Market Review: Bitcoin, Ethereum markets bounce after a record plunge last week

Last week marked a low point for the cryptocurrency markets: prices for Ethereum (ETH), Bitcoin (BTC), and nearly every other cryptocurrency dropped by double-digit percentages. This sudden and devastating drop in prices is just the latest in a series of massive market drops that have plagued the cryptocurrency community in 2017.

Cryptocurrency markets have recently plunged to their lowest levels in months. The price of Bitcoin – the world’s largest cryptocurrency by market value – has fallen by more than 85% since its record high last year. The price of Ethereum – the world’s second largest cryptocurrency – has fallen by more than 95% in recent months.

In a volatile week for cryptocurrency markets, bitcoin and ethereum are both bouncing back today after posting record falls last week. BTC is trading for $15,946 at the time of writing, up $1,400 from the start of the week, while ethereum jumped more than 10% to $1,168, according to CoinMarketCap. The market’s turnaround contrasts starkly with last week, which saw bitcoin and ethereum drop to yearly lows amid an ICO crackdown in China and rumors that South Korea would ban trading.. Read more about bitcoin dropping soon and let us know what you think.

Market Overview: Bitcoin and Ethereum market recovers after record drop last week Earn up to 12% annual returns on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins, etc. Beginning of importance The crypto currency market is showing steady gains after last week’s big selloff, with many indicators turning bearish, but are we out of the woods yet? Last week, after the price closed below the 20MA (a popular indicator used by traders to measure price momentum), there was a huge sell-off that sent the price of bitcoin plummeting by almost 40% in one day, causing panic in the market. Many external factors also seem to have played a role in this decline, including the ban on cryptocurrency mining announced by the Chinese government. To read the rest of the article, log in or go to Edge.

Edge helps you better understand the crypto asset market.

We can all agree that the cryptocurrency market is fast moving and confusing, but Edge can help you figure it out.

Improved message coverage
Exclusive articles and consultancy

Get an analytical edge by accessing member protected articles with analysis from cryptocurrency analysts from around the world.

Real-time charts and price points

Get a better view of the market with real-time charts, price points and additional market data in every news article.

Discover the companies, products and people in ourarticles

We provide profiles of the people, companies, products and assets associated with each element of the Edge so you can make the connection.

Detailed data on crypto assets and sectors
Channel indicators and social mood

Get a better understanding of intra-chain trends and explore social sentiment for individual crypto assets.

Demographics of crypto asset transactions

Understand where most transactions of crypto assets take place in the world.

Search for innovative projects and sectors

Track new projects and sectors in cryptocurrencies with our manually collected data on 50+ industry verticals.

What else?
Telegram Private Community

As an Edge subscriber, you get privileged access to new articles and can interact with the community on our private Telegram channel.

Pure experience without advertising

We hide all ads from Edge subscribers.

Support for independent journalism

As an independent organization in the blockchain industry, we are guided by strict editorial policies that emphasize objectivity and transparency in our reporting.Despite a huge selloff last week, the price of Bitcoin and Ethereum has bounced back again this week. Bitcoin opened the week worth $10,500, but then plunged to $8,700. The price fell because of concerns about the new Bitcoin Cash hard fork and it being delisted from Coinbase. Then Ethereum, the second-largest cryptocurrency, fell to $643, after peaking at $1,400.. Read more about bitcoin rises and let us know what you think.

Related Tags:

ethereum pricebitcoin dropping soonbitcoin price drop 2021bitcoin sudden dropbitcoin risesbtc drops,People also search for,Privacy settings,How Search works,bitcoin dropping soon,bitcoin price drop 2021,bitcoin sudden drop,bitcoin rises,btc drops,bitcoin price dip,bit coin drop,bitcoin losses

Recent Articles

How to Buy Everex (EVX) | Step By Step Guide 2018

Everex is a platform that aims to bring the benefits of blockchain technology to emerging markets. With its own cryptocurrency, EVX, Everex allows users...

Visa and Worldpay Take Blame for Erroneous Charges on Coinbase

A recent report from the Wall Street Journal revealed that two of the largest payment processors, Visa and Worldpay, were responsible for erroneously charging...

Conflux Network Price Prediction – How Much Will CFX Be Worth in 2021?

Conflux has a bright future ahead of it. With the release of their new platform and the upcoming changes, we believe that this coin...

How Long Does it Take to Mine a Bitcoin?

Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. Mining is...

Siacoin Price Prediction for 2020, 2022, & 2025 – Crpyto Coin Society

Siacoin is a decentralized storage platform. The company’s goal is to provide a decentralized cloud storage network, which will allow users to store and...

Related Stories