Why Is Cryptocurrency Going Up

Why Is Cryptocurrency Going Up
Why Is Cryptocurrency Going Up Image link: https://www.pexels.com/photo/anonymous-bitcoin-cash-coin-315117/
C O N T E N T S:


  • “The money is going to flow into those assets in this cryptocurrency space that really deliver value, have new technology, and are being used by people,” he added.(More…)
  • Part of bitcoin’s rise, according to cryptocurrency outlets, has to do with what’s going on in Zimbabwe, where a long period of hyperinflation — which is basically where the value of local currency falls so fast it become hard to use — has helped make bitcoin especially attractive.(More…)
  • Earlier this month, French bank BNP Paribas said bitcoin was displaying symptoms of a speculative bubble, as many investors are buying the digital currency simply because the price is going up.(More…)
  • If BTC is going down, but news or something for an alt comes out at the same time, it can buck the trend and go up against BTC, and increase in dollar value.(More…)


  • Chainalysis, which tracks cryptocurrency transactions recorded on the blockchain (or digital ledger), found enormous turnover between the crypto old money and newbies, with long-term investors selling $15 billion worth of Bitcoin to “new speculators” in December alone, according to the Financial Times.(More…)
  • The founding executive director of the nonprofit Coin Center, Brito had spent years advocating for Bitcoin, arguing that the cryptocurrency, and the technology underpinning it, would dramatically change our economy, reshaping the world into which we?re all born.(More…)



“The money is going to flow into those assets in this cryptocurrency space that really deliver value, have new technology, and are being used by people,” he added. [1] “I don’t think it’s going to be a bubble that’s just going to burst and everyone is going to lose their money, but I think it’s going to be that all the coins and all the assets with very little use or value are going to get sorted out,” he said. [1]

We have no way of telling what’s going on since Bitcoin and its sister cryptocurrencies aren’t on exchanges and are completely unregulated. [2] We all wonder where Bitcoin is going to be 1 year, 2 years, 5 years or even 10 years from now. [3] We should not ask ourselves, “Is Bitcoin going to crash?”, but “When will Bitcoin crash?”. [3] Bitcoin hit $4,000, then receded after Chinese officials said they were going to shut down some Bitcoin offerings (along with Dimon’s comments). [2] “The question is though, ‘Which one is it going to hit first?'” he said. [1] It has led many investors and interested parties to question what is going on in the market, especially in comparison to the highs of December last year. [4]

“I don’t think crypto winter is going to come in the next couple of months, but I think if we look down one to two years, there is definitely going to be a big compression in the market,” he said. [1]

Part of bitcoin’s rise, according to cryptocurrency outlets, has to do with what’s going on in Zimbabwe, where a long period of hyperinflation — which is basically where the value of local currency falls so fast it become hard to use — has helped make bitcoin especially attractive. [5] “We are going through the biggest wealth generation opportunity of the century, and people want to participate,” says Meltem Demirors, director of development at Digital Currency Group. [6] “The financial speculation that?s going on ? is so important to developing infrastructure,” says Demirors of the Digital Currency Group. [6]

Earlier this month, French bank BNP Paribas said bitcoin was displaying symptoms of a speculative bubble, as many investors are buying the digital currency simply because the price is going up. [7] In the poll, about 35% of respondents said they agreed with JPMorgan Chase CEO Jamie Dimon’s remarks that bitcoin was a “fraud” — but everyone else said they believed the price would keep going up, and almost half, 49%, said they expected bitcoin to top $10,000 per coin. [5] Another factor fueling the hype? CNBC recently published the findings of a bitcoin survey that asked more than 23,000 respondents where they thought the price was going. [5]

The futures contract will also allow investors to short Bitcoin, or bet on the price?s going down, which has been hard to do until now. [8]

“You have this classic bubble behavior where people start buying because they expect the price to keep going up.” [9]

