The fall of the bitcoin and the other cryptocurrencies may be good news for the cryptomaniacs?

The depreciation of bitcoin and other cryptocurrencies may be good news for the cryptomaniacs. For example, the ripple is traded at levels not seen since the autumn of last year just before it erupts and increases its value 10 times. The question now is whether the ripple will be able to return quickly over the psychological limit of 30 cents, or its decline will continue.
Quite similar is the situation with the ethereum. The digital currency is at its lowest levels since April, after a peak of $1,400. From a technical point of view, the ether is in a strong downward trend after overcoming the lower limit of a narrowing triangle.
On its way down, the ethereum does not have many obstacles, and its decline may increase if we see a drop below the $300 psychological barrier that temporarily limits its depreciation.
A very serious decline was recorded by the bitcoin cash. It is traded at levels of about $570, and its decline may increase if we see a breakthrough in the key support level at $550 for a coin.

Ripple again under 30 cents

Remember the ripple mania at the end of last year? Then the cryptocurrency rose from 25 cents to 3 dollars. In just a few weeks.
Now things are the same again. The ripple has returned back to less than 30 cents. Will, however, it have the power to rise again at a similar pace? Hardly...
The record-breaking decline in cryptocurrencies continues. An exception to this negative trend is only the bitcoin, which is sustained at levels above $6,300.
The depreciation of the cryptocurrencies began after the US regulators refused to issue a permission for an index fund license based on the Winklevos brothers bitcoin.
The decline in the digital coin has intensified after US Bank Goldman Sachs commented that we can see a further decline in the bitcoin.
Later on, the fall of the cryptocurrencies accelerated after a massive wrong bet of $416 million in bitcoin futures that remained uncovered after the fall of the cryptocurrency.

SEC: The bitcoin and the ethereum are not securities

Whether the bitcoin and the ethereum are securities? One of the biggest questions in the crypto markets. Well, it already has a response from SEC officials.
At the San Francisco crypto conference yesterday, SEC Finance Director General William Hinman said the commission would not classify the ethereum or the bitcoin as securities.
This corresponds to recent comments by JJ Clayton, the head of the SEC, that the bitcoin and other cryptocurrencies are not classified under the definition of "security" and no changes will be made to that definition to be included.
Clayton also said that digital tokens are securities, but cryptocurrencies are not.

Poloniex stopped trading and withdrawals until customers updated their information

The Poloniex LLC Cryptocurrency Exchange stopped the trade and withdrawals until its customers upload new documents required for account verification.
This has led to serious concerns among a large number of Boston-based cryptocurrency customers that they will not be able to withdraw their funds.
In a tweet in the social network, the cryptographic exchange owned by Goldman Sachs said that the funds will be secure and available at any time after filling in the required documents for accounts verification, Bloomberg writes.
This, however, did not completely reassure all customers who asked what would happen to the funds of those who failed to verify themselves?
In a post on May 27, in their website, Poloniex said that as all registered businesses operating with funds, Poloniex are subject to regulation and must abide by the laws.

Trump failed the cryptomarkets

Major cryptocurrencies on Wednesday are falling in price, as world markets are in turmoil after US President Donald Trump broke off a nuclear deal with Iran. At the same time, after a significant collapse on Tuesday evening, on Wednesday, the rate of decline of the cryptocurrencies has slowed somewhat and, probably, in the short term it will be already on such significant levels.
The bitcoin rate declined 0.13% overnight, to $9,112 with a capitalization of $155.7 billion. The rate of Litecoin was weakened by 3.25% to 154.6 dollars with capitalization $8.7 billion. Ethereum at the same time dropped by 1.16% to $725.8, its capitalization is $72.4 billion. The rate of Ripple fell by 2.5% overnight, to $0.78 with a capitalization of $30.6 billion. The total market capitalization of the cryptocurrencies reached 422.3 billion dollars.

