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Digital Coins Resume Selloff as Recovery Fizzles By Todd White
Selling is more concentrated in West: eToro’s Greenspan
Bitcoin loses 13% as pessimism returns before Christmas
The biggest cryptocurrencies resumed their decline on Sunday, failing to reverse a selloff that began when bitcoin’s unprecedented rally fell short of breaking above $20,000.
A rebound on Saturday fizzled in the afternoon and traders turned pessimistic again, driving bitcoin down 13 percent in the past 24 hours. The drop among the 10 largest digital coins, ranging as much as 17 percent for iota, brings more end-of-year weakness to a market that just had its worst four-day tumble since 2015.
“The West is what’s causing this selloff,” said Mati Greenspan, senior market analyst at Tel Aviv-based online broker eToro, pointing to increased trading in dollars and less in yen. The recent cryptocurrency rally was so steep that investors were prone to take money off the table going into the Christmas holiday season, he said.
The retrenchment isn’t typical for cryptos, which often snap back after a few losing sessions. The last time bitcoin dropped for five successive weekdays was September and, before that, July. While the market has been volatile for most of this year, the rapid run-up has made the recent selloff sting more for digital coin enthusiasts.
Traders have knocked about $160 billion in market value off the biggest cryptocurrencies in about three days, according to CoinMarketCap data. The tumble coincided with several warnings in the past week from financial authorities about elevated risk in holding digital coins. “The crypto market went to astronomical highs, so it’s got to come back to reality,” Greenspan said. “Something that goes up 150 percent in less than a month is probably going to have double-digit retracement.” For a look at plans for ether, the ‘other’ cryptocurrency, listen here. Bitcoin was at $13,367 as of 5 p.m. New York time. That’s almost one-third off its record high of $19,511, based on prices compiled by Bloomberg. Ethereum, the No. 2 cryptocurrency by market value, dropped about 12 percent in the past 24 hours, to $663.77, CoinMarketCap data show. While “nascent blockchain-based cryptocurrencies are rapidly entering mainstream finance,” some of the second-generation digital coins have a better outlook than bitcoin, Bloomberg Intelligence analyst Mike McGlone wrote in comments published Sunday. The whole group is akin to internet-based companies a few decades ago and exchange-traded funds more recently, he said. “Bitcoin is the crypto benchmark, but not the best representation of the technology,” McGlone wrote. Altcoins “should continue to gain on bitcoin, which has flaws and where futures can be shorted,” he said. Bitcoin’s record high was reached on Dec. 18 hours after CME Group Inc. debuted futures contracts, which some traders said would encourage short position-taking. Track bitcoin pricing: XBT Cryptocurrency monitor: VCCY https://www.bloomberg.com/news/articles/2017-12-24/digital-coins-resume-selloff-after-one-day-recovery-fizzles
Mona Farouk reveals scenes of "scandalous video"Egyptian actress Mona Farouk appeared on Monday in a video clip to discuss the details of the case she is currently facing. She recorded the first video and audio statements about the scandalous video that she brings together with Khaled Youssef.Farouk detonated several surprises, on the sidelines of her summons to the Egyptian prosecution, that Khalid Youssef was a friend of her father years ago, when she was a young age, and then collected a love relationship with him when she grew up, and married him in secret with the knowledge of her parents and her father and brother because his social status was not allowed to declare marriage .Muna Farouk revealed that the video was filmed in a drunken state. She and her colleague Shima al-Hajj said that on the same day the video was filmed, she was at odds with Shima, and Khaled Yusuf repaired them and then drank alcohol.She confirmed that Youssef was the one who filmed the clips whil...
• الجنس شعور فوضوي يتحكم في الذات والعقل . وله قوة ذاتية لا تتصالح إلا مع نفسها . هكذا قال أنصار المحلل الحلقة 20 هنادي المطلقة والمحلل (ماذا قال كتاب العرب في هنادي) أول طريق عبره الإنسان هو طريق الذكر . بعدها شهق وصرخ . تمرغ في الزيت المقدس . وجرب نشوة الأرغوس . عاجلا أم آجلا سيبحث عن هذا الطريق ( كالأسماك تعود إلى أرض ميلادها لتبيض وتموت ) . وسيعبره . سيعبره بحثا عن الديمومة . وسيشهق وسيضحك . لقد جاء إليه غريبا . سيظل بين جدرانه الدافئة غريبا . وحالما يدفع تلك الكائنات الحية الصغيرة المضطربة في الهاوية الملعونة سيخرج فقيرا مدحورا يشعر بخيانة ما ( ..... ) . لن ينسى الإنسان أبدا طريق الذكر الذي عبره في البدء . سيتذكره ليس بالذاكرة وإنما بالذكر . سيعود إليه بعد البلوغ أكثر شوقا وتولعا . ولن يدخل فيه بجميع بدنه كما فعل في تلك السنوات التي مضت وإنما سيدخل برأسه . بعد ذلك سيندفع غير مبال بالخطر والفضيحة والقانون والدين . الله هناك خلف الأشياء الصغيرة . خلف كل شهقة . كل صرخة مندفعا في الظلام كالثور في قاعة المسلخ . الله لا يوجد في الأشياء الكبيرة . في الشرانق . في المح . ينشق فمه . تن...
Trusting Liar (#5) Leave a reply Gertruida is the first to recover. “Klasie… ?” “Ag drop the pretence, Gertruida. You all call me ‘Liar’ behind my back, so why stop now? Might as well be on the same page, yes?” Liar’s face is flushed with anger; the muscles in his thin neck prominently bulging. “That diamond belongs to me. Hand it over.” “What are you doing? Put away the gun…” “No! This…,” Liar sweeps his one hand towards the horizon, “…is my place. Mine! I earned it! And you…you have no right to be here!” “Listen, Liar, we’re not the enemy. Whoever is looking for you with the aeroplane and the chopper….well, it isn’t us. In fact, we were worried about you and that’s why we followed you. We’re here to help, man!” Vetfaan’s voice is pleading as he takes a step closer to the distraught man. “Now, put down the gun and let’s chat about all this.” Liar hesitates, taken aback after clearly being convinced that the group had hostile intentions. “I…I’m ...
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