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Bitcoin prices have plummeted today, falling further into red. & Nbsp;Credit: & nbsp;Getty& nbsp; Royalty freeCredit: Getty
Today, bitcoin prices have fallen below $ 5,000, extending the losses suffered at the start of this month and bringing the digital currency down by 75% from its all-time high.
The cryptocurrency has reached a minimum of & nbsp; $ 4,951.47, the lowest in over a year, & nbsp; Price data on CoinDesk.
The largest digital currency in the world by market capitalization (market capitalization) has had to struggle through a sustained bear market, prompting countless market analysts to wonder when it will fail to free itself from this weakness.
A handful of noteworthy events have recently attracted considerable interest, particularly the bitcoin cash hard fork and the continuing difficulties of the ICO market.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Bitcoin Cash Hash War
Bitcoin money has recently suffered a heavy blow, dividing bitcoin cash into cash ABC and cash bitcoin SV, two distinct blockchains with different rules.
Craig Wright, the self-proclaimed creator of bitcoin, has launched his support behind the bitcoin cash SV, and Roger Ver, another very visible supporter of the digital currency, has supported the money in bitcoin ABC.
"The bitcoin fork left the bad blood in the industry," said & nbsp;Charles Hayter, & nbsp;co-founder and CEO of the digital currency data platform & nbsp;CryptoCompare.
Hayter was not the only one to marry this point of view, like Said & nbsp;Joshua Frank, co-founder of the cryptanalysis analysis platform & nbsp;TheTIE.io, also assessed the impact of this event.
"Interestingly, on November 7, the long-term sentiment of Bitcoin became negative, and sentiment continued to decline after the fall in Bitcoin prices on November 14," he said.
"There does not seem to have been a positive recovery in longer-term sentiment since then," added Frank.
He elaborated, underlining how this turbulence has influenced the digital currency markets.
"The Bitcoin Cash forex and internal struggles within the crypto community have definitely had a negative impact on the price," he said.
"The conversation around the bifurcation is negative, which represents a surplus on the general market."
Also, he added that & nbsp; "We see conversations around the BCH fork making their way into discussions around all the cryptos across the board."
ICO Market & nbsp; Challenges
The ICO market has suffered lately and many investors have become as frightened as the United States. Securities and Exchange Commission (SEC) continues to repress these innovative sales of digital tokens.
Friday, the SEC announced which had established itself with Airfox and Paragon Coin Inc., which both held ICOs after the government agency warned that some of these digital tokens sold through these offers could be considered as securities.
The two companies, which both raised over $ 10 million each for ICO, had to pay fines and reward investors who suffered losses.
These last actions took place at a time when many Ico are in red, which means that investors who bought their tokens have lost money.
Professional services company & nbsp; Ernst & amp; Young highlighted it in October relationship, stating that 86% of the ICOs who had managed to list their tokens in an exchange had seen that these digital resources were losing value.
The interest in ICO has "rapidly dissipated"
Frank pointed out that the attitude of investors towards these token sales has changed significantly.
"When we started monitoring cryptography sentiment last year, there was a strong demand from both individual and institutional investors to keep track of ICO's sentiment," he said. & nbsp; "This interest quickly dissipated."
"Both on Twitter and in our daily business relationships, it is clear that within the community there is a fear that the SEC will continue to come down to ICOs for registration violations," said Frank.
"There is clearly the fear that the crackdown on Airfox and Paragon is just the beginning," he concluded.
Fortunately, there is a positive side to the recent involvement of the SEC, as greater regulatory certainty could help to build confidence in the digital currency space.
Mati Greenspan, senior market analyst for social trading platform & nbsp;eToro, spoke to this.
"The SEC's Friday agreement was actually good news as it shows a more favorable outlook on cryptic startups in the United States," he said.
The last of the government agencies "moves" are & nbsp; a positive development, Hayter agreed. & nbsp;
They represent progress towards having "clear and proven processes" for the methods that cryptocurrency firms use to raise funds.