If BTC is going down, but news or something for an alt comes out at the same time, it can buck the trend and go up against BTC, and increase in dollar value. [10] Naturally, those who want to cash profits, whether it is for Christmas or the New Year, are going to sell, resulting in a dip, which is then bought up by new money – this cycle continues in a long-term bull market. [11] The people that are manipulating it, they are going to lose billions of dollars and then it?s going to be over.” [12] That?s my prediction, I?m going to stand by it?it is the number 1 coin for processing transactions. [12]


Chainalysis, which tracks cryptocurrency transactions recorded on the blockchain (or digital ledger), found enormous turnover between the crypto old money and newbies, with long-term investors selling $15 billion worth of Bitcoin to “new speculators” in December alone, according to the Financial Times. [13] The influx of new money that piled into Bitcoin as its price swelled in 2017 often came from young, inexperienced investors, with millennials disproportionately likely to invest in cryptocurrency compared to other age groups. [13] Hosp’s forecast would represent a $45,000 rally from the current price of bitcoin — or a $10,000 collapse, underscoring the volatility of the world’s largest cryptocurrency. [1] Most government-backed money that goes in and out of crypto goes through bitcoin, so what happens to the original cryptocurrency affects the entire market. [14] There are also other second-layer projects like Rootstock that would allow computations similar to those of ethereum (a blockchain-based computing platform that supports another cryptocurrency named ether) to be done through bitcoin. [14] Although Jamie Dimon, JP Morgan Chase CEO, said “bitcoin is a fraud” last week, his bank is apparently investing in the cryptocurrency, so they’re hedging their bets. [2]

The trend revealed by the data is notable because it highlights negative sentiment among this subset of investors in April, a month when cryptocurrency prices were rising, as opposed to panic selling during a market plunge. [13] There are several start-ups like my own that offer debit cards to help people spend their cryptocurrency holdings. [14] Note: There aren?t a lot of laws in place for cryptocurrency and a lot of crypto transactions are anonymous. [3] They think it?ll crash because of new cryptocurrency regulations/laws from governments. [3] Taking into account several factors, the cryptocurrency market’s upside potential could rise to up to seven or eight times present levels, he says. [14] Cryptocurrency entrepreneur Julian Hosp says bitcoin’s rapid rise isn’t over yet. [1]

The top-ranked cryptocurrency has declined steadily throughout the year dropping nearly 70 percent of its mid-December 2017 high of $19,500. [15] Earlier this month, Bloomberg reported that $9.1 billion hedge fund manager Alan Howard had made a’sizable’ bet on cryptocurrency last year. [16] In an earlier piece for CNBC, I explained why a potential cryptocurrency bubble could burst in 2018. [14]

Regardless of how much effect the hack directly had on the price in Bitcoin, Naeem Aslam, Chief Market Analyst at ThinkMarkets, discusses how this latest hack is another instance of negative press for the cryptocurrency space. [4] When the price of Bitcoin rallied 33% in April, some cryptocurrency investors decided it was time to get out, rather than hang on in hopes of a continued surge. [13] The pattern also reflects a recent class of rookie cryptocurrency investors looking for quick profits, who are unused to the roller-coaster price swings in Bitcoin and its ilk. [13]

It has been an eventful 2018 for the cryptocurrency market, and Bitcoin especially. [15] There is a lot that needs to be patched up in the cryptocurrency market, and when these things are sorted out, the price should follow in repairing itself to a more pleasant level. [4]

On June 11, it was reported that a small cryptocurrency exchange in South Korea was hacked and many mainstream media outlets tied this catalyst as a reason for the sudden downturn in the market. [4] There was news that South Korea and China might ban cryptocurrency exchanges. [3]

