Welcome to my Cryptocurrencies Market Overview for Thursday, March 15, 2018.
Today in the news:
- Lightning Labs has announced their first Lightning mainnet release, lnd 0.4-beta.
- A British cryptocurrency exchange is planning to enter the bitcoin futures market.
- Bitcoin’s average blocksize falls to its lowest level since October.
- Members of U.S. Congress raised concern about nefarious uses for bitcoin, and a lack of investment protections for digital currency investors.
- And more crypto news below...
24 Hour Change
Realtime chart on my website CoinMarkets.today
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Month-to-Date Change
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Market Capitalization
Bitcoin daily chart
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Latest Crypto News - March 15, 2018
Bitcoin Price Plunges Toward $8,000 as Market Grows Heavy
The Bitcoin price plunged toward $8,000 on Thursday as the cryptocurrency market began to grow heavy across the board. Just two top 100-cryptocurrencies — Kin and DigixDAO — managed to advance against the US dollar, while the other 98 endured another day in the red.
Read more: www.ccn.com
More sources about Bitcoin's price:
- $6K in Sight? Bitcoin Price On Edge of Correction
- Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues
- Crypto Market Sees A Drop On Google Crypto Ad Ban FUD, Despite Adoption News
Strong Words, Little Action: ICOs Draw Fire at US Congress Hearing
"Congress has a responsibility to ensure that investors are protected without unduly preventing growth." So said U.S. Rep. Randy Hultgren of Illinois during a Wednesday hearing of the House Capital Markets, Securities and Investment Subcommittee, which met in the morning in Washington, D.C. Drawing a mix of academic and industry witnesses, the hearing highlighted the divergent viewpoints on the technology held by some of the members of Congress.
Read more: www.coindesk.com
Other sources:
- Crypto Is a 'Crock'? Twitter Reacts to House ICO Hearing
- Congressional hearing on cryptocurrencies devolves into bitcoin bash fest
Lightning Labs has announces their first Lightning mainnet release, lnd 0.4-beta
Today we at Lightning Labs are announcing the release of lnd 0.4-beta! This release marks the 4th major release of lnd and the first Lightning mainnet beta, an important milestone.
Read more: lightning.engineering
Other sources:
Effects of Mt. Gox Trustee's $400 Mln Sale on Bitcoin Market
An economic analysis of the effects the Mt. Gox bankruptcy trustee’s decision to sell $400 million of Bitcoin on online exchanges has had on the Bitcoin market.
Read more: cointelegraph.com
Bitcoin Futures Launch in the UK
Coinfloor have announced their group of cryptocurrency exchanges will now include Coinfloorex, a bitcoin futures exchange. Offering “institutional grade risk management and governance,” traders, hedge funds, and miners will get bitcoin futures “at scale” through “specifically designed cryptocurrency contracts and operational controls.”
Read more: news.bitcoin.com
Other sources:
Europe's richest royal family is 'open' to cryptocurrency investments
Liechtenstein's crown prince is interested in potentially using blockchain for administrative tasks in the country.
Read more: www.independent.co.uk
Bitcoin Hurts Govt 'Control' Of Dollar, Senator Lets Slip in Speech
US senator Brad Sherman called cryptocurrencies “harmful” in a government meeting March 14, appearing to accidentally admit they reduce government control of the dollar.
Read more: bitcoinist.com
Chinese Investment Group to Launch Blockchain Funding Center
A government-led investment association in China is reportedly establishing a funding center to foster blockchain development in the country.
Read more: www.coindesk.com
Small Business Owners Are Becoming More Comfortable With Taking Bitcoin as Payments
There is an interesting trend developing with small business merchants and their willingness to accept Bitcoin. More of them are willing to accept it, and that’s partly due to Square, and credit card fees.
Read more: cryptovest.com
Jeff Bezos Now Worth as Much as Bitcoin’s Entire Market Cap
The biggest technological breakthrough since the internet is worth about as much as just one man, Jeff Bezos, founder and CEO of Amazon.
Read more: www.trustnodes.com
Digix DAO Price Anomaly Once Again Goes Against Market Tide
The trading of Digix DAO (DGD) on Binance once again revealed an anomaly, as the asset grew while other market prices were sinking. DGD is traded against Bitcoin, and inched up as the 8th most traded asset on Binance. The price has been down from the peaks above $500, but still moved against the markets in the recent sharp slump.
Read more: cryptovest.com
Bitcoin’s Average Blocksize Falls to its Lowest Level Since October
For the first time in many months, bitcoin’s average blocksize has fallen to 0.75MB, down from its previous constant level above 1MB.
Read more: www.trustnodes.com
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NEO was holding really well in January and February, but March was a real bloodbath for NEO investors.
Those are some bloody charts. We have gotten hit really hard in the month to date chart. I wouldn't mind to see it continue to get hit for another month or two. I'm looking for some gains towards the end of the summer. We're in a consolidation phase right now and the next wave up could consolidate at even higher prices. I plan on buying weekly through the end of the year. Looking forward to the rest of 2018! Thanks for the update!
I follow your logic and approach, so I'm curious: what do you think is going to kick off the upswing? Any theories? General or specific?
This market thrives on volatility. I look at reasonable market cap growth to give me an idea of where prices could realistically fall. I also think that crypto markets like 10x gains, so the price has to settle low enough where a 10x increase in market cap isn’t totally out of the question. So for me, if BTC wants to settle around 20k it would need to drop and hold for a short period 2k price. I think that’s what we’re doing in the market today. We’re trying to find and hold a bottom that can 10x while maintaining a realistic overall market cap. I’ve been sat in $0.90-1.5 STEEM for a while now. Only because I think it can 10x from there and still have a reasonable market cap. Timing is never clear, but crypto moves 10x faster than the regular markets, so I can only speculate it’s not gonna take a decade. Hope this makes sense! Thanks for the comment!
Think of it this way.. Do you feel that the price is so low now that it will not be traded much lower? If so, Buy / Hold on... Do you feel that it can be traded even lower before moving upwards again? If so, Do not buy / sell...
And remember, only the really serious and qualitative projects will be trading upwards in price.. My own instinct says NEM, Envion, SunContract, Neo, Binance, Lykke, LiteCoin, PAC, DGB, XDN, XRP, maybe EbitCoin, Ether Classic? .. Im doubting a lot of otherwise very popular ones, especially BitCoin and Ethereum because of the high prices and limits of the technology...
please follow me and i will follow you all too! Lets get successfull here on Steem.
I am really positive about Steem, but I do not know so much still .. !
I foresaw this crash of BitCoin and Ethereum, but I did not think it would pull almost EVERY crypto down with it...
NEM and Digix Dao seems really stable and able to go their own way amidst total selloffs everywhere!
Freedom First!
Think of it this way.. Do you feel that the price is so low now that it will not be traded much lower? If so, Buy / Hold on... Do you feel that it can be traded even lower before moving upwards again? If so, Do not buy / sell...
And remember, only the really serious and qualitative projects will be trading upwards in price.. My own instinct says NEM, Envion, SunContract, Neo, Binance, Lykke, LiteCoin, PAC, DGB, XDN, XRP, maybe EbitCoin, Ether Classic? .. Im doubting a lot of otherwise very popular ones, especially BitCoin and Ethereum because of the high prices and limits of the technology...
please follow me and i will follow you all too! Lets get successfull here on Steem.
I am really positive about Steem, but I do not know so much still .. !
I foresaw this crash of BitCoin and Ethereum, but I did not think it would pull almost EVERY crypto down with it...
NEM and Digix Dao seems really stable and able to go their own way amidst total selloffs everywhere!
Freedom First!
Thanks for the update but I really need to stop looking at Crypto Prices.
On the one hand if I do not continue to follow the space I will miss the next big thing but on the other hand I hope that my whole Crypto portfolio rises in value over the next several years. It is a dilemma.
Need more etf options so that I can just put x$ in per month and forget about it using the coffee can investing approach. Haha.
good topic.....boss
If you guys will ask me now it's a great time to buy
Everything is going down cause of Google ban the ad's but this look like great time to get some coins for long terms
I dont know, were in the downtrend for some time now... Tip!
Hi @bankthecrypto! You have received 0.1 SBD tip from @cardboard!
@cardboard wrote lately about: Newday Feel free to follow @cardboard if you like it :)
Tipuvote! - upvote any post with with 2.5 x profit :)
Yea thats true and possible if a person has the capital to do that
I think the government of the United States wants to wage war on bitcoin, and google eliminated or banned the advertising of cryptocurrencies.
Cryptocurrency has come to stay and that is the reason for the so many wars. Staying positive will save us lots of stress
thank you for sharing your experience with us
I'm new here and I do not understand here, and I need friends.
I wish you good health always, success continues
thank you @penguinpablo
Are we going to see a war b/w Google and Crypto owners.:D
posting nice,, I already follow you,, please be follow me on @trita003.. thank you...!!
Now this blood should be stopped :'(
Thank you PenguinPablo!
Excellent overview!
Let me warn you all about holding any big amounts of BTC or ETH at this time! I truly feel they will have to deflate a whooole lot in value because of so much upcoming competition!
BitCoin has been used by all big companies and exchanges for making the trading pairs, but this is not sustainable much longer. People will demand and only use other pairs, such as we see with all the USDT pairs now operating!
Please Follow me and help me by upvoting my posts as I try to make this into my job! I will do all I can to provide a whole bunch of good articles covering everything from Crypto to Craftmanship to Mechanics, Terrorism, Girls, Military, Invasion of Islam into Europe, Healthy Living, Marihuana... So many topics will be covered.. Just make sure you follow me ! And I will follow you all back.. I feel that SteemIT can be a great tool in our fight to Eleminate this Satanistic Mafioso Global Deep State people who are still controlling our World .. our lovely Mother Earth, controlling us in a very big way...!
Skåål!
Great report, as always! Thanks so much for sharing! ;)