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On Monday, Bitcoin and Ethereum tumbled because market participants took profit on the recent soar which has seen both cryptocurrencies reach record peaks.
BTC/USD descended to $2,288.1 in America, on the GDAX exchange, losing 7.76%.
Other big exchanges, including Bitfinex, Poloniex and BitStamp also demonstrated the cryptocurrency keeping to the $2,200-level.
Bitcoin has actually struggled to revive having dropped from its high of $3,000 earlier in June, although the digital currency has managed to gain more 150% for the year.
Meanwhile, Ether, a cryptocurrency transacted via the Ethereum platform, decreased 21.63%, being worth $214.70.
Ethereum’s tumble emerged amid concerns that high demand for ethereum-based projects could potentially overloaded the network, provoking flash crashes to take place more often.
Some digital currency traders downplayed the previous week’s flash crash that witnessed Ehtereum sink from $300 to 10 cents on Coinbase’s GDAX exchange, as a motive for the selloff and they were still confident as for the future prospect of cryptocurrencies.
North Korea's unknown hacking group, Lazarus has made an incredible thing – the hackers from the isolated country have managed to thieve more than half a billion US dollars in crypto assets…
On Friday, the evergreen buck moved down, as bond gains kept holding close to a one week maximum, while the common currency managed to tack on…
On Thursday, Bitcoin generally dived, proceeding with its losing marathon…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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