The founding executive director of the nonprofit Coin Center, Brito had spent years advocating for Bitcoin, arguing that the cryptocurrency, and the technology underpinning it, would dramatically change our economy, reshaping the world into which we?re all born. [6] As the original cryptocurrency, Bitcoin suffers from drawbacks typical of first-generation technology. [6] As the cryptocurrency bug spreads, more people are beginning to realize that Bitcoin represents the only completely decentralized currency that, if stored correctly, is completely impossible for a government to confiscate. [17] They buy and sell bitcoin as an investment on cryptocurrency marketplaces — or exchanges. [18] With options to buy bitcoin and popular altcoins through credit card, wire transfer and more, BitfFyer offers users the choice of paying with cryptocurrency or USD, EUR and JPY. [18] If you keep an eagle eye on cryptocurrency news, you just might be able to buy or sell bitcoin profitably before everyone else catches on. [18] Bitcoin is a digital currency, also known as a cryptocurrency, that emerged after the financial crisis and is not underpinned by a central bank. [19] Bitcoin, the largest cryptocurrency by value, dropped below the psychologically significant level of $6,000 early in the session before fighting back. [20] Other popular cryptocurrency includes Ethereum, Bitcoin Cash, Ripple, Litecoin and Monero. [21] Bitcoin is the first cryptocurrency ever created, and remains the most popular one to date. [21]

It?s unclear how much the Chinese market affects bitcoin today, though, as Beijing has significantly limited citizens? ability to trade cryptocurrency. [18] Bitcoin is a cryptocurrency, or a digital token, that can be sent electronically and directly from peer to peer. [21] Bitcoin is the first, and the biggest, “cryptocurrency” – a decentralised tradeable digital asset. [19] Investing in a cryptocurrency like Bitcoin is a very existential experience. [22] Cryptocurrency publication CoinDesk reports that South Korean regulators have banned bitcoin derivatives. [18] It?s a huge day for cryptocurrency: Bitcoin finally passes the $10,000 mark. [18]

In an initial coin offering (ICO), a startup sells a new cryptocurrency in exchange for money or other cryptocurrencies. [18] Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. [18] Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform. [18] Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts. [18] Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins. [18] A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency. [18] Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs. [18]

Similarly to Tom Lee, Wieczner thinks that there are market adjustments where the price goes about 20% down after the cryptocurrency hits a new high. [22] When a major government announces cryptocurrency regulations, bitcoin?s price often moves significantly. [18] The cryptocurrency has yo-yoed with extreme volatility over the period – over the past week, the price has leapt to as high as $11,379 and plunged to $9,146 before rebounding to $10,700. [19] You can follow live cryptocurrency prices on Markets Insider. [20]

“The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Jaitley said during a budget speech in which he also expressed interest in blockchain technology. [23] I am entering my fourth year teaching grad students about cryptocurrency and blockchain technology. [24] Almost anyone with a blockchain or cryptocurrency idea can raise money because the topic is hot. [24]

What’s causing the slide to begin with? As usual, no one thing can be blamed for Bitcoin’s current downturn, but recent skittishness around a subpoena for Bitfinex and concerns around Tether — a kind of cryptocurrency counterpart to USD that matches the dollar one to one — probably factor in. [23] Having invested a portion of their $65 million Facebook settlement in the cryptocurrency some years ago, the twins are said to have recently become billionaires. [6] A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies. [18] Not only have recent upgrades and regulation been positive for the most popular cryptocurrency but the fundamentals of the technology itself are still as strong as ever. [17] Such fees are not sustainable, as there is already a technology that will drive the transactions costs lower: cryptocurrency. [24]

These tokens can go up in value if the cryptocurrency or the venture being funded is successful. [22] Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes. [18] Therein lies a problem: If a cryptocurrency is too volatile to spend, it can?t be a useful currency. [6] Already, farsighted zealots are pouring newfound riches into the cryptocurrency economy, creating blockchain-oriented businesses, like the Winklevoss twins? Gemini, or starting cryptocurrency-specific hedge funds, as AngelList founder Naval Ravikant is doing. [6] While his comments focused on illegitimate activity, reports suggesting the statement signaled a broader cryptocurrency ban indicate a need for further clarification from Jaitley. [23] Vitalik Buterin, the founder of the cryptocurrency Ethereum is less bullish. [22] HiveEx.com is a global over-the-counter (OTC) cryptocurrency brokerage specialising in high-volume trades of $50,000+. [18]

