Green Again! Bitcoin Regains $4,000 As Most Cryptos See Green After Bloodbath

Bitcoin’s 3rd bear market in decade could be its worst plunging 80 percent from last year's high

The Ripple-Bitcoin market also saw a significant rise of 10,500 Satoshi before witnessing a drop of 9,000 Satoshi on November 25. Ripple (XRP) markets now hold the second-highest valuation but markets are down 14.4% today and 32.6% since last week.

The break-even cost to mine a single bitcoin using Bitmain's Antminer S9 rig was estimated at US$7,000 in a November 16 report by Fundstrat Global Advisors, though the level is probably lower for some miners with access to cheap electricity and equipment.

The declined Bitcoin price is making it even more hard and less profitable to mine the cryptocurrency.

If the BTC price falls below the $4000 price range this should signal a bottom that a lot of investors are looking forward to, as the cryptocurrency goes through to mainstream adoption.

The 2-hour chart indicates that the price even broke the $3,750 support and traded towards the $3,650 level.

The bitcoin expert said: "In the short term it's really impossible to know".

Bitcoin is 82 per cent below its high of US$19,666 nearly a year ago, and Ripple declined 5.3 per cent to 35 cents, about 90 per cent below its peak. It's lost 33 percent in the past week and 75 percent this year.

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Hamilton's lap time of 1min 34.794secs was another new track record in a season in which the cars have gone quicker than ever. Ricciardo was next, Bottas third, and Hamilton fourth about one second behind.

The move with cryptocurrencies have been heavy these past few days in the market, there are still some huge projects, services, and products to be released on the cryptocurrency market. Last year, Bitcoin was all talks of the town and other cryptocurrencies were booming. Following BTC's drop to these levels, it sharply bounced back to highs of $4,100, before falling back to $3,600.

In a fight for being the fourth largest cryptocurrency between EOS and Bitcoin Cash, EOS overtook Bitcoin Cash momentarily to become the fourth largest cryptocurrency in the world.

Completely disagree. Bitcoin is the reigning king of cryptocurrencies and I don't think that will change any time soon. "The idea is that the hash rate gives some idea of what underlying opex (operating expenses) and capital costs people are willing to utilize to generate Bitcoin and give it a benchmark price".

Wall Street investors can use price-to-earnings ratios to value stocks in the traditional sense but this is not applicable to bitcoin.

The post $63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $100 appeared first on CCN.

BTC price remains at a risk of more losses if it remains below $4,140 and $4,500.

An example of this is the apparent sell-off and rapid buying of BTC tokens every time a support level is breached or a technical level is surpassed.

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