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Men in Black: International is the No. 1 movie in North America this weekend, but the Tessa Thompson and Chris Hemsworth-led reboot isn’t exactly a franchise-revitalizing hit. Hampered by poor reviews, Sony Pictures on Sunday estimates that the film earned only $ 28.5 million in ticket sales nationwide over the…
DUBAI, United Arab Emirates (AP) — Attacks against mosques, shrines and followers of Sufi sheikhs in Sri Lanka more than a decade ago point to early warning signs of fundamentalism taking root among a sliver of the country's Muslims.
Boeing will “temporarily” cut production of 737 Max planes as the company continues work on a software upgrade to the flight control system implicated in two fatal crashes, Boeing’s chief executive said Friday.
By mid-month, the Chicago aerospace giant will reduce production of its 737 Max planes…
Schlumberger Ltd. and Halliburton Co., two of the largest providers of oil services, said Monday there will be a double-digit drop in spending from customers in the U.S. and Canada this year, a gloomier outlook than they had previously given. An explosive surge in output from shale formations has pushed U.S. oil production past Russia and Saudi Arabia to become the world’s largest. In addition to financial limits, technical difficulties are sparking concern that some oil production forecasts won’t materialize.
German police say a drunken man with a fire extinguisher smashed his way into the driver’s cab of a high-speed train running from Frankfurt to Paris and demanded that the driver slow down. Federal police said the ICE train operated by Germany’s Deutsche Bahn stopped near Frankfurt after the incident…
In 2016, a tiny Bay Area start-up announced an experiment that seemed equal parts medieval sorcery and science fiction: It would inject older people with the blood plasma of young donors in a bid to slow aging.
For three years, Ambrosia Chief Executive Jesse Karmazin charged patients $ 8,000 to…
The leading cryptocurrency markets have seen a slow start to the year, with the top three markets by capitalization shedding between 10% and 37% since early January’s local highs. January has also seen volatility in market cap rankings, with XRP and ETH competing for the second largest crypto asset capitalization, and EOS, USDT, and BCH competing for a position within the top five.
BCH Maintains Triple Figures Throughout January
After ending 2018 with a roughly 200% bounce from the all-time lows at the $ 75 area, BCH/USD has produced a slow start to 2019, slipping 36% from the Jan. 3 local monthly high of $ 175 to currently trade for approximately $ 110. When measured from the local top of $ 240 posted on Dec. 21, BCH has lost nearly 54 percent over the course of six weeks.
On Jan. 28, the markets saw significant selling pressure that drove BCH down 15 percent in just 12 hours to test support at $ 100. Since then, BCH has made slight gains amid consolidation, but appears poised for a retest of all-time lows should the current support area fail to hold.
When measured against BTC, BCH has also shed most of the gains it garnered during the late December bounce, with the current price of 0.032 BTC comprising a 43% drop from the Dec. 21 local high of 0.057 BTC, and a loss of 27% from January’s high of 0.044 BTC, with BCH currently trading for 0.032 BTC.
Despite the bearish price action, this past week’s selling pressure saw BCH/BTC retest the upper side of the descending trendline that appears to have guided price action over the course of the preceding six weeks. However, should the current support area fail to hold, it is likely that BCH will retest the all-time low area of 0.025 BTC.
Bitcoin cash is currently the sixth largest cryptocurrency with a market capitalization of $ 1.96 billion. BCH market dominance has slipped by nearly half a percent since the start of the month, dropping from 2.20% to nearly 1.73%.
BTC Experiences Low Volatility During January
BTC/USD has traded within a tight range during 2019 so far. BTC began January trading for $ 3,700, before posting a monthly high of $ 4,100 on Jan. 8.
Since then, BTC steadily bled down to yesterday’s local low of $ 3,325, a 19% drop in three weeks. BTC currently has a market capitalization of nearly $ 60.6 billion, and a dominance of 53.42%, up 1.5% since the start of the year.
XRP Ranks Second by Market Cap for Most of January
Opening January trading for nearly $ 0.35, XRP/USD spent the first 10 days of 2019 oscillating within an approximately 10% range, before posting a monthly high of over $ 0.38 on Jan. 10. Since then, ripple has fallen by roughly 25%, with prices currently testing support at December’s lows of roughly $ 0.28.
Despite also producing a bearish start to 2019, the XRP/BTC charts show bullish price action, with XRP currently testing the support at the long-term key price area of 0.000084 BTC. However, XRP has fallen by nearly 12% since opening the year trading for 0.000095 BTC.