While people can buy fractions of Bitcoin in increments of as little as $1 on cryptocurrency exchanges, institutional investors have largely been barred from those venues owing to fiduciary and compliance requirements around custody of assets. [6] A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins. [18] China banned cryptocurrency exchanges in September, but many traders have found ways to continue buying and selling bitcoin. [18] “Wall Street has just started to dip their toes in,” says Tyler Winklevoss, CEO and cofounder of Gemini, whose cryptocurrency exchange partnered with a more traditional one, CBOE, on Bitcoin futures contracts in December, offering institutional giants a way to participate. [6]

The cryptocurrency market has been under pressure since late June, when the U.S. Securities and Exchange Commission delayed a decision on whether to approve a bitcoin exchange-traded fund, a move that bitcoin bulls believe would have greatly increased the size of the market. [20] The sell-off was prompted by concerns that prices of digital currencies were artificially inflated as well as regulation talk in India and South Korea, one of the biggest cryptocurrency markets in the world. [22] LONDON — Ethereum’s steep price fall continued on Tuesday as the entire cryptocurrency market continues to fall. [20] As everything is cyclical, the most logical thing to do is to either participate more actively in the cryptocurrency market or to simply wait for a new wave of hope and belief, which always drives up the prices. [25] As of Tuesday morning London time, the value of the overall cryptocurrency market had fallen by about 10% over the past 24 hours, according to CoinMarketCap.com, from $218 billion to $193 billion. [20] At the time of writing, the total cryptocurrency market cap weighed in at $459 billion, down from January highs around $830 billion. [23] On February 2, over $100 billion was wiped from the global cryptocurrency market, all in 24 hours. [22]

Japan is the largest cryptocurrency market in the world by trading volume, and South Korea is the fourth largest. [18] A New Zealand-based cryptocurrency exchange that allows you to buy and trade between NZD and major cryptos on a full-featured trading platform. [18] Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed. [18] Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings. [18] Buy and sell 5 major cryptocurrencies on one of the world’s most renowned cryptocurrency exchanges. [18]

At this time, the Chinese government also says it?ll ban all cryptocurrency exchanges in the country. [18] In January 2018 the South Korean justice minister said the government might ban cryptocurrency trading on domestic exchanges. [18] South Korea?s justice minister says the government is preparing to ban cryptocurrency trading on domestic exchanges. [18]

The United States’ Securities and Exchange Commission and the ruling political party in Spain have both recently expressed positive sentiment towards the entire cryptocurrency space. [17]

Trade on Canada’s largest cryptocurrency exchange, with same-day funding and withdrawals available. [18] In South Korea, previously announced “know your customer” rules on real-name cryptocurrency trading also went into effect this week. [23]

For one, big price swings still make bitcoin pretty impractical as a currency — the price has swung more than $300 in the last 24 hours alone — and bitcoin now has arguably more advanced cryptocurrency rivals like Ethereum. [5] Some analysts believe that the cryptocurrency might be trying to find a temporary price floor, but Citigroup analysts think that the price of bitcoin could plummet again to half of its current value, CNBC reports. [26] Over the last month, in a series of volatile swings, the price of the cryptocurrency bitcoin rose to a record high — then plunged to less than half that value. [26] Bitcoin hit what was a record price of around $1,150 and fell by 40 percent just days later, after China announced that it was banning banks from trading the cryptocurrency. [26] The price of bitcoin hit a new record high on Tuesday, passing $10,000 and reigniting debate as to whether the cryptocurrency is experiencing a bubble or does in fact remain undervalued. [7] Individual owners have less power over the price of Bitcoin, and, second, it creates stability since more people have a stake in the cryptocurrency. [27] The price of Bitcoin can also change drastically as countries and financial institutions adapt to the idea of cryptocurrency. [27] Don?t put your big Bitcoin purchases on plastic–that?s the new rule from big banks like Citigroup, Bank of America, and Chase; they will no longer allow people to purchase cryptocurrency with credit cards. [9] As of late 2017, about 95 percent of the cryptocurrency was owned by just over four percent of people with Bitcoin, according to one report. [27] Bitcoin is the most prominent cryptocurrency, but it is not the only one–others include Ethereum and Litecoin. [9] Bitcoin is overvalued with a limited chance of success and will most likely be replaced by a better cryptocurrency. [28]

