UPDATE: As of 2 PM PT/5 PM ET, the cryptocurrency market has begun to climb out of the ditch. Bitcoin is up to $11,375 per single coin, and most of the big board has turned green arrows, with ETH up five percent and Ripple up 20 percent.
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.
Bitcoin continued on its march to nowhere this morning, holding in the $14,000 per single coin range. BTC has been trading in that range for the last week, as a lull has hit the overall market.
Other cryptocurrencies in the market cap top ten were down slightly,
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,”
The digital currency markets have been active today, as the biggest digital currencies have experienced, on average, relatively large fluctuations in price over the past 24 hours.
A notable high volatility outlier was Ethereum, which traded between $930.03 and $1,875.03 today, with an average price of $1215.47.
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,
Bitcoin is surging once again, rising as high as $18,500 in single coin pricing on at least one exchange. The move upward kick-starts what had been a gradual ascent from the pre-Christmas crash.
The legacy crypto’s rise did not translate to other coins.
Bitcoin is clawing back to the levels reached before the pre-Christmas crash, which wiped out about 30 percent of its value. The 2018 upswing continued today, as BTC reached the $15,500 level on at least one exchange.
The big market mover continued to be Ripple XRP,