What is Cryptocurrency: [Everything You Need To Know!]

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Cryptocurrencies

Each of The Top 100 Cryptocurrencies Explained in One Sentence

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Cryptocurrencies single

Postby Gabei В» 20.01.2020

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Moreover, CoinMarketCap shows that nearly all the top coins are currently down. However, Bitcoin is far from the only coin showing losses at the moment. Furthermore, this recent slump in the price of Bitcoin breaks a comparatively long period of bullish market sentiment, with Bitcoin showing a relatively steady price increase during the past 30 days.

In addition to this, the relative market share of Bitcoin has also increased somewhat, as other currencies have been worse hit by this current market decline — with Bitcoin now commanding Major coins such as Bitcoin Cash, EOS, and Ripple have been worse hit by this flash decrease in the cryptocurrency market than Bitcoin — with Bitcoin Cash decreasing by It hardly needs stressing that these types of market movements are significant, and well beyond usual daily volatility.

However, as of yet, it is unknown what has caused this significant sell-off in virtually all cryptocurrencies. One possibility could be a fresh report from Business Insider that Goldman Sachs has suspended its plans to open a Bitcoin trading desk — although this report also states that Goldman Sachs will focus on driving Wall Street investments in crypto, meaning the effects of such a decision should be local to Bitcoin. Nonetheless, Bitcoin is actually one of the better performing cryptocurrencies during this ongoing market plunge, as many coins have seen decreases by around ten percent.

It remains to be seen how this situation develops as the markets stabilize. At the moment, however, there does not seem to be a single clear trigger for this plunge in the price of most cryptocurrencies. Rasmus Pihl is a writer for Toshi Times by day and an avid follower of the cryptocurrency industry by night.

View all posts by Rasmus Pihl. Skip to content. Bitcoin What is Bitcoin? Ethereum What is Ethereum? Ripple What is Ripple? Cardano What is Cardano? Blockchain What is Blockchain? Best Exchanges Guides Forum Advertise. Rasmus Pihl Bitcoin September 5, 2 Minutes.

Rasmus Pihl. Published by Rasmus Pihl. Published September 5,

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