The recent price fall may not be a good thing for investors, who are still trying to figure out what the crash means for the future of the cryptocurrency. [26] There have been dramatic rises and falls in the price of the cryptocurrency within the last year. [26] The head of one cryptocurrency exchange said he believed the price of bitcoin remains “cheap” despite its remarkable rise in value. [7] The world?s most valuable cryptocurrency now has a market capitalization of more than $160 billion, according to bitcoin price tracking website CoinMarketCap, more than 10-times its value at the beginning of the year. [7] Also, any cryptocurrency can gain value even before it is available for people to market and trade. [29] The banks are “trying to stop people from buying cryptocurrency on borrowed money, which I think is a very good idea.” [9] With more than 400K people adopting such cryptocurrency from the inception, the initial boost produced an ongoing economy, allowing escalation created by a great level of acceptance. [29]

Bitcoin prices briefly topped $6,000 per coin on Friday, a new all time high for the cryptocurrency. [5] The cryptocurrency and blockchain world is awash in change, and today?s technology or idea may be obsolete tomorrow. [28] As long as the formula (circulation + usage) maintains either before or after launch, any cryptocurrency value will be dictated by people?s acceptance and trust. [29] In the short term, the cryptocurrency is plunging in value: from north of $17,000 a month ago, it crashed down to around $7,500 today. [9]

At the end of the day, more regulations and protections for investors could actually make the cryptocurrency world more stable. [9] There?s a finite amount, just like a cryptocurrencys total supply. [29] “Bitcoin has changed its image,” said Mel Gelderman, CEO of TokenCard, a cryptocurrency startup focused on Ethereum. [5] The abrupt changes have inspired comparisons to the dot-com bubble, and underscored the extremely speculative nature of investing in cryptocurrency. [26] Aaron Hankin is a MarketWatch reporter in New York who covers cryptocurrency and financial markets. [30]

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop : The Two-Way There are hundreds of digital currencies worldwide. [26] Cryptocurrency trading hotbed South Korea has suggested a ban on trading might be possible, though the country has not yet finalized any plans. [26]

Although bitcoin has been in existence for five years, most countries still do not have consistent laws regulating the cryptocurrency. [31] He said in an interview that investors in the cryptocurrency are not making rational decisions when it comes to bitcoin investment since there’s not way to evaluate the cryptocurrency. [32] “There’s certainly a lot of bullishness about bitcoin and cryptocurrency, and that’s the case with bubbles in general. [32] In another subject, a new study has found that the cryptocurrency investment market, especially the piece that has to do with Bitcoin, still has a lot of room to grow. [33] Others warned last week that the mania around the cryptocurrency was a disaster waiting to happen : One Fed official suggested Bitcoin and other cryptocurrencies endangered the stability of the market “if they achieve wide-scale usage [34] A visual representation of the digital Cryptocurrency, Bitcoin on Oct. 23, 2017 in London. [35] Bitcoin cash is a cryptocurrency created in August 2017, arising. [31] Dash is a privacy-focused cryptocurrency that’s also known for having a more collaborative, less fractious culture than bitcoin. [36] Evidence suggests that in 2018 that a growing number of larger retailers and service providers will accept bitcoin (and cryptocurrency in general) as payment. [37]

