• cross

    Bad Friday as bitcoin suffers on the ‘death cross’

    Can cryptocurrencies rise again?

    Bitcoin is about to reach another milestone, but not in a good way. As of Friday, the cryptocurrency was trading at 50 percent below where it started 2018. The decline over the past three months is in stark contrast to the three months leading up to start of the year when bitcoin tripled in price. It’s not just bitcoin that has been suffering. Ether, the token of the Ethereum platform, is also down close to 50 percent year-to-date. It’s even worse for Ripple’s XRP; that token is off by nearly 80 percent since the start of 2018. Those practitioners of technical analysis—that is, the use of charts to explain and…