Tag: downtrend

How Did Marijuana Coins React to 4/20?

Every year, marijuana coins receive the spotlight as speculators and spectators look to see how markets fluctuate in response to April 20. These coins, which include PotCoin (POT), CannabisCoin (CANN), and HempCoin (THC), have historically seen large volumes in response to the date colloquially known as “420 Day”. Unfortunately, 2018’s April 20 was a difficult day for marijuana coins across the board. On the same day that Bitcoin (BTC) appreciated by 7%, …
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Price of Bitcoin Plunges Further to $7,500

In just the past week, the global market cap of all cryptocurrencies has fallen close to US$70 billion. In that same period, Bitcoin (BTC) has fallen 20% from a local high of US$9,000 to its current price of $7,500. Despite a number of bullish sentiments and news recently, the price of Bitcoin and cryptocurrencies across the board continues to fall. On the same day that Forbes called for a $20,000 …
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Global Market Stagnant Despite Bitcoin Gains

While it is widely agreed that past trends cannot predict future markets, today’s cryptocurrency market movements suggest a similar trend to what has been observed multiple times throughout 2017. Today, we see money flowing away from altcoins, back to Bitcoin, as sentiments towards the grandfather coin continue to turn bullish. Bitcoin (BTC) has climbed close to 6% in the past 24 hours, growing from a price of roughly US$11,200 to its …
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Market Tumbles as Bitcoin Price Approaches US$11,000

For some investors, these past 24 hours have represented a state of panic, as cryptocurrency markets are experiencing a major drawback after an explosive December and first half of January. With Bitcoin down over 20%, only one coin on the top 100 outside of Tether (USDT) has maintained its dollar value in the wake of the current Bitcoin dump. Neblio (NEBL) is the only currency in the top 100 on …
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