Common crypto currencies' current prices
This article explores the current prices of common cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Bitcoin, Ethereum, Ripple: Prices of top three cryptocurrencies fall sharply
The prices of top three cryptocurrencies Bitcoin, Ethereum, and Ripple fall sharply on Monday. Bitcoin falls below $7,000 for the first time since December. Ethereum and Ripple also fall below $1,000.
Cryptocurrency prices in freefall as bitcoin nosedives
Bitcoin prices tumbled more than 20% on Wednesday as the cryptocurrency was hit by a slew of sell-offs.
The digital currency was trading at $6,462.23 at 11:14 a.m. ET, according to data from CoinMarketCap. It had been worth more than $7,700 just two days ago.
Bitcoin has been hit by a series of sell-offs lately, with the largest drop coming on Tuesday when prices fell more than 30%.
In recent months, the cryptocurrency has been under pressure from regulators, analysts and investors who are increasingly concerned about its legitimacy and long-term prospects.
Bitcoin is not the only digital currency to be hit by a sell-off recently. Ethereum prices also plummeted on Wednesday, falling more than 20% to just under $470.
Why are cryptocurrency prices falling?
There are several reasons for cryptocurrency prices to fall. First, there is the possibility that some governments will adopt regulations that make buying and selling cryptocurrencies illegal. Second, there is the risk that a cryptocurrency might become worthless if its underlying technology is not successful. Finally, there is the possibility that investors might sell their cryptocurrencies in response to negative news events.
Bitcoin price crash: What's behind the sell-off?
The sell-off in the cryptocurrency market is largely due to a number of factors, including regulatory uncertainty and a decrease in global demand.
Ethereum, Bitcoin Cash, Litecoin: Prices of top altcoins slumps
as market cap falls
Bitcoin Cash, Ethereum, Litecoin and Bitcoin all saw their prices slump as their respective market caps fell.
Bitcoin Cash lost 10% of its value in the 24 hours to December 5th, while Ethereum and Litecoin both dropped by around 8%. Bitcoin’s market cap was worth $115.5 billion at the time of writing, while Ethereum’s was worth $82.2 billion and Litecoin’s was worth $10.9 billion.
The falls in prices come as the total market value of all cryptocurrencies fell by around $32 billion in the 24 hours to December 5th. Bitcoin’s share of the total market value has fallen from 73% to 62%, while Ethereum’s has increased from 6% to 11%. Litecoin’s share has remained relatively stable at around 1%.
Cryptocurrency market in turmoil as prices plunge
Cryptocurrency markets are in turmoil as prices plunge.
Bitcoin, the largest and best-known cryptocurrency, is down about 30 percent on the day, according to CoinMarketCap. Other major cryptocurrencies are also down, with Ethereum, Bitcoin Cash and Litecoin all losing more than 20 percent of their value.
The sell-off appears to be sparked by news that South Korea’s largest cryptocurrency exchange, Bithumb, was hacked and $31 million worth of cryptocurrency was stolen.
There is no one clear cause for the crash, but some analysts say it may be related to concerns about regulation of the cryptocurrency market. Others say that the market is being driven by fear of a bubble, and that the fall will eventually bottom out.
Bitcoin, Ethereum, Litecoin: Prices of major cryptocurrencies tumble
Bitcoin, Ethereum and Litecoin tumbled on Thursday as the market reacted to comments from U.S. Securities and Exchange Commission chairman Jay Clayton that the agency is exploring ways to regulate these digital coins.
Is this the end of the cryptocurrency craze? Prices plunge amid fears of bubble bursting
Cryptocurrencies have been on a tear this year, with prices surging in value. However, recent falls in prices may signal the start of a bubble burst.
Panic selling sends cryptocurrency prices spiralling downwards
When people panic sell, they often do so in a disorderly and often frantic manner, which can send prices spiralling downwards. This is because, when people sell their assets in an uncontrolled and unpredictable manner, they drive the price of those assets down, making it harder for others to sell as well. As a result, the value of cryptocurrencies tends to plummet when this happens.
Bloodbath in the cryptocurrency market as prices crash
Bitcoin and other cryptocurrencies saw a massive sell-off on Monday as prices plummeted, with one digital coin losing 50% of its value in just a few hours.
According to CoinMarketCap, the total value of all cryptocurrencies was down by around $30 billion on Monday morning, with bitcoin falling from $11,000 to $7,000. Ethereum also saw a sharp decline, dropping from around $1,400 to $800.
The sell-off was apparently sparked by reports that South Korea is planning to ban cryptocurrency trading and initial coin offerings (ICOs).
This follows warnings from regulators in China and Japan earlier this year that cryptocurrency trading could be a criminal offence.
Many analysts have attributed the sell-off to worries about the security of cryptocurrencies and the instability of the market.
Bitcoin has been particularly vulnerable to price fluctuations over the past few months, with prices dropping by around 50% in late February and early March.
