Bitcoin's market dominance over the cryptocurrency market has hit 52 percent for the first time since May this year. This means if all BTC were sold at the current price right now, the total in USD would be more than the value of all other cryptocurrencies combined.
Today in the news:
- Russia will block Bitcoin exchange websites, says central bank official.
- Ripple adds new members to Distributed Ledger Network.
- Xapo on SegWit2x: We might not treat BTC chain as real Bitcoin.
Cryptocurrencies Market Overview for Tuesday, October 10, 2017.
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - October 10, 2017
Breaking: Russia Rejects Cryptocurrency as Authorities Block Access to Exchanges
Russia’s central bank is leading efforts to shut Internet access to cryptocurrency exchange websites.
Read more: cointelegraph.com
Other sources:
- Russia's Central Bank Backs Move to Block Bitcoin Websites (Coindesk)
- Russia Set to Block Access to Cryptocurrency Exchanges to Protect Citizens? (Cryptovest)
Bitcoin Price Surpasses $4,800 as Bullish Momentum is Back in Place
A lot of eyes will be on the Bitcoin price for the next few hours and days. Thanks to the gains made over the past 24 hours, we now have a Bitcoin price well above the $4,800 mark once again. It is evident a lot of people have been waiting to see this price point again, as it brings us a big step closer toward reaching $5,000 again. When that will happen exactly, remains to be determined, though.
Read more: themerkle.com
100 and Counting: Ripple Adds New Members to Distributed Ledger Network
Distributed ledger startup Ripple has signed up nine additional users for its global payments network product, RippleNet.
Read more: coindesk.com
Several Chinese Bitcoin Mining Operations are Shutting Down, Local Sources Claim
An interesting sea change is flowing through China as we speak. Although the country is still the biggest powerhouse when it comes to Bitcoin mining, multiple operations have reportedly shut their doors in the past few weeks. It is thought a lot of individuals will sell their ASIC hardware and move on to other ventures. If there is any truth to these claims, China may become an afterthought in the world of cryptocurrency sooner or later.
Read more: themerkle.com
The Bittrex Curse: Analysts Belive Alt Prices Dropping are Linked to Big Player on Bittrex
Analysts at Cryptocyndicate discovered a strange anomaly. Bittrex-traded coins fell disproportionately, adding to the picture of altcoins slumping across the board. Increased volumes and price pressures may create further turbulence on trading and exchange platforms.
Read more: cryptovest.com
Warning: XAPO Users Have the "Real Bitcoin" Chosen for Them
The XAPO wallet signaled it may not support both blockchains after an eventual November split. The wallet may thus disable Bitcoin Core coins and give the official position to the SegWit2X blockchain- based on difficulty levels.
Read more: cryptovest.com
Litecoin Price Hovers Around $50 but Looks to Break Upward
A lot of people would assume altcoins to gain in value once they have recovered from the current Bitcoin price action. It is unclear when that will happen exactly, though. Things are not looking all that great for the Litecoin price right now, that much is evident. Despite a push to $54.43 less than a day ago, the price reversed to $48.7 all of a sudden. It will be interesting to see what this Litecoin price momentum brings in the coming days.
Read more: themerkle.com
Don’t Fear Forks, There’s Only One Bitcoin
There’s been some panic lately over the various “forks” of the Bitcoin network, particularly among the less tech-savvy who hear inaccurate or incomplete news on the mainstream media. It’s important to clear up some confusion, because there are more so-called “forks” coming.
Read more: cointelegraph.com