If a large corporation develops an interest in a certain cryptocurrency, the price of that currency can skyrocket within hours. [33] The Marshall Islands to Launch Its Own Cryptocurrency: Branding their coin as the Sovereign, The Republic of the Marshall Islands plans to launch the digital asset this year and have it function as legal tender. [38] There are two other broad categories of cryptocurrency among the biggest “altcoins”: Those launched by platforms designed for “smart contracts” and initial coin offerings (Ethereum, NEO, NEM, EOS), and those “minted” by projects working on blockchain-based transaction processing for the finance industry (Ripple, Cardano). [39] Hong Seong-ki, who heads the Korean cryptocurrency response team South Services Commission said that “cryptocurrency transaction brokerage is not effective in generating added value. [33]

Toronto-Dominion Bank Joins the Ban-wagon, Blocks Crypto Purchases with Credit Cards: Taking a cue from its American and British peers, TD is tip-toeing around credit card use for cryptocurrency purchases. [38] Doug Polk Crypto Lines Up Heavy Hitters for New Podcast Channel: Our very own Doug Polk now has a cryptocurrency podcast to supplement his ever-popular YouTube channel. [38] He adds that cryptocurrency is linked to terrorist funding, and he believes that crypto in the long-run is “super risky.” [38]

Coming out of the meeting, both ministers found that basing regulations on rules dictating gold and derivatives trading may lay a responsible groundwork for reducing fraud, money laundering, and terrorist fundingareas the cryptocurrency realm is all too familiar with. [38] At the time, the cryptocurrency was floating around the $7,000 mark. [32] Aiming to become a hub for cryptocurrency, the city-state does not regulate digital assets in the hopes of bringing tech companies to the area. [38] NEO First Project to Break into Weiss Ratings A-Tier: The Chinese-based blockchain platform and cryptocurrency NEO is the first project to break into the A-Tier, as dictated by Weiss Rating standards. [38] The report is unsurprising, as China has been one of the harshest critics of cryptocurrency with its ongoing attempts to ban it. [38] The cryptocurrency will look to provide affordable housing to Berkley?s underprivileged, as homelessness is on the rise in the city and across CA as a whole. [38] ZCash is another privacy-focused cryptocurrency that uses zero-knowledge proofs to provide anonymity. [36] Every major cryptocurrency has suffered double-digit losses over the last 24 hours, according to CoinMarketCap. [36]

The whole cryptocurrency market is still under a bearish trend, as it’s been for most of the current year, but the other coins have not had even the little bull run Bitcoin experienced. [33] Like a phoenix rising from its ashes, the cryptocurrency market is in the midst of a resurrection, but is there enough wind under its wings to make it take flight? Over the week, we had a bit of a scare as Bitcoin failed to break the $12k resistance and dropped back down to $9.4k. [38]

I think that more and more countries will start to make cryptocurrency exchanges illegal like China did. [32] The South Korean government is pondering whether to start taxing cryptocurrency exchanges which have enjoyed tax benefits until now. [33]

The cryptocurrency market is younger than the rapidly evolving technology itself, and the high volatility has lured a lot of oblivious gamblers. [39] Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. [33]

There is strong reason to believe that Tether has been released severally in order to manipulate Bitcoin, and consequently cryptocurrency, prices. [40] Due to this high dependency on Tether, any revelation of questionable activity could send cryptocurrency prices crashing — with many experts predicting an up to 80 percent price crash for Bitcoin. [40]

Bitcoin is the most popular cryptocurrency, dominating the crypto space with its blockchain technology and its scarcity. [41] The fact that Bitcoin is generally less volatile than other cryptocurrencies, and Bitcoin’s synonymy with cryptocurrency to the average new investor, will further drive its market dominance. [40] Jeet Singh, a cryptocurrency portfolio manager spoke in the Economic Forum in Davos saying that he believes Bitcoin would reach $50,000 by the end of this year. [41] Cryptocurrency observers would have noticed a trend in which Bitcoin dominance has slowly been eroding — at 38 percent at the time of this writing, Bitcoin dominance is at one of its lowest points ever. [40] This is generally supposed to be a good thing, because, due to being backed by the dollar, pegging a cryptocurrency to Tether makes it more stable than pegging it to the more volatile Bitcoin. [40] A new cryptocurrency – Bitcoin cash – was created and given to everyone who owned Bitcoin. [42] Llew Claasen, the director of the Bitcoin Foundation made a bold statement to reassure Bitcoin believers that the largest cryptocurrency will reach $40,000 mark, even if it takes a downfall. [41]

