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| September 24, 2018

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China Cancels Trade Talks With U.S. Amid Escalation in Tariff Threats

September 22, 2018 |

China scotched trade talks with the U.S. that were planned for the coming days, according to people briefed on the matter, further dimming prospects for resolving a trade battle between the world’s two largest economies.
WSJ.com: What’s News Asia

CNN

Pope defrocks Chilean priest amid sex abuse scandal

September 17, 2018 |

Pope Francis has expelled the Reverend Cristian Precht Bañados of Chile, according to a statement from the Archdiocese of Santiago.
CNN.com – RSS Channel – Regions – Americas

Russian Pussy Riot Member Is Hospitalized Amid Fears of Poisoning

September 14, 2018 |

A member of Pussy Riot, a Russian punk-themed group that has drawn global media interest in recent years for its public anti-Kremlin protests, was hospitalized this week, with band members suspecting he was poisoned.
WSJ.com: What’s News Europe

U.S. Eyes Military Expansion in Greece Amid Turkey Strains

September 12, 2018 |

The U.S. military is in talks to expand its operations in Greece, including using more air and naval bases, signaling a potential move toward the eastern Mediterranean amid tensions with Turkey, officials said.
WSJ.com: What’s News Europe

Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses

September 12, 2018 |

Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses

Many altcoins have posted significant losses in recent days, with ETH currently testing price levels not seen in over 12 months after losing 40% in roughly one week. The declining value of altcoins has also driven BTC to continue to establish new highs for market dominance during 2018.

Also Read: Chinese Report Finds 9 in 10 Altcoins to Have Stolen 80% of Their Code

BTC Gains Dominance

The heavy losses sustained by many leading altcoin markets have led BTC to continue to further its market dominance over other cryptocurrencies. As of this writing, BTC has a market dominance of 57.6% and is trading for roughly $ 6,300 USD.

Despite stable price action over recent days, BTC has shed approximately 16% in the last 8 days. BTC currently has a market capitalization of nearly $ 109 billion.

The number of BTC short positions is testing the all-time high level of roughly 38,000 for the second time in roughly one month.

BCH Hits New Low for 2018

Bitcoin Cash has experienced a bearish week or so of price action, losing approximately 30% in the last 8 days when measuring against the dollar. With prices currently hovering at the $ 420 area, BCH has established a new low for 2018 and is currently testing price areas not witnessed since late October 2017.

When measuring against BTC, BCH is trading for approximately, 0.067 BTC – a key support area dating back to the market’s inception a year ago.

 

BCH is currently the 4th ranked cryptocurrency market by capitalization with roughly $ 7.35 billion.

ETH Breaks Below $ 200

In the last 8 days, ETH has lost roughly 41% when measuring against the dollar. The drop plunged the price of ETH down to the $ 170 area – prices not seen since mid-July 2017.

Ethereum’s market dominance has dropped below 10% for the first time since December 8th, 2017, and March 2017 before then – with ETH currently comprising 9.6% of the total cryptocurrency market cap, according to Coinmarketcap.

When measuring against BTC, ETH is testing the support area of approximately 0.0275 BTC for the first time since December 2017.

Both ETH/USD Shorts and Longs Test All-Time Highs

As of this writing, the number of both ETH/USD shorts and longs are testing record highs on Bitfinex – with longs breaking into new all-time highs above the 350,000 area as of this writing, and shorts testing the 240,000 area for the second time in just a few days.

ETH/USD Longs – Bitfinex – 1D
ETH/USD Shorts – Bitfinex – 1D

ETH is the second largest cryptocurrency market with a capitalization of $ 17.76 billion.

Other Leading Altcoins Post Significant Losses

XRP dropped by 21% in 8 days to retest support at its 2018 low of approximately $ 0.26. XRP is the third-ranked market by capitalization with $ 10.43 billion.

XRP/BTC – Bitfinex – 1D

EOS is trading for approximately $ 4.85 after losing 25% in 8 days. EOS has now tested the roughly $ 5 area for several consecutive weeks. EOS is the fifth largest cryptocurrency by market cap with nearly $ 4.4 billion.

EOS/USD – Bitfinex – 1D

Stellar has posted the most modest losses among leading altcoins for the last 8 days – falling by roughly 16%. Stellar is the sixth largest crypto market with a capitalization of $ 3.65 billion.

STR/USD – Bitfinex – 1D

LTC set a new low for 2018 today, breaking below $ 50 for the first time in nearly 12 months. As of this writing, LTC is trading at $ 49 after shedding roughly 28% of its value in 8 days. LTC has the seventh largest cryptocurrency market cap with $ 2.87 billion.

LTC/USD – Bitfinex – 1D

ADA is the ninth largest cryptocurrency with a market cap of $ 1.65 billion. ADA posted the most violent losses of the leading altcoin markets this week, losing roughly 60% in 8 days. ADA is currently trading at a record price low of $ 0.064 USD.

ADA/USD – Bitfinex – 1D

XMR has fallen by 29% in the last 8 days and is currently testing support at the $ 100 area. XMR is the tenth largest cryptocurrency market with a capitalization of $ 1.62 billion.

XMR/USD – Bitfinex – 1D

Do you think we will continue to see bearish market action across the cryptocurrency markets in the short-term? Share your thoughts in the comments section below!


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The post Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses appeared first on Bitcoin News.

Bitcoin News

Tech stocks lead market to gains amid recovery from last week’s slump

September 11, 2018 |

U.S. stocks rallied Tuesday as technology companies continued to recover from their recent losses.

Big technology companies slumped last week as executives from Facebook and Twitter appeared before Congress at hearings about election meddling and political bias.

On Tuesday, Apple climbed a day…


L.A. Times – Business

CBS Chief Moonves Resigns Amid Sexual Misconduct Claims

September 10, 2018 |

CBS CEO Leslie Moonves is stepping down from the company amid accusations that he sexually harassed and assaulted numerous women over his career, a stunning downfall for one of the entertainment industry’s most powerful figures.
WSJ.com: What’s News Asia

CBS Chief Moonves Resigns Amid Sexual Misconduct Claims

September 10, 2018 |

CBS CEO Leslie Moonves is stepping down from the company amid accusations that he sexually harassed and assaulted numerous women over his career, a stunning downfall for one of the entertainment industry’s most powerful figures.
WSJ.com: US Business

Amid EpiPen shortage, Walgreens teams up with drug company that offers an alternative

September 6, 2018 |

Amid a shortage of EpiPens, pharmacy chain Walgreens is teaming up with a drugmaker that makes a competing allergy injection.

The Auvi-Q — a device used to inject epinephrine to counter severe allergic reactions — is available for the first time at Walgreens stores nationwide. Before, people seeking…


L.A. Times – Business

TMZ

White House Struck by Lightning Amid Figurative Storm Brewing Over Trump

September 4, 2018 |

The Lord didn’t send thunder or hail, but maybe a lightning strike at the White House can jolt President Trump onto a righteous path … because a little shock therapy never hurts. There’s a thunderstorm in the nation’s capital and the…

TMZ.com