Crypto Markets See Monthly Lows, BTC Trading Around $7,000

[RianDrops]

March 30: the crypto markets have taken a large hit this week, with Bitcoin (BTC) dipping below $7,000, Ethereum (ETH) below $400, and total market cap around $269 bln, according to data from Coin360.

BTC is currently trading at around $7,066, down a little more than 5 percent over a 24 hour period. Although BTC is now back over the $7,000 threshold, it is still down around 65 percent since its December high of $20,000.

ETH is currently trading around $400, alternating between going above and below the psychological threshold. Overall, it is down around 3 percent over a 24 hour period.

Ripple (XRP) is also down about 4 percent over a 24 hour period, trading at around $0.52 by press time. Ripple’s price drops come even during a week when the company made news for donating $29 mln in XRP to support US public schools.

Of the top five coins listed on CoinMarketCap, only Litecoin (LTC) is in the green, up a little more than 1 percent over a 24 hour period, currrently trading for around $122.

The overall market slump could be attribued to both Twitter’s recent announcment that would ban crypto-related ads, following on the heels of similar announcements from Google and Facebook, or Mailchimp’s apparent closure of crypto-related accounts.

In response to the social media ad bans, crypto and Blockchain associations in Russia, South Korea, and China have created a joint assocation in order to sue the social media giants, including Yandex, referring to the bans as “market manipulation” by “monolopies.”

Regulatory crackdowns on crypto could also be compounding the market’s downward trend, as two Japanese exhanges this week have decided to close instead of working with regulators for compliance.


source:https://cointelegraph.com/news/crypto-markets-see-monthly-lows-btc-trading-around-7000

[jayson1993]

Oo nga ihh pababa ng pababa kada week ung bitcoin pero tingnan mo pagsampa plang ng ber months sigurado ako to the moon nanaman yan

[RianDrops]

Oo nga ihh pababa ng pababa kada week ung bitcoin pero tingnan mo pagsampa plang ng ber months sigurado ako to the moon nanaman yan

Oo nga paps eh, excited na nga ako, feel ko aabot ng $30,000 si btc.

[Xzhyte]

Oo nga ihh pababa ng pababa kada week ung bitcoin pero tingnan mo pagsampa plang ng ber months sigurado ako to the moon nanaman yan

Oo nga paps eh, excited na nga ako, feel ko aabot ng $30,000 si btc.

sana nga talaga umabot ng 30k usd ang bitcoin, syempre sana yung mga altcoins ay tumaas din. Magdiriwang talaga ako pag nagkataon. haha

[RianDrops]

Oo nga ihh pababa ng pababa kada week ung bitcoin pero tingnan mo pagsampa plang ng ber months sigurado ako to the moon nanaman yan

Oo nga paps eh, excited na nga ako, feel ko aabot ng $30,000 si btc.

sana nga talaga umabot ng 30k usd ang bitcoin, syempre sana yung mga altcoins ay tumaas din. Magdiriwang talaga ako pag nagkataon. haha

Kung aabot ng 30K ang btc pagpapalechon ako.