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Hodlers face test as cryptocurrency plunges deepens

Published 01/16/2018, 02:04 PM
© Reuters.  Hodlers face test as cryptocurrency plunges deepens
  • Bitcoin was recently down 25% and quoted below $11K on some exchanges. Ethereum and Litecoin are showing similar declines.
  • Ripple is down 31.5% to $1.25. About ten days ago, it had touched a high of $3.81 and briefly made its CEO wealthier than Mark Zuckerberg. Five weeks ago, it could be had for $0.25.
  • Crypto veterans have seen this movie before, and Bitcoin's 45% plunge from a high hit one month ago could look like nothing more than a blip on a chart. New speculators who rushed in at $15K or higher may feel differently.
  • In some encouraging news for cryptocurrency fans, Dallas Mavericks owner Mark Cuban says the team next season will begin accepting Bitcoin, Ether and maybe other coins as payment for tickets.
  • Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, PRELF, OTCPK:BLKCF, OTC:CRCW, COINB, LFIN
  • Now read: Bitcoin Versus Ethereum


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