The cryptocurrency market has been in the red for days on end now and there are no clear signs of sustained recovery yet. Bitcoin has been ranging between below $40,000 and has even gone below $33,000. This is even worse for altcoins, many of which have lost more than 50% of their value. While this […]
Of course everybody knows Facebook and Google, because it’s 2021. But does anyone remember MySpace. The explanation as to why you don’t, is that the founder of the website sold it back in 2005. MySpace was the largest social networking site in the world between 2005 and 2008, and even surpassed Google as the most […]
Ethereum Classic (ETC), a fork of Ethereum (ETH), has outperformed Ethereum in 2021. According to the Ethereum Classic official Twitter page, the Ethereum fork has gained 1,464% since the beginning of 2021 while Ethereum itself has only gained 367% during the same period. This means that ETC has performed 4 times better already this year. […]
What a difference a day makes, 24 little hours. That is how Dinah Washington sang it and that is how they cryptosphere should feel. After the selloff on Wednesday which was accompanied by words like panic and capitulation, Thursday brought a welcome bounce and at certain times, Bitcoin had recuperated all the losses from the […]
Bitcoin, the world’s biggest cryptocurrency, was already having quite a bad week, when all of a sudden the Chinese government decided to up the ante yesterday. In a press communiqué, it warned its 1.6 billion populace that anyone trading in cryptocurrencies was doing so in a highly speculative asset class. It comes as China hopes […]
The cryptosphere is abuzz with rumors as to what exactly caused yesterday’s epic crash, and most storylines will point to the Chinese announcement. Yesterday the Beijing authorities claimed that cryptocoins might not be accepted as investment vehicles in the future anymore, aka a severe crackdown.Anonymous 4Chan userAn user on the anonymous 4Chan board predicted the […]
Bitcoin has known many ups and downs already in its past, even though the coin only has a history of 12 years or so. Those of us who’ve been around for a while, remember the widowmaker of corrections, the painful one of 2018 when Bitcoin lost some 80% from the top. That was gruesome for […]
The route that the crypto market finds itself in is continuing today, with the major cryptocurrencies all down double digits. By now, Bitcoin is down almost 40% since its all time high of $65k, reached about a month ago.The market sentiment is that of extreme fear as the cryptosphere starts repeating sounds it last made […]
There are a few nations in the European 27-member club who are reluctant when it comes to acceptance of the Euro coin. Poland, Romania and Hungary have all managed to keep their own currency, to great annoyance of some of the founding members, none more so than the Dutch, where a great part of the […]
Bitcoin finds support near the $42k level and has been steadily rising since. Currently it is trading around $45,000. Ether also crawled its way back in the green in the past few hours, currently trading around $3.5k.As the MSM (mainstream media) partied over the apparent crypto crash of the past week, many questioned how much […]
