Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k. Over $100 million BTC unloaded in 24 hoursA few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit. Continue reading: https://coingape.com/btc-price-crosses-8k-after-losing-200/I dont know if this is probable or not. I am analysing the possibilities that such big whales have disposed of their bitcoins with and aim to create a domino effect which in turn will cause panic selling. But it did not happen and that the efforts to crash bitcoins value was unsuccessful. With these we can say that bitcoin is strong at 8k dollars that even if it was hammered with a 50 million dollar worth of bitcoins it still goes back up. yup bitcoin will rise now, but big fluctuations with in the minutes are the result of such whales, which creates panic in the market. |
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Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k. Over $100 million BTC unloaded in 24 hoursA few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit. Continue reading: https://coingape.com/btc-price-crosses-8k-after-losing-200/ |
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After weeks of anticipation and rounds of speculations, Verge finally revealed its mysterious partner, Pornhub. With this collaboration, Pornhub would now accept verge cryptocurrency (XVG) as a form of payment for its premium and on-demand services except recurring subscriptions. The mystery has been finally revealed and it is no other than Pornhub. Yes, that’s are right! After weeks of anticipation and claiming the mysterious partnership to be cryptocurrency world’s biggest partnership ever, today the name was disclosed. Continue Reading: https://coingape.com/verge-cryptocurrency-partnership-with-pornhub/ |
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Price volatility is the most integral factor of the bitcoin. This popular cryptocurrency is prone to sudden and sharp dips and surges. In December 2017, bitcoin was riding at $1,000 that flew high and hit the peak of $20,000 level in mid-December and then dropped down to $13,000 at the end of the year. In 2018, bitcoin took a lot of twists and turns and is right now at $8,109. The entire crypto market has experienced the similar fate of sporadic fall and rises on a day to day basis. However, in spite of bitcoin having a bullish run in the Quarter 1 of 2018, experts believe bitcoin is going to experience a great bull run and reach the heights. The top 5 bitcoin price prediction soaring to a new level See here: https://coingape.com/top-5-bitcoin-price-prediction-2018/ |
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Bitcoin miners basically utilize powerful computers in order to verify the transactions. Usually, there are mining pools which have groups of miners to combine their mining power and be more efficient. However, if someone gets more than 50 percent of network’s mining power, they can use it to manipulate the system as per their personal needs. Continue Reading: https://coingape.com/what-is-51-attack-in-bitcoin-blockchain/ |
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The last date of tax filing in the US is April 17, 2018, which is just a few days away. However, reports suggest that Americans aren’t really feeling paying their crypto taxes as being just 3 days away from the end of tax season and only a small fraction of American residents have actually filed their cryptocurrency tax reports. Continue Reading: https://coingape.com/are-you-paying-your-crypto-taxes/Well the reason possibly is the amount of bitcoin at their disposal. Those who have a huge amount of bitcoin at their possession would likely to pay their taxes while those who have small amount would not even dare to declare it. Eventually for us in Asia we cannot escape taxation since the moment we buy bitcoin and we convert bitcoin into our local fiat currency we are paying already the service fee which part of it goes to the government. that can be the reason, but expectations was high |
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The last date of tax filing in the US is April 17, 2018, which is just a few days away. However, reports suggest that Americans aren’t really feeling paying their crypto taxes as being just 3 days away from the end of tax season and only a small fraction of American residents have actually filed their cryptocurrency tax reports. Continue Reading: https://coingape.com/are-you-paying-your-crypto-taxes/ |
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After announcing the ERC20 tokens support, Coinbase has made a move in that direction by acquiring its small competitor Cipher Browser. Similar to Coinbase’s Toshi, Cipher Browser is a mobile ethereum wallet and a Dapp browser whose team will combine with that of Toshi’s after the acquisition. Continue Reading: https://coingape.com/coinbase-taking-erc20-business-acquires-cipher-browser/ |
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Verge has been everywhere in the news. Currently, it is riding at $0.097263 with a 12.32 percent increase in its prices. It all started when privacy coin first came into the news for crowdfunding through their VergeFam. On March 22, the development team asked its users on Twitter to donate about 75,000,000 XVG in order to close the partnership deal. Verge claims it to be the biggest partnership in the crypto industry till now. Continue Reading: https://coingape.com/what-17th-april-holds-for-verge-xvg-prices/im also intrigued with this.. last december verge price is only 40satoshi now its around 1k.. wow.. lets see what the 17th hold.. D35 Yeah, we are excited to see, lots of partnerships coming up, this weekend. |
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Verge has been everywhere in the news. Currently, it is riding at $0.097263 with a 12.32 percent increase in its prices. It all started when privacy coin first came into the news for crowdfunding through their VergeFam. On March 22, the development team asked its users on Twitter to donate about 75,000,000 XVG in order to close the partnership deal. Verge claims it to be the biggest partnership in the crypto industry till now. Continue Reading: https://coingape.com/what-17th-april-holds-for-verge-xvg-prices/ |
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So they are getting in now, I hope with their entry many more will follow and hopefully they will stay for good, Cryptocurrency really needs this kind of investors, without them Bitcoin and other cryptocurrency will have a long bear trend.
