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Ripple and Stellar Lead the Way as Crypto Market Shakes Off Rout

Ripple and Stellar Lead the Way as Crypto Market Shakes Off Rout

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Ripple and Stellar Lead the Way as Crypto Market Shakes Off Rout Cryptocurrencies have witnessed a "V" shaped recovery in the last 24 hours, with Ripple (XRP) and Stellar (XLM) leading the way among top 10 currencies. As of writing, XRP is trading at $1.57. The world's third-largest cryptocurrency by market capitalization has appreciated by 56 percent in the last 24 hours, according to data from CoinMarketCap. More impressive has been XRP's 77 percent recovery from the 3.5 week low of $0.897797 hit yesterday. However, the cryptocurrency is still down 17 percent on a weekly basis, while year-to-date, XRP has depreciated by 31 percent. Meanwhile, stellar's XLM token has appreciated by 53 percent in the last 24 hour. XLM was last se
Bitcoin Is Back Above $11,500, But Bulls Not Out of the Woods Yet

Bitcoin Is Back Above $11,500, But Bulls Not Out of the Woods Yet

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Please share if you find this article interesting. Bitcoin Is Back Above $11,500, But Bulls Not Out of the Woods Yet Despite a sharp price recovery to over $11,500 today, bitcoin's bulls are not out of the woods yet, the price charts suggest. Coindesk's Bitcoin Price Index (BPI) has climbed 25.9 percent from the eight-week low of $9,199.59 hit yesterday at 15:44 UTC. As of writing, bitcoin (BTC) is trading at $11,590 levels. The world's largest cryptocurrency by market capitalization has appreciated by 8 percent in the last 24 hours, according to data source OnChainFX. However, the investor community isn't convinced by the move, and comments on social media show that some believe the overnight recovery is nothing more than a "dead cat bounce." The price chart analysis indicates ...
As Bitcoin’s Slide Continues, Prices Look Towards $8K

As Bitcoin’s Slide Continues, Prices Look Towards $8K

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Please share if you find this article interesting. As Bitcoin's Slide Continues, Prices Look Towards $8K Bitcoin looks like it might soon test near-$8,000 levels, as December's record-breaking rally continues to unravel. With major losses over the last few days seemingly brought about by negative regulatory news from China and South Korea, bitcoin (BTC) is trading at $10,280 levels at time of writing, according to Coindesk's Bitcoin Price Index. A slight recovery from the 1.5-month low of $10,064 hit yesterday ran out of steam at $11,698 at 00:20 UTC today, and price once more started to drop. The cryptocurrency has depreciated by 14.35 percent in the last 24 hours, according to data provider CoinMarketCap. With the indicators still all in bearish territory, the technical charts ...
Tokens Will Bring Conflicts of Interest to Healthcare

Tokens Will Bring Conflicts of Interest to Healthcare

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Please share if you find this article interesting. Tokens Will Bring Conflicts of Interest to Healthcare Roger Boodoo, MD, is a radiologist and clinical informatics fellow actively seeking opportunities where blockchain technology might be applied to challenges in healthcare. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Let's start with the problematic scenario. A medical researcher stands behind the podium at a prestigious healthcare conference and proclaims that the "Kill Cancer Blockchain" will revolutionize the clinical trials process. The audience erupts with enthusiasm and begins to believe in this new "blockchain" concept. Most of the healthcare conference attendees are unfamiliar with the nuances of blockchain. Little do they know, th
Most of the World’s Biggest Cryptocurrencies Are Down Today

Most of the World’s Biggest Cryptocurrencies Are Down Today

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Please share if you find this article interesting. Most of the World's Biggest Cryptocurrencies Are Down Today The top 20 cryptocurrencies by market capitalization are all down today in excess of 10 percent, market data reveals. According to CoinMarketCap.com, those cryptocurrencies have fallen by at least 13% – and in excess of 25% in the case of XRP – since the start of the day. At one point, within the 24-hour period, the overall market capitalization for all tokens had lost nearly $200 billion, falling from $710 billion to $536 billion at its lowest. As of press time, that figure had bounced back somewhat, hovering around $573 billion. The drop illustrates the turbulence in cryptocurrency markets today, with bitcoin, the world's largest cryptocurrency by market cap, having
Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading

Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading

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Please share if you find this article interesting. Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading Ripple's XRP token fell to a 2.5-week low today, and is looking at a more or less sideways movement in the short-term, chart analysis suggests. The world's third-largest cryptocurrency by market capitalization fell to the low of $1.23 at 09:54 UTC today before regaining a little poise, data source CoinMarketCap indicates. Further, XRP is still down 23 percent over the last 24 hours. At press time, XRP is trading at $1.39. As per OnChainFX, XRP is down 63.41 percent from the record high of $3.84 set Jan. 4. A look at the charts suggests XRP may have found a bottom and could consolidate in the next 36–48 hours before possibly resuming the sell-off. 4-hour chart The above c
Down 14 Percent: Bitcoin Charts Bearish Amid Asia Concerns

Down 14 Percent: Bitcoin Charts Bearish Amid Asia Concerns

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Please share if you find this article interesting. Down 14 Percent: Bitcoin Charts Bearish Amid Asia Concerns Bitcoin is taking a hit today, touching 3.5 week lows at the time of writing. Data source OnChainFX indicates that bitcoin (BTC) has depreciated by 14 percent in the last 24 hours. At press time, prices were was at $11,966 levels, according to CoinDesk's Bitcoin Price Index. Notably, the world's largest cryptocurrency by market capitalization is down 40 percent from its all-time high of $20,000 set just a month ago. The losses in bitcoin are largely in line with those seen across the cryptocurrency space. As of writing, Ripple (XRP), stellar lumens (STR) and cardano (ADA) are down at least 25 percent on the day each. Ethereum's ether (ETH) token has shed 18 percent in val...
Bitcoin’s Price Just Dropped Over $1,300 in 1.5 Hours

Bitcoin’s Price Just Dropped Over $1,300 in 1.5 Hours

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Please share if you find this article interesting. Bitcoin's Price Just Dropped Over $1,300 in 1.5 Hours The price of a bitcoin has just plummeted by over $1,300 in little more than an hour. Having been on the slide in recent days, in large part seemingly due to new regulatory efforts to calm the enthusiastic crypto market in South Korea, chart analysis had indicated that bitcoin would recover and even return to $15,000 levels today. However, that did not happen. The cryptocurrency opened today's session at $13,585, and reached a high of $13,601 before the sudden tumble at soon after 07:00 UTC that saw the price drop from $13,210 down to $11,850 at 08:30 UTC. That's a fall of $1,360 in just 1.5 hours. The drop puts the price of a bitcoin at a month low. Dec. 5 saw bitcoin at a...
5 Blockchain Developments Coming in 2018

5 Blockchain Developments Coming in 2018

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Please share if you find this article interesting. 5 Blockchain Developments Coming in 2018 Peter Loop is associate vice president and senior principal technology architect at Infosys, where he focuses on delivering enterprise cryptocurrency and blockchain ledger technologies, API management and cloud migration of enterprise systems. This article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. During the course of 2017, we saw big technology players making moves in blockchain. In addition to Microsoft and IBM, Oracle announced in October a new cloud-based blockchain-as-a-service offering, while SAP opened up early access to its own version of the offering in May. With these updates, and others, it's safe to say that Fortune 500 companies are now pairin
Bitcoin Cash Looking Heavy After Bull Move Fails

Bitcoin Cash Looking Heavy After Bull Move Fails

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Please share if you find this article interesting. Bitcoin Cash Looking Heavy After Bull Move Fails Bitcoin Cash (BCH) is looking heavy, courtesy of last week's failed bullish move. Data source OnChainFX say the world's fifth largest cryptocurrency by market capitalization is down 4 percent in the last 24 hours, while week-on-week, bitcoin cash has yielded -2 percent returns. As of writing, BCH is trading at $2,372 – that's down 45 percent from its all-time high of $4,330 set on Dec. 20. BCH witnessed an upside break of the congestion last Wednesday, but the follow-through has been anything but encouraging. Contrary to expectations, the cryptocurrency failed to see a sustained move above $2,800 on Thursday. Prices then briefly jumped to $2,884 on Saturday, but again closed (as pe