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| October 23, 2018

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losses Archives -

Second Day of Huge Losses for US Stocks

October 11, 2018 |

Stocks are slumping for a second straight day as the market endures its most volatile stretch since February, the AP reports. The Dow Jones industrials fell 545 points, or 2.1%, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1%, to 2,728.37….

Asian stocks slump after losses on Wall Street

October 11, 2018 |

Asian markets were broadly lower Thursday after Wall Street slumped on a heavy selling of technology and internet stocks.

Japan’s benchmark fell by an unusually wide margin of 3.9 percent, and China’s main index lost 4.3 percent. Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded…

L.A. Times – Business

Stock indexes slip, and tech-sector losses mount

October 8, 2018 |

Nearing the end of the trading day, U.S. stocks were lower for the third session in a row Monday as technology companies again took steep losses. Major indexes were coming off two weeks of declines, and a big jump in bond yields startled investors last week.

Stocks in Europe fell after Italy’s…

L.A. Times – Business

Sears Reports Widening Losses and Tumbling Sales

September 14, 2018 |

Sears Holdings Corp. is limping into the critical holiday season, after the struggling company reported its quarterly sales fell 26% and it continues to close dozens of stores. US Business

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

Markets See Small Losses on Amazon’s Big Day

September 4, 2018 |

US stocks finished lower Tuesday as losses for health care and technology companies canceled out gains for banks, per the AP . Investors didn’t commit to many big moves as trading resumed after the Labor Day holiday. They are likely to focus on trade this week, as the US is scheduled…

US to Start Paying Farmers $4.7B for Trade War Losses

August 28, 2018 |

Starting next week, farmers who have taken a financial hit because of trade disputes between the US and other countries can apply for government assistance. The White House will dole out $ 4.7 billion in direct aid to help make up for their reduced profits, reports Bloomberg . Most of that,…

Markets Update: Bloody Crypto-Markets Suffer More Losses

August 14, 2018 |

Markets Update: Bloody Crypto-Markets Suffer More Losses

Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $ 20 billion USD. All eyes will surely be fixed on digital asset charts this week as there’s been a plague of bearish market sentiment cast over the entire crypto-economy.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip 

There’s Blood in the Crypto-Streets

When it comes to cryptocurrency markets today on August 14, there’s an awful lot of ‘blood in the streets.’ During yesterday’s trading sessions, the entire cryptocurrency economy dropped under the sub-$ 200B zone and today the valuation is hovering around $ 195-199B. This is due to the extreme losses many digital currencies have suffered through over the past three days. A great majority of coins are seeing losses between 3-25 percent today as many assets have touched their previous bottoms or lower. Overall trade volume this Tuesday has increased, likely because prices are so low right now, and over the last 24-hours around $ 15.9B cryptocurrencies have been traded.

Markets Update: Bloody Crypto-Markets Suffer More Losses
The top ten digital assets today on August 14, 2018, at 10 am EDT.

Bitcoin core (BTC) has been able to dodge a lot of the downward blows as the currency has lost a lot less percentage wise than most other coins. This has led to BTC dominance or its market capitalization measured in comparison with the entire crypto-economy valuation to spike upwards of over 54 percent. Out of the top ten digital assets, cardano (ADA) has taken the biggest blow and has sunk to the 8th highest position because it lost over 16.8 percent in value over the last 24-hours. The price of ADA has dipped to around $ 0.09 per coin at the time of publication.

Markets Update: Bloody Crypto-Markets Suffer More Losses
Out of the top ten digital assets, cardano (ADA) has lost the most over the last 48-hours.

This is followed by the second biggest top ten loss with ethereum (ETH) seeing its market value lose 16.1 percent today with one ETH trading for $ 268. The third largest top ten loss today belongs to EOS as its markets are down 13.7 percent with one EOS trading for $ 4.44 per coin.

Bitcoin Core Market Action

Bitcoin core markets are down 3.94 percent today, and the cryptocurrency has been fighting to hold above $ 6,050-$ 6,175 per coin over the last day. Last night the BTC/USD price dropped to $ 5,880 coming awfully close to the currency’s assumed bottom at $ 5,774. Today BTC trade volume over the last day has been fairly decent at $ 5.5B and the currency’s entire market valuation is about $ 106B at press time.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The top five exchanges swapping the most BTC includes Bitflyer, Okex, Bitfinex, Binance, and Coinbene. The trading pairs seeing the most swaps today with BTC includes tether (USDT 50.2%), USD (26.5%), JPY (11.3%), EUR (4.7%), KRW (2.4%) and bitcoin cash (BCH 1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BTC/USD 4-H, August 14, 2018, 10 am EDT Coinbase.

Bitcoin Cash (BCH) Market Action

Bitcoin cash markets have seen a 24-hour loss of around 15 percent today and the currency’s market capitalization is around $ 8.5B. At the moment bitcoin cash is trying to stay above $ 490-515 at the time of writing but bulls have been struggling. Last night BCH dipped to a low of $ 472 on Bitstamp, but trade volume had spiked over $ 400M+ pushing the price back up after the drop.

Markets Update: Bloody Crypto-Markets Suffer More Losses

The five leading bitcoin cash exchanges today include Coinex, Okex, Binance, Hitbtc, and Bitfinex. The currencies that are currently being traded with bitcoin cash the most includes tether (USDT 49.1%), BTC (27%), USD (13.1%), QC (2.83%), ETH (2.79%), and the KRW (1.88%).

Markets Update: Bloody Crypto-Markets Suffer More Losses
BCH/USD 4-H, August 14, 2018, 10 am EDT Bitfinex.

The Verdict: Volatile Markets and Heavy Losses Increase Uncertainty

Digital asset markets have been wild over the past few weeks and many traders seem uncertain about where the ‘good-ship-crypto’ will go from here. 2017 was an exceptional year and the past seven months of 2018 has been literally the exact opposite as far as cryptocurrency values are concerned. The cryptocurrency economy as a whole has lost considerable value which in turn is brewing deep skepticism towards the future of certain crypto-markets. For now, most traders remain uncertain of where things will go and many are praying they played their positions correctly in hopes they don’t get squeezed. At the moment digital asset prices are starting to see a slight recovery after the significant losses last night. 

Where do you see the price of BTC, BCH and other coins headed from here? Let us know in the comment section below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

Images via Shutterstock, Trading View, and Satoshi Pulse.

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The post Markets Update: Bloody Crypto-Markets Suffer More Losses appeared first on Bitcoin News.

Bitcoin News

Stocks mixed in early trading as gains by banks and energy companies are offset by other losses

July 30, 2018 |

Stocks on Wall Street were off to a mixed start Monday as gains in banks and energy companies were offset by losses in other sectors.

Phone companies were also higher in early trading. AT&T rose 1.9%.

Company earnings were again a focus for investors.

Heavy machinery maker Caterpillar rose 1% after…

L.A. Times – Business