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The ‘Crypto Winter’ Seems to Be Ending As Optimism Fills the Air
The price of bitcoin and many other digital assets have been on the rise over the past few days after a long 3-month downtrend. At the moment the price of BTC is averaging around $8,000 per coin after dropping into the $6K range for quite some time. Further, the price of ethereum (ETH) is also doing quite well at around $500 per ETH after it dipped into the $400 range. Both cryptocurrencies have values that are far off from December but still way higher than last year.
Regulatory Winds Brew While Crypto-Proponents Remain Optimistic
A lot has changed since our last weekly update in the world of cryptos as bitcoin has dropped in value consecutively over the past six days. Currently, BTC/USD markets are hovering around $9600 after tumbling following the currency’s recent high of $11,600. Bitcoin hit a low of $8,300 two days ago but has rebounded since. Ethereum markets have been suffering similar losses as one ETH is averaging $726 at the time of writing. Cryptocurrency proponents are quite positive even though markets have been low and many believe BTC/USD will surpass last year’s value of $19,600 per token.
Cryptocurrency Markets Heat Back Up Heading Into the Spring Months of 2018
A lot has changed since our last roundup, where bitcoin (BTC) and cryptocurrency prices took a 65 percent drop over the first six weeks of the new year. BTC/USD prices reached a low of $5,900, and market values have since rebounded to a high of $11,800. At the moment cryptocurrencies are gaining momentum after a slight dip and the global weighted average per BTC at the time of publication is $11,500. Ethereum (ETH) prices are currently testing $848 per ETH at press time.
Regulation and the Winter of 2018: The Meteoric Rise of Digital Asset Values Slow Down
Another exciting few weeks have passed in Crypto-land as January came to an end. Cryptocurrency markets have dropped in value considerably due to multiple factors including increased regulatory scrutiny and a recent Japanese exchange hack. Bitcoin’s price is currently hovering around $8,300 after reaching a low of $7,500 on Feb. 3rd. Ethereum's value is also showing some decrease, trading around $920 per ETH at press time.
The New Year Begins With Fresh Cryptocurrency and Blockchain Excitement
2018 is here, and the cryptocurrency universe is growing fast as the entire economy is now valued at over $727 billion dollars. Per usual a lot has happened since our last report with bitcoin, ethereum, and crypto-markets in general. For instance after reaching close to $20K per bitcoin the price of BTC dropped to $11,700. Currently, the price of bitcoin has bounced back to the $16,700 range lifting a variety of multiple digital assets as well. Ethereum markets have had a wild ride reaching an all-time high and crossing the $1000 mark per ether.
Bitcoin and Cryptocurrency Markets Go Off With a Bang Closing Out 2017
It looks like cryptocurrencies are going to close out 2017 with a bang as the decentralized currency bitcoin came awfully close last week towards the $20,000 region. A lot has changed since our last roundup, but that typically has been the case every week this year. Our last report recorded bitcoin reaching $17,400 across global exchanges, and the price pushed up higher touching $19,600 per BTC. Since then there’s been a considerable correction as bitcoin’s price saw lows in the $12K territory. But markets have rebounded nicely the day after Christmas on December 26. And at the moment BTC markets are averaging roughly $14,600 across global exchanges. Ethereum markets are up well over 5 percent as one ETH is roughly $750 at the time of writing.