Bitcoin Price Rockets Past $500; Ethereum Slump Imminent?
Bitcoin price has surged past the $500 mark for the first time in 2016. The increased interest in bitcoin trading has exhibited a negative impact on ether prices. Whoa! Did you see that? Bitcoin price has suddenly surged to reach the $500 mark. Until Friday, the digital currency has been hovering around the $450 mark before it started to exhibit an upward trend gaining about $50 within a span of two days. The volatility associated with cryptocurrency prices is a well-known fact, which is mainly due to the demand and supply of the crypto assets for trading. The current surge in Bitcoin....
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The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt. Gox doesn’t own any ETH either. But what if Ethereum has its very own “Mt. Gox“? Is The Ethereum Price Suppressed By Golem? Chinese crypto journalist Colin Wu (@WuBlockchain)....
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