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Crypto Markets Flatline. BTC Celebrates 10th Birthday.

Dave Jackson Dave Jackson, Stockhouse
0 Comments| October 31, 2018

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Cryptocurrency markets seem to have found another plateau for the now. Yesterday’s big dump stopped just north of US$200 billion total capitalization and markets have remained at that level today, more or less.
At press time, Bitcoin (BTC) had found support just above US$6,400 and has stayed in and around there for the past 24 hours, remaining flat on the day. The bears are still dominating things so a further decline to US$6,200 could be imminent. Ethereum (ETH) has extended its losses and remains under US$200.


Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was on the brink of the next great depression, the idea for an alternative currency was being quietly built online.
On October 31st, 2008, Bitcoin was born and in the past 10 years it has evolved from an anti-establishment hobby among code writers to a household name on Wall Street.

The first and most famous digital currency sparked a global mania among retail investors last year, and, despite being founded to bypass them, it has caught the attention of some of the world's most powerful financial institutions.
Business Insider takes you on the wild and woolly 10-year ride.


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