Crypto Stocks in Asia in the Red as Bitcoin Sinks to One-Year Low

Shares of several cryptocurrency-related companies in Asian markets fell after bitcoin led a sell-off in digital currencies, reaching a one-year low at just over $5,571, Bloomberg reported on November 15, 2018. Asia Crypto-Linked Stocks Fall According to Bloomberg, the fall followed earlier losses among U.S. companies whose businesses are closely related to cryptocurrencies. In Japan, Monex Group Inc., which runs the exchange Coincheck, experienced serious losses, fell by 2.3 percent, while SBI Holdings Inc., which runs the VCTRADE exchange, experienced a three percent loss. In Seoul, Vidente Co. and Omnitel…

Bitcoin (BTC) Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red

Bitcoin (BTC) fell by more than 11 percent on Wednesday to reach its lowest level since October 2017. This sudden fall comes after months of contracting volatility leading to a prolonged period of sideways trading and stability. Presently, numerous theories are circulating as to why the top-ranked cryptocurrency has taken such a nosedive. Bitcoin “Death Candle” Looking at the chart below, one can easily make out the massive “death candle” that took the price of Bitcoin all the way down to $5,600. This is the second time that the top-ranked…

Coinbase U.S. Dollar Volume Hits One-Year Low in Third Quarter of 2018

In the third quarter of 2018, San Francisco-based cryptocurrency exchange Coinbase’s U.S. dollar volumes hit a 1-year low, according to a recent analysis of Diar published October 8. According to the diagram below, in the third quarter of 2018 the U.S. dollar volumes on Coinbase dropped to the lowest level during the past year. Compared to the same period last year, the trading volume of Bitcoin (BTC) is currently slightly higher, around $5.4 billion versus compared to $4.6 billion in 2017. The trading volume of Ethereum (ETH) and Litecoin (LTC)…