Bitcoin crashes 12%

Posted 25 September, 2019

In the middle of the week, the average market rate of Bitcoin reportedly collapsed by 12%,  which is similar to the drop drop recorded in late June (from $13,700 to $10,500).

For reference, quotes lost parctically $1,000 falling from $9,500 to $8,370 just over an hour. However, the price strengthened dramatically after that.

At present, the coin changes hands near $8,400.

Due to the depreciation, Bitcoin trading volumes increased by 80% and reached $27 billion. The coin capitalization is $153 billion.

Almost all 100 altcoins from the Coinmarketcap rating have fallen in price over the past 24 hours. Ethereum has fallen in price by 16% over the past 24 hours, XRP - by 12%. Immediately 25 coins lost 20% of the price: Bitcoin Cash and Bitcoin SV, EOS and Ethereum Classic.

The total market capitalization decreased from $257 billion to $222 billion - by 14%. Trading volumes increased by 69% and currently amount to $98 billion.

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25 September, 2019 14:12

← Bitfinex/Tether case: Bitfinex allowed not to provide documents to Attorney General so far

The parent company of Bitfinex and Tether – iFinex – has received a rule made by the Appellate Division of the Supreme Court which grants relief from the need to provide documents to the New York Attorney General. The decision was unveiled on September 25.

Bitfinex/Tether case: Bitfinex allowed not to provide documents to Attorney General so far

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25 September, 2019 11:23

Bitfinex launches updated IEO platform →

Bitfinex has reportedly restarted operations at its IEO platform after structure and technology update. The previous platform Tokeniex was shut down just after splitting from Ethfinex. The company representative commented on the blog post that the new platform will be called Bitfinex Token Sales. It will be focused on long-term project outlook rather than near-term results of token sales.

Bitfinex launches updated IEO platform
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