Bitcoin Free Fall Continues As Dominant Cryptocurrency Drops Below $7000

Bitcoin Selloff Accelerates as Credit-Card Issuers Extend Ban

Other cryptocurrencies have also dropped sharply in value this week.

"Cryptocurrencies have seriously fallen out of favor since the middle of December and constant negative news flow and speculation of increased regulation has exacerbated the move lower, much in the same way that the constant flow of positive news stories aided the explosion higher", said Craig Erlam, an analyst at currency broker Oanda. This comes after the country banned virtual money exchanges previous year.

Despite the regulation attempts, bitcoin is still several hundred percent higher since January a year ago with rivals ethereum and ripple up several thousand percent.

Jones excited by 'great discovery' Simmonds
England pulled away in the last quarter to secure a convincing 46-15 win over Italy in their opening Six Nations match of 2018. Never mind that Te'o has not played for his club Worcester since mid-October and has made only one previous start for England .

Ripple XRP now has a market cap of $27.68 billion.

And indeed it's down to less than a third of the value it peaked at around the middle of December, when the currency was selling for about $19,500 (around £13,900, AU$24,800).

According to Coindesk, Bitcoin is now at $6,784, which represents a 17 percent drop for the day.

Day after equity tax, 4.5 lakh crore investor wealth wiped out
The Sensex has touched a low of 35,295.70 points - shedding over 600 points - during the intra-day trade. Investors will also have to pay 10 per cent tax on distributed income from equity-oriented mutual funds.

Ethereum dropped 1 pct year-to-date, while Ripple fell 65 pct in the same period to 72 cents.

Ripple XRP plunged from its all-time high of $3.84 to as low as $0.68 on Monday, according to data from Coindesk.

"To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs", an article in Financial News, a publication affiliated to the People's Bank of China (PBOC) said, according to a report in the South China Morning Post.

Almost 900 terrorists 'neutralized' so far in Afrin op
Ercan Topaca said three people had sustained light injuries from flying debris at the scene of Thursday's explosion. A ninth suspect was killed during the operation to round up the group, they said.

Fears of tightening regulations are also turning sentiment negative: China, India and South Korea have continued to discuss stricter regulations and Facebook last week chose to ban adverts promoting cryptocurrencies. Bitcoin, the largest and most well-known cryptocurrency, was still down 14%, but had climbed 6% off its intraday low of less than $6,600. On February 1, India's finance minister Arun Jaitley said the currency is not a legal tender and the government is planning a crackdown.

Related news:

Hot News

isis-killer-beheading-video-story-top Mobile Phones Do Not Cause Tumours Decide Scientists
Feb 06, 2018 - 15:27
The new reports are still considered drafts, and the NTP plans to have outside experts review them next month. In male rats, the studies linked tumours in the heart to high exposure to radiation from the phones.

isis-killer-beheading-video-story-top TDP, YSRCP demand special package for Andhra Pradesh in Lok Sabha
Feb 06, 2018 - 15:24
Soon after, Shiv Sena mouthpiece Saamana wrote about other NDA constituents including the TDP feeling unhappy with the BJP. Parliamentary Affairs Minister Ananth Kumar assured the TDP members that the Centre was sensitive towards their demands.

isis-killer-beheading-video-story-top Shujaa's run at Hamilton sevens comes to an end
Feb 06, 2018 - 15:21
Kenya Sevens managed to collect 12 points and a sixth-place finish in the just-concluded Hamilton Sevens in New Zealand. Australia, winners of the Sydney 7s and Bronze final in Hamilton , are drawn in Pool C with Samoa , USA and Spain.

isis-killer-beheading-video-story-top Influenza affecting more people than normal: Northern Health
Feb 06, 2018 - 15:14
If you are sick, seek care from your healthcare provider early. "Our numbers are similar to past year ". A doctor and nurse confer inside a room used for flu patients at Northside Hospital in Cumming, Ga.

isis-killer-beheading-video-story-top Northeast at heart of Act East Policy, says Modi
Feb 05, 2018 - 06:47
Asking investors to avail the improved investment environment in India, Mr Modi said that Guwahati is being developed into a Smart City.

isis-killer-beheading-video-story-top Luthuli House braces for march as ANC decides on Zuma's fate
Feb 05, 2018 - 06:46
Mantashe asked for prayers for the ANC, saying that some people wanted to see violence erupt over the meeting. It would need to call a meeting of the party's National Executive Committee to force Zuma to quit.

isis-killer-beheading-video-story-top Australia, Germany degree at 1-1
Feb 05, 2018 - 06:46
Kyrgios appeared to be struggling with a right elbow ailment, taking a time-out for treatment while leading 4-3 in the second set. The mercurial Australian opened brilliantly, holding his serve to love much to the delight of the boisterous home crowd.

isis-killer-beheading-video-story-top Venezuela Slams 'Coup' Remarks Made by Secretary of State Tillerson
Feb 05, 2018 - 06:42
Secretary of State Rex Tillerson attends the US Qatar Strategic Dialogue ‎at the State Department, Tuesday, Jan. 30, 2018, in Washington.

isis-killer-beheading-video-story-top AHA: Breast cancer treatments could raise risk of CVD
Feb 05, 2018 - 06:35
The organization highlights that therapies such as chemotherapy and radiation can be life-saving. Herceptin studies have found a heart failure incidence of up to 4 percent, for instance.

isis-killer-beheading-video-story-top Nintendo Switch has Already Outsold Wii U
Feb 05, 2018 - 06:32
This forecast with Nintendo's previous forecast and Nintendo expects the console to sell around 37 Million Units by April 2019. Nintendo also said these games will have added online functionality, but what that means exactly remains unclear.

isis-killer-beheading-video-story-top United States should not run on anti-peace pathway, says China
Feb 05, 2018 - 06:30
Modifying some submarine-launched nuclear warheads to give a lower-yield detonation. Return of sea-based nuclear cruise missiles. Kimball wrote on the group's website.

isis-killer-beheading-video-story-top Trump's lawyers argue Mueller has not met threshold for presidential interview
Feb 04, 2018 - 02:37
Trump demanded that he not recuse himself, but after he did, he attacked Sessions, obvious pressure for him to resign. But perhaps the most damaging aspect of this report is how casually and openly Trump is plotting his obstruction.

isis-killer-beheading-video-story-top After surgery, Eagles fan frets: Did I miss the Super Bowl?
Feb 04, 2018 - 02:35
She then spent three minutes straight breaking down Sunday's game and talking about real sports fans. The video starts off with Parks' mom ensuring her that her chin is still there.

isis-killer-beheading-video-story-top Stormy Daniels plays it cool on "Jimmy Kimmel Live!"
Feb 04, 2018 - 02:29
Stormy Daniels made the news again last night, courtesy of a lame publicity stunt by late-night "comedian" Jimmy Kimmel . She didn't answer when asked whether she had signed a non-disclosure agreement.

isis-killer-beheading-video-story-top Immigrants targeted in drive-by shooting in Italian town Macerata
Feb 04, 2018 - 02:27
A handgun was in the suspect's auto , and the green-white-and-red flag of Italy was tied around his shoulders, the official said. The newspaper Corriere Adriatico said shooting occurred in the town of Macerata, which is located about 200km east of Rome.