Cryptocurrency

After encouraging gains crypto markets are down again, bitcoin below $9,000US Dollars

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(Last Updated On: April 25, 2018)

#Cryptocurrency | #Bitcoin

The latest data from cryptocurrency market showed that bitcoin (BTC) was trading below $9,000 as the time of publishing this post (April 25, 2018) 21:11PM.

BTC is currently trading around $8,982.05US Dollar, according to coinmarket.

The fall across board is coming a few hours after MIT Technology Review released a paper on how to reduce the dominance of bitcoin.

MIT Technology review proffered three options to reduce the dominance of the most valuable digital currency.

Bitcoin briefly reached $9,708USD today, now down by 4% in the last 24 hours as at press time.

Ethereum (ETH) went down by 10% in the last 24 hours, trading at around $607.03US Dollar.

The price of bitcoin has been one of the major driving force of value of other coins in the market.

When bitcoin goes up, other coins show significant increase, when it goes down, others are affected.

Of the top 100 cryptocurrencies, TRON (TRX)was up by 1percent, though was trading below $1USD.

Also in the category of gainers are Steem, going up by 11 percent; even as unpopular Decreed is, it’s trading for $81.20USD, gaining 7 percent in the last 24 hours.

Another coin that’s pulling the crypto market was Mixin (XIN), it gained 16 percent, trading for $1,258.07USD.

Total market capitalization stood at $395.76billion as against over $4Billion it posted some days ago.

One of our fans today believe that bitcoin could reach $20,000 in the next three months, he’s unperturbed by the recent fall in crypto prices.

About the author

Opeyemi Quadri

Ope is the brain behind all contents on infobase, an online media which is among the earliest and foremost publications covering N-power Programme, cryptocurrency, travel guide and other problem-solving guides. He has authored over 1,000 articles for infobase.

When he isn't watching Channels Tv or BBC, he's on NatGeoWild. He's cryptocurrency and blockchain enthusiast. Email: ope@infobase.com.ng

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