Cryptocurrency Prices Live – What’s the Latest? – Here are the latest updates and news on digital currency and blockchain (bitcoin, ethereum, litecoin etc.).
Digital currencies are becoming a widespread phenomenon throughout the world. Most people have heard of bitcoin, but there are many other altcoins out there that are making great strides.
Here’s an updated list of cryptocurrency prices live:
Bitcoin (BTC): $6,700.00
Ethereum (ETH): $219.25
Ripple (XRP): $0.32
Bitcoin Cash (BCH): $427.39
EOS (EOS): $5.18
Litecoin (LTC): $55.08
Cryptocurrency Prices Live – What’s the Latest? – Here are the latest updates and news on digital currency and blockchain (bitcoin, ethereum, litecoin etc.). Cryptocurrencies are a form of digital money that uses encryption to secure transactions and control the creation of new units. The most popular cryptocurrency is Bitcoin, whose price is regularly tracked in the major financial media.
The cryptocurrency market has rallied threefold and hit $US75 billion this year, with pundits attributing the surge to growing interest from Asia and an increasing acceptance of the blockchain technology behind cryptocurrencies.
The recent surge in cryptocurrency valuations has led to increased media scrutiny. Warren Buffett told CNBC that cryptocurrencies “will come to a bad ending”, while JP Morgan boss Jamie Dimon warned that bitcoin was “stupid” and would eventually blow up.
Bitcoin has been labelled a bubble by many including former Federal Reserve chairman Alan Greenspan, who said it “has to have intrinsic value” before he would consider investing.
The original cryptocurrency rallied above $US1,200 in late 2016 but dropped more than 30 per cent after China clamped down on initial coin offerings (ICOs) and exchanges.
China has banned ICOs. The country’s central bank said at least 90 per cent of ICO
Bitcoin is the most important invention in the history of the world since the internet.
If you don’t already know about it, Google it. Read Satoshi‘s original white paper. Watch some videos on YouTube. Don’t listen to me, listen to the experts.
Okay, now you know about it. We can move on.
Cryptocurrency Prices Live – What’s the Latest?
What is a cryptocurrency?
A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
Cryptocurrencies have come a long way in twenty years but they are still in their infancy. This is exciting because there is so much potential for growth, but it also means that this world is still in flux. It’s hard to keep up with all the different developments and understand where they will lead.
As a result we have created this page as a hub for cryptocurrency prices live, news and updates on digital currencies (bitcoin, ethereum etc.) and blockchain in general. For more information about digital currency investment visit our main site at coinlist.me.
The Latest Developments In Cryptocurrency Prices Live
We will be updating this page regularly with the latest cryptocurrency prices live from markets around the world as well as news and updates on developments in blockchain technology and its many applications.
The prices of the major cryptocurrencies are enjoying a good start to April. The price of the leading cryptocurrency bitcoin has been on the rise since March. And other digital assets like ethereum, litecoin and bitcoin cash have also enjoyed a rally this month. Bitcoin’s Hashrate Sets New All-Time High Multiple crypto market analysts note that the bitcoin (BTC) network’s hashrate is leading the way for the entire crypto ecosystem.
The hashrate of the leading cryptocurrency has reached new all-time highs over 135 exahashes per second (EH/s). This is up from under 100 EH/s in February and around 35 EH/s near this time last year. The BTC network’s hashrate hit 150 EH/s at one point during Sunday’s trading sessions.
Bitcoin price is moving higher on Monday, April 6, with no immediate resistance levels in sight for BTC bulls. At press time, BTC is trading at $5,660 with a total market capitalization of $100 billion. Overall, bitcoin price has gained more than 40% during the first quarter of 2020, which was characterized by a global financial crisis in March due to COVID-19 coronavirus concerns.
Well, there isn’t much to say this week, really. The crypto markets have remained in consolidation mode for the past few days. Bitcoin has been ranging between $8,200 and $8,600 while Ethereum has been in a range of $185 and $210.
There is no real news right now that would indicate a move one way or another so we are still in a wait-and-see situation.
The only piece of news that is worth mentioning is the upcoming Binance Coin (BNB) burn which will occur later today (April 15).
What exactly does this mean though?
Well, Binance conducts coin burns every quarter to destroy some of its profits to help combat inflation and stabilize the price of BNB.
The last time Binance did a coin burn was on February 20th when it destroyed 1,623,818 BNB (approximately $7 million at the time). This helped lift the price from around $10 to around $17 as you can see from the chart below:
It’s important to understand that the cryptocurrency markets are very different from traditional stock exchanges. While many people are familiar with the way the stock market works and feels, it’s easy to see why so many people have a hard time understanding how digital currencies work.
The most obvious difference between cryptocurrency and stocks is that there is no central governing body. No one person, or group of people, can affect the price of any given currency. The currency relies on a decentralized system of computers to enforce a set of rules that govern how transactions occur and how new coins are created (known as mining).
While traditional stocks are traded on exchanges such as the NASDAQ, cryptocurrencies are generally traded on platforms called “exchanges”. These exchanges allow users to buy and sell currencies at current prices based on a number of different criteria. Some exchanges focus exclusively on one currency pair, while others will offer dozens of different pairs.