Bitcoin extends slide below $4500, new 2018 low

Cryptocurrencies hit one-year lows amid ongoing Bitcoin Cash schism

Cryptocurrencies hit one-year lows amid ongoing Bitcoin Cash schism

As of this writing, the most popular cryptocurrency has dipped below the $5000 mark for the first time in 13 months.

At this point, BTC is set at the price of 4,480$, which is the lowest price that the first crypto had seen since summer of 2017 before it was able to spike towards its all-time high.

Bitcoin Cash is seeing some of the largest losses across top 20 coins at press time, down 4.29 percent, and trading around $385 at press time, according to CoinMarketCap. According to data shared by Mati Greenspan, a senior analyst at eToro, the platform's users have been stockpiling XRP. XRP is now the second most valuable virtual currency by market capitalization.

After yesterday's widespread market carnage, Bitcoin has continued to drop and is showing little sign of a pending recovery. European shares fell as poor retail results and weakness in Apple Inc dragged down Wall Street. In 2014, for example, the price of Bitcoin plummeted by over 80 percent.

Traders and market makers blamed bitcoin's slide on heavy selling at leveraged exchanges in Asia such as Hong Kong-based OKEx and Bitmex.

Both BNB and Bitcoin have shown a relatively high level of stability throughout the past several months, especially from July to November.

Average rental price and vacancy rates for Canadian cities released
"This factor, combined with the growth in youth employment and the aging of the population, drove up demand for rental housing". The CMHC said Calgary's vacancy rate dropped to 3.9 per cent in October, down from 6.3 per cent a year earlier.

X2 (CURRENCY:X2) traded flat against the dollar during the 1 day period ending at 16:00 PM Eastern on November 6th.

"Folks who are risking 100X type of leverage, it's really hard to think of that as an investment it's a casino mentality".

Why has bitcoin prices fallen? Bitcoin Cash was hit particularly hard after the Bitcoin Cash Hard Fork became a thorny issue. Still, the fact of the matter is that Fast Money is touting its bearish forecast, which some see, in a testament to NewsBTC's previous reports on the "CNBC Contrarian Bitcoin Indicator", as a bullish signal.

Bitcoin has been the top-performing currency in the world in six of the past seven years. When one cryptocurrency falls, others tend to fall as well. There's a risk that technical disagreements or personality conflicts within other major blockchain networks could lead to similar splits, harming the long-term value of their cryptocurrencies.

Cryptocurrency advocates say bitcoin is still young and price volatility is to be expected. The adoption of XRP in the banking sector is increasing weekly, but XRP must be equally introduced as a base trading pair on many crypto exchanges for XRP to replace Bitcoin in the long run. "A lot of people have lost interest", said Fawad Razaqzada, an analyst at Forex.com.

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