Markets Today: What Does Mark Cuban Know About Cryptocurrency

Comments from American Billionaire Mark Cuban that Bitcoin is heading for a bubble has slowed down Bitcoin price growth. Analysts believe his comments sent panic among buyers.

Bitcoin price went down to almost $2600 from $2884 yesterday and resisted downward adjustment through yesterday night and early morning on Thursday. However, it managed to come up later in the morning but not to its previous value.

Community members in various platforms took a swipe at Mr Cuban referring to him as clueless about Cryptocurrencies. On Twitter, someone asked, “What does Mark Cuban know about Crypto?”

Market Updates

On the market front, Bitcoin is gradually putting itself together and is now being sold at $2787.92 but still down by 1.75 percent. It showed real resilience yesterday night and early morning today, going down constantly and rising up.

Ethereum is also down but posted an admirable $261.37 market price. Its loss was 0.23 percent.

It is a happy day for Ripple since it has the 2nd best growth for the day. Actually, the gain was 5.50 percent and market price stood at $0.295267.

On the 4th spot, New Economic Movement (NEM) took a fall of 2.23 percent to sell at $0.219760. This is two consecutive days of depreciation but today was worse.

Ethereum Classic made it up to its followers today by going up. It was listed for sale at $17.67 and leapt up 2.98 percentage point.

All is not well for Litecoin since it has declined again. Going below by 2.03 percent, it could be purchased for $29.19.

Dash was on the casualty list as well. The private-centric darling boy was selling at $144.76 but dwindled 2.34 percent.

Meanwhile, Stratis is not maintaining the tempo by dropping points three days straight. Today it is on the market for $9.25 with a minimised growth of a huge 11.82 to become the biggest loss of the day. Apparently, the problem with their wallet is affecting them.

Monero too could not continue on the winning spree and dropped a vital 3.07 percent. Anyway, its price was $54.90.

At the bottom of top 10, Bytecoin sits with the biggest gain of the day.  It made a 15.19 percent gains to sell at $0.003552.

Honourable Mention

Bitshare soars up as much as 34.03% today. This, in fact, makes it Coinpedia’s honourable mention for the day. It was selling for $0.155002. Interesting enough, it is ranked number 17 by CoinMarketCap.