Stellar surpasses Bitcoin cash as the civil war continues and Bitcoin falls further

[ad_2][ad_1]<div _ngcontent-c14 = "" innerhtml = "

Bitcoin liquidity has lost its position as the fourth cryptocurrency in the world as its civil war against the rival bitcoin's leadership starts, allowing the stellar lumens (XLM) to make its break in the big leagues.

Stellar outperformed cashcoin despite losing about 13% of its value in the last 24 hours on a route that saw a bitcoin, the largest cryptocurrency in the world with a considerable margin, tank 15% and fall below $ 5,000 for the first time since October last year. The bitcoin is still falling rapidly, going towards the psychological sign of $ 4000.

Bitcoin liquidity could now come out of the top five major cryptocurrencies due to the price drop of over 40% in the last 24 hours, adding a wipeout that has seen more than half of its value lost in the last week. & Nbsp; it is trading at $ 209, with a market capitalization of $ 3.8 billion-Down from the highs of $ 630 at the beginning of November. & Nbsp;

Stellar this year has lost almost 80% of the value after the massive run of 2017. (Photo by Guillaume Payen / SOPA Images / LightRocket via Getty Images)Getty

However, CoinMarketCap, which tracks the prices of hundreds of cryptocurrencies, has combined the market capitalization of bitcoin cash and one of its forks, bitcoin cash ABC, since many exchanges use bitcoin money to refer to the bitcoin money ABC.

Stellar lumens (XLM) & nbsp; is trading at $ 0.18, after falling 20% ​​in the last 24 hours with a market capitalization of $ 3.5 billion. Stellar was supported this year by speculation that it could be listed on the Coinbase US exchanges and wallet provider.

In July the exchange said he was considering the stellar list, as well as a number of other digital tokens.

Last week the bitcoin cash hardball fork was blamed for pushing the broader sell-0ff cryptocurrency, erasing billions from the value of bitcoin, ripple (XRP) and ethereum and leading to many analysts and groups denouncing the chaotic nature of cryptocurrencies and their & nbsp inadequacy as a currency and a store of value.

The cash-hard bitcoin fork, a consequence of coin developers and miners who are unable to agree on a direction to take the cryptocurrency,& Nbsp;led to the creation of bitcoins ABC and bitcoin SV.

The two continue to fight for domination,& Nbsp;do what is known as hash war, while everyone tries to take the upper hand in computing power and takes control of the bitcoin cash network.

Bitcoin and other major cryptocurrencies are drastically decreasing, with bitcoin money leading the field down.CoinMarketCap

"The cryptor bloodbath continues," said Neil Wilson, chief market analyst at Markets.com. "It seems like things only get worse from here.Where is the incentive to buy? It seems rather that the fund is coming out of this market."

Some $ 25 billion has been canceled from the cryptocurrency market in the last 24 hours. Bitcoin rose to almost the highest level of nearly $ 20,000 last year, but has steadily declined in 2018, as investors fear that the widely anticipated institutional investments in the sector will not materialize.

As the market for bitcoins and larger cryptocurrencies decreases, some are still buying the decline, according to eToro's senior market analyst trading platform, Mati Greenspan.

"The next logical level of support is $ 5,000, but if it is not, the next logical level of support is not up to $ 3,500," Greenspan said in a note to customers. & Nbsp; "With all the prices falling lately, this definitely fits the definition of a buyer's market. "

In addition to bitcoin worries, last week the US Securities and Exchange Commission took action against two cryptocurrency startups that sold the first coin offerings (ICOs) by selling cryptocurrency tokens to the public. Airfox and Paragon Coin have agreed to pay civil penalties for the performance of token sales last year without registering them as stock offers.

The stellar price has been relatively stable since July of this year after its initial sell-off at the start of the year.CoinDesk

"Only a few weeks ago the cryptographers were worried about the lack of volatility in the encrypted market," said founder and CEO of deVere Financial Advisory Group, Nigel Green. "Now volatility is back and many experienced investors will use it as an important buying opportunity, perhaps the latest in 2018. More experienced investors understand that digital currencies are the future of money and, as such, , they will capitalize the lowest prices in to build their portfolios and shore up their positions. "

Meanwhile, the bitcoin SV, which competes with bitcoins ABC for the bitcoin network domain, has now boasted that it has extracted the biggest block ever on a 64 MB public blockchain.