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The bitcoin received a rising impulse from the IMF

The largest digital currency in the world - the bitcoin, received some support from the International Monetary Fund and rose above the psychological limit of $ 8,000 on Tuesday.
The cost of the bitcoin rose 1.3 percent to $8,109, with its lowest daily value at $7,972.55 per coin.
Surprising support came not by anyone, but by IMF chief Christine Lagarde. She said late on Monday that the IMF sees the positive influence of the bitcoin and blockchain technology.
This was, to a large extent, a surprise, given Lagard's previous comments on the bitcoin.
In fact, Lagarde is quite inconsistent in its position with regard to the cryptocurrencies.
Global digital currency may be a future option for the IMF. This was stated by the head of the fund, Christine Lagarde, during the forum organized by the English Central Bank last October. Lagarde hinted at the development of the cryptocurrency, which would be used for special rights issued by the IMF.
These currencies can displace the reserve currencies used by the Fund.
The IMF has already begun exploring the possibilities of creating its own cryptocurrency with external consultants. Lagarde commented that replacing current reserve currencies with IMF's own cryptocurrency is not so much a far-fetched opportunity.
The IMF cryptocurrency may seriously endanger the domination of major reserve currencies, market forecasters predict.
According to experts, the creation of such a cryptocurrency could be backed by countries like China who would like to reduce the impact of the US currency as a reserve one.

Crypto currencies: perspectives and risks (3)

Almost all well-known investors, including Warren Buffett and George Soros, and global investment companies, including JP Morgan, Morgan Stanley (NYSE: MS), Goldman Sachs, spoke about the prospects of bitcoin. In general, the attitude of classical investors to cryptocurrencies is cautious - many call the crypto-market a "bubble" and wait for its fall. In bitcoin and the prospects of blockchain technologies, a new wave of young investors believe, mainly. The number of medium and large investors in bitcoin is only a few million. In the future, the "pool" of investors in bitcoin should grow (and with it the cost of bitcoin), but so far this jump has not occurred. It is possible, in a few years, bitcoin will change its status in the eyes of people - it will not be an asset (a means of investing funds), but a means of payment.

Crypto currencies: perspectives and risks (2)

Another problem for bitcoin - scalability. At the end of last year, due to this, the time and cost of transactions using bitcoin increased. If the bitcoin community resolves this problem, it will be a positive for the bitcoin rate.
Quite possible scenario is that the world will come up with a new digital currency that will solve all the problems of its predecessors and take a place under the sun among the cryptocurrencies. This will try to swing the crypto currency Gram, which is associated with the personality of Pavel Durov. It is planned that Gram will be given a guarantee of making payments and solved the problem of lack of space for storing all records. If this is implemented, the system will be able to process a million transactions a second, and commissions will be low - a real breakthrough in the financial world. ICO Gram is scheduled for the coming months.

Crypto currencies: perspectives and risks (1)

After increased volatility last year, in recent months the bitcoin rate has stabilized in the $8000- $11000 range. In February-March the amplitude of fluctuations decreased - at the current moment bitcoin found a stable level in the $9000 area. Stabilization in the crypto-currency market may last several months, but then the exit from the "outset" with a sharp rise up or down is inevitable anyway. Where goes bitcoin - up or down - will largely depend on the position of the world authorities in relation to the cryptocurrency.
Since the end of last year, we have seen how the Chinese and US regulators tried to introduce some regulation in the sphere of crypto-trade. Their example was followed by other countries. In particular, we recall that the US exchanges introduced verification of all users, after which investors began to prefer Asian crypto-exchanges. Because of anonymity and decentralization, it seems impossible to completely drive crypto-world into a rigid regulated framework. The authorities have a choice: either follow the path of tightening regulation, or lead that which can not be defeated. Exactly how the comma in the sentence "To prohibit can not be resolved" will be put, the dynamics of bitcoin this year will depend.

$800 for 1 hour and 24% for two weeks - the bitcoin reminded of itself

The cost of a bitcoin reminded investors how volatile it could be. Yesterday, the bitcoin lost $800 for an hour, momentarily reaching $9,000 a coin. Subsequently, the bitcoin recovered some of the lost, returning to levels of 9,300 dollars.
According to CoinDesk, the cost of the bitcoin fell to the lowest value of $9,075 before it recovered.
The yesterday's depreciation in price was exceptional as the cryptocurrency was traded at about $10,000 earlier.
In addition, it happened on a day after the fall of $1,000. Or, the investors were reminded of a very painful way, how volatile the price of cryptocurrency might be.
However, the decline in the bitcoin has not been limited to the last two days. The cryptocurrency continued its way down and was trading this morning at $8,700 a coin. Thus, from the beginning of the week, the largest digital coin lost 24% of its value.
According to market observers, the depreciation of the bitcoin on Wednesday was predetermined by several factors. First of all, the news that $400m worth of bitcoins were liquidated by a representative of the failed Mt Gox stock market, which has flooded the cryptocurrency markets.
However, it is much less clear what caused yesterday's $900 depreciation, in a very short period of time.
More and more analysts are predicting a further depreciation to $7,000.

