Blockchain & Digital Currency News | June 12, 2018
Today is June 12, 2018
Below is my fresh collection of useful articles about cryptocurrencies from various sources
This Could Be The Next Big Thing For The Bitcoin Price
The Bitcoin price has been struggling so far this year, this past weekend dropping more than 10% and taking its year-to-date losses to 50% of its January peak.
There's been a lot of negative news for Bitcoin and cryptocurrencies lately, from cyber hacks, dwindling transactions, sky-high power consumption, and criticism from the world's established financial industry. read more
Bitcoin Struggles For Direction After Sharp Drop
Bitcoin, the world's largest digital currency by market value, has been struggling to define a new trend after plunging to its lowest in more than two months.
The cryptocurrency dropped to $6,647.33 at roughly 18:15 UTC (2:15 p.m. EST) on Sunday, a nearly 12.5% decline from the same time 24 hours before, CoinDesk Bitcoin Price Index (BPI) figures show. see the full article
Ripple price analysis: XRP/USD rangebound, traders looking silver linings amid recent crash
Ripple, the third largest coin by market value, is changing hands at $0.5875, down about 2% since the start of the day and mostly unchanged on daily basis. The coin touched $0.5550 low on Sunday but managed to stage a short-lived recovery without much follow through. Ripple's market value has settled at $23.61, while the trading volumes reduced to $300M from $500M registered on Monday. see the full article