BitCoin Update


Bitcoin crashes 37 percent in November, wiping $70 billion off of cryptocurrencies' market value

Bitcoin crashes 37 percent in November, wiping $70 billion off of cryptocurrencies' market value

November will be a month to remember for bitcoin investors. The world's largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is now down more than 70 percent since the start of 2018 and 80 percent from its all-time high hit late last year.
Bitcoin Is 'Here To Stay' Says Wall Street Boss Amid Crypto Rout

Bitcoin Is 'Here To Stay' Says Wall Street Boss Amid Crypto Rout

Bitcoin has been struggling recently, losing 40% of its value in just two weeks, as a civil war in rival cryptocurrency bitcoin cash and fears much-anticipated institutional investment will fail to materialize weigh on bitcoin and cryptocurrency investors. Bitcoin's woes have caused many to doubt the future of cryptocurrencies, though others are confident bitcoin and its peers will soldier on, with New York Stock Exchange (NYSE) chairman Jeff Sprecher among the more optimistic.
Bitcoin Surges 8% Overnight in Corrective Rally, Potential Full Reversal?

Bitcoin Surges 8% Overnight in Corrective Rally, Potential Full Reversal?

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Bitcoin, Ripple (XRP), And Ethereum Got Roasted Over Thanksgiving--Here's Why

Bitcoin, Ripple (XRP), And Ethereum Got Roasted Over Thanksgiving--Here's Why

Bitcoin fell sharply over the Thanksgiving weekend, dragging the wider cryptocurrency market down with it, including ripple (XRP) and ethereum's ether, as last week's huge sell-0ff surged back, destroying hopes the bitcoin market had found a floor.
Bitcoin sinks below $4,000 as the crypto market takes another hefty beating

Bitcoin sinks below $4,000 as the crypto market takes another hefty beating

As we hang out with family and friends this holiday season, it’s interesting to look back on the Bitcoin  mania that we endured one Thanksgiving ago. Aunts and uncles asking about internet money as you passed the mashed potatoes while trying to explain the concept of decentralization in a way that made it seem like you knew your stuff. Well, as we near a year since many of the top tokens hit their all-time-highs, we’ve seen the prices come crashing down as more manageable expectations of the crypto market have seemed to prevail. You probably didn’t have quite as many relatives picking your brain this year for crypto investment tips.
Bitcoin plunges as much as 16% to below $4,100, a new low for the year

Bitcoin plunges as much as 16% to below $4,100, a new low for the year

Bitcoin is still struggling to find a bottom this week. The digital currency dropped as much as 16 percent on Tuesday to its lowest level since Sept. 30, 2017, according to data from CoinMarketCap.com. Bitcoin fell as low as $4,076.59, bringing its total losses in seven days to roughly 30 percent. The cryptocurrency briefly pared those losses and was down about 7 percent in afternoon trading. As U.S. stock markets closed though, bitcoin was still down 12 percent over 24 hours, trading near $4,299, according to data from CoinDesk.
Hackers infect nearly 700,000 sites with Bitcoin-stealing malware

Hackers infect nearly 700,000 sites with Bitcoin-stealing malware

Cryptocurrency hackers have attacked one of the internet’s most used traffic analytics services, StatCounter, in order to siphon Bitcoin $BTC▼0.81% from users of online exchange desk Gate.io. In a targeted attack, hackers breached StatCounter to such an extent that over 688,000 websites were caught loading the malicious script, ZDNetreports.
Bitcoin Cash Spikes 20 Percent in the Wake of Upcoming Hard Fork Backed by Binance

Bitcoin Cash Spikes 20 Percent in the Wake of Upcoming Hard Fork Backed by Binance

Crypto markets have seen a lot movement today, with most of the top 20 coins by market cap seeing significant growth, and with Bitcoin Cash (BCH) spiking almost 21 percent by press time. Bitcoin Cash, the fourth top cryptocurrency by market capitalization, has grown sharply from $473 at the beginning of the day to as high as $573 as of press time, which is the highest trading point of the cryptocurrency over the past month. Trading around $420 for the most part of the week, Bitcoin Cash started this upward trend on Nov. 2.
Ethereum CryptoKitties Creator Scores $15M From Google, Samsung

Ethereum CryptoKitties Creator Scores $15M From Google, Samsung

While the cryptocurrency market continues its mundane sideways price action, CryptoKitties, and its creator, Vancouver, Canada-based Dapper Labs, has continued to see growing interest from external investors, who seem to be enamored with the idea of Ethereum-based collectible cats. Per a report from Bloomberg, which was published on Thursday morning. the venture branches of Google (Alphabet), Samsung, and Venrock threw millions at Dapper Labs, a spinoff of the also Vancouver-based Axiom Zen, in an unexpected turn of events.
Hacked Canadian Bitcoin Exchange MapleChange Returns to Twitter, Opens Refund Chat Room

Hacked Canadian Bitcoin Exchange MapleChange Returns to Twitter, Opens Refund Chat Room

Following yesterday’s report that MapleChange had claimed to have been hacked and gone offline, the Canadian bitcoin exchange’s Twitter account has come back to life, and they have opened a Discord chat room in order to facilitate altcoin refunds. According to a tweet, they will not be refunding any litecoin or bitcoin deposits. Their main website remains offline.


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