institutional investors enters with a back up plan or exit plan, what when they will leave?? |
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Bitcoin experiences the biggest 1 hr volume in BTC historyYesterday, the bitcoin price registered a huge gain of $1,000 in just an hour. From $6,800, the prices got up to $7,800 for the first time in about two weeks. The crypto enthusiasts are surely elated, hoping that this might signal the bullish trend in the crypto market. Not just bitcoin, other cryptocurrencies including Ethereum, Ripple, Dash, and Litecoin also gained in double digits. Coming onto what caused this rise, experts believe there are several factors driving this rally. For quite a long time, bitcoin has been experiencing a cold weather. Bitcoin has always been volatile, since its inception in 2009, the crypto has gone through extensive up and downs. After hitting its all-time high at $20,000 in December, last year, bitcoin has been continuously sliding. Having said that, the sudden price rise of more than $1,000 in less than 24 hours has been unprecedented. However, even after the rise bitcoin price is 60 percent lower from its peak and a good 44 percent lower than at the beginning of the year. The surge was driven by the biggest one-hour trade volume in the history of bitcoin. This points out the fact that the rise has been due to speculative positioning. Experts believe the surge has been the result of institutional investors with huge funds in their pockets. According to a senior market analyst, Mati Greenspan, this is what has happened and will continue to happen. Read more: https://coingape.com/reason-behind-bitcoin-price-surge/
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Most of the investors has moved from other coins because of ethereum's failing value ,which is why these miners has worsen the situation driving its value back to $300 levels ! Which is going to be the reason why most of the big investors wont allow ethereum to pump again causing most of the ICOs to fail this year! it affects both the market and the ICO projects and this is a fact that you should know.
this is the fact, but 90% of the ICOs are failed because of their bad ideas, and various other reasons, but if we talk about the technology ethereum is standing strong out of other cryptos, and price drop no doubt is also a effect of downward market trend. |
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any big exchange invovleved?
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With the ETH price currently riding at $396 right now, it’s a great loss from the January prices that went up to $1,390. One of the integral factors for this drop in ETH value is the mining as there has been a huge influx of miners that have increased the difficulty while decreasing the profitability from mining an ETH. ETH price lost about 70% of its value since JanuaryIt’s been only 3 years since Ethereum’s inception into the cryptocurrency market. ETH was only $1.6 in 2015 that reached about $12 in the mid of 2016. In April 2017, it’s price was only $50 that reached approximately $380 in mid-June. During the month of November 2017, there has been a dip in ETH prices but it didn’t fall below the $280 level. The ethereum prices went through a great period at the end of 2017 and the beginning of 2018 with its prices reaching to $800 in December and a whopping $1,390 in mid-January. However, ETH price is down to $396 level right now. Since January, ethereum has lost about close to 1,000 US Dollars and taken a dip of 70 percent. Read more here: https://coingape.com/drying-eth-mining-profits-reason-for-eth-price-dro/ |
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Alex Brola has reportedly bought $50,000 worth of Nano in December 2017. The complaint claims that apart from the plaintiff, there are at least hundreds of “putative class members” that the law firm will be contacting during the discovery period.
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Bitfinex Lists 12 New ERC20 Tokens, Altcoin Market Signals RecoveryIn its latest announcement, Bitfinex introduced 12 new ERC20 tokens on its trading platform. The exchange made a special notification of the stable coin Dai that is the main competitor of Tether (USDT) which holds the same CEO as Bitfinex reportedly. Read here : https://coingape.com/bitfinex-lists-new-erc20-tokens/
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