The Price Of These Cryptocurrencies Just Crashed And Here's Why

The Price Of These Cryptocurrencies Just Crashed And Here's Why

"This latest crypto-currency hack shows how virtual currency has become a new business model for cyber criminals". Analysts believed that the price of the Bitcoin would stabilize to $15,000, but this prediction did not prove to be true.

"Explaining moves in bitcoin is always tricky but this plunge back to the December 22nd low may well be a result of recent signs that regulatory pressures are building", Wilson said in a note. Bitcoin's underperformance may be due in part to doubt that the currency can continue delivering the same 1,400 per cent returns it did previous year, spurring traders to look for smaller digital assets that promise more upside.

This drop in the market is making quite an impact considering just a month ago Bitcoin's value was at $20,000. The cryptocurrency's market capitalization now stands at around $184 billion.

Some of the reasons for the cryptocurrency "bloodbath" are known to many crypto players.

That, according to Martinez, was on top of the "additional negative sentiments from South Korea stating that tighter crypto-controls are still a possibility". Chinese and South Korean Governments are going to have a huge impact on not just the current price of cryptocurrencies, but also what neighbouring governments might decide to do. "It seems they're getting wise and waiting for the market to even out before buying in again.The reports are certainly not helping but in my assessment, the Asian market is simply exhausted of paying the premium".

More news: Bayeux Tapestry 'going on display in UK' for first time

Another BRICS country, Brazil, has joined China and India in taking action against cryptocurrencies.

Shenzen Stock Exchange, one of China's two major stock bourses, issued a warning notice on Tuesday evening against the indiscriminate use of the term blockchain by businesses to boost their stock price. Their eventual decision to ban mining farms can trigger a massive sell-off of cryptos, which will exacerbate the current situation.

China has also been coming down hard on cryptocurrency activity, and it is also considering blocking domestic access to the foreign exchanges and platforms that allow for centralized trading.

Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was "a live option". Russian Federation is preparing legislation to regulate cryptocurrencies, which is likely to be introduced in the first half of this year.

"Increasing value and legitimacy of cryptocurrencies is not only good for investors, but also brings attention from regulators and policymakers".

Related News:

  • Former First Coast receiver Stepherson dismissed from Notre Dame team

    Former First Coast receiver Stepherson dismissed from Notre Dame team

    Stepherson allegedly walked out of the store with a pair of Nautica sweatpants while Holmes allegedly took a Nautica coat. Stepherson led the Irish with five touchdown catches, despite missing the first four games for an undisclosed suspension.
    Catalan parliament convenes without exiled separatist leader

    Catalan parliament convenes without exiled separatist leader

    The Parliament is also waiting for to see if exiled -former leader Carles Puigdemont will be allowed to return for re-election. But were he to return he would risk arrest on charges related to his region's failed independence bid.
    I am not a racist: Donald Trump

    I am not a racist: Donald Trump

    The White House has not denied that Mr Trump used a vulgar term, and indicated on Tuesday that no apology would be forthcoming. A growing number of nations are summoning United States diplomats in the wake of President Donald Trump's " shithole " remark.
  • Did Trump say it? A senator who was there says he didn't

    Did Trump say it? A senator who was there says he didn't

    Schumer explained, "His other way of negotiating is saying, 'Here's how I want it, you do it my way or else.'". Top Republicans say they do not remember President Donald Trump making " shithole countries" comment .
    Arron Afflalo, Nemanja Bjelica Ejected from Timberwolves vs. Magic for Fighting

    Arron Afflalo, Nemanja Bjelica Ejected from Timberwolves vs. Magic for Fighting

    Afflalo played just five minutes, going scoreless and grabbing one rebound before he was tossed. A insane fight broke out in the second quarter of the Magic-Timberwolves game on Tuesday night.
    Jo-Wilfried Tsonga storms back in 5th set; Rafael Nadal moves on

    Jo-Wilfried Tsonga storms back in 5th set; Rafael Nadal moves on

    The Canadian had defeated Stefanos Tsitsipas 6-1, 6-3, 7-6 (5) of Greece in the Australia Open's first round. Shapovalov went on to make the round of 16 before his dream run was stopped by Pablo Carreno Busta .
  • GKN swats away second takeover bid from Melrose

    GKN swats away second takeover bid from Melrose

    GKN shares rose for the fourth day in a row, up almost 1% after the takeover details were unveiled, while Melrose stock fell 2%. GKN's shares have risen to around 443p since rejecting the first bid and revealing its new plans for the company.
    Trump admin resumes accepting DACA renewals

    Trump admin resumes accepting DACA renewals

    Durbin say they've got the only bipartisan proposal, and they're hoping people flock to them ahead of the Friday deadline. While discussing the Temporary Protected Status program, Trump reportedly called certain nations "shithole countries".
    New Xbox Elite Controller Leaked

