Crypto Market News: Factors and Trends.

in #bitcoin6 years ago (edited)

Bitcoin (BTC) has avoided a potential decline to the low region of $3,600, as it stabilized at around $3,850. It reached its daily low at $3,800 but rebounded by a small margin. IMG_20181205_152427.jpg

Throughout the past 24 hours, the crypto market has slightly rebounded by around $3 billion, from $123 billion to $125 billion.

Bitcoin (BTC) has avoided a potential decline to the low region of $3,600, as it stabilized at around $3,850. It reached its daily low at $3,800 but rebounded by a small margin.

Other major cryptocurrencies apart from Bitcoin have recorded fairly large losses against the U.S. dollar throughout the past two days. Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) demonstrated losses in the range of 1.5 to 8 percent on the day.

Since November 29, within seven days, the Bitcoin Cash price has dropped from $200 to $142, by more than 29 percent. While the asset did not experience a large single-day drop, it continued to lose its value against both Bitcoin and the U.S. dollar over the past week.
Subsequent to achieving a new yearly low at $3,456 on November 25, the Bitcoin price has struggled to show any sign of a major short-term reversal or a corrective rally.

Sort:  

Congratulations @hirokaushik007! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 50 upvotes. Your next target is to reach 100 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Saint Nicholas challenge for good boys and girls

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @hirokaushik007! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 10 replies. Your next target is to reach 50 replies.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Saint Nicholas challenge for good boys and girls

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @hirokaushik007! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.030
BTC 59592.00
ETH 2545.54
USDT 1.00
SBD 2.54