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Top 10 Crypto's Fall Except Ethereum, NEO Hits Record High - Jan 9th Crypto News

546 views · Published 9 January 2018 · 2:55 · Indexed 1 November 2026

Channel: NEWSBTC · 2018 · People & Blogs

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Most of the leading cryptocurrencies are in the red again today. So let’s take a closer look. Bitcoin fell to around $14,300 on Monday, and today we saw it move past $15,400 before falling a bit lower again. Today we saw it fall under $15,000, and it is currently on a path of decline. NEO, miners and ICON, which are not in the top 10 experienced some gains. NEO gained more than 14%. Today we saw it reach a record high of $121. 

Ethereum climbed past $1,200 again today and it was looking quite positive, but it then dropped just under this level again. So will it be able to regain its strength break past $1,300 today? Ethereum's co-creator Steven Nerayoff said on CNBC’s Fast Money this week that, "What you're seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year”. 

coinmarketcap.com removed data yesterday from some South Korean exchanges from its price quotes for cryptocurrencies including bitcoin, Ethereum and Ripple’s XRP.  “They said in a tweet, that they excluded some Korean exchanges in price calculations due to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity.  We are working on better tools to provide users with the averages that are most relevant to them.” Exchanges in South Korea are responsible for over a quarter of the global volume. South Korea is trying to take steps to help cool down its overheated markets. The government wants more transparency and legislation. This will give power to regulators to shut down cryptocurrency exchanges if needed. South Korea’s financial authorities will also be taking a very close look at six commercial banks in the country.

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