Why all crypto going down together

A goodwill video message from the Pope was broadcast during the opening night of a cross-community festival in Belfast on Sunday. The three-minute video from Pope Francis included an appeal for people to continue to "pull down walls and build bridges". Now in its 10th year, the week-long festival seeks to bring people together from all parts of Belfast. In his message, the Pope thanked Catholic priest Fr Martin Magill and Presbyterian minister the Rev Steve Stockman, who set up the annual festival, for their "gesture of walking together, a gesture of opening horizons".

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Content:

• Top cryptocurrency prices today: Bitcoin, Ethereum slip; Cardano zooms 7%
• The volatility of the crypto market and its effect on Indian crypto traders
• From a meme to $47 million: ConstitutionDAO, crypto, and the future of crowdfunding
• Crypto crash: $570 billion wiped off market cap after major sell-off over regulation fears
• Crypto market continues to fall – Polkadot is going down significantly
• 8 Top Cryptocurrency Stocks for the Next Bitcoin Boom
• Pope Francis tells Belfast festival to keep 'building bridges'
• Ethereum Price: Can It Reach a New All-Time High?

WATCH RELATED VIDEO: The CRYPTO CRASH will make MILLIONAIRES... - Get Rich With Crypto

Top cryptocurrency prices today: Bitcoin, Ethereum slip; Cardano zooms 7%

Here's What Investors Should Know. Ethereum Just Hit a 6-Month Low. Upgrade Bitcoin Rewards Card: 1. John Puterbaugh is a journalist with more than 10 years of experience leading editorial teams in personal…. Alex Gailey is a journalist who specializes in personal finance, banking, credit cards, and fintech. Prior to…. Ryan Haar is a former personal finance reporter for NextAdvisor. She previously wrote for Bloomberg News, The…. While both had shown signs of recovery this week, they were stalled late Wednesday after an announcement by Federal Reserve Chairman Jerome Powell that the Fed would likely begin raising rates in March to combat continued rising inflation.

Some experts say the catalyst is the U. Federal Reserve and its plans to pull back stimulus from the economy and raise interest rates. And the Federal Reserve took its first step toward possibly issuing a U. Bitcoin is the largest cryptocurrency by market cap, and a good indicator of the crypto market in general, since other coins like Ethereum and smaller altcoins tend to follow its trends. Even though Bitcoin recently set another new all-time high, it was a pretty normal uptick for the crypto, which is notorious for its volatility.

Cryptocurrency is still very new, and everything from innovation to regulation can have outsize impact for investors. Cryptocurrency is a highly volatile , speculative investment. Cryptocurrency volatility is nothing new, and you should be comfortable with this if you decide to invest. Anything from a celebrity tweet to new federal regulation can send prices spiraling. This unpredictability is part of the reason why investing experts warn against investing huge amounts of your portfolio into a risky asset like crypto.

For new investors, day-to-day swings can seem frightening. I would like to subscribe to the NextAdvisor newsletter. See privacy policy. Before you go, sign up for our newsletter to get NextAdvisor in your inbox. Mortgage Lender Reviews. Next Advisor Logo. Share Share on Social Media. John Puterbaugh , John Puterbaugh Editorial Director John Puterbaugh is a journalist with more than 10 years of experience leading editorial teams in personal… Full Bio: externa link icon.

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The volatility of the crypto market and its effect on Indian crypto traders

This entire irregularity boils down to one single point, that is, investors going by the social media word instead of the proper project analysis. Times Internet Limited. All rights reserved. For reprint rights. Times Syndication Service.

From a meme to $47 million: ConstitutionDAO, crypto, and the future of crowdfunding

Ethereum, along with all other cryptos, experienced a huge sell-off in the last week. Subscribe to our premium newsletter - Crypto Investor. But why such a harsh drop? What happened to make the cryptocurrency plummet from the top, and can it climb back to a new all-time high? Ethereum, as with most cryptocurrencies, is highly correlated to Bitcoin's movements. While Bitcoin and Ethereum are vastly different in their design and use cases, the majority of people still lump all cryptocurrencies together as the same thing. With Bitcoin being the most popular, a drop in Bitcoin can lead to drops in the rest. This will likely change as people slowly gain more exposure to cryptocurrencies and how they work, but right now they are all correlated in their price movements.

Crypto crash: $570 billion wiped off market cap after major sell-off over regulation fears

You may be wondering though: If you missed out on the Bitcoin explosion, are you too late to the game? Cryptocurrencies are digital currencies that can be used for some online money transfers and purchases and a few rare offline purchases. Bitcoin is the most noteworthy cryptocurrency, but it is not alone in this new frontier. Cryptocurrencies vary in price compared to the U.

Crypto market continues to fall – Polkadot is going down significantly

Milo , a Miami-based digital lender, announced last week that it is rolling out a crypto mortgage product to clients with digital currency. Josip Rupena, the CEO of Milo, hopes that his mortgage product will allow borrowers who may not be able to qualify for a conventional mortgage to have a shot at a year mortgage, backed by a bitcoin pledge. HousingWire sat down with Rupena this week to learn about how a crypto mortgage transaction works, why a borrower would opt for a crypto mortgage, volatility, and what the future of crypto holds for the mortgage industry. Maria Volkova: Is the crypto a deposit of sorts? Can you explain to me a little bit how this transaction works?

8 Top Cryptocurrency Stocks for the Next Bitcoin Boom

After a short-term high on the weekend, the crypto market suffered a slump on Monday Trending Topics reported and the tendency continues on Tuesday August 3rd. All of the top 20 currencies have depreciated in the past 24 hours. Polkadot was hit particularly badly. On the market as a whole, capitalization slipped again on Tuesday. Bitcoin outflows from centralized exchanges have soared to their highest level since the beginning of the year, according to a new Glassnode report this week.

Pope Francis tells Belfast festival to keep 'building bridges'

That includes processing payments, allowing customers to hold bitcoin in their accounts and converting bitcoin into yuan or any other currency. Such roller-coaster swings in bitcoin and other cryptocurrencies, which have also been buffeted of late, is raising questions about their risks as investments and viability as financial assets. Here's what you should know.

Ethereum Price: Can It Reach a New All-Time High?

By Matthew Sparkes. Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography. A public ledger records all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on a central source of trust like a bank.

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A man walks past an advertising poster for Bitcoins and cryptocurrencies in Hong Kong, China, 25 September Silvergate bought development, deployment and operations infrastructure, as well as tools for running a blockchain-based payment network for payments as well as cross-border wire transfers. In a statement after a video conference of G7 finance ministers ….