Bitcoin Crashing Continues – Exchange shutting down

Bitcoin’s painful 2018 crash continues, with the original cryptocurrency touching the lowest in more than a month on Monday.

Falling as much as 5.2 percent since the weekend, the largest digital asset in the space dragged the Bloomberg Galaxy Crypto Index to its worst decline in more than two weeks. Ether and Bitcoin Cash both fell more than 10 percent.

bitcoin crash continues

And now, Cryto exchanges are beginning to shut down. Liqui, a small but a long-running crypto trading company, announced yesterday that it would close down its operations . In a straightforward goodbye note. The Ukrainian exchange said that it was unable to provide liquidity to its customers.

It’s been a disappointing start of the year for crypto investors, who hoped that the pain of the downturn was behind them. More than $400 billion in market value was wiped out in the past 12 months as widespread adoption failed to materialize, according to data from CoinMarketCap.com.

Miners admitted that minting cheap cryptocurrencies had turned uneconomical for them… and this is just the beginning of the death of crypto exchanges.

16 thoughts on “Bitcoin Crashing Continues – Exchange shutting down”

  1. That’s the reason why it’s not generally accepted around the world, take it or leave it naira better pass Bitcoin, naira is acceptable any where is the world directly or indirectly, i use my Card (VISA) to make purchases any where around the work Visa is accepted

  2. This is bad news that we have to deal with.
    A time when investors, have to be very careful before making their decision. I am beginning to fret at the overtly and continuous volatility that exist in the Crypto world.

Leave a Comment