Tag Archives: Bear Market

Where Will Bitcoin Price Go as It Nears November Lows?

The Bitcoin price was hovering near its lowest levels in 14 months December 6 a fresh downturn continued to take its toll on investors. Another Grim Day For Bitcoin Traders Having lost support at $4000 Tuesday, 00 slipped further towards lows set last month around $3500, reaching $3680 before appearing to claim new support at $3700. In common… Read More »

Cryptocurrency Market Update: Crypto Winter is Getting Colder

FOMO MomentsCryptocurrency markets still falling; Bitcoin Cash is almost dead, Maker and Tezos in pain.Red is the dominant colour on crypto markets for yet another day as Bitcoin and its brethren continue their downward slide. There has been no letup in bearish pressure as market capitalization falls back to around $120 billion.More stories of doom and gloom have… Read More »

Cryptocurrency Market Update: Bitcoin Cash at All Time Low, Waves Rising

FOMO MomentsCryptocurrency markets falling back mid-week; Bitcoin Cash is evaporating, and EOS melting while Waves rides high.Markets are continuing to fall back as the week goes on and the general trend since the weekend has been downwards. Gains that are made do not last long and total market capitalization is back around the $125 billion level again and… Read More »

Bear Crypto Market Conditions Are Ripe for Real Growth: Block.one’s Brendan Blumer

Crypto markets have seen one of the worst meltdowns in the past couple of weeks and the confidence in the cryptocurrencies has also dipped to an all-time low. But even with this pessimism in the markets, various data points show that the fundamentals of the crypto industry are strengthening. The same sentiment was echoed by Brendan Blumer of… Read More »

November Crypto Review: One Third of Cryptocurrency Market Wiped Out

Biggest losers in crypto for the month; Ethereum, Bitcoin Cash, EOS, Cardano, only XRP and NEM lost less than 20%.November has without a doubt been the worst month of the year for crypto markets. It marks the ninth month this year that markets have fallen and the sharpest single month decline for around four years. Over $70 billion,… Read More »

Cryptocurrency Market Update: $10 Billion Dumped as The Dead Cat Bounces

FOMO MomentsCrypto markets predictably dumping this weekend, Bitcoin SV, Cardano and Neo getting hurt.As predicted crypto markets have dumped again after a few days of solid gains and the dead cat has bounced. Over $10 billion has flooded out wiping out all progress made this week. Total market capitalization is back below $130 billion and heading south again.Bitcoin… Read More »

Bitcoin is on the Verge of Falling Apart, Says Paul Donovan

Paul Donovan recent bearish remarks for Bitcoin is an attempt to bury the top-ranking cryptocurrency for good. UBS Executive Sounds the Death Knell for Bitcoin According to CNBC, Paul Donovan, Chief Economist of UBS Global Wealth Management, stated that he didn’t have any praises for Bitcoin, instead, was ready to bury the number one virtual currency. The UBS… Read More »

Will History Repeat? Bitcoin Price Patterns Repeating Previous Market Cycle

Price predictions have been coming thick and fast over the past couple of weeks since crypto markets took their biggest dive in mid-November. Bitcoin has been the litmus test for the rest of the crypto market which still seems to be hopelessly coupled to its price swings.Are we at the bottom yet?Analysts and traders have been scrambling to… Read More »

Steemit Announces Structural Reorganization, Laying of 70% of Employees

The decentralized content platform that rewards content providers with cryptocurrency, Steemit, recently announced a corporate restructuring that will result in a significant amount of their workforce being cut.The announcement, which was made by the company’s CEO in a recent post, explained that the weakness of the cryptocurrency markets has affected both the company’s cryptocurrency (STEEM) and the company’s user-base, forcing… Read More »