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Crypto Markets Continue Downward Trend

Dave Jackson Dave Jackson, Stockhouse
0 Comments| August 30, 2018

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Bitcoin
(BTC) is recovering after reaching close to its lowest price of 2018, which resulted in a cryptocurrency market crash that saw Ethereum (XRP), Ripple (XRP), and other digital currencies to tumble in value.

The collapse followed BTC's worst ever start to a year, having traded close to US$20,000 as recently as December.

At press time, Bitcoin’s price was down 2.3% trading at US$6,812, according to Einstein Exchange.

CLICK BELOW FOR LIVE CRYPTOCURRENCY PRICE INDEXES:



Despite the volatility of the world’s number one digital toke, a recent study says BTC is on its way to becoming a mainstream currency, at least with a younger audience.

Using university students as a bell weather for future growth of emerging technologies, crypto exchange Coinbase teamed up with ad-tech firm Qriously to measure interest in cryptocurrency and blockchain.

The study found that nearly one in five students owned Bitcoin or another cryptocurrency, while two fifths of top universities offered at least one course on the subject.

Part of the study involved a survey of 675 students in the US, which found that 9% have taken a cryptocurrency course, while 18% own Bitcoin or another cryptocurrency. A further 26% said they wanted to take a cryptocurrency course.




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