Ethereum Price Forecast: 3 Causes of This Week’s ETH Price Crash

Published here: https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-3-causes-weeks-price-crash/

Ethereum News Update
Ethereum prices are proving more resilient than BTC or BCH, but that doesn’t mean they are untouched by this week’s crypto market crash. Ethereum too was affected by the tidal wave of pessimism.

As a result, ETH is trading 4.66% lower against the U.S. dollar.

This puts the Ethereum to USD exchange rate near $1,108.36. However, the Ethereum to Bitcoin rate is up 1.94% to 0.10871 BTC, adding a silver lining to this otherwise depressing news.

At first, I looked to see if trading volumes were driving the ETH price crash. They are not. Investors swapped about $4.6 billion worth of ETH in the last 24 hours. It just so happens that no one wanted higher.

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Litecoin Price Forecast: Bad News Is Scaring Jumpy Investors, But Worry Not

Published here: https://www.profitconfidential.com/cryptocurrency/litecoin/ltc-price-forecast-bad-news/

Daily Litecoin News Update
A dark cloud is once again hanging over crypto-land. After two days of recovery following the massive crash, cryptocurrencies are back in the red zone. But this cloud has a silver lining that investors must not miss.

Here are three major negative headlines that have sparked pessimism in the crypto-world in the past couple days.

First, South Korea continued the tradition by leading the charge against cryptocurrencies. To begin with, South Korea’s largest bank will no longer be supporting bank accounts linked with cryptocurrency exchanges.

Secondly, the largest Korean exchange, Korbit, says it will no longer be entertaining.

The post Litecoin Price Forecast: Bad News Is Scaring Jumpy Investors, But Worry Not appeared first on Profit Confidential.

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