Blockchain 

Bitcoin Price Experiences Second Largest 24-Hour Drop of 2019

Bitcoin price has suffered its second-largest drop in a 24-hour period in 2019. Currently, the price is approximately $9,632 USD per coin, but across the day, its movement has been constant. The world’s largest cryptocurrency by market value closed yesterday at $9,412.81 on Bitstamp; down 13.25% from its opening price of $10,848. This is the second-largest single-day drop for the coin in 2019. The first was a 13.67% drop that occurred on June 27th. Bitcoin Price Drop Speculation for why the drop has occurred is rife. Many are citing the growing calls…

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Blockchain 

DASH Losing Ground as Short Term Momentum Turns Bearish

Dash (DASH) is down by more than 40% over the past month, on the broader cryptocurrency sector turning bearish.  Similarly, Bitcoin (BTC) has also come under pressure in recent trading sessions. The flagship cryptocurrency has already slid below the $10,000 mark after a spike to highs of $13,000 early in the month. Comparing Payments Processes Dash has continued to edge lower even as its CEO, Ryan Taylor, reiterates that Bitcoin is flawed as a payment solution compared to Dash. According to Taylor, his cryptocurrency is well-positioned to address all the…

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Blockchain 

Litecoin (LTC) Corrects 35% From 52-Week High, What’s Next?

2019 has been an excellent year for cryptocurrencies, with most tokens having gained considerably from their lows of 2018. However, the month of July has not been kind at all as statements from key figures like the United States President and the head of the Federal Reserve have wrecked the market over the past seven days. In that regard, Litecoin (LTC) has not been able to escape the carnage either and has lost some of its value during this period. That being said, there is, at last, some good news…

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Blockchain 

Bitcoin (BTC) Slumps 27% This Month

One of the biggest stories of the year has been the roaring comeback made by Bitcoin after it went through a disappointing year in 2018. Throughout the first half of the year, the cryptocurrency made hefty gains. However, the month of July has been a bit of a bumpy ride for Bitcoin as a range of factors has affected the price. The past week has been particularly painful for the cryptocurrency. Over the course of the past seven days, the cryptocurrency has slumped by as much as 27%, and now,…

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Blockchain 

Trump Attacks Bitcoin | Is the Digital Coin Immune to His Influence?

When President Donald Trump attacks Bitcoin, what do you expect happens? The coin’s price falls, right? Maybe not so. Last week, Trump attacked Bitcoin on Twitter, and that same day, the coin’s price climbed a little further. Okay, it didn’t exactly shoot for the moon, but it did prove its resilience by climbing and not tanking. The next day, however, the coin began to fall. Trump Attacks Bitcoin But this is interesting because usually when Trump attacks any market or business, the market reacts negatively instantly—such is his power. We’ve seen…

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Blockchain 

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Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.…

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Blockchain 

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Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.…

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Blockchain 

Huobi Tokens | Huobi Group Buys Back 14 Million HT Tokens

Huobi has withdrawn 14 million Huobi Tokens (HT) from the open market. The move is part of the cryptocurrency exchange’s plan that seeks to stabilize the altcoin price as well as create new incentives for users by curbing inflation. An Ethereum address is to store the withdrawn tokens expected to form a reverse fund. By slashing down 14 million tokens, the exchange has essentially reduced the supply of tokens from their initial supply of 310 million coins. The reduction comes at a time when the altcoin has picked up some pace,…

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Blockchain 

Bitcoin Could Rebound if Facebook’s Libra Hearing Goes Well

2019 has been an excellent year for Bitcoin (BTC) after the poor year in 2018 had instigated many to write off the cryptocurrency, and by extension, the crypto space altogether. The cryptocurrency went on a highly impressive run this year and almost replicated the sort of rally that it had enjoyed back in 2017. However, the past few weeks have not been particularly great for a variety of reasons, but the biggest issue is the one related to Facebook’s cryptocurrency Libra. The company’s plans to launch its own cryptocurrency at…

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