Mixed Bitcoin And Crypto-Currencies
08. February 2018 11:51 GMT – Based on 24-hour reports, the collective crypto-currencies are mixed. BTC is up about 5%, Bitcoin Cash is up a surprising 25%, while most others, including Ripple, are down about 5%. There was a strong selling surge on Bitcoin between 22:00 and midnight GMT last night with a value of about $6 Billion. That pulled the market down $300 but subsequent small-volume buying brought the market up to about $8’500 at 11:30 GMT today, a $900 gain. This appears to be the first occurance in some time that the BTC market recovered quickly from a sell-off and ended strongly upwards.
In other news, the Euro lost about 0.15% against the USD and the USD is up to about 0.9455 Swiss Francs. Bitcoin Futures are following the present BTC price pretty closely. The DJI lost lightly to come to just about $25’000, and Brent crude oil is essentially steady at $65.00.
All-in-all, things look remarkably “normal” today considering what we have been seeing the past few weeks – so far anyway!
Crypto-Currencies Again Under Pressure
09. February 2018 02:23 GMT – As has become anticipted from other days performances, there was a mild sales urge on the BTC-USD market this evening GMT. It started as a tag-along to the earlier report above, but it intensified just before midnight GMT and caused a break to below $7’900. At the current time – 02:23 GMT – the market seems to be recoverng to the $8’000 mark, but it is too early to say that it will hold there. Bitcoin Futures are at about $7’900, slightly below the actual price.
In other news yesterday/today, the Dow Jones Industrials again lost over 4% for reasons that are not well understood. The German DAX also dropped over 2.5% before it closed. The fiat currencies seem to be holding reasonably stable – the USD up slightly and the Euro down slightly.