Bitcoin is still up 27% this month and most altcoins even more and you guys are panicking? Remember Bitcoin began December below $10,000.
There's no big news event that triggered the sell-off, so I think it's just end-of-the-year profit-taking. Eventually it seems to turn out that those who predicted a 10,000 Bitcoin price by the end of the year won't be far off. We just didn't expect it to happen like this ;-)
Welcome to my Cryptocurrencies Market Overview for Friday, December 22, 2017.
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin Daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - December 22, 2017
Bitcoin Fights Back From $13,000 as Selloff Enters Fourth Day
The world’s largest cryptocurrency sank as much as 21 percent, briefly trading below $13,000, before recovering to near $14,000 late in the European morning. Other cryptocurrencies also tumbled, with bitcoin cash crashing 31 percent and ethereum losing 20 percent over the past 24 hours, according to coinmarketcap.com.
Read more: Bloomberg
Futures Firm Cboe Filed for 6 Bitcoin ETFs This Week
The Chicago Board Options Exchange (Cboe) has filed with the U.S. Securities and Exchange Commission (SEC) to list multiple bitcoin futures ETFs in the past week, public records show.
Read more: coindesk.com
Goldman Is Setting Up a Cryptocurrency Trading Desk
At least one of Wall Street’s biggest firms is growing more comfortable with cryptocurrencies. Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said.
Read more: bloomberg.com
Other sources:
- Goldman is reportedly getting into bitcoin and crypto trading
- Doing a 180 – Goldman Sachs Goes Crypto
Wikileaks to Accept Additional Cryptocurrencies for Donations
Wikileaks is reportedly set to begin accepting additional cryptocurrencies as a way to serve users who want to contribute to its media and whistleblowing efforts.
Read more: coindesk.com
Lightning CEO Elizabeth Stark on Bloomberg, Discussing Lightning Network and the Future of Bitcoin
CEO of lightning network, Elizabeth Stark interviewed on Bloomberg. Explains technology from Lightning network, and bitcoin’s future scaling and reduction in fees. Exciting times for bitcoin.
North Korea Accused of Hacking South Korean Bitcoin Exchange Youbit
Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds.
Read more: cointelegraph.com
From China to Singapore, Asian countries are increasingly uneasy with the rise of bitcoin
Regulators in Asia Pacific, including those in China, Australia and Singapore have become increasingly uneasy with the rise of cryptocurrencies.
Read more: cnbc.com
NEM Digital Assets to Integrate with Trezor Hardware Wallet
NEM.io Foundation and SatoshiLabs have struck a partnership to integrate the latter’s Trezor hardware wallet with the NEM blockchain.
Read more: cryptovest.com
Popular Chat App Kakao’s Exchange Upbit Claims Number One Spot in South Korea
Kakao’s cryptocurrency exchange Upbit now claims to be the largest crypto exchange by volume in South Korea, one of the top three markets globally. Listing over 120 coins and leveraging Kakao Talk’s massive user base, Upbit currently facilitates an average daily trading volume of 5 trillion won.
Read more: bitcoin.com
Why Bitcoin is Better than Banks | Interview with Simon Dixon
CEO and Co-founder of BnkToTheFuture, Simon Dixon, talks about Bitcoin growth, world of cryptocurrency, and 3 simple problems in banking on an interview in Block Show Asia with Cointelegraph. A must watch!
Bitcoin could trigger the next financial crisis
Cryptocurrencies could trigger the next financial crisis if they become a systemic risk to the financial system, a cryptocurrency expert has said.
Read more: businessinsider.com
Cryptocurrencies in Panic Mode: Five Reasons for the End-Of-Year Crash
The cryptocurrency market showed its scary side as the roller-coaster ride reached the peak and started what felt like freefall. Beyond sheer panic and the activity of trading bots, here are five possible reasons for the correction.
Read more: cryptovest.com
