Crypto Markets Not in Such a Giving Mood, Bitcoin Drops by over 3%

There was no Santa Claus rally this year for the crytpo markets, and today Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term does not feel that it is better to give than to receive.

The case can be made that equity markets did have their rally. Stocks did go through their greatest price swings since 2011, but US indices once again found themselves at record levels, despite slumping commodity markets.

Last Christmas, bitcoin was rising through the $600s on its second trip back to near $1000, reached early in the new year.

Bitcoin (BTC) has fallen by 3% during the past 24 hours to $315 on BTC-e, hovering within striking distance of 2014 lows. The drop all but erases a string of modest but hard-earned gains that brought BTC to a one-week high.

The prospects of a mid-term recovery are growing dimmer as it spends longer periods in the low $300s, as reflected by its slowly declining 50-day moving average (MA).

Litecoin earlier fell to $2.67, within 8 cents of a $2.59 low reached last week.

Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term, Stellar and Nxt are the only coins among the top ten to trade in positive territory today, another example of their immunity during market downturns.