Skip to main content

Bitcoin and almost all other altcoins crashed hard today


If you have observed only Bitcoin crashing hard today, let us prove you wrong as almost every other major cryptocurrency has seen a drop-off today. In the past couple of months, Bitcoin is continuously seeing a surge in price, where it reached $19,000 from $6,000 only. However, during the recent hours, Bitcoin’s price dipped down to $12,000, however, it is currently trading at $13,600, as of writing.


The extreme drop down of $4000 in the value of the Bitcoin is the highest recorded value loss during the year 2017. Well, today’s drop-off is not just limited to the king of cryptocurrencies, it has affected several other altcoins. According to the Coinmarketcap, Ethereum observed a drop down of 20%, Bitcoin Cash has gone 30% below, Lite coin went below by 21%, and almost every other high-profile altcoin observed a down in the past 24 hours.
According to a tweet by a TechCrunch’s author Jon Russell,
Jon Russell ✔@jonrussell
Bitcoin isn’t the only crypto plunging, all but two of the most valuable 100 coins are down in value over the last 24 hours https://coinmarketcap.com/ 
1:39 PM - Dec 22, 2017
Twitter Ads info and privacy
Well, luckily some cryptocurrencies have been successful to survive this stroke. Ripple has been observed to a slight growth of 7%, and it has crossed historic $1 barrier for the first time. The Coinmarketcap data also reveals that only one of every two coins have remained green over the past day.
What’s causing this extreme disruption in cryptocurrency’s value still needed to be explored? As nobody knows exactly why Bitcoin’s price has boosted up by 1700% in a single year, so it also remains a mystery that why these cryptocurrencies are facing this downfall.
As the Goldman Sach is preparing to trade Bitcoin and other cryptocurrencies in next year, so we are most likely to see an increase in prices in 2018. Meanwhile, the CBOE and CME have already announced trading in cryptocurrencies, so the future appears to be bright.

Comments

Post a Comment

Popular posts from this blog

This startup is pairing the blockchain with farming

Ripe, a blockchain startup, is  showcasing  how the distributed ledger technology can be applied to farming and provide companies with important data on crops and throughout the supply chain. By combining a blockchain with purpose-built scanners and specialized sensors, the company is able to provide critical data that is easily communicated to partners, demonstrating why  blockchain is growing more popular  as a tool to be leveraged as part of an IoT solution. Blockchain is a key tool for the IoT because of how it combines data storage and communication in a trusted medium. A blockchain is a shared, distributed database  that acts as an immutable ledger, recording entries and verifying them across a number of independent participants. Once an entry is made, it’s marked with a unique hash code that places it sequentially in the ledger. In agriculture, this means that farmers can use sensors and handheld devices to gather data about crops like tomatoes...
Post a Comment
Read more

Honda Launches the CR-V SUV in Pakistan

The 2018 Honda CR-V has been launched in Pakistan and it looks charming. Honda has finally launched the 2018 Honda CR-V in Pakistan. This Sports Utility Vehicle (SUV) has proven to be pretty popular around the world with an average of 300,000 units sold annually. In Pakistan, the Honda CR-V is gaining the popularity and attention of local auto enthusiasts. Honda CR-V 2018 was recognized as ‘2018 Motor Trend SUV of the year’ recently as well. The international model of CR-V has these four variants: Honda CR-V LX (Standard), Honda CR-V EX, Honda CR-V EX-L, Honda CR-V Touring. The CR-V offers pretty great features when you look at it. Let's take a look at what Honda Compact Recreational Vehicle (CR-V) has to offer. Exterior Because of its shiny new sporty-looking exterior, the vehicle is placed in small sports utility vehicle’s category. The exterior, no doubt, makes you want to look twice as some modifications to the previous model have been made. ...
Post a Comment
Read more

Samsung Launches Mid-Range Galaxy Wide 3

HANDSETS Check out Samsung’s new low-mid segment smartphone, the Galaxy Wide 3 with 3300 mAh battery and a 5.5-inch display. Samsung unveiled Galaxy Wide 3 for the South Korean market featuring low-mid specifications, and a design much similar to the well-known Galaxy J series. It does not follow the sweet bezel-less display trend, albeit comes with decent specifications for all those Samsung fans out there. Design & Display As you’d expect, the design is fairly simple with large bezels that house Samsung’s signature hardware button configuration, with the company’s latest icons for the back and menu button. The volume rocker looks modern and is housed on the left edge of the phone. The display is a 5.5-inch HD (720 x 1280) unit, an IPS LCD, with no edge-to-edge aesthetic. Huawei Unveils 8e Youth With a Tall Display & Android Oreo For Cheap Hardware & Storage The Galaxy Wide 3 is powered by Samsung’s Exynos 7870, octa-core, clocked at 1.6 G...
Post a Comment
Read more