Cryptocurrencies have lost about $60-billion in less than a week following the continuing decline of Bitcoin, Ethereum, Litecoin, Ether, and Ripple. Bitcoin tumbled to $4,237 before regaining support in the late afternoon session. According to CoinMarketCap.com, digital-currency assets have lost approximately $700-billion of market value since the peak in December 2017.
Bitcoin’s hash rate, or the speed at which a given mining machine operates by finding and solving blocks through complex computations, has dropped and led some crypto miners to shut down their rigs. The 2018 bear market is forcing many miners to operate at a loss, and some are pulling the plug on their operations.
[We do not recommend what investors should do at this stage but we feel compelled to remind everyone that the market for all emerging, disruptive technologies, such as cryptocurrencies, are volatile. Major price dips are to be expected rather than viewed as the end of the market. The reason so few people never buy low and sell high is that, when prices fall, they run for the exit doors instead of seeing it as possibly the opportunity they are hoping for. Click here for additional commentary on this phenomenon.] – GEG commentary
Cryptocurrencies have lost about $60 billion in less than a week following the collapse of Bitcoin, Ethereum, Litecoin, Ether, and XRP, which hit their lowest levels since 2017. Bitcoin tumbled to $4,237, a 13-month low, before regaining some support in the late afternoon session. If $4,207 support is breached, Bitcoin could crash even more to the weekly 200sma at $3,130.
After months of low volatility and declining volume, everything has been flipped upside down, and cryptocurrency bulls are left scrambling after a 30% liquidity gap opened up in the last several weeks.
According to CoinMarketCap.com, digital assets have lost approximately $700 billion of market value since the crypto-mania peak in December 2017. Since the peak, Bitcoin has sustained 87% declines as hash rates have also taken a dip.
According to eToro senior analyst Mati Greenspan, Bitcoin hash rates have fallen to the lowest levels since August, and this has led some crypto miners to shut down their rigs.
Dr. Dale Bredesen developed the ReCODE protocol for an effective treatment that includes dietary change and fasting. Alzheimer’s affects over 15% of the US population and is now the third leading cause of death, costing over $220 billion annually.
Jones’ attorney says the child pornography was in emails sent to Jones that were never opened, and he denied Jones did anything wrong. Jones offered a $1 million reward for information about who sent the emails containing child porn to him.
Polly, a Youtube personality, Polly, suggested that technocratic tyranny can be thwarted by refusing smart phones. She says that smart phones are the key to the technological control grid when the entire population is dependent on smart phones and need it to exist within the system.
A court sentenced Philip Arps to two years in jail for sharing a video of the mass shooting in the mosque in Christchurch this past March. New Zealand classified the video as “objectionable,” making it a criminal offense to possess, share, or host it under the threat of imprisonment up to 14 years.
Illinois Governor JB Pritzker signed a law allowing abortions for any reason up to birth, and it forces every state insurance plan to cover them. In addition, the bill will remove the ban on partial birth abortions, and non-doctors may perform abortions..
Saint Peter and Paul Church in Portland, Oregon is hosting a social justice camp, Budding Roses, that targets local children age 10 to 13. The camp is sponsored by the Black Rose Anarchist Federation that is affiliated with the violent leftist Antifa group.
Most citizens are required to download apps on their phones that let the authorities monitor what they look at and track their movements, which can land someone in one of the gulags.
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