Market Update 12.01.18 – BTC Ends Nov with Worst Monthly Decline in 7 Years
Market News
BTC Ends Nov with Worst Monthly Decline in 7 Years
Bitcoin just ended the worst month of price declines in the last seven years from a month-on-month price declines standpoint. Since the beginning of November, the price of Bitcoin has fallen by almost $2400, which means the cryptocurrency’s price dropped by 37.4% in the last one month.
This price drop is the worst on record since August 2011, when the world’s most valuable crypto saw a 40% price drop in that month, going from about $8 to $4.80 per token.
Read the details of this story here.
BaFin, the German Federal Financial Supervisory Authority, issued a public warning that a company by the name of Platin Genesis DCC had not been authorized or approved by regulators.
In the warning, the German financial watched stated that this company was advertising a Platinum Coin Crypto Fund using social media. The company had claimed in its promos that this new fund had been approved and released by BaFin. The regulator released this announcement to warn the public that this information was not true and that the company did not have permission to offer any form of financial services.
Read more about this story here.
COMET Centers Approves ABC in Vienna
The COMET Centers which are managed by the FFG (Austrian Research Promotion Agency), have given approvals for the establishment of the ABC (Austrian Blockchain Center) in Vienna.
The ABC will be a multidisciplinary research center that will focus on subjects such as the Internet of Things (IoT), Energy, Finance, Logistics as well as applications of these technologies in public administration. This center will involve 21 scientific institutions, 17 associated participants, 16 international institutions as well as corporates and 54 local companies. Research at the center will be conducted in 5 different areas in the Blockchain and crypto space.
Read more about this story here.
Total Market Cap: Dec 01
The cryptocurrency market is now down for the second day in a row, with trading volumes at $16.66 billion and its capitalization at $129.01 billion.
Bitcoin Price Analysis: Dec 01
The price of Bitcoin has once again dipped below the $4k mark and is now trading at $3974.01 per token, which is a 6.77% in the last 24 hours. The market capitalization of the crypto is now $69.15 billion and trading volumes are $5.98 billion.
Ethereum Price Analysis: Dec 01
Ethereum’s price also nosedived by 5.38% since yesterday and the altcoin is now trading at $111.75, with a market capitalization of $11.56 billion. Trading volumes are at $2.05 billion at this time.
State of the Top 10 Cryptocurrencies: Dec 01
The top ten cryptocurrencies are all in the red in trading so far today. The biggest losers in trading today are Bitcoin SV, which is down by 10.62%, followed by Bitcoin Cash, which has lost 7.69% and Cardano, which is down by 7.65%.
- Bitcoin’s trading price is $3974.01, dropping by 6.77% since yesterday. The token’s capitalization is now $69.15 billion.
- Ripple’s trading price is $0.358485, dropping by 5.15% since yesterday. The token’s capitalization is now $14.45 billion.
- Ethereum’s trading price is $111.75, dropping by 5.38% since yesterday. The token’s capitalization is now $11.56 billion.
- Stellar’s trading price is $0.157400, dropping by 7.08% since yesterday. The token’s capitalization is now $3.01 billion.
- Bitcoin Cash’s trading price is $167.85, dropping by 7.69% since yesterday. The token’s capitalization is now $2.93 billion.
- EOS’s trading price is $2.85, dropping by 4.09% since yesterday. The token’s capitalization is now $2.58 billion.
- Litecoin’s trading price is $31.59, dropping by 6.29% since yesterday. The token’s capitalization is now $1.87 billion.
- Tether’s trading price is $0.995019, dropping by 0.31% since yesterday. The token’s capitalization is now $1.84 billion.
- Bitcoin SV’s trading price is $88.57, dropping by 10.62% since yesterday. The token’s capitalization is now $1.54 billion.
- Cardano’s trading price is $0.038322, dropping by 7.65% since yesterday. The token’s capitalization is now $993.57 million.