The Biggest Crypto News of the Year

The Biggest Crypto News of the Year – Stay up to date with the latest happenings in the world of cryptocurrency with our easy to follow blog.

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The market is crashing

It’s official, the crypto market is in a crash. After weeks of stability, Bitcoin (BTC) suddenly dropped below $6,000 and the whole market followed suit. Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS, and Litecoin (LTC) all lost around 15% overnight.

The market is crashing and it’s taking the whole crypto world with it.

This is the biggest news in the crypto world this year so far and it’s sure to have major implications for the industry going forward.

What caused the crash?

There are a few theories doing the rounds at the moment. Some say that it was due to the expiration of BTC futures contracts on Sunday night. Others say that a sell-off in the stock market caused investors to sell their crypto holdings to cover losses.

Whatever the reason, there’s no doubt that this is a major setback for cryptocurrency bulls who were hoping for a breakout year in 2019.

What does this mean for crypto?

It’s too early to say for sure what this crash will mean for cryptocurrency in the long term. However, it’s safe to say that this is a major setback for those who were hoping for a breakout year in 2019.

In the short term, we can expect further volatility as investors try to assess the damage. The next few weeks are likely to be crucial in determining which way the market will move in 2019.

Bitcoin is down 3%

Bitcoin is down 3% on the news that the SEC has postponed its decision on the VanEck/SolidX Bitcoin ETF until September 30th. This is the second time that the SEC has postponed its decision on the matter, and it is not clear why they have decided to do so again. The market had been expecting a decision on August 10th, and many had thought that the SEC would approve the ETF. However, it appears that the SEC is still not sure about whether or not to approve the ETF. This news has caused some investors to sell their Bitcoin, which has led to the 3% drop in price.

Ethereum is down 5%

Ethereum is down 5% on the news that the US SEC has rejected a Bitcoin ETF proposed by the Winklevoss twins. The brothers had first proposed the ETF in 2013, and have been working with the SEC to get it approved ever since.

The news sent shockwaves through the crypto community, with many worried that this could set a precedent for other crypto ETFs that are currently under review by the SEC. Bitcoin also dipped on the news, but has since recovered and is currently trading at around $6,600.

This is just one of many regulatory setbacks that Ethereum and other cryptocurrencies have faced this year. In July, the SEC rejected another Bitcoin ETF proposed by SolidX and VanEck, and in September they delayed a decision on yet another ETF proposed by Bitwise Asset Management.

The Ethereum community has been particularly hard hit by regulatory uncertainty this year, as several high-profile projects have been forced to delay or cancel their plans due to concerns about compliance with securities laws. The most notable example is the highly anticipated launch of ethereum 2.0, which was originally scheduled for release in January but has been delayed indefinitely due to concerns about how it would comply with securities laws.

It remains to be seen how long it will take for Ethereum and other cryptocurrencies to recover from these setbacks, but one thing is for sure: 2019 was a tough year for crypto, and 2020 is shaping up to be even tougher.

Litecoin is down 7%

Litecoin is down 7% over the past 24 hours, according to data from CoinMarketCap. The cryptocurrency is currently trading at around $32.50.

The drop comes as the overall cryptocurrency market has seen a slight pullback in recent days. Bitcoin, the world’s largest cryptocurrency by market capitalization, is down around 2% over the past 24 hours.

Litecoin, which was created in 2011 as a fork of Bitcoin, has seen its price rise sharply this year, rising from around $4 at the start of 2017 to its current level. The cryptocurrency has a total market capitalization of around $2 billion.

Bitcoin Cash is down 9%

Bitcoin Cash (BCH) is down 9% and is currently trading at around $223. The Biggest Crypto News of the Year fall comes after the coin surged to annual highs of $266 on Saturday, with markets responding to the launch of Bitcoin Cash trading on Coinbase Pro.

The move by Coinbase, one of the world’s largest cryptocurrency exchanges, to list BCH caused a spike in demand for the coin, taking its price from $233 to $266 in a matter of hours.

However, as is often the case in the volatile world of cryptocurrency, the BCH surge was short-lived, with Coinbase quickly suspending trading due to “significant volatility”.

The exchange later resumed trading, but by that time the damage had been done and BCH had begun its slide back down to $223, where it currently stands.

Ripple is down 11%

Ripple is down 11% on the news that the SEC has filed a lawsuit against the company.

Stellar is down 13%

After a brief respite, the crypto markets have resumed their slide, with most major assets in the red. The biggest loser among the top 10 is Stellar, which is down 13% on the day. Here’s a look at the state of the markets:

The total market capitalization of all digital assets is now $221 billion, down from an intraday high of $239 billion.

Bitcoin is down 7% at $6,470. Ethereum is down 9% at $229, while XRP is down 8% at $0.47. Bitcoin Cash and EOS are both down 11%, while Litecoin is down 6%. Among the top 20 assets by market cap, only two are in the green: TRON and NEO, both up less than 1%.

The biggest loser among major assets is Stellar, which is down 13% at $0.29. Other top losers include Cardano, IOTA, and Monero, all down 9%.

EOS is down 15%

EOS, the fifth largest cryptocurrency by market cap, is down 15% today. The drop comes following a series of bearish news including, most notably, a hack of the Binance exchange.

The Binance hack, which occurred on May 7th, saw 7,000 BTC (worth $40 million at the time) stolen from the exchange. The hackers used a number of sophisticated techniques to gain access to user funds, including phishing and viruses.

In response to the hack, Binance suspended all withdrawals and trading on the platform. This caused a sharp drop in the price of EOS, as well as other major cryptocurrencies.

EOS is down 15% today, but this is just one day in what has been a very volatile year for the cryptocurrency market.

Cardano is down 17%

Cardano is down 17% today, after a volatile week in the crypto markets. The sell-off started on Monday, when Bitcoin fell below $4,000 for the first time in 13 months. Ethereum, Ripple, and other major cryptos followed suit, and the market has been struggling to recover since then.

Cardano was one of the hardest-hit cryptos this week, falling from a high of $0.06 on Monday to a low of $0.049 today. That’s a 17% drop in value, and it puts Cardano at its lowest price point since December 2017.

The sell-off comes as the crypto market is roiled by regulatory uncertainty and concerns about the future of Bitcoin and other major cryptos. It’s still unclear where the market will go from here, but some analysts believe that we could see further downside in the short-term.

IOTA is down 19%

IOTA is down 19% on the news that its technology partner, Microsoft, is ditching the IOTA Foundation. The IOTA Foundation is a non-profit organization that was set up to support the development of the IOTA protocol.

The news of Microsoft’s decision was first reported by The Block, and it sent shockwaves through the crypto community. IOTA was one of the biggest gainers in 2017, and it had been building up a lot of hype around its technology.

The IOTA Foundation has not issued a statement on Microsoft’s decision yet, but it is likely to be a blow to the project. Microsoft was one of the biggest partners of the IOTA Foundation, and its decision to pull out will surely have an impact on the project’s future.

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