Elsewhere, ripple, the common name for the XRP digital token, has surpassed the route better than the major cryptocurrencies due to its association with the financial industry established as a means of cross-border exchange.

">

Bitcoin liquidity has lost its fourth cryptocurrency position in the world as its civil war against the bitcoin rival's direction, allowing the stellar lumens (XLM) to make its break in the big leagues.

Stellar outperformed cashcoin despite losing about 13% of its value in the last 24 hours on a route that saw bitcoin, the world's largest cryptocurrency with a considerable margin, 15% of the tank and a $ 5,000 decline for the first time since October of last year. The bitcoin is falling rapidly again, going towards the psychological sign of $ 4000.

Bitcoin liquidity could now come out of the top five major cryptocurrencies due to the price drop of over 40% in the last 24 hours, adding to a wipeout that has seen more than half of its value lost in the last week. Bitcoin money is trading at $ 209, with a market capitalization of $ 3.8 billion-Down from the highs of $ 630 at the beginning of November.

Stellar this year has lost almost 80% of the value after the massive run of 2017. (Photo by Guillaume Payen / SOPA Images / LightRocket via Getty Images)Getty

However, CoinMarketCap, which tracks the prices of hundreds of cryptocurrencies, has combined the market capitalization of bitcoin cash and one of its forks, bitcoin cash ABC, as many exchanges use bitcoin money to refer to the bitcoin money ABC.

The stellar lumens (XLM) are trading at $ 0.18, after having fallen by 20% in the last 24 hours with a market capitalization of $ 3.5 billion. Stellar was supported this year by speculation that it could be listed on the Coinbase US exchanges and wallet provider.

In July the exchange said it was considering the stellar list, as well as a number of other digital tokens.

Last week the bitcoin cash hard fork was blamed for triggering the most sell-0ff cryptocurrency, erasing billions from the value of bitcoin, ripple (XRP) and ethereum and leading to many analysts and groups denouncing the chaotic nature of cryptocurrencies and the their inadequacy as a currency and a store of value.

The cash-hard bitcoin fork, a consequence of coin developers and miners who are unable to agree on a direction to take the cryptocurrency, led to the creation of bitcoins ABC and bitcoin SV.

The two continue to fight for domination, doing what is known as a hash war, since everyone tries to take the upper hand in computing power and takes control of the bitcoin cash network.

Bitcoin and other major cryptocurrencies are drastically decreasing, with bitcoin money leading the field down.CoinMarketCap

"The cryptic bloodbath continues," said Neil Wilson, chief market analyst at Markets.com. "It seems that things only get worse from here, where is the incentive to buy? It seems rather that the fund is coming out of this market".

About $ 25 billion has been canceled from the cryptocurrency market in the last 24 hours. Bitcoin rose to almost the highest level of nearly $ 20,000 last year, but fell steadily in 2018, as investors fear that institutional investments widely expected in the industry will not materialize.

While bitcoin and the larger cryptocurrency fall, some are still buying the drop, according to Mati Greenspan, eToro senior market analyst.

"The next logical level of support is $ 5,000, but if it is not, the next logical level of support is not up to $ 3,500," said Greenspan in a note to customers. "With all the prices down lately, this certainly fits the definition of a buyer's market ".

In addition to bitcoin worries, last week the US Securities and Exchange Commission took action against two cryptocurrency startups that sold the first coin offerings (ICOs) by selling cryptocurrency tokens to the public. Airfox and Paragon Coin have agreed to pay civil penalties for the performance of token sales last year without registering them as stock offers.

The stellar price has been relatively stable since July of this year after its initial sell-off at the start of the year.CoinDesk

"Only a few weeks ago the cryptographers were worried about the lack of volatility in the encrypted market," said the founder and CEO of deVere Financial Advisory Group, Nigel Green. "Now volatility is back and many experienced investors will use it as a great buying opportunity, perhaps the latest in 2018. More experienced investors understand that digital currencies are the future of money and, as such, they will capitalize on lower prices to build their portfolios and shore up their positions ".

Meanwhile, the bitcoin SV, which competes with bitcoins ABC for the bitcoin network domain, has now boasted that it has extracted the biggest block ever on a 64 MB public blockchain.

Elsewhere, ripple, the common name for the XRP digital token, has surpassed the route better than the major cryptocurrencies due to its association with the financial industry established as a means of cross-border exchange.

[ad_2]Source link