Based on the current pace that Bitcoin had acquired over the last few weeks, the final report for December is not looking flattering as the reports are indicating that Bitcoin won't be able to break the resistance of 6,000$, ending 2018 at the new low of 5,300$. Meanwhile, Ethereum is down 87pc from its all-time high, according to cryptocurrency news site CCN.
Another "flippening" has occured in the top 5 of the cryptocurrency market on Tuesday.
Others blamed fears that last week's "hard fork" in bitcoin cash, where a software upgrade split the fourth-biggest coin into two separate currencies, could destabilise others.
The still-nascent sector is not completely transparent and analysts have struggled to understand what precisely prompted the latest drop.
For example, digital assets such as Monero (XMR), Tron (TRX), Dash, Iota and Binance Coin (BNB) have recorded an average daily drop of around 16pc. While most other cryptocurrencies have gone on to form new lows with today's latest drop, the value of XRP has held better than most altcoins, now trading around $0.50.
Bitcoin Atom (BCA) traded up 2.6% against the dollar and now trades at $0.23 or 0.00004060 BTC. "A lot of people have lost interest", said Fawad Razaqzada, an analyst at Forex.com. However, Bitcoin still accounts for about 53% of the total cryptocurrency market capitalization. But while many of its rivals experienced sharp drops, Ethereum saw its price tumbling down in a much more gradual manner.
Market Update: Amid all the shackles of bitcoin plunge, the market has witnessed a lining of good news that the world's first crypto exchange traded fund (ETF) has been granted to Amun AG, FxStreet reported and the ETF will trade on SIX Swiss Exchange from next week onward.
Nearly two weeks ago, the average market value of crypto assets was valued at $220 billion, and the Bitcoin community made a decision to upgrade Bitcoin's code, commonly known as "Hard Fork".
XRP, on the other hand, is showing very high stability in comparison to other cryptocurrencies. Monday's plunge extends a frightful week for the world’s number one cryptocurrency which has seen it drop to a low not seen since late 2017, just prior to the burst in prices that saw Bitcoin come close to US$20,000 per coin before collapsing rapidly.
The president also never fails to mention that Saudi Arabia is a U.S. ally - called it a "spectacular ally" on Saturday. Earlier today, the State Department also issued a statement casting doubt on the CIA's findings as reported by WaPo.
McSally's attacks on Sinema reached back more than 15 years to when Sinema was a Green Party spokeswoman and liberal activist. McSally lost her first race in Arizona's 2nd congressional district in 2012 when she was narrowly defeated by Democratic Rep.
The Israel Defense Forces (IDF) said a member of the special unit involved was killed and another was lightly wounded. What prompted this escalation was a gunfight between Israeli commandos and Hamas fighters near Khan Yunis in Gaza .
The person wasn't authorized to speak publicly about the meeting and spoke to The Associated Press on condition of anonymity. Though he spent hours with his lawyers, Mr Trump insisted: "My lawyers don't write answers, I write answers".
Jenner has marked herself as safe amid the fires, but revealed the fate of her home is "up in the air". "I pray everyone is safe". Kardashian West has since addressed the report on Twitter , but seems unsure of the exact nature of the situation.
Amazon has confirmed that it will split its much-anticipated second headquarters between New York City and Arlington, Virginia . Amazon hopes to invest $230 million Dollars (roughly $304 million CAD) to create approximately 5,000 jobs in the region.
The sources also told the Post they do not believe Whitaker would approve any subpoena of Trump as part of that probe. Graham at the time said: "Any effort to go after Mueller could be the beginning of the end of the Trump presidency".
Desai landed in Kochi airport in an Indigo flight at 4.45 am on Friday, on her to way to visit the Sabarimala temple . She extended her gratitude to the media organizations for supporting her during her fight for gender equality.
Neil Young shared that he lost his house in the California wildfire in a post on his website about climate change . In southern California, the Woolsey Fire has scorched at least 35,000ha and destroyed 177 structures.
The White House claimed Acosta "placed his hand" on the female intern while she tried to get the microphone. The hashtag #1A is a reference to the first amendment, which guarantees freedom of the press.
God of War plummets to £21 for Black Friday
The retailer has stacked an Xbox One X bundled with the latest November released Battlefield V at just United States dollars 430. While the Xbox One is a bit behind the PlayStation 4 in sales, it's still one of the best home-theater devices on the market.