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 to tread water in a rut of $14,000 to $15,000 per single coin, as the rest of the cryptocurrency market also slumbered.
Most of the popular digital currencies were slightly down this morning, with Cardano and EOS both taking double digit leaps upward as the outliers.
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,
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 prices continued to creep up, but the real story was the explosive growth in other digital currencies.
While bitcoin rose slightly, topping out at the $16,000 per single coin level on at least one exchange, ether and Ripple XRP continued to explode.
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,
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.