The Currency Analytics
By Steven Anderson
The cryptocurrency market changes its color. In just a matter of hours, the market shed over $20 billion.
Altcoins are rooted in the red following the decline in the Bitcoin price. The action of Bitcoin on the Bloody Monday has been showing signs of cooling off as the dominant coin…
Earlier on Friday Bitcoin dumped nearly 10% in just a couple of hours and it has been recovering over again. On the weekend BTC went up higher than $8,800.
Most of the small-cap Altcoins declined by 10%. Below the $8,000 price action, it is a bearish momentum and Bitcoin is already there now at $7,828.
There are several hurdles at the $244, 246, and $250 levels. A major bearish trend line is forming with resistance near $246 on the hourly chart of ETH/USD.
The hashrate of Litecoin hits an all-time high. Franklyn Richard recently wrote, "What is perhaps more impressive is that despite the run-up, only Litecoin appears to be making…
Boris Reznikov, in a Stellar Meet up in Berlin stated, "There should be no reason why in this day and age money doesn't flow as seamlessly, quickly, and cheaply as email does."