Bitcoin crashes to prices not seen since... Just 2 weeks ago!
Bitcoin is still up 27% this month and most altcoins even more and you guys are panicking? Remember Bitcoin began December below $10,000.
There's no big news event that triggered the sell-off, so I think it's just end-of-the-year profit-taking. Eventually it seems to turn out that those who predicted a 10,000 Bitcoin price by the end of the year won't be far off. We just didn't expect it to happen like this ;-)
Welcome to my Cryptocurrencies Market Overview for Friday, December 22, 2017.
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin Daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - December 22, 2017
Bitcoin Fights Back From $13,000 as Selloff Enters Fourth Day
The world’s largest cryptocurrency sank as much as 21 percent, briefly trading below $13,000, before recovering to near $14,000 late in the European morning. Other cryptocurrencies also tumbled, with bitcoin cash crashing 31 percent and ethereum losing 20 percent over the past 24 hours, according to coinmarketcap.com.
Read more: Bloomberg
Futures Firm Cboe Filed for 6 Bitcoin ETFs This Week
The Chicago Board Options Exchange (Cboe) has filed with the U.S. Securities and Exchange Commission (SEC) to list multiple bitcoin futures ETFs in the past week, public records show.
Read more: coindesk.com
Goldman Is Setting Up a Cryptocurrency Trading Desk
At least one of Wall Street’s biggest firms is growing more comfortable with cryptocurrencies. Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said.
Read more: bloomberg.com
Other sources:
- Goldman is reportedly getting into bitcoin and crypto trading
- Doing a 180 – Goldman Sachs Goes Crypto
Wikileaks to Accept Additional Cryptocurrencies for Donations
Wikileaks is reportedly set to begin accepting additional cryptocurrencies as a way to serve users who want to contribute to its media and whistleblowing efforts.
Read more: coindesk.com
Lightning CEO Elizabeth Stark on Bloomberg, Discussing Lightning Network and the Future of Bitcoin
CEO of lightning network, Elizabeth Stark interviewed on Bloomberg. Explains technology from Lightning network, and bitcoin’s future scaling and reduction in fees. Exciting times for bitcoin.
North Korea Accused of Hacking South Korean Bitcoin Exchange Youbit
Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds.
Read more: cointelegraph.com
From China to Singapore, Asian countries are increasingly uneasy with the rise of bitcoin
Regulators in Asia Pacific, including those in China, Australia and Singapore have become increasingly uneasy with the rise of cryptocurrencies.
Read more: cnbc.com
NEM Digital Assets to Integrate with Trezor Hardware Wallet
NEM.io Foundation and SatoshiLabs have struck a partnership to integrate the latter’s Trezor hardware wallet with the NEM blockchain.
Read more: cryptovest.com
Popular Chat App Kakao’s Exchange Upbit Claims Number One Spot in South Korea
Kakao’s cryptocurrency exchange Upbit now claims to be the largest crypto exchange by volume in South Korea, one of the top three markets globally. Listing over 120 coins and leveraging Kakao Talk’s massive user base, Upbit currently facilitates an average daily trading volume of 5 trillion won.
Read more: bitcoin.com
Why Bitcoin is Better than Banks | Interview with Simon Dixon
CEO and Co-founder of BnkToTheFuture, Simon Dixon, talks about Bitcoin growth, world of cryptocurrency, and 3 simple problems in banking on an interview in Block Show Asia with Cointelegraph. A must watch!
Bitcoin could trigger the next financial crisis
Cryptocurrencies could trigger the next financial crisis if they become a systemic risk to the financial system, a cryptocurrency expert has said.
Read more: businessinsider.com
Cryptocurrencies in Panic Mode: Five Reasons for the End-Of-Year Crash
The cryptocurrency market showed its scary side as the roller-coaster ride reached the peak and started what felt like freefall. Beyond sheer panic and the activity of trading bots, here are five possible reasons for the correction.
Read more: cryptovest.com
Good time for people to buy that said they missed out. This can be seen as a long term investment because it will eventually rise , the matter of time will decide when .
This is crypto as it best.
The same speed you make profit.
The same speed your profit phew.
That is some serious market cap lose nearly 200 billion. Thats far more then a correction now.
Crazy, but i'm still a buyer BIG TIME now especially.
Fast up = fast down. Pure technical and some extra downward pressure by all the extra FUD. BTC is still the extremely innovative tech where I bought in to so HODL!!!!
I actually did expect the big pullback this month after that crazy rise, so I got out of BTC temprarily at 17K with a nice profit until things settle down. I am very bullish long term on Bitcoin so I will buy again at the lows. This market fluctuation has happened (looking at the charts) each time BTC has gone up exponentially and then come down again, just on a greater scale each time. It is funny though that it was just two weeks ago we were at these prices. I feel sorry for newcomers that may have put in a significant investment at the peak.
Good gravy this is a lot of information!!! I'm sure you have some sort of template set up for this but.....man, takes me an hour to read this. I can't imagine putting it together.
Great title though. I keep saying that same thing to others. Big correction and my accounts are now down to where they were....last Tuesday. lol
Are you looking forward to the day when Steem cracks your top 30? It might be coming....kinda depends on if some of these others leap-frog it.
Keep it up! I love reading it! Good stuff as always....
i agree
It is funny to watch all of this. I made $200 in about 2 hours just by buying LTC at $225 and then selling at $250.
Buy on the dip, not at the top!
This strategy requires a lot of luck, especially because there are no fundamentals. There is no state with an economy backing up the currency with some sort of policy. I could go on and on if people want.
LOL!!
Perfect.
yea i and i m agree on it just the end of the year and really here are many experts who predict it on only 10000 but it gone double and hope it will move up again soon in these days @penguinpablo...and this is time to buy it isure