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| January 22, 2019

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‘Worst Movie of 2019! Boom! Try to Top That!’

January 18, 2019 |

Audiences seem to like Glass , the finale to M. Night Shyamalan’s Unbreakable horror series, giving it a 78% rating on Rotten Tomatoes —some consolation for the 35% rating from critics. They have little love for the follow-up to 2000’s Unbreakable and 2016’s Split , which brings together David Dunn (Bruce Willis)…
Newser

Democrats: This New Report on Trump One of the Worst Yet

January 18, 2019 |

Michael Cohen has admitted that he lied to Congress about Donald Trump’s ambition to build a tower in Russia. But a new report from BuzzFeed adds a wrinkle that has bombshell implications if true. The report, based on two anonymous law enforcement sources, alleges that Trump, as president, ordered Cohen…
Newser

Macy’s flop reinforces investors’ worst fears about retail

January 10, 2019 |

Macy’s Inc. didn’t have as merry a Christmas as it expected, and now all of retail is under the microscope.

The department store giant released disappointing holiday sales results Thursday, with comparable sales rising 0.7% — or 1.1% including licensed departments — from the year-earlier quarter….


L.A. Times – Business

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record

January 8, 2019 |

When looking at monthly market performance, 2018 was the bloodiest year in the history of the cryptocurrency markets. Of the seven largest cryptocurrencies by market cap, only three were able to produce more than two green monthly candles during 2018.

Also Read: Bitblock Publishes Alternative Valuation Model That Suggests BTC Is Underpriced

BTC and ETH Produce Most Red Monthly Candles in Calendar Year Ever

In 2018, bitcoin core (BTC) saw the most red monthly candles in its history, posting three green and nine red monthly candles throughout the year. BTC gained 2% during the month of February, 33% April, and 21% July. The price of BTC fell by roughly 73% during 2018, opening the year trading for $ 13,900 and closing 2018 at roughly $ 3,700.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
BTC/USD – Bitstamp – 1M, 2018

Based on monthly performance, the second most-bloody year in BTC’s history was 2014, during which BTC posted four green and eight red monthly candles. In 2014, BTC fell by 56% from $ 730 to $ 320.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
BTC/USD – Bitstamp – 1M, 2014

ETH also posted its poorest annual performance during 2018 with three green and nine red monthly candles. The price of ETH gained 53% in January, nearly 75% in April, and 19% in December of last year. Overall, ETH shed nearly 82% of its value during 2018, falling from roughly $ 735 to start 2019 trading for $ 135.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
ETH/USD – Poloniex (Estimated by Tradingview) – 1M, 2018

XLM Posts Strongest Monthly Performance of Top Markets

Stellar (XLM) was the strongest performing cryptocurrency of 2018 when counting green candles, posting four green and eight red candles during last year. XLM started 2018 with a gain of 53% in January, before gaining 103% in April, 44% during July, and 17% in September.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
XLM/USD – Bittrex (Estimated by Tradingview) – 1M, 2018

Despite performing better than many other crypto assets during 2018, XLM posted its worst performing year on record. XLM lost 67% during last year, opening 2018 at $ 0.35 and closing the year below $ 0.12.

BCH, XRP, EOS, and LTC Post Just Two Green Monthly Candles During 2018

BCH posted green months during April and July of 2018, during which it gained 97% and less than 4% respectively. Overall, BCH shed roughly 94% of its value last year, trading for nearly $ 2,400 at the start of January and closing the year at roughly $ 150.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
BCH/USD – Kraken – 1M, 2018

XRP’s sole green months for the year were April and September, which saw monthly gains of 66% and 74%. XRP posted an annual loss of 82%, falling from nearly $ 1.97 to end 2018 trading for $ 0.36.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
XRP/USD – Bitfinex – 1M, 2018

EOS saw bullish action during January and April of last year, during which the market posted gains of 59% and 195% respectively. EOS dropped by 78% during 2018, sliding from $ 12.17 to close the year at $ 2.62.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
EOS/USD – Bitfinex – 1M, 2018

LTC Produces Second-Most Bearish Year on Record

During 2018, LTC posted modest monthly price gains in February and April, with LTC increasing by 23% and 28%. Overall, LTC fell by 86% last year.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
LTC/USD – Coinbase – 1M, 2018

Despite the heavy losses, 2018 comprised LTC’s second most-bearish year on record. During 2014, LTC fell 88% from roughly $ 23.80 to $ 2.75, and only posted a single green monthly candle.

Leading Crypto Markets Post Worst Year of Monthly Price Action on Record
LTC/USD – Bitfinex – 1M, 2014

Do you think the worst of the bear trend has already passed? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradingview.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Leading Crypto Markets Post Worst Year of Monthly Price Action on Record appeared first on Bitcoin News.

