Bitcoin prices fell another 4.4% on Wednesday morning after a damning report indicated that prices were artificially inflated in 2017.
A University of Texas professor known for flagging suspicious trading activity argues that Tether was used to fuel Bitcoin's record-high price last year. Tether is a "stable currency" that is supposed to be 100% backed by fiat that's held in reserves.
Bitcoin is currently trading at a four-month low.
Here is a recap of the top five cryptocurrencies by market cap as of 11:30 a.m. EST:
Cryptocurrency | Market Cap | Price | Change (24h) |
Bitcoin (BTC) | $110,866,642,803 | $6,486.82 | -4.40% |
Ethereum (ETH) | $47,581,109,252 | $475.58 | -9.68% |
Ripple (XRP) | $20,896,497,620 | $0.53 | -8.31% |
Bitcoin Cash (BCH) | $14,514,262,728 | $844.77 | -8.85% |
EOS (EOS) | $8,813,836,370 | $9.84 | -9.39% |
Now, here's a closer look at today's Money Morning cryptocurrency insight, the most important cryptocurrency updates you need to know...
Bitcoin prices have been very volatile in 2018, but a cryptocurrency guru has a bold Bitcoin price prediction.
Most People Don't Know This About Bitcoin: A systems upgrade expected any day now could send Bitcoin to $100,000. Go here to see why Bitcoin's not dead... and how it could make you millions.
From today's prices of $6,486.82, he expects BTC prices could climb to $100,000.
Here's everything you need to know about this bold price prediction.
The Crypto Party Is Far from Over: Bitcoin is expected to undergo a massive upgrade - and it could kick off a price surge all the way to $100,000. Cryptocurrency expert Michael Robinson has put together a special report on a unique strategy that could help you pocket one windfall after another not just on Bitcoin, but on all the cryptos he's following now. To get step-by-step instructions on how you could become the next crypto millionaire, click here now...
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