    New Xbox Elite Controller Leaked

    Frankly, it was ridiculous the original Xbox Elite controller still ran on AA batteries and didn't have a charge pack included. In recent leaked images now confirmed by The Verge , it looks as though Xbox is set to pick up a refreshed Elite controller.
  • Kevin Durant's Desire to Own NBA Team Has 'Intensified' with Warriors

    "This is a genuine goal of his after he retires, to add another African-American in the position of majority ownership", a source told Haynes .
    Canada faces Australian wine sales complaint

    Canada faces Australian wine sales complaint

    Canberra said the measures by several provinces hurt trade with Australia's fourth-largest export market for wine, valued at Aus$185 million (RM585.5 million).
    Trump's doctor has

    Trump's doctor has "no concerns" about US President's health

    Jackson did admit that Trump's weight was an issue that he and the president were now working to get under control. Trump was 70 when he took office, making him the oldest person ever elected to the nation's highest office.


Most liked

Mkhitaryan holds key in United's deal for Sanchez
Conte suggested he does not have the final say over transfers at Stamford Bridge and refused to comment further on Sanchez.

Trump, Republicans Will Be Blamed for Government Shutdown, New Poll Finds
He accused Democrats of wanting to shut down the government over the immigration issue. "We're going to have a CR", said Rep. Democrats are demanding that a DACA fix be part of a spending bill that must pass by Friday to keep the government open.

Trump has high regard for Nigerians -US Ambassador
The minister on Monday summoned the U.S. ambassador to clarify issues regarding the alleged "shithole" remark made by Trump. Tope Ade Elias-Fatile, the U.S Deputy Chief of Mission said his country continue to hold Nigeria in very high regards.

Trump's racist comments are a flawless precursor to an impending government shutdown
Add it all up and you find that nearly six in 10 people would blame either Republicans or Trump if the government shut down. Trump also expressed a preference for immigrants from countries like Norway, which is overwhelmingly white.

Meizu M6s first in company line with a Samsung Exynos processor
The company has also introduced the "Super mback" circular on-screen button and got rid of the "mback" physical home button. The phone features the same U shaped nano injection antenna design that we have seen on flagship grade smartphones.

Nvidia Corp Stock in Q3 2017 Driven by Institutional Investors
Mizuho restated a "buy" rating and set a $225.00 target price on shares of NVIDIA in a research report on Tuesday, November 28th. It increased, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes.

Surface Book 2 (15-inch) coming to all current Surface markets
The 15-inch notebook is only available in Core i7-8650U with Intel UHD Graphics 620 or NVIDIA GeForce GTX 1060 (6GB) GPU. While the 13-inch model was available in select markets, the larger 15-inch model was only available in the USA so far.

January Jones is dating this dude from 'The Bachelor'
Pals say The X Men: First Class actress and runner-up from U.S. reality show The Bachelor are " two months" deep into things. She told him: 'You don't know if you like him or if he's a scumbag, that's why I'm attracted to him, maybe'.

Liverpool end City's unbeaten run with enthralling 4-3 win
Asked if the huge points gap is a fair reflection, the Netherlands midfielder said: "That's the reality and you have to accept it. I don't know how many kilometres we ran.

Australian Open: Federer glides into second round
During the Australian Open I will donate through my endowment fund $100 for each ace to help children with oncological diseases. Did someone have to get out of the stadium because of something? "If they had to go, they had to go".

Australian Open 2018: Roger Federer breezes through opener in Melbourne
He broke Bedene's serve in the fourth game of the first set in which he conceded only three points on his serve. But while 30-year-old admitted that prize money was discussed, he insists no one was asked to leave the room.

Lawmakers to review Cuomo's local government plan
The plan will not involve tolling bridges, but instead will designate geographic zones in the city where tolls will be in place. His requirement that taxes on internet sales be uniformly collected also would help counties get 50 percent of the revenue.

Sony To Launch New Android Smartphones On Feb. 26 At MWC 2018
Also, the price of the Sony Xperia XZ Pro is expected to be around 6,000 Yuan, which is approximately Rs 59,550. There's still time for the official news to be out, but Sony Xperia XZ Pro is already gaining huge attention.

Homeland security to work with states on alerts
As you know, afterward, I approached you and asked that I am happy to come talk to you at any time, to try to work on this deal. During the hearing, Nielsen faced a barrage of questions on a variety of subjects that fall under the jurisdiction of DHS.

IBM, Maersk to Create New Blockchain Platform
Blockchain technology is used to power bitcoin, ethereum and other digital currencies, sharing data across a network of individual computers.