Prices for cryptocurrencies plummet, investors divest from assets

Posted 14 August, 2018

Crypto prices have collapsed on Tuesday.

On the Bitfinex, bitcoin slumped to some $6,131 in the second half of the day, staying close to a multi-month bottom. Ethereum on this platform lost more than 20% falling to $263.81 affected by the reports that ICO participants are shedding assets to offset losses.

As for other main coins, Ripple changed hands at $0.26192 and Litecoin – $53.430.

In late July, cryptos soared getting support from the reports that US Securities and Exchange Commission may approve bitcoin-ETF. However, they reversed just after the authority postponed the determination until September.

The market capitalization dropped by almost $24 billion d-o-d, to some $193 billion ($217 billion yesterday).
In addition, it should be mentioned that the developer of e-payment processing systems – Square – launched bitcoin trading for clients in all states of the country.

For reference, the license for bitcoin trading in New York was granted in June. Initially, the company provided sell/buy services only in some states, while now users can make transactions everywhere in the country and use Square's Visa card.

Previous story

15 August, 2018 10:41

← US dollar stronger again, lira down after short-lived upturn

The US dollar shows some gains in the mid-week. At the same time, the Turkish currency weakens again following the yesterday's upturn. This morning, the euro to US dollar decreased to $1.1342, while the Tuesday session was closed at $1.1344. The greenback showed positive dynamics against the Japanese yen as well.

US dollar stronger again, lira down after short-lived upturn

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14 August, 2018 16:22

Jamaica Stock Exchange announces cryptocurrency trading →

Jamaica Stock Exchange has announced an expansion of the trading services with cryptocurrencies. The platform and blockchain company Blockstation have signed an MOU under which they will establish a new exchange for digital assets trading. The new project will be launched till end-2018. However, the list of coins is yet to be unveiled by the company.

Jamaica Stock Exchange announces cryptocurrency trading
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