Disclosure: I own some bitcoins, bitcoin money and & nbsp; ether.
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Bitcoin prices have plummeted today, falling further in red. Credit: Getty Free of rightsCredit: Getty
Today, bitcoin prices have fallen below $ 5,000, extending the losses suffered at the start of this month and bringing the digital currency down by 75% from its all-time high.
The cryptocurrency has reached a minimum of 4,951.47 dollars, the minimum in more than a year, according to the CoinDesk price data.
The largest digital currency in the world by market capitalization (market capitalization) has struggled through a sustained bear market, prompting countless market analysts to wonder when it will free itself of this weakness.
A handful of noteworthy events have attracted significant interest lately, particularly the bitcoin cash hard fork and the continuing difficulties of the ICO market.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Bitcoin Cash Hash War
Bitcoin money has recently suffered a heavy blow, dividing bitcoin cash into cash ABC and cash bitcoin SV, two distinct blockchains with different rules.
Craig Wright, the self-proclaimed creator of bitcoin, has launched his support behind the bitcoin cash SV, and Roger Ver, another very visible supporter of the digital currency, has supported the money in bitcoin ABC.
"The bitcoin fork left the bad blood in the industry," he said Charles Hayter, co-founder and CEO of the digital currency data platform CryptoCompare.
Hayter was not the only one to marry this point of view, like He said Joshua Frank, co-founder of the cryptocurrency analysis platform TheTIE.io also assessed the impact of this event.
"Interestingly, on November 7, the long-term sentiment of Bitcoin became negative, and sentiment continued to decline after the fall in Bitcoin prices on November 14," he said.
"There does not seem to have been a positive recovery in longer-term sentiment since then," added Frank.
He elaborated, underlining how this turbulence has influenced the digital currency markets.
"The Bitcoin Cash fork and the internal struggles within the crypto community have certainly had a negative impact on the price," he said.
"The conversation around the fork is negative, which represents an excess on the global market."
In addition, he added that "We see conversations around the BCH fork that make their way into discussions around all the scrambled across the board."
Challenges of the ICO market
The ICO market has suffered recently and many investors have become scared while the US Securities and Exchange Commission (SEC) continues to repress these innovative sales of digital tokens.
On Friday, the SEC announced it had agreed with Airfox and Paragon Coin Inc., which both held ICOs after the government agency warned that some of these digital tokens sold through these offers could be considered securities.
The two companies, which both raised over $ 10 million each for ICO, had to pay fines and reward investors who suffered losses.
These last actions took place at a time when many Ico are in red, which means that investors who bought their tokens have lost money.
Ernst & Young, a professional services company, highlighted this in an October report, stating that 86% of the international management organizations that were able to list their tokens in an exchange had seen their resources lose value digital.
The interest in ICO has "rapidly dissipated"
Frank pointed out that the attitude of investors towards these symbolic sales has changed significantly.
"When we started following the feeling of cryptography last year, there was a strong demand from both individual and institutional investors to keep track of the ICO's sentiment," he said. "This interest quickly dissipated."
"Both on Twitter and in our daily business relationships it is clear that within the community there is a fear that the SEC will continue to come down to ICOs for registration violations," said Frank.
"There is clearly the fear that the crackdown on Airfox and Paragon is just beginning," he concluded.
Fortunately, there is a positive side to the recent involvement of the SEC, as greater regulatory certainty could help to build confidence in the digital currency space.
Mati Greenspan, senior market analyst for the social trading platform eToro, spoke to this.
"The SEC's Friday agreement was actually good news because it shows a more favorable outlook for cryptic startups in the United States," he said.
The last "moves" of the government agency are a positive development, agreed Hayter.
They represent progress towards obtaining "clear and proven processes" for the methods that cryptocurrency firms use to raise funds.
Disclosure: I own some bitcoins, bitcoin money and ether.
