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Bitcoin Cash Tanks 13 Percent as Major Cryptocurrencies All Fall Hard


The cryptocurrency bear market continues in earnest as Bitcoin Cash investors in particular see holdings evaporate.

Friday, Dec. 14 — Bitcoin Cash (BCH) led fresh losses across cryptocurrency markets as investors in the top twenty assets by market cap shouldered new lows.

Market visualization

Market visualization from Coin360

Data from Cointelegraph’s own price index, Coin360 and Coinmarketcap painted a gloomy picture at press time Friday, with Bitcoin (BTC) dropping about 3.5 percent in 24 hours.

Having staved off a move below last week’s current “bottom” around $3220, BTC/USD has failed to find support much higher, now circling $3300 to cap almost 50 percent monthly losses.

 Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Worries over the fate of a Bitcoin exchange-traded fund (ETF) gaining United States’ regulators’ approval in February have combined with uncertainty over when the 2018 bear could end to…



Read Full Story : Cointelegraph.com News

2018-12-14 13:16:00

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