Bitcoin is like the boxer who can’t be knocked out – just when you think they’re down, they rise to fight again. And so it was today, as yesterday’s plunge yielded to today’s rise to the $9,400 level, a nearly five percent gain over the last 24 hours.
Ethereum continues to melt down. This week, ETH hit $450 per token, its lowest point of the year and a severe drop from its high-water mark of just over $1,300.
While all cryptocurrencies have suffered price drops since December, ethereum’s has been particularly hit,
Volatility is in the air, as bitcoin and other cryptocurrencies see-saw, with the arrows trending downward. At mid-morning, bitcoin was at the $9,300 per single coin level, continuing its meltdown from near $12,000.
The rest of the markets continued yesterday’s red arrows, with most coins losing.
A bad day for bitcoin and other cryptocurrencies arrived, as a big pullback saw prices drop nearly 10 percent among major coins.
Bitcoin continued its plunge from near the $12,000 mark. At mid-morning, it sat at the $9,800 level, its first trip below the magic $10,000 mark in a week.
Cryptocurrency prices are creeping back up, but the rally is a quiet one to date. Today showed green arrows for all of the top 20 digital currency coins, with most making gains from five to ten percent.
Bitcoin continued its rebound, climbing to $8,600 per single coin as of mid-morning.
Bitcoin had a rollercoaster 24 hours, dipping below the $6,000 mark on at least one exchange before heading back up to its mid-morning price just above $7,000 per single coin.
Some faint signs of life in the markets happened this morning, as most coins appeared to stabilize after a 24-hour period where many lost 20 percent to 30 percent or more of value.
Like an ice cube in the sun, prices on virtually all cryptocurrencies continued to melt today. A brief weekend rally proved to be a dead cat bounce, and the relentless plunge continued this morning, bringing bad news, red arrows, and questions about where this all finds a floor.
The cryptocurrencies markets have lost a combined $100 million in value over the last month, and bitcoin has dropped more than half its value.
Capitulation seems to be Friday’s theme, as bitcoin dipped as low as $7,500 on at least one exchange. ETH was back under $1,000,
Bitcoin’s brief weekend rally was wiped out today, as investors continued to pummel cryptocurrency markets. As of mid-morning, bitcoin stood at $10,600 per single coin, down slightly more than seven percent over the last 24 hours.
Other cryptocurrencies reacted accordingly. Ethereum’s ETH was back below the magic $1,000 level,
Bitcoin and other cryptocurrencies climbed out of Friday’s price lull in the markets, moving up double-digits in most cases as of mid-morning on Saturday.
Bitcoin was as high as $13,626 on at least one exchange, up significantly from the $11,000 level yesterday. Other cryptocurrencies also rallied,