..

Bitcoin Plunges Nearly 10 Percent

Written by:
Guest
Published on:
Jan/30/2018

Bitcoin and other cryptocurrencies were seeing a huge drop in price Tuesday following some modest stability in recent days.

By 1:16 pm EST Bitcoin had dropped to $9,810 before rebounding shortly after 2 pm EST to slightly above $9,900.  The price fell below $11,000 shortly after 6 pm EST Monday.

Both Bitcoin and Bitcoin Cash were down between 10 to 11 percent from yesterday.

CoinDesk.com made the following observation:

According to information from sites like CoinMarketCap and OnChainFX, the prices of all of the top-10 cryptocurrencies by market capitalization (which is the spot price of the token multiplied by the total amount of tokens in circulation) have fallen in the past 24 hours.

NEM's XEM token was hit especially hard following a $500 million hack from Japanese cryptocurrency exchange Coincheck.  It was not known if that news was adversely affecting prices of other cryptocurrencies over the past 24 hours.

- Gilbert Horowitz, Gambling911.com

Business/Financial News

Find Elon Musk Twitter Odds: Promises to Allow Trump Back on Platform

Find Elon Musk Twitter Odds: Twitter Acquisition No Longer a Sure Thing

Elon Musk has closed on deal worth around $44 billion in cash, Reuters reports.  Musk now says he wants to slash Twitter offer based on the number of bots.

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

The Dow sank 1,000 points on Wednesday, or 3.2%, as dismal results from Target renew fears that inflation is battering companies.

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Elon Musk taking over Twitter seems like a 50-50 proposition at this point, but the people who crunch numbers for a living are giving it even less of a chance.

Craig Wright’s Defamation Suit Will Proceed...Plus Calls for Hearing on TerraUSD's Collapse

Craig Wright’s Defamation Suit Will Proceed...Plus Calls for Hearing on TerraUSD's Collapse

The price of UST plunged to 10 cents last week, while Luna fell to "virtually zero", down from an all-time high of $119.51.

Elon Musk Bets Still Available as Twitter Purchase No Longer a Sure Thing

Elon Musk Bets Still Available as Twitter Purchase No Longer a Sure Thing

Elon Musk says that $44 billion Twitter acquisition deal cannot proceed until there is proof provided that the social media platform has fewer than 5% fake accounts as BetUS continued offering

Syndicate