Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
There has not been too much to cheer about for Bitcoin and cryptocurrency users in the past few days, and even the few weeks preceding the most recent drop in price across the market. Bitcoin had been trading mostly sideways, struggling to make any ground above the $10,000 market before it seddenly fell by $2,000.
Last weeks dramatic drop was a tough one to take for the market as it had been growing and expanding through what was known as the cryptocurrency spring of early 2019. After the Spring, many were hoping for a summer where Bitocin’s price would catapult towards it's all time high of $20,000, and even higher.
However, the coin only ever reached the higher stages of $13,000 before slumping back down and then falling sharply to hover around $8,000. But, today, there is better news as the price of Bitcoin has pushed off the $8,000 floor, reaching as high as $8,484 before settling just below $8,400 at time of publishing.
This climb has seen Bitcoin show gains of over five percent for the day and is leading the rest of the cryptocurrency market which is showing a lot of green. This bounce back may not be significant, but it is at least a sign that perhaps the collapse has ended after Bitcoin stabilised near $8,000.
The recent dip in Bitcoin’s price, a steep one that shed 20 percent of the value of the coin, has not been seen for some time and it came at a strange time too. Bitcoin’s price fell under the $10,000 mark on the same day that institutionalised Bitcoin futures contracts were launched by Bakkt.
The Bakkt launch was supposed to be a turning point for Bitcoin and another chance for traditional investors to get involved in the cryptocurrency with their physically settled contracts. However, the launch of these contracts did not have the desired effect on the market.
JP Morgan analysts have now said that they believe it is the Bitcoin futures that are to blame for Bitcoin;s recent fall in price and that the launch of Bakkt could well have been a catalysing force.
While Bitcoin has had a decent recovery and is looking a lot better for its small gain, there has also been some good news for altcoins which have mirrored the major cryptocurrency. Tuesday’s big fall hot altcoins probably even harder than it affects Bitcoin, but now their recovery also looks a lot better.
EOS and TRON are both seeing gains of over seven percent, while Tezos, also in the top 20 altcoins, can also boast a seven percent increase over the last 24 hours. The biggest gainer in the top 20 however is the 20th ranked coin, NEO, which is up nearly nine percent over the same time period.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
American Lawyer Says ‘XRP Has the Most Attractive Risk/Reward Ratio´
14 minutes ago | CryptoGlobe
OKB price turns green after this deposit/withdrawal announcement by OKX
18 minutes ago | Invezz
Do Kwon Says His ‘Rights Are Being Violated´ – But He Could Be Saved by a Legal Twist
18 minutes ago | Cryptonews
Shiba Inu Price Prediction as SHIB Jumps 8% from Recent Bottom – Where is the Next SHIB Target?
28 minutes ago | Cryptonews
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Bitcoin Price Bounces Back as Crypto Market Sees Green Day
There has not been too much to cheer about for Bitcoin and cryptocurrency users in the past few...
A More Inclusive Financial System with Crypto
Financial institutions drive the world economy. The countries with the full range of financial...
Tezos Integrates Chainlink's Oracle Technology For Smart Contracts
Blockchain platform Tezos (XTZ) has officially announced a partnership with Chainlink, a company...
Rabobank Unveils Their Cryptocurrency Wallet Service
Around the world, major banks and financial institutions have been writing an exacerbated...
China Turns the Debate in Favor of Blockchain Technology
Dubbed the gathering of Liang Hui or “both assemblies”, which commenced in Beijing on March 3rd,...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)