This cryptocurrency correction is a good thing

Mashable

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work.


The cryptocurrency market is taking a pounding

Mashable

Bitcoin, Ethereum, and all other major cryptocurrencies are continuing their downward slide. The prices of all top 10 coins are down by double-digit percentages in the last 24 hours, according to CoinMarketCap. Bitcoin is currently trading at $7,951, a 13.4 percent decline, while Ethereum is at $592, a 14.6 percent drop. The sell-off is likely a result of an onslaught of bad news for the crypto market, and the continuation of a bearish trend that started in January. On Wednesday, Google announced it will ban cryptocurrency-related ads on its AdWords platform starting June.


Bitcoin price hits 2018 low but cryptocurrency market shows signs of recovery

The Independent - Tech

Bitcoin has crashed below $6,000 (£4,531) to reach its lowest value in almost eight months, as investors continue to react to recent allegations of price manipulation. The world's most valuable cryptocurrency dropped to $5,826 on Sunday, 24 June, according to CoinMarketCap, but has since seen a modest recovery to return above $6,000. The price fall was reflected across the cryptocurrency markets, with ethereum, bitcoin cash and ripple all dropping by between 10 and 20 per cent over the last week. All of the major cryptocurrencies have seen slight price gains of between 3 and 10 percent over the last 24 hours. On 3 January, 2009, the genesis block of bitcoin appeared.


RIALTO.AI: A Cryptocurrency Investment For Hedging Your Crypto Portfolio – Arbitrage, Market Making & AI TradeBots

#artificialintelligence

On September 21st, 2017, Rialto had a market cap at USD $28,316,985 for the equivalent of 7,654 BTC or 105,816 ETH, with a circulating supply 85,000,000 XRL at a price of $0.333141 per coin. A friend of mine recently asked me to look into Rialto… after I revealed to him that I haven't heard of the company and don't know anything about it. I'm always looking to learn, and the cryptocurrency market certainly provides plenty of opportunities for education, lol. A quick glance through the news shows some buzz around this company and its management. Rialto is interesting, unique, and fulfills an important, and currently vacant, role in cryptocurrency markets.


CoinMarketCap: Removal Of Korean Markets Causes Drop In Cryptocurrency Prices

International Business Times

CoinMarketCap, a popular source for data regarding cryptocurrency markets, caused controversy Monday when it announced that it would be excluding South Korean exchanges from its price average calculations.