Cryptocurrencies Saw Some Sunshine on January 18 (Market Realist)
Rebound for cryptocurrencies: Cryptocurrency investors are finally getting some relief as the prices of most cryptocurrencies have recovered from recent falls. Bitcoin prices rebounded about 12.7%, and it was trading at $11,364.5 as of 6:30 AM EST on January 18. Other top cryptocurrencies according to market capitalization also increased on the same day. Ethereum, ripple, bitcoin cash, cardano, litecoin, and NEO were up 14.9%, 43.9%, 11.5%, 27.5%, 15.4%, and 30.9%, respectively.
Ripple’s XRP is Leading the Cryptocurrency Comeback (Investing.com)
Cryptocurrencies of all sizes got smoked this week, when a “bloodbath” of sell-offs wiped out roughly 43% of the world’s total cryptocurrency market cap. But the highly-volatile space appears to be making a comeback on Thursday, with Ripple’s XRP cryptocurrency leading the charge. XRP, the third-largest cryptocurrency by market cap, has gained over 75% since Wednesday’s lows, trading at $1.589 per coin Thursday morning, according to Markets Insider data.
This Week’s Bitcoin Crash was all about Fraud and Regulation (The Verge)
Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been repeatedly accused of running a Ponzi scheme via its proprietary BCC currency.
Blockchain Cryptocurrency Wallet Launches Bitcoin Buy and Sell in the US (CNBC)
Blockchain, one of the biggest cryptocurrency wallets in the world, launched a service to buy and sell digital coins in the U.S. on Thursday, in a challenge to Coinbase. The U.K.-headquartered company already allows its British customers to buy and sell bitcoin via its service, and is now launching the function in one of the biggest cryptocurrency markets in the world. From Thursday, Blockchain’s U.S. users will be able to sell their bitcoin, with the buying function coming at a later date.
Litecoin Price Forecast: The “Chikun” Rises from the Dead as Koreans Come to the Rescue (Profit Confidential)
The Koreans are rejoicing and so is the rest of the crypto-world. The air of uncertainty around the ban is finally dissipating. Investors are feeling reinvigorated and cryptocurrencies are once again out of the red zone. This may have been one of the shortest crashes in the history of all crashes. Just a week ago, the sentiment was extremely dim. Cryptocurrency prices kept tumbling for three consecutive days as sellers continued to dominate the space.
