|Day's Range||134.8 - 135.63|
|52 Week Range||28.22 - 473.21|
|Volume (24hr) All Currencies||33.89M|
Cryptocurrencies are increasingly becoming mainstream, a development that has forced developers to come up with apps for storing, tracking and mining an array of Altcoins. Below are the best cryptocurrencies apps in 2018.
It’s been a rough ride at the start of the week, with the majors seeing relatively heavy losses as the market continues to be gripped by the anticipation of unified global rules and regs that could leave investors with little alternatives to evade the system.
Monero’s XMR was back in the red in the early hours, tracking the broader market, with investors needing to shake off Monday’s late sell-off to support a run at major resistance levels later in the day.
Bitcoin renews the local maximums and its current growth happens while trade discrepancies increase. A possible favorable decision of American regulators on Bitcoin ETF becomes the latest news driver and should lead to new money inflows from institutional investors.
A 51% attack on a blockchain refers to a miner or a group of miners trying to control more than 50% of a network’s mining power, computing power or hash rate. People in control of such mining power can block new transactions from taking place or being confirmed.
Monero’s XMR is looking to buck the trend, following solid gains last week, but with investors quick to lock in profits, the broader market reversal at the start of the week may ultimately take its toll.
These ranges can’t last forever and if Bitcoin doesn’t make a move soon, another sell-off looks to be on the cards, with investors likely to get frustrated at the lack of movement, Bitcoin’s peers providing far greater volatility.
It’s been a slow start to the day for Bitcoin, which could spell more trouble ahead as some of the majors rally through the morning to begin reversing Tuesday’s losses and move into positive territory for the week.
It’s a range bound start to the day for Bitcoin, investors treading carefully following last week’s loss as the bears look to a return to sub-$6,000 levels to bring sub-$5,000 into play later in the week.
It’s been a tough start to to the day and things are unlikely to get too much better for Monero’s XMR, a partial recovery from the morning’s low as good as it’s likely to get, with sub-$110 levels in play.
Bitcoin has had another range bound start to the day, with the bulls struggling to form a weekend rally to recover the week’s losses, as investors look for a reason to jump back in following the bearish moves through the week.
The alt coins that we follow here at FX Empire have struggled during the week as both Bitcoin and Ethereum have as well. Because of this, it makes sense that these markets have been a bit difficult to lift at these low levels.
Alt coins were relatively quiet during the trading session on Friday, and over the last several days have been somewhat stagnant. The question now is whether they are trying to make some type of base? That would of course be a very positive turn of events and could get traders excited about than once again. Both Bitcoin and Ethereum have shown signs of support as well, at least on the weekly charts. That could come into play over here.
The alt coins of course continue to react to both Bitcoin and Ethereum, which have been a bit noisy as of late. It looks as if we continue to see a specific moving average cause a reaction as well, so this at some a bit of technical clarity for the pairs that we follow.
Monero’s XRM was on the move this morning, supported by a broad based market rally, though whether the morning’s momentum can continue into the afternoon remains to be seen, the bears every present in the market.
The alt coins that we follow here at FX Empire are all struggling, and it looks likely that we are going to continue to go lower at this point. I think that rallies are to be looked at with suspicion, and I believe that there are plenty of sellers out there to punish the alt coins.
Alt coins initially tried to rally during the day on Tuesday but continue to struggle as there is a lot of volatility in the crypto currency markets. I think that the market will continue to be tough, but after the recent selloff, we certainly have developed a stronger bearish tone.
A Palo Alto Networks study has found that among 630,000 samples of crypto jacking malware, 530,000 of them were used to mine Monero (XMR) while 53,000 targeted Bitcoin (BTC) as another 16,000 targeted Cryptonite (XCN).
The crypto currency markets got slaughtered during the beginning of the week, as we have had increased government interference with exchanges. As the Bitcoin and Ethereum markets fell apart, the smaller markets of course did the same thing. That being the case, it’s not a surprise that there is no hope of this market turning around in the short term.
The Bitcoin Bears are back and Bitcoin’s slide through the morning was a spectacular one, with more on the horizon when considering investor sensitivity to regulatory chatter.
The alt coins continue to sell off during the week, as we continue to see softness in the minor coins as far as crypto currencies are concerned. Until Bitcoin and Ethereum can pick up the momentum, these coins will also struggle, as the liquidity just isn’t there.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after Tom Lee notes that bitcoin has traded 30% below its 200 day moving average. The prior two occurrences coincided with a major price low within about one month.
Yahoo Finance's Jared Blikre joins Stephanie Sy from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the Thailand Securities and Exchange Commission green lighted 5 initial coin offerings to be sold later in the month.