The ether is on its way to $700

The cryptocurrencies restored their fall with full force after the bitcoin fell back below the psychological limit of $10,000.
As Jeffrey Gundlach says, if you want to look for the direction of the US indices, turn to the bitcoin. And what happens in the bitcoin is definitely not good for the US indexes.
The latter declined after the news that Trump's economic advisor resigned and raised the fears of cruel trade wars.
Yesterday the ethereum fell by more than 7% and traded at levels of 740 dollars per coin. Tech analysts, who think we are going to see a test at the $700 psychological limit for a coin, are becoming more and more.
The strong recovery of the ethereum from last month lost its energy at the highest value of $982 for a coin on February 18th. Since then, the cryptocurrency has lost 19% of its value.
According to technical analysts, however, the bad news about the ethereum may not end here. It is quite possible to see a test of psychological support at 670 dollars per coin.
The decline of the ethereum was largely determined by the depreciation of the bitcoin. The latter did not overcome the $12,000 psychological limit, after two attempts, and pushed down strongly.
Now, the cryptocurrencies traders still have to hope that the bitcoin will not be reduced to less than $9,300 to keep the potential flag figure. Otherwise, we may witness further severe impairment, with the bottom at $7,000.

The bitcoin grew by nearly 1,000 dollars yesterday

The bitcoin grew seriously yesterday, adding nearly $1,000 to its value, or around 10%. Early this morning the cryptocurrency was traded at levels of about $10,250.
The greater interest of Japanese investors has to a large extent predetermined the appreciation of the cryptocurrency, according to market observers.
Technical analysts, however, say that the bitcoin should keep its price over $10,200 in order to talk about the potential for its further appreciation.
The other major cryptocurrency - ethereum, were traded at 873 dollars and the ripple - at nearly 93 US cents.
Near the moment of the rallying of the bitcoin, the Circle crypto exchange announced that it had lost another Poloniex stock exchange. The transaction price was not named.
Otherwise, Poloniex is the seventh largest by volume in US dollars cryptocurrency exchange, according to CryptoCompare.
Trading of bitcoin in yen was more active, accounting for about 51% of the total volume, according to CryptoCompare. Trading in dollars was 22% of the total volume.

The bitcoin is yesterday's news?

The cryptocurrencies absolutely stole the show in the past year. From the beginning of last year to the end, market capitalization of digital currencies increased by more than 3,300% or nearly $600 billion. This may turn into the largest increase in the capitalization of an asset, within 12 months.
And while there were many factors that predetermined this increase in capitalization, the root of the rise of cryptocurrencies was largely the bitcoin.
The largest cryptocurrency then played a major role in the digital money world. Even today, the bitcoin has the largest market capitalization, but its dominance has fallen seriously.
Although the bitcoin is estimated at $190 billion, it occupies about 40% of the total market capitalization of virtual currencies.
For comparison a year ago, its dominance was serious with over 80% of the total market capitalization. How fast, though, things change!
For the period between 2013 and March 2017, the market share of the bitcoin from the total capitalization ranged between 74 and 96%. Over the last three months, however, BTC's market cap is less than 40% of the total.
Meanwhile, other cryptocurrencies, such as ethereum and ripple, have seriously increased their share of total market capitalization.
The problem is that new and better cryptocurrencies are created to perform the basic function that the bitcoin was conceived - faster and cheaper financial transactions without the need for third-party mediation.

US lawmakers think about regulating the market of cryptocurrencies (2)

American legislators are concerned about speculative trading and investments in cryptocurrencies. Some of them call for the regulation of digital assets as securities, as a result of which investors in cryptocurrencies will also be protected by the SEC.
Virtual currencies have existed for a long time, but recently the scale of speculation with cryptocurrencies sharply increased, as well as the number of fraudulent schemes that promise investors an income of more than 1,000 percent in a few weeks.
In the period of volatility in financial markets, hackers also intensified in this sphere. In January, they stole a digital currency worth $530 million from the Japanese crypto-exchange Coincheck.
Bitcoin, the most famous virtual currency, in early 2018 has fallen in price more than twice after takeoff by more than 1.300 percent.
Regulators around the world began to sound the alarm, saying that the cryptocurrencies simplify money laundering and the financing of terrorist organizations, harm consumers and undermine confidence in the global financial system.

