Bitcoin Dominance Hits 3-Month High as Crypto Market Limps into 2019

Bitcoin’s share of total cryptocurrency market capitalisation is at its highest point in three months, currently standing at about 55.14 percent according to data from CoinMarketCap. Bitcoin Dominance Surges amid Crypto Price Panic The next four high volume cryptocurrencies in order of market volume are XRP with 11.14 percent, ethereum with 8.55 percent, bitcoin cash with 1.65 percent, and litecoin with 1.33 percent. The data confirms a frequently-observed pattern where crypto investors whose holdings are taking a beating choose to dump their altcoin holdings and retreat into the relative safety…

Is Bitcoin Heading for $3,000? Potential Factors for a Market Recovery

After watching the price of Bitcoin going through its roughest month for seven whole years, many in the space appear to be bracing themselves for a more brutal “crypto winter” than they ever thought possible. One market analyst believes that we could be about to drop further to a new yearly low of $3,000. That said, there has been very little in the way of negative news surrounding the number one digital asset. In fact, Bitcoin’s surrounding infrastructure has never looked better. Despite the lulls, such factors continue to inspire…

Crypto News | EOS Surges and Ripple Exec Not Phased by Bull Market

In today’s edition of crypto news, we’ll cover why EOS is surging and the details behind why a Ripple executive isn’t phased by the current crypto bear market. EOS Surges as Other Coins Fall EOS is currently leading the top 40 cryptocurrencies for total market gains this weekend. The world’s seventh-largest cryptocurrency project has received a wave of criticism as of late for its lack of decentralization. This weekend, EOS jumped up more than 16%. At this time, it remains unclear why the coin surged so much. Coinbase is exploring the…

Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Bitcoin is not far from a critical loss of investor confidence that will lead to the market hemorrhaging vast amounts of value as nervous investors dump their holdings. This is the opinion of Chris Beauchamp, an analyst at the online trading platform IG. Speaking to the Financial Times, Beauchamp stated that the crypto market leader is heading for a “capitulation moment” when a critical mass of investors…

Bloodbath in US Stock Market Likely, Bitcoin a Good Long-Term Bet

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Student loans, credit card debt, mortgage, corporate loans, and all kinds of debt are placing huge pressure on the U.S. stock market. Over the long-term, Mark Yusko believes emerging markets and Bitcoin are viable long-term bets for investors. On CNBC’s Fast Money, Morgan Creek Capital Management CEO and chief investment officer Mark Yusko expressed his concerns towards the “melting” stock market of the U.S. and warned…

Crypto Market Recovers, TRON Surges 33%

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Within the past 24 hours, the crypto market has added $19 billion to its valuation as the price of Bitcoin (BTC) surged to $4,300. After dropping to the low $3,000 region, Bitcoin engaged in an unexpected price rally, rising by more than 15 percent on a single day. The newly established momentum of Bitcoin allowed the rest of the cryptocurrency market to recover. Major digital assets…

Stellar, Litecoin, Monero, & Zcash Headline Major Crypto Market Rally

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero jumped nearly 16%, and Zcash was hot on its heels. Stellar…

Nasdaq to Launch Bitcoin Futures Market, Not Worried by Crypto Winter

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. The report read: “Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps…

Bitcoin Price Drops 7% Again as Crypto Market Struggles to Retain Momentum

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Throughout the past 24 hours, the price of Bitcoin (BTC) dropped from $4,065 to $3,600, reversing a short-term corrective rally. The dominant cryptocurrency has been on a steep downtrend for several weeks but on November 26, for a brief of time, Bitcoin seemed to be initiating a corrective rally after reaching a new yearly low at around $3,400. Temporarily, Bitcoin spiked to $4,000, engaging in a…

Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Monday continued its crash course despite showing gains during the early Asian trading session. The digital currency attempted a go at its yearly low at ~$3,455 after reversing from its intraday peak at $4,115. That overall marked a circa 14 percent crash, setting standards for a further bearish action. The BTC/USD index at press time is trading at 3581-fiat, eyeing potential support…