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It has been an up and down week for the cryptocurrency market, with Ethereum reaching an all-time high and Bitcoin falling below $31,000. As of this writing, the markets are turning around with most tokens now in the green for the day.
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After falling 13% on Thursday, Bitcoin's pullback has continued into Friday, plummeting as low as $28,845. The leading cryptocurrency has been able to gain back some of those losses, trading above $31,000 as of press time. Ki-Young Ju, the CEO of blockchain analytics firm CryptoQuant, cited a negative “Coinbase premium” as evidence of weak dip demand from large investors. "Here's …
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Sequoia Holdings LLC is now offering employees the ability to receive part of their salary in bitcoin or Ethereum. Under this new program, Sequoia employees can elect to defer part of their salary into Bitcoin, Bitcoin Cash, or Ether. Sequoia Holdings LLC is partnering with a third-party payroll processing firm to withhold taxes and convert the rest into cryptocurrency. Which …
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News of a potential Bitcoin double-spend combined with the cryptocurrency's dropping price caused many to come up with potential theories. A prevalent one was that Bitcoin may have been hacked. The fact that Bitcoin is still trading above $30,000 debunks that possibility. Had Bitcoin actually been hacked its price would be close to zero by now. Double-spend attempts happen regularly …
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The price of Bitcoin has dropped more than 10% since Tuesday to fall below $32,000 for the first time in nearly two weeks. As of press time, the leading cryptocurrency was trading at $31,869.03. With the pullback, more than $100 billion from the total market value of all cryptocurrencies was shed in the last 48 hours. Falling from about $1.06 …
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The price of Bitcoin has been on a downward spiral these past couple of weeks. Falling from its all-time high of $42,000 to as low as $30,000. As of press time, the leading cryptocurrency was trading at $31,476.67. The plunge can be attributed to profit-taking sentiment among traders. Investors primarily after the price crossed the $38-000-40,000 range on more than …
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