the market was in free-fall as well. Ethereum is now below $400,
Nervous times for cryptocurrency investors today, as the markets took a sharp turn downward after several days in a narrow range. As of mid-morning, bitcoin was at $7,500 per single coin, near its low point of the year.
The rest of the market also headed south,
Bitcoin and other cryptocurrencies continued in a holding pattern today in advance of the holiday weekend, as momentum remains unclear on the upside/downside of the market.
So far, the impact of such developments as the Twitter advertising ban, the continued warnings from regulators,
Investors were picking through the rubble of the cryptocurrency price meltdown of the last few days, maintaining bitcoin and other coins at relatively the same price points.
Bitcoin was sideways, bouncing between $8,100 to $8,200 per single coin, while the rest of the market mimicked the lack of action.
The cryptocurrency market is in retreat, led by bitcoin’s $1000 plunge since late last week. At mid-morning, bitcoin was down to the $8,100 level after a weekend sell-off.
The rest of the market followed, retreating five to ten percent this morning. The up-and-down continues digital currency’s rocky 2018 start,
Strange news from Japan and further rumblings of regulators sent bitcoin back down to the $8,400 level at mid-morning. The cryptocurrency had rallied as high as the $9,100 level, but retreated as questions arose on Binance’s status with Japanese regulators.
Downward momentum carried over to the rest of the digital currency markets,
Bitcoin sustained its rally today, as the legacy cryptocurrency hit a high of $9,100 per single coin by mid-morning. The drive sustained its climb out of the depths from last weekend, when it plunged as low as $7,300.
One down note – momentum is fragile right now,