Cryptocurrency Market Drops $9 Billion, Bitcoin and Major Currencies Remain Volatile

The cryptocurrency market has dropped $9 billion over the past 24 hours after demonstrating a $30 billion increase in valuation from $370 to $400 billion. Bitcoin Struggle at $8,500 The bitcoin price has struggled to surpass the $8,500 mark on throughout May 14, even after surpassing $8,700 on May 13. The market started to recover The post Cryptocurrency Market Drops $9 Billion, Bitcoin and Major Currencies Remain Volatile appeared first on CCN

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Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound

The bitcoin price has rebounded to $9,200 after experiencing a 10 percent decline on April 26, from $9,700 to $8,800. The sharp decline in the price of bitcoin was said to be triggered by the sale of the Mt. Gox trustee funds. Swift Recovery More than 17,000 bitcoins were said to be dumped on the … Continued The post Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound appeared first on CCN

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Bitcoin Back to $8,250, Ethereum and ERC20 Tokens Secure Momentum

Alternative cryptocurrencies (altcoins) and Ethereum have outperformed bitcoin over the past 24 hours, the most dominant cryptocurrency in the market, over the past two weeks. The valuation of the cryptocurrency market has rebounded to $346 billion, moving closer to the $400 billion region. Altcoin Season In periods of extreme volatility and uncertainty, investors tend to The post Bitcoin Back to $8,250, Ethereum and ERC20 Tokens Secure Momentum appeared first on CCN

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Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall

Earlier this week, leading US electronics retailer Newegg expanded its bitcoin integration to its platform in Canada, allowing millions of customers based in Canada to pay for products with bitcoin. Increasing Retailer Adoption Newegg CEO Danny Lee emphasized that the value of bitcoin has skyrocketed since 2014, when the company first integrated bitcoin, and noted The post Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall appeared first on CCN

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Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses

After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent. Correlated Movements On March 29, Cornell professor Emin … Continued The post Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses appeared first on CCN

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