Bitcoin fell below $ 4,000

Bitcoin is Continuing to Fall

Bitcoin is Continuing to Fall

The great cryptocurrency crash of 2018 is heading for its worst week yet. The entire crypto market is at a very tight corner, as nearly all the coins in the market are deep in the red.

The post $63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $100 appeared first on CCN.

The Bitcoin price is now sitting at a 14-month low not seen since September 2017 and is down a whopping 30 percent in just the past week.

Others have cautioned patience, urging investors to view the market's prospects in terms of years and decades.

The cryptocurrency market has experienced a solid short-term corrective rally and with major cryptocurrencies demonstrating oversold conditions, the market is primed to retain its momentum in the days to come.

As per the data obtained from CoinMarketCap, EOS is now trading at $3.27 and has a decline of 8.24% in the 24-hour time frame.

Additionally, the much-awaited release of ICE's Bakkt platform which was scheduled before this year end is now postponed to the end of January next year. BTC can also begin a demonstration of the stability at the low price range.

Copa Libertadores final between Boca Juniors and River Plate called off again
Fan trouble forced to game to be postponed on Saturday - where it was rescheduled for this evening at 5pm local time in Argentina. Fans had already started being allowed into the ground before it was confirmed that no match will be played tonight.

As we hang out with family and friends this holiday season, it's interesting to look back on the Bitcoin mania that we endured one Thanksgiving ago. The currency has descended further and further down to finally hit $3,500 earlier today.

Ripple's XRP is hovering at $0.3760, up over 8.5% on a day-on-day basis.

On Saturday evening, the value of the largest digital currency in the world by market cap declined below $4,000 to about $3,900.

Offering an even more positive outlook, Wall Street's Tom Lee stands by his (amended) prediction that bitcoin will touch $15,000 by the end of the year.

At $3,456, BTC is down 82.2 percent from its all-time high at $19,500.

The decline in hash power comes primarily from miners who are now operating at a loss. As the crypto market is experiencing heavy losses, the cryptocurrency miners finding it extremely strenuous to match their revenues against the cost of the mining. He stated that as major cryptocurrencies like Bitcoin drop in value, the price of gold rises.

Pompliano added that more investors need to "become familiar with the technology and investment opportunities" in the crypto sector - before they begin to feel comfortable investing in digital tokens.

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