Daily Cryptocurrencies News (03.22.17)
DCN aims to give you information about the last 24h of the cryptoworld. The chronicle will cover 3 altcoins.
Bitcoin
As usual, the Bitcoin has resumed a gradual rise of its price since the fall of March 18. It went down 3 times to (~ $ 940), in a 24 hour period. Until arrived yesterday around $ 1120 and then go down as you can see. It is quite typical to see the BTC rebound after a fall, and engage a gradual rise over several days. But that said, a free fall can always happen. Concerning its daily volume ($ 347,881,000), there is a slight increase. Today BTC seems to have a significant volatility, this can allow for good margin. But playing with the curve may be risky !
Ethereum
Based on the market capitalization, the Ethereum (ETH) ranks second after the BTC. After the great gradually climb over about 7 days, since March 10. Its daily volume has decreased considerably. If you do not know yet, ETH has reached its ATH on 17 March. Its price was about $ 50 per unit at the peak, which is considerable content of the fact that 7 days before, it was around $ 18 ! This makes ETH one of the biggest pumps in the last days (+177,7%).
Ethereum Classic
ETC is the little brother of the ETH, appeared after the hardfork of July 2016. Its current market capitalization places it at the 6th position with ~ $ 208,531,858. The ETC appears to be in an upward trend. Just in the last 24 hours, it has gone from 0.00179 BTC (~ $ 1.97) per unit, to 0.002271 BTC (~ $ 2.47). This makes it an interesting ~ 25% increase. ETC may still have some fine days before him. It should be noted that it's mined with the same algorithm as ETH, with the difference that ETC has a less elevated difficulty and a global hashrate 10x lower. However, its ratio earnings/electricity is correct, making it in the top 10 most mined altcoins.
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