Last week, sources said regulators are investigating whether bitcoin's rally to nearly US$20,000 previous year was the result of market manipulation. The top six cryptocurrencies by market capitalization have seen a double-digit fall in value in the last seven days.
The BTC price is below the 21-day EMA and 50-day EMA.
"To give it the best chance for success we pushed it back to the holidays to give people more time to get on board".
"It would appear that irrespective of your standpoint (i.e. trader, analyst or investor) on ethereum, huge amounts of caution now prevail with nobody really willing to make the first move until the future perhaps becomes a little clearer".
Is This the End For Bitcoin?
Jeffrey Sprecher, New York Stock Exchange (NYSE) chairman, believes cryptocurrency markets have strong future fundamentals as an asset class.
Therefore, before the expected November 15 hard fork, the price of Bitcoin Cash rose by over 50 percent, as Bitcoin Cash SV, camp led by Craig Steve Wright (CSW), Coingeek and Calvin Ayre, confirmed its plans to hard fork.
Celtics 124, Pelicans 107 — Postgame wrap
He's playing on our team. "No one's anxious about who's getting the ball, we're just focused on the defensive end". We want to push the ball and play at a high pace. "We keep saying and doing the same thing after every game".
One of the reasons for the bearish sentiment is Bitcoin ETFs were rejected by the Securities and Exchange Commission (SEC).
"A Bitcoin ETF would help bridge the gap by allowing these large investors to gain exposure to Bitcoin without the hassle of owning it outright".
Bitcoin and other digital currencies have widely been seen as speculative, volatile assets.
The Chinese investor, who is worth almost $50bn (£39bn), said: "Blockchain technology could change our world more than people imagine", but adding that "bitcoin however could be a bubble".
As CryptoGlobe reported recently, Cory Johnson, Bloomberg's editor-at-large and the chief market strategist at Ripple Labs, claims that XRP, a digital currency developed by Ripple (the company), is now being used more than bitcoin (BTC), the flagship cryptocurrency.
The Japanese cryptocurrency exchange Zaif was hacked on September 19, 2018, and $59 million worth of crypto was stolen.
The debate over the crypto market survival intensified after the latest price crash. As the price correction for XRP came in with no solid backing, which means there is no guarantee that it would outperform its peers all the time.