Traders Cautious as Bitcoin Plunges to a New Yearly Low: Can it Recover?

On December 7, the Bitcoin price achieved a new yearly low, as the valuation of the crypto market fell by $16 billion within a 24-hour span. Bitcoin Price Struggles to Recover from New Yearly Low Bitcoin (BTC) fell to as low as $3,210 on fiat-to-cryptocurrency exchanges like Bitstamp and Coinbase, which led other major cryptocurrencies and low market cap digital assets to fall by around 15 to 20 percent against the U.S. dollar. Since then, the Bitcoin price has rebounded from $3,210 to $3,455, by more than seven percent within…

Aeternity Team Talks ‘Roma’ Public Blockchain Launch

Aeternity launched the first live implementation of the Aeternity blockchain from a stunning villa on the outskirts of Rome, and CCN went to speak with the team and learn about the scope of the project. Aeternity is a smart contract and decentralized applications development platform founded by Yanislav Malahov whose early contributions to the Ethereum project lead to the creation of smart contracts and other features. Malahov collaborated with Vitalik Buterin before Ethereum even had a name, and ended up moving away from the project to work on the Aeternity…

Aeternity Team Talks ‘Roma’ Public Blockchain Launch

Aeternity launched the first live implementation of the Aeternity blockchain from a stunning villa on the outskirts of Rome, and CCN went to speak with the team and learn about the scope of the project. Aeternity is a smart contract and decentralized applications development platform founded by Yanislav Malahov whose early contributions to the Ethereum project lead to the creation of smart contracts and other features. Malahov collaborated with Vitalik Buterin before Ethereum even had a name, and ended up moving away from the project to work on the Aeternity…

Institutional Investors Still Interested? Bitwise Releases Bitcoin and Ethereum Funds

The creator of the world’s first cryptocurrency index fund has launched two liquid beta funds holding bitcoin and ether exclusively to address market demand. The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are available in two share classes, Institutional Shares and Investor Shares. Bitwise Funds Open to Minimum Investment of $25,000 for Retail Investors and $1 Million for Institutionals Bitwise Asset Management has broadened its fund family with the two new strategies which join the Bitwise 10 Private Index Fund. The Bitcoin and Ethereum funds are being promoted as…

Ethereum Recovers 15%, is it Demonstrating Oversold Conditions?

On December 8, within 15 minutes, the Ethereum price increased by more than 15 percent against the US dollar. Several traders expected Ethereum (ETH) to experience a short-term corrective rally after it dropped to a yearly low at around $82. A Local Bottom Prior to its price drop, a prominent technical analyst with an online alias “The Crypto Dog” said that Ethereum demonstrated a sign of a bottom and it could recover to a resistance level. “ETH double bottomed on the 30 minute chart while BTC made a new low. First sign…

Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”

Crypto Market Conditions Are “Phenomenal” For Traders Diversified trader Merlin Rothfeld, an investment strategist at Online Trading Academy, recently sat down with Cheddar, an up and coming fintech media outlet, to discuss the current crypto market. The outlet, who has developed a penchant for covering the Bitcoin (BTC) ecosystem, asked the trader, as it did with its other crypto guests, about his opinions on the market. Interestingly, Rothfeld went against the crowd, claiming that the conditions in the crypto seas are “phenomenal,” alluding to the fact that BTC’s most recent tumult…

Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”

Crypto Market Conditions Are “Phenomenal” For Traders Diversified trader Merlin Rothfeld, an investment strategist at Online Trading Academy, recently sat down with Cheddar, an up and coming fintech media outlet, to discuss the current crypto market. The outlet, who has developed a penchant for covering the Bitcoin (BTC) ecosystem, asked the trader, as it did with its other crypto guests, about his opinions on the market. Interestingly, Rothfeld went against the crowd, claiming that the conditions in the crypto seas are “phenomenal,” alluding to the fact that BTC’s most recent tumult…

Major UK Charity Fund Executive Believes Crypto Market Crash Is ‘Just a Bump in the Road’

A major United Kingdom charity fund executive said at the Bloomberg Crypto Summit in London this Friday that the recent crypto market crash is just a “bump in the road,” Bloomberg reports Dec. 7. James Bevan, the chief investment manager at CCLA, told the audience during a panel that he doesn’t see the recent decrease in the value of cryptocurrencies “as an existential crisis”; rather, he noted that he believes this is just “a bump in the road.” Bevan then also compared crypto to traditional finance, stating that “institutional investors…

Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press release shared with Cointelegraph today. The Moscow-based exchange, dubbed Huobi Russia, is established in partnership with the state-owned Russian Development Bank’s (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud. The Center of Digital Transformation was created by VEB to promote blockchain and other crypto-related technologies, as its website states. Back in September of this year, Huobi first joined Russia’s VEB Innovation Fund and became…

Bitcoin Avoids Large Drop Below $3k With 7% Recovery, Trend Reversal?

Over the last 24 hours, the Bitcoin price has experienced a seven percent recovery from $3,210 to $3,433, avoiding a further drop below the $3,000 support level. Many traders expected Bitcoin (BTC) to rebound from the $3,000 to $3,300 range because the $3,000 support level has shown strength throughout the past two weeks. Ethereum (ETH) recorded a 15 percent increase from its daily low and ERC20 tokens such as Quarkchain, OmiseGo, and 0x demonstrated gains in the range of 5 to 15 percent, due to the integration of tokens by…