Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins). Here is what was happening month-by-month, along with …
2018 will long be remembered as the start of a significant cryptocurrency bear market, but the declining market still provided opportunities for scam artists to snag unwary investors. Given that 2017 was a breakout year for Bitcoin (BTC) and the likes, investors were clamoring to enter the fray as the price of cryptocurrencies skyrocketed toward the end of the year. With such a positive environment, businesses and developers looked to leverage blockchain technology for new projects, leading to a boom of new initial coin offerings (ICO) that has collectively raised more than $20 billion since the beginning of 2017. This …
Bitcoin has been among the most fascinating tradable assets to watch over the last year. From reaching dazzling new heights to its most recent tumble to fresh one-year lows, the cryptocurrency market has been nothing short of exciting when attempting to characterize its volatile ebb and flow. Amid the growing chorus of enthusiasts, activists and investors calling for greater adoption — and more importantly, the launch of new financial instruments designed to give the budding new asset class greater exposure — Bitcoin prices have become a bellwether for the market. While still difficult to nail down an exact characterization of …
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. One of the most popular memes on the cryptocurrency subreddit r/bitcoin, arguably the largest concentration of Bitcoin enthusiasts on the internet, depicts a cartoon coin riding a roller coaster with its hands waving wildly in the air. On days when Bitcoin is skyrocketing in price, the meme shows the rollercoaster launching straight upward, and on days when Bitcoin is crashing, the funny facsimile is seen enduring a near-vertical drop. This dual-sided internet joke has …
Since the inception of Bitcoin less than 10 years ago, there has undoubtedly not been a busier year than 2017, the Year of the Rooster, for the whole cryptocurrency market. Now, as Chinese New Year dawns, the Year of the Dog, it is worth looking back at all that happened. It all began relatively inconspicuously back in January 2017 with Bitcoin breaking the $1,000 mark, but from there the cryptocurrency market would make its mark, both in the mainstream and in the global markets. A gradual climb 2017 welcomed Bitcoin well at the top of the table, sitting just above …
2017 will go down as the biggest year in Bitcoin’s history - with meteoric highs paving the way for the preeminent cryptocurrency bursting into mainstream consciousness. December will forever be remembered for Bitcoin’s massive price correction after hitting the $20,000 milestone, but a lot happened in the lead up to the climactic end of the year. Rewind to January 2017. Bitcoin had just broken through the $1,000 barrier and the talk among crypto enthusiasts was that the virtual currency was set for a bullish year. It’s fair to say that no one anticipated an eventual 2,000 percent growth before the …
The festive season is in full swing and those who celebrate Christmas have enjoyed turkey dinners, presents under the tree and long Christmas specials on TV. But for many of us involved in the world of cryptocurrencies, this has been one Christmas Special we will never forget. November was an extraordinary month, as Bitcoinsmashed barrier after barrier on its way to the $11,000 mark. Despite multiple corrections, time after time, the virtual currency bounced back from volatile swings in price. Some called it a bubble, others said is was just the tip of the iceberg, but no one predicted the …