Kiara smitheeBitcoin bubble is bursting and has a long way to fall, economists warnverified_publisherThe Guardian - Martin FarrerDespite losing 40% in a matter of weeks the cryptocurrency still has further to drop according to experts at Capital Economics
Kiara smitheeIs Bitcoin’s Black Tuesday Just Another Reason to Buy?verified_publisherVanity Fair - By Maya KosoffIf you follow the logic of the bitcoin universe, almost every crash is. As briefly-anointed billionaires Cameron and Tyler Winklevoss can attest, 2017 was a banner year for bitcoin. The flagship cryptocurrency was valued at around $1,000 last January; by the end of the year, it had skyrocketed to more …
Kiara smitheeBitcoin drops 50 percent from its peak value as it falls below $10,000verified_publisherThe Verge - Thuy OngEthereum, Ripple, Bitcoin Cash, Cardano, and Litecoin are also down Bitcoin dropped below $10,000 today, and it’s now worth just over half of its peak value. The cryptocurrency opened at $11,348, according to CoinDesk, and dropped over $1,600 to hit a low of $9,685, though it’s since recovered …
Kiara smitheeThis Is How China Is Stifling Bitcoin and Cryptocurrenciesverified_publisherFortune - BloombergChina, home to the world’s biggest community of Bitcoin miners, is cracking down on cryptocurrency activity. From a halt to virtual currency trading …
Kiara smitheeBitcoin drops below $10K after three days of cryptocurrency correctionverified_publisherTechCrunch - Fitz TepperThe crypto crash that began two days ago accelerated yesterday and today, with essentially all top 100 coins down anywhere between 15-30 percent. The total market capitalization of all cryptocurrencies is hovering around $450 billion, down ~30 percent from $650 billion just 48 hours ago. Yesterday, …
Kiara smitheeThe Winklevoss twins have seen about $600 million wiped off their bitcoin wealth in 2 daysBusiness Insider - Seth ArcherBitcoin, along with its cryptocurrency companions, has dropped massively in the past two days. For those holding on to their coins for dear life, it's been a loss of roughly 34%. For the Winklevoss twins, who hold an estimated 120,000 bitcoins, that comes to a loss of about $600 million. The twins, …