After starting the year as the second-ranked crypto asset by market cap with a dominance of roughly 11.50%, ripple slipped to third on Jan. 3 and Jan. 11. XRP has since regained its rank as the second largest crypto asset by capitalization, with XRP currently posting a market cap of $ 12.01 billion and a dominance of 10.57%.
ETH Posts Volatile Start to 2019
ETH/USD traded within a wide range during January, opening the year at roughly $ 135 before gaining over 25% in roughly one week. After posting a monthly high of approximately $ 170 on Jan. 6, ETH has since lost more than 37% against the dollar, with current prices testing support just below $ 110.
ETH/BTC started the year trading for roughly 0.035 BTC, before rallying over 17% in a week to post a three-monthly high of approximately 0.041 BTC on Jan. 6. Since then, ETH has fallen 26% when measuring against bitcoin core to currently trade for nearly 0.031 BTC.
ETH is currently the third-largest cryptocurrency by market cap, with a capitalization of $ 11.08 billion. ETH dominance has fallen from 11.05% at the start of January to 9.78% as of this writing.
What do you think the overall trend for 2019 will be? Bullish? Bearish? Sideways? Share your prediction in the comments section below!
Images courtesy of Shutterstock
Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com 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.”
The post Markets Update: Top Crypto Assets Open 2019 With Slow Month of Trading appeared first on Bitcoin News.
Stock indexes sank Monday after announcements from Caterpillar and Nvidia highlighted how much China’s slowing economic growth is hurting U.S. companies’ profits.
Caterpillar, a bellwether for industrial companies, reported fourth-quarter earnings that fell well short of analysts’ expectations…
During the first two weeks of 2019, initial coin offerings (ICOs) raised roughly $ 90 million, according to data published by Icobench. Of the total funds raised this year so far, $ 80.2 million can be attributed to the Chelle Coin ICO.
Slow Start to 2019 for Initial Coin Offerings
47 ICOs launched during the first week of January, bringing the total number of ongoing initial coin offerings to 424. Despite the large number of ongoing ICOs, only $ 6 million was collectively raised between Jan. 1 and Jan. 7, comprising the smallest combined weekly total raised by ICOs since 2017.
During the second week of January, the total raised by initial coin offerings jumped substantially after Chelle Coin, an ICO for an “investment platform backed by performing North American True Estate,” generated $ 80.2 million from Canadian investors. Excluding Chelle Coin, the combined total raised by ICOs between Jan. 7 and Jan. 15 was $ 3 million.
ICOs Post Steep Decline in Fundraising During Second Half of 2018
The slow start to 2019 follows a significant decline in the average performance of initial coin offerings during the final six months of 2018.
After averaging a monthly total of $ 1.45 billion collectively during the first half of 2018, the combined monthly average raise by ICOs fell by 65 percent to just $ 500 million in the second half of the year. Additionally, the combined total raised by initial coin offerings fell short of 2017’s monthly average of roughly $ 850 million for the entire second half of last year.
The average sum raised by each individual ICO also fell by more than 50 percent year-over-year, dropping from $ 24.4 million in 2017 to nearly $ 11 million in 2018. Despite the decline in the average performance of ICOs, the collective total raised by ICOs increased last year, with 413 offerings raising $ 10.06 billion in 2017 versus 1,012 offerings raising $ 11.59 billion in 2018.
Singapore Comprises Leading Nation for ICO Fundraising During 2018
Nearly $ 1.54 billion was raised by Singapore-based ICOs during last year, equating to 13 percent of the fundraising total. The total was raised from 275 offerings, making Singapore the second most popular destination for ICO issuers.
While the United States hosted the largest number of ICOs during 2018, the 288 U.S.-based offerings accounted for $ 1.22 billion in raised funds last year, or 11 percent of the global total. The United Kingdom ranked third by collective total raised and number of ICOs, with 222 offerings generating $ 945 million.
The Cayman Islands hosted the fourth largest total raised by the ninth largest number of offerings, with $ 917 million raised by just 56 offerings. Switzerland ranked fifth by combined fundraising and number of ICOs, hosting 136 offerings that generated $ 845 million. These five countries accounted for 47 percent of the combined global sum raised by ICOs in 2018.
Do you expect that initial coin offerings will continue to recede? Are you expecting capital to shift towards security token offerings instead? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Icobench
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