Bitcoin News

A Look at 2018’s Best and Worst Performing Cryptocurrencies

December 23, 2018 |

A Look at 2018’s Best and Worst Performing Cryptocurrencies

With the dust all but settled on 2018, it’s time to reflect on the year’s best and worst performing cryptocurrencies. In the Best category, there are few standout candidates, with all major altcoins deeply mired in the red. The Worst category, however, is stocked with shockers, including coins that need to multiply more than 100x in price to reach their former glory.

Also read: Spot Develops New Bitcoin and Cryptocurrency Portfolio App

Altcoins Have a Long Way to Go

The last seven days have been extremely positive for the cryptocurrency markets, with many digital assets up between 40 and 70 percent. Iota is up 67 percent, stratis 108 percent, and bitcoin cash 150 percent. It’s an impressive recovery, but it’s certainly not a reversal. Back in January, “expert” traders were throwing out wildly ambitious end of year targets that, amidst full bull market hysteria, may not have seemed that outlandish at the time. With 11 months of hindsight, however, it’s evident that calls for $ 500 neo and $ 20 ripple were total fantasy.

A Look at 2018’s Best and Worst Performing Cryptocurrencies

None of the altcoins that were tradable at the start of 2018 are on course to finish the year in the green, and it’s no coincidence that the coins that have lost the least, such as BSV, are also the newest, having been spared the bulk of the bloodletting that’s characterized 2018’s protracted bear market. An examination of the break-even multiple – i.e. the number of times an asset would need to double to reach its former all-time high – shows that many altcoins haven’t a snowball’s chance in hell of reaching the giddy heights they once occupied.

188x to Break Even

The worst performing altcoin, based on Messari’s break-even multiple, is zclassic (ZCL). One year ago, it was pumped to a high of $ 235 ahead of a fork to create bitcoin private (BTCP). Both coins have since performed disastrously, ZCL because it’s a dead coin and BTCP because it was always a shitcoin whose primary purpose was to enrich ZCL bagholders. Today, ZCL trades at $ 1.25 and would require a 188x to reach its former top. Down 97 percent from its own all-time high, BTCP would require a 33x.

A Look at 2018’s Best and Worst Performing Cryptocurrencies
Worst performing cryptocurrencies by break-even multiple

Other altcoins that have a long way to climb include rchain (RHOC), a project that is close to bankruptcy, and which has a break-even multiple of 83x. Ethos requires an 85x and smartcash 113x. To place these losses in context, BTC is down 5x from its high one year ago. This puts it in the top 10 cryptocurrencies based on break-even multiple. Only a handful of altcoins that were available one year ago, such as mana, waves, binance coin, and link, have outperformed BTC this year.

While altcoins can provide significant profits, if realized in a bull market, holding onto them in a bear market can see them plummet to almost zero. It will be interesting to see whether crypto traders are as bullish with their price calls for 2019, or whether this year’s abject failure will have taught caution.

What are your thoughts on how cryptocurrencies will perform in 2019? Let us know in the comments section below.


Images courtesy of Shutterstock and Messari.


Need to calculate your bitcoin holdings? Check our tools section.

The post A Look at 2018’s Best and Worst Performing Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

Stocks have worst week since 2011 amid fears of a slowdown

December 22, 2018 |

After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16% to 26% from their highs this summer and fall.

Barring huge gains during the upcoming holiday…


L.A. Times – Business

Stock Market Just Finished Worst Week in 7 Years

December 22, 2018 |

Another day of big losses left the stock market with its worst weekly drop in more than seven years. The benchmark S&P 500 index ended a brutal week down 7% Friday, led by big drops in former market favorites like Facebook and Amazon. The S&P fell 50 points, or 2….
Newser

Australian Banks Head for Worst Year Since Financial Crisis

December 19, 2018 |

Investors are also fretting about the country’s economy, which has gone more than a quarter-century without a recession.
WSJ.com: What’s News Asia

France Holds Emergency Meetings After Worst Unrest in 50 Years

December 3, 2018 |

What started with a protest against rising fuel taxes has become the most sustained unrest the country has dealt with since the Paris uprising in May 1968—and authorities have decided to talk to the protesters instead of declaring a state of emergency. President Emanuel Macron instructed Prime Minister Édouard…
Newser

Euro Capital Rocked by Worst Riots in a Decade

December 1, 2018 |

The most violent urban riots in a decade engulfed the French capital on Saturday, as “yellow jacket” protesters torched cars, smashed windows, looted stores, and tagged the Arc de Triomphe in Paris with multi-colored graffiti, the AP reports. Protesters angry about rising taxes and the high cost of living clashed…
Newser