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Cryptocurrency plunged 80%, hit a new low


The cryptocurrency hit a new low on Wednesday, and the index tracking cryptocurrency MVIS CryptoCompare Digital Assets 10 fell again. It has plunged 80% since the January, which is 78% higher than the Nasdaq Composite Index after the Internet bubble burst in 2000. The decline is even worse.


Like the predecessors of the Internet stock market boom nearly two decades ago, cryptocurrency investors are betting on new technologies that seem revolutionary, and now they are painfully accepting the test of reality, especially the so-called “tokens”. Investors in second-line cryptocurrencies are even more tragic.


"This plunge has fully exposed how big the bubble in the cryptocurrency market is - we have warned about how serious the bubble has been," said Neil Wilson, chief market analyst at Forex trading platform Markets.com in London. "The cryptocurrency market is most likely to develop into a big one--now it is most likely that Bitcoin will dominate the world."


The second largest virtual currency, the US dollar, led the decline on Wednesday. As of 07:50 New York time, the decline has reached 6% to 171.15 US dollars, a drop of 40% this month. The value of all virtual currency tracked byCiticoinsfell to $187 billion, the lowest level in 10 months. From the daily line, we can see the continuous heavy volume falling market; but eth to usd just started to rise, and immediately a large group of people ran out to sing ETH, Ethereum, polarization, or it was with the wind. From the perspective of the 4-hour MACD, the DIF has a clear pick. Although it has not broken the 0 line, it still has a good upward trend in the short term. The net outflow of the main market for 24 hours was 41.2 million yuan, and the net outflow of retail investors was 227 million yuan.


After yesterday's strong adjustment, the bitcoin value was again pushed to the support level of $6,200, and finally took the opportunity to pull up to the $6,500 position. However, as of 6 pm, the potential energy turned lower. The 2-hour MACD was above 0, but the fast-track DIF was lowered to wear the slow-line DEA, indicating that there will be a small correction in the short-term. The net inflow of 24-hour main force was 588 million yuan, and the net inflow of retail investors was 516 million yuan.


According to the Citicoins market, today's Bitcoin continued to rise, the highest rose to 6556 US dollars, the highest since the rebound on September 8, the fire currency is now reported 6553.69 US dollars, today's increase of 1.09%; mainstream currency is affected by the rise of Bitcoin BCH is currently reporting $471.15, an increase of 4.45%; ETH is currently reporting $220.45, an increase of 8.72%; ETC is now offering $11.31, an increase of 1.83%; LTC is now offering $55.45, an increase of 2.45%; EOS coin price is currently quoted at $5.49 , an increase of 3.68%. The current global market capitalization is 204.07 billion US dollars.

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Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were being investigated over their involvement in selling cryptocurrencies.
Cryptocurrency News sites ensure users get first hand information on cryptocurrencies so they could take note, avoid what needs to be avoided and follow what is necessary.
Additionally, alerts and warnings had been sent to another dozen or so firms over suspicion that they were engaging in cryptocurrency investment scams.

This is also to avoid affecting the business operations of the companies involved negatively before a definite conclusion has been reached.
Late last month, CCN reported that the FCA had opened inquiries into 67 firms which were involved in cryptocurrency dealings. The latest information from the FCA now indicates that inquiries on 49 firms were closed, with 39 of those firms being slapped with consumer alerts.

Source:  https://www.ccn.com/bitcoin-to-end-2018-with-80-drop-what-investors-should-expect-in-2019/
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If you are looking for Crypto News sites. You should get the latest news on Cryptocurrency news and unique insights of traditional markets like the Stock Market, Commodities and Forex.


There are over 50 Cryptocurrency news sites but the best 10th is quite an informative:


1. Cointelegraph
2. Coindesk
3. NewsBitcoin
4. Bitcoinist
5. Crypto Daily
6. Coinspeaker
7. Coinjournal
8. CryptoPotato
9. A Bit of News
10. Bitcoinwarrior.
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If you are looking for Crypto News sites. Should the get the You latest news on Cryptocurrency news and unique Insights of Traditional markets is like the Stock Market, the Forex and Commodities.


There are over 50 news sites but the 10th is quite an informative:


1. Cointelegraph
2. Coindesk
3. NewsBitcoin
4. Bitcoinist
5. Crypto Daily
6. Coinspeaker
7. Coinjournal
8. CryptoPotato
9. A Bit of News
10. Bitcoinwarrior .
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