US lawmakers think about regulating the market of cryptocurrencies (1)

The US authorities, alarmed by the global riot around bitcoin and other cryptocurrencies, are preparing to consider new rules, the introduction of which will lead to tightening of federal control over this emerging class of assets, several lawmakers told Reuters.
Among members of both leading US parties in the Senate and the House of Representatives, there is an increasing desire to start fighting against the risks that cryptocurrencies represent for investors and the financial system, lawmakers said.
Even conservative Republicans advocating for a free market said that the need for regulation may arise if the cryptocurrencies begin to threaten the US economy.
There is no doubt that there is a need for a regulatory framework, according to Republican Senator Mike Rounds, a member of the Senate Banking Committee.
At the moment, digital assets are located in the so-called gray zone of the legal field, in various situations falling under the regulation of the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the US Treasury, the Federal Reserve or the state authorities.

The bitcoin lost $72 billion in 2018

The bitcoin continues to be the largest crypto currency by market-capitalization, but its domination is seriously threatened after the recent price collapse. Only last week the bitcoin lost more than $1,000 of its value, dropping at levels of less than $9,000 per coin.
In fact, the bitcoin breached the key support level of $9,150, which may trigger further downsizing of the currency.
The next key level of support is $7,600, where there is the 61.8 percent fibonacci correction of the March increase last year to over $19,500.
If the last level drops, then we can see a further decline in the currency to the 50-day moving average, which is at $5,300.
The market capitalization of the bitcoin is at a level of $ 150 billion, which is 33.6% of the total market capitalization of all cryptocurrencies. The latter is at a level of $456 billion, or about half of its peak, at over $850 billion.
Not only does the bitcoin record serious losses. The ripple returned to trading levels below $1.
However, the ethereum remains the least affected by the sale. The cryptocurrency continues to trade over $1,000 per coin, or just 20% below its historically highest value. By comparison, the ripple lost over 70% of its top, and the bitcoin over 50%.

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The bitcoin drops by 12%, returns below $10,000

The sales of the world's financial markets have shifted to the bitcoin and the other cryptocurrencies. The largest and most popular one lost 12% of its value to a level of $9,800 this morning. So the bitcoin went back below the $10,000 psychological limit for a bottom test at $9,300.
Increasingly, the skeptics and technical analysts are warning that the fallback of the bitcoin may continue to take full effect if its bottom at $9,300 is overcome.
Of course, there are also those who believe that the current levels of the bitcoin are suitable for the purchase of the cryptocurrency, with a potential rise for the test of the top at nearly $19,500.
Bitcoin sales were also transferred to other cryptocurrencies. Decline was also noted in ethereum, ripple, and lightcoin.
The ripple, once again returned to the $1 psychological limit, as early this morning was traded at $1.06.
Ethereum lost nearly 10% of its value to be exchanged at $1,055. However, it lost only about 20% of its top, against a loss of bitcoin of over 50%.
The most losing among the major currencies is the ripple, which has fallen by more than 70% from its record highs at the end of last year.

The theft of over $500 million in cryptocurrency from the Japanese stock exchange

One of the largest Japanese crypto stock exchanges, Coincheck said on Friday that about $535 million in NEM crypto coins were stolen from hackers. Exchange management said it had kept the coins in a virtual portfolio.
The stolen coins were worth about 58 billion yen.
Hackers have stolen less popular cryptocurrency from the main Japanese exchange, worth hundreds of millions of dollars on Friday.
Nearly 523 million NEM coins were transferred to another account at around 3 am local time, according to data from the Japanese stock exchange. Coincheck accounts for around 6% of the yen cryptocurrencies trade, ranking fourth.
The NEM is designed to help businesses process a database. It fell momentarily by over 20% on Friday before finishing the day with a fall of about 10% to 85 cents.
The Japanese stock exchange has announced it does not seem like hackers have stolen other key cryptocurrencies.
Just to recall that in December, South Korea's Youbit lost 17% of its digital assets, prompting the parent to declare bankruptcy.
In 2014, the Tokyo Exchange Mt. Gox also went bankrupt after announcing that they had lost 750,000 of the bitcoins of their clients, as well as 100,000 of their own.
In mid-December, the US investment bank Morgan Stanley predicted that $630 million worth of bitcoins will be stealed from hackers.