At time of writing, the price of the popular cryptocurrency has been hovering around $5,700 — up by more than $500 in 24 hours, and by $342 since last week. [43] The second-largest cryptocurrency, measured by total market cap, has been defying the trend of the last month and is once again approaching a record high price while most others languish and stumble side to side. [44] The major resource of cryptocurrency prices conducted a survey on their Twitter. [12]

Security is paramount in the blockchain world, equally for startups, decentralised exchanges and cryptocurrency traders. [45] The most notable of all stablecoins is Tether, and most exchanges now pair every major cryptocurrency — and some smaller altcoins — to Tether’s USDT which is equal to a dollar. [40]

We want to remind you that Bloomberg and Galaxy Digital Capital Management launched a new cryptocurrency index in May this year. [12] When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. [42] As we know, its the market forces and the adaptability that leads to the ranking scenarios, which means crypto enthusiasts never gave up, and always stayed optimistic regarding the largest cryptocurrency in the world. [41] Of course, unless you’re one of those people who sometimes worries that the whole cryptocurrency bubble may be about to pop. [44] It has been almost a week since the latest historic Bitcoin price breakthrough, when the world’s most popular cryptocurrency surged past $5,300, only to reach $5,800 just a few hours later. [43] Finder sought opinions from 13 cryptocurrency experts and concluded that Bitcoin price will witness a 300% growth to land at $43,000 by December 2018. [41]

The CBOE and CME have launched their own cryptocurrency futures, the SEC and CTFC have gotten involved, and pretty much every mainstream publication that matters discusses cryptocurrencies one way or the other every day. [40] While the cryptocurrency landscape is still nascent, there are a lot of exciting developments. [40]

The cryptocurrency market will experience a market optimism in 2020, as not only Bitcoin, but all the major cryptocurrencies will also experience an upward shift. [41] A study by the Federal Reserve Bank of San Francisco noted that the introduction of Bitcoin futures in 2017 helped encourage many pessimists to enter the cryptocurrency market. [40]

Developments in South Korea and China have always had a huge impact on Bitcoin prices since these are two of the biggest cryptocurrency markets with Korean exchanges leading global trading volumes. [11] The cryptocurrency market has survived a lot of things: major exchange hacks, involvement from the U.S. Securities and Exchange Commission (SEC), ban on cryptocurrency ads by Google, Facebook, Twitter and other online giants, and unpredictable government intervention and attempts at regulation. [40]

He warned of heavy price fluctuations which are happening, which he believes is only normal for a cryptocurrency market that is still maturing. [41] All these factors have in some way been responsible for a massive correction in cryptocurrency market cap, from an all-time high of over $850 billion in January to about $260 billion at the time of writing this. [40] Considering the deeply oversold stance of cryptocurrency market that lost $50B of its total value in a week’s time, the upside qualifies for a healthy correction. [46]

Around November, I finally located the fraction of one that I had forgotten about sometime in mid-2014 and watched as the cryptocurrency’s value nearly hit $20,000 in December before dropping by nearly half to its current (still remarkable) price. [44]

Cameron Winklevoss, co-founder of the crypto exchange – Gemini and the fourth wealthiest cryptocurrency investor predicted that BTC will go up by 40% someday. [41] Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. [43]

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43. (1) Don Tapscott: Ten 2018 predictions from the co-founder of the Blockchain Research Institute — Quartz

44. (1) Will Bitcoins Price Go Back up in Late 2018? – NullTX

45. (1) Top 3 Bitcoin, Ethereum and Ripple Price Predictions: what goes up must come down – Confluence Levels

46. (1) Bitcoin?s Price Has Soared. What Comes Next? – The New York Times