This most recent pullback, which has been the sharpest and deepest this year, does correlate with a couple of important events. Trump dunks on Facebook's Libra in cryptocurrency tweetstorm Since then, it's been a rollercoaster, with price sharply rising and falling, often without a clear trigger. In a way, the pullback was expected, since Bitcoin rose from about $3,400 in February to just under $14,000 in June without a stronger correction. But overall, the sentiment in the cryptocurrency world has quickly turned from bullish to bearish - or, at best, very cautiously optimistic. The prices have stabilized somewhat on Wednesday, with Bitcoin trading at $9,593 at press time according to CoinMarketCap. Other coins followed suit: Ethereum, XRP, Bitcoin Cash and Litecoin have all dived to monthly lows, bringing the total market cap of all cryptocurrencies to less than $250 billion. Senators have somehow been grilling them and not Facebook's David Marcus, who's about to spend some more unpleasant time at Congress today.īitcoin dived sharply below $10,000 on Tuesday, reaching a low of $9,214 on cryptocurrency exchange Binance. During the first day of Facebook's congressional hearing on Libra, the topic was largely Facebook itself, with cryptocurrencies and blockchain being a distant second.Īnd yet, most popular cryptocurrencies have been losing value as if the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |