The overbought condition that the most valuable coin built up since the correction low led to a swift correction today after BTC. but we expect Bitcoin to be.Bitcoin is undergoing a classic correction after quintupling in price over the past 30 days.There is no obvious single explanation for the price collapse, though part of it may simply be a market correction following months of speculative mania that has attracted all sorts of new investors to the market.SettleMint CEO Matthew Van Niekerk discusses bitcoin and initial coin offerings.
We see BTC sleeping today. Bitcoin correction seems likely at this point.When an asset runs to the upside to the degree that bitcoin has over the last few weeks, a serious correction is almost inevitable.
The bitcoin correction we alluded to in our article yesterday is now fully in play.A pair of Ohio prison inmates used bitcoin as part of a cybercrime scheme uncovered last year, according to a newly released report.
During the market correction, the value of a single Bitcoin fell by hundreds.
In each case, the Bitcoin exchange rate dropped—very briefly—and then climbed higher with renewed vigor.
A 26-year old Bitcoin entrepreneur was handed prison time, and the experience only confirmed his belief in the cryptocurrency.A number of reasons have pushed bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from Korea, as well as the conclusion of a debate about the future of the cryptocurrency.
The announced relaunch is still to come, but in another, more complex form.Cryptocurrency news: The price of one bitcoin flirted with correction territory but.
Ryan Selkis, a well-respected figure in the digital currency community, acknowledged the price drop has been dramatic but also noted the overall market is still well up from the start of the year: Reminder, in 2017.As the title suggests, Bitcoin is now on what seems to be like a correction.