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Ethereum and Litecoin Dive As Bitcoin falls sharply – that's why

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The the bitcoin sale is back, striking all major currencies including ethereum, litecoin, Ripple XRP, bitcoin liquidity and EOS, since $ 6 billion worth of money is wiped out by the market capitalization of global cryptocurrency over the weekend, according to the CoinMarketCap commercial data site.

The price of bitcoins is almost 5% this morning in the last 24 hours, peaking below the psychological value of $ 3,500, with investors and traders continuing to worry about the future of major cryptocurrencies as a one-year bear market seems set to drag us well until 2019.

Ethereum has lowered the field of cryptocurrency while traders and investors digest the latest news on the network update.Getty

Ethereum, that would have had to undergo a highly anticipated update last week before it was delayedfell about 6%, as investors prepared the decision to postpone the so-called hard fork until 27 February.

The update of Constantinople was suddenly canceled last week, just a day before it was expected to go live, after a security researcher discovered a software bug that could allow attackers to steal funds.

Fork, which differs from most other cryptocurrant forks, reduce the premiums paid to miners from three per block to two, and is expected to reduce inflation and stabilize the ether.

The updating of Ethereum in Constantinople is also part of its transition to a stakeholder-consensus algorithm by the end of the year, starting with the most energy-intensive work trials currently in use.

This is not the first time that the update has been postponed, with its originally scheduled to go live in November last year, but the plans for & nbsp; they have been derailed due to network bugs.

The ethereum price had risen to reach the hard fork, but it yielded its gains after the update was delayed.CoinDesk

Ethereum is down by an incredible 80% from its historical highs as a so-called winter crypto, which hit the sector last year, canceling about 700 billion dollars from the cryptocurrency market. Investors are expected to have cold feet waiting for & nbsp;long-awaited institutional investments in the sector.

"What we are seeing now is the effect of a flat market: the general noise of sentiment is dying, so the development of individual tokens is getting more attention," Mati Greenspan, senior market analyst at eToro brokers, said last week.

Many bitcoin and cryptocurrent enthusiasts remain confident that the bitcoin price, along with the price of other major digital tokens, will recover at the end.

Marcus Hughes, British chief adviser on behalf of Crypto and San Francisco Coinbase's portfolio provider, said he expects this year will mean big changes to the regulation of bitcoin and cryptocurrency all over the world.

"Within the next year or two, we'll see big developments," Hughes said in an interview. "The regulation will take shape this year, particularly in Europe."

The bitcoin price fell yesterday after rising sharply at the start of the week as the market continues to seek direction.CoinMarketCap

Elsewhere, & nbsp; Binance, based in Hong Kong, the world's largest bitcoin and cryptocurrency exchange trading volume, said it was "overwhelmed" by the registrations for its new Jersey-based trading platform, which is the administrator Changpeng Zhao's deputy, respected throughout the exchange, he put "crazy" request.

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Bitcoin sales are back, hitting all major currencies including ethereum, litecoin, Ripple's XRP, bitcoin liquidity and EOS, since $ 6 billion in value are canceled by the global market capitalization of the cryptocurrency over the weekend, according to the CoinMarketCap trading data site.

The price of bitcoins is almost 5% this morning in the last 24 hours, peaking below the psychological value of $ 3,500, with investors and traders continuing to worry about the future of major cryptocurrencies as a one-year bear market seems set to drag us well until 2019.

Ethereum has lowered the field of cryptocurrency while traders and investors digest the latest news on the network update.Getty

Ethereum, which was expected to undergo a long-awaited update last week before its delay, dropped by around 6%, as investors elaborated their decision to postpone the so-called hard fork until 27 February.

The update of Constantinople was suddenly canceled last week, just a day before it was expected to go live, after a security researcher discovered a software bug that could allow attackers to steal funds.

The fork, which differs from most other cryptocurrant forks, will reduce premiums paid to miners from three per block to two, and it should reduce inflation and stabilize the ether.

The updating of Ethereum in Constantinople is also part of its transition to a stakeholder-consensus algorithm by the end of the year, starting with the most energy-intensive work trials currently in use.

This is not the first time the update has been postponed, originally scheduled to go live in November of last year, but plans have been derailed due to network bugs.

The ethereum price had risen to reach the hard fork, but it yielded its gains after the update was delayed.CoinDesk

Ethereum is down by an astounding 80% since its historical highs as a so-called winter crypto, which hit the sector last year, has canceled about $ 700 billion from the cryptocurrency market. Investors are believed to have become cold feet awaiting long-awaited institutional investments in the sector.

"What we are seeing now is the effect of a flat market – the general noise of sentiment is dying, so the development of the individual tokens is receiving more attention," Mati Greenspan, senior broker analyst at eToro, said last week. .

Many bitcoin and cryptocurrent enthusiasts remain confident that the bitcoin price, along with the price of other major digital tokens, will recover at the end.

Marcus Hughes, chief advisor for the cryptocurrency exchange and San Francisco wallet provider, Coinbase, said that this year should mean big changes to the regulation of bitcoins and cryptocurrencies around the world.

"Within the next year or two, we'll see big developments," Hughes said in an interview. "The regulation will take shape this year, particularly in Europe."

The bitcoin price fell yesterday after rising sharply at the start of the week as the market continues to seek direction.CoinMarketCap

Elsewhere, Binance, based in Hong Kong, the world's largest bitcoin and cryptocurrency exchange trading volume, said it was "overwhelmed" by the registrations for its new Jersey-based trading platform, which CEO widely respected exchange Changpeng Zhao put it down for "crazy question".

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