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Cryptocurrency Analytics from FXOpen. 13/01/2014

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andref

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Altcoins have hit new lows across the board today as bitcoin broke the important $266 barrier. Litecoin broke $1.90 and is currently trading at $1.50 per coin. Peercoin cleared the $0.50 mark and is now quoted at $0.33. Even Namecoin, which was trading relatively stronger compared to other cryptocurrencies last week, fell precipitously.

Bitcoin Breaks Important $266 Level

Bitcoin cleared past the important $266 barrier today. Earlier forays below only got as low as $260 and $258. Today’s move lower translated into renewed losses as BTC/USD fell close to $40 dollars to $221 per coin before stabilizing somewhat. Buying one bitcoin will currently cost you $228 dollars.

Read more https://blog.fxopen.com/altcoin-market-rout-continues/

Posted on January 13, 2015 at 6:20 AM
Last Edited: January 13, 2015 at 6:21 AM

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• Goefells

  

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  I have my trigger finger ready at around $208, so let's see how strong the bear really is. Saddened by my continual loss of value to my ltc stash, but im hopefull that once the dust settles ltc and btc might recover. I'm also quite impressed by DRK since even though the dollar pricing for DRK has fallen since it's pegged to btc dollar price, the actual btc /DRK ratio has been incredibly stable for this latest bearwhale attack on btc. Clearly DRK holders are holding fast.

  Posted on January 13, 2015 at 7:11 AM
  Last Edited: January 13, 2015 at 7:11 AM
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• andref

  

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  BTC/USD now is 185)))

  Posted on January 13, 2015 at 11:42 PM
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• Rassmus74

  

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  That's because people are selling in panic afraid of loosing even more.

  Posted on January 14, 2015 at 9:47 AM
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• andref

  

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  Sellers pressured to 125

  

  Posted on January 14, 2015 at 11:22 PM
  Last Edited: January 14, 2015 at 11:23 PM
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