Bitcoin Crashes By ~24% Post Outage In The Cryptocurrency Market

June 28, 2019 11:00 PM AEST | By Team Kalkine Media
 Bitcoin Crashes By ~24% Post Outage In The Cryptocurrency Market

On June 26, 2019, Bitcoin reached its 52 weeks high level at US$13,764.00. On June 28, 2019, Bitcoin is trading at ~US$11,095.00, which is a correction of ~24% from its recent peak level.

As per few media reports, the major reason behind the fall in the cryptocurrency market was due to a brief outage on June 26, 2019, experienced by crypto exchange Coinbase, with both its website and application programming interface (API) rendered temporarily inaccessible.

Bitcoin Price (BTC/USD) Chart (Source: Thomson Reuters)

Bitcoin Historical Price Movement

On December 17, 2017, Bitcoin price has touched its life-time high at US$19,891, and just within two months, it crashed by around 70%. On February 6, 2018, Bitcoin touched a price of US$6,000 and since then, remained in the downward trajectory and achieved its 52 weeks low levels at US$3,216 (on December 15, 2019). From December 15, 2018, to June 26, 2019, Bitcoin posted a return of ~518.50%, following its historical upside movement trajectory, where Bitcoin price rose from ~US$1,000 on March 27, 2017, to US$19,891 on December 17, 2017, posting a mind-boggling return of ~1,989%.

Bitcoin cash, on the other hand, achieved its 52 weeks high on US$519.72 on June 26, 2019, and today, is trading at ~US$410, which is a correction of ~21.11%.

Other Crypto Currencies

Other famous cryptocurrencies, which are trading on good volume are Litecoin, Ethereum, Zcash, Dash and Ripple.

Litecoin has reached its recent high at US$146.60 on June 22, 2019, and since then, has been corrected by ~21.79%. Today, on June 28, 2019, it is trading at ~US$114.66.

Ethereum has reached its 52 weeks high level at US$362.90 on June 26, 2019, and presently, (on June 28, 2019) is trading at ~US$296.91, which is a correction of ~18.18%.

Zcash has touched its recent high at US$123.81 on June 26, 2019, and presently, (on June 28, 2019) is trading at ~US$112.22, which is a correction of ~9.36%.

Dash has touched its recent high at US$186.83 on June 26, 2019, and presently (on June 28, 2019) it is trading at ~US$155.50, which is a correction of ~16.77%.

Ripple made its 52 weeks high level at US$0.51000 on June 22, 2019, and presently (on June 28, 2019) is trading at ~US$0.40344, which is a correction of ~20.90%.

Important companies which are associated directly/indirectly with cryptocurrencies are Animoca Brands Corporation Limited, Isignthis Ltd, Yojee Limited, DigitalX Limited and Novatti Group Limited. Let’s see how recent developments are impacting their stock performance.

Animoca Brands Corporation Limited (ASX:AB1)

Animoca Brands Corporation Limited (ASX:AB1) has an engagement in the development, marketing and publishing of a broad portfolio of mobile games and apps for smartphones and tablets for a global audience. Its mobile games and apps are available to customers via different app stores, including Apple’s App Store and Google’s Google Play. It monetises its games and apps through in-app purchases and advertising offered to the customers within the games and apps.

On the stock information front, at market close on June 28, 2019, the stock of Animoca Brands was trading at $0.175, with a market capitalisation of ~$143.68 Mn. Today, it reached day’s high at $0.180 and day’s low at $0.170, with a daily volume of 1,923,084. Its 52 weeks high price stands at $0.185 and 52 weeks low price at $0.048, with an average volume of 4,394,235 (yearly). Its absolute returns for the past one year and six months are 236.54% and 75%, respectively.

iSignthis Ltd (ASX:ISX)

iSignthis Ltd (ASX:ISX) is a leading identity technology, eMoney and payments company, listed on the Frankfurt Stock Exchange and ASX .

On the stock information front, at market close on June 28, 2019, the stock of iSignthis was trading at $0.650, with a market capitalisation of ~$693.75 Mn. Today, it reached day’s high at $0.670 and day’s low at $0.630, with a daily volume of 3,513,167. Its 52 weeks high price stands at $0.690 and 52 weeks low price at $0.105, with an average volume of 2,826,800 (yearly). Its absolute returns for the past one year, six months and three months are 255.56%, 312.90%, and 116.95%, respectively.

Yojee Limited (ASX:YOJ)

Yojee Limited (ASX:YOJ) has developed a sector agnostic products, utilising AI and blockchain technology, with customer wins in Singapore, Malaysia, Cambodia, Peru and Australia.

On the stock information front, at market close on June 28, 2019, the stock of Yojee Limited was trading at $0.085, with a market capitalisation of ~$71.18 Mn. Today, it reached day’s high at $0.085 and day’s low at $0.082, with a daily volume of 643,709. Its 52 weeks high price stands at $0.150 and 52 weeks low price at $0.055, with an average volume of 1,662,218 (yearly). Its absolute returns for the past one year, six months and three months are -35.38%, 25.37%, and 15.07%, respectively.

DigitalX Limited (ASX:DCC)

DigitalX Limited (ASX:DCC) has an engagement in the delivery of advisory related services such as ICO/STO advisory, blockchain consulting, funds under management and media.

On the stock information front, at market close on June 28, 2019, the stock of DigitalX was trading at $0.055, with a market capitalisation of ~$33.72 Mn. Today, it reached day’s high at $0.057 and day’s low at $0.053, with a daily volume of 12,071,325. Its 52 weeks high price stands at $0.185 and 52 weeks low at $0.043, with an average volume of 9,652,266 (yearly). Its absolute returns for the past one year, six months and three months are -28.05%, 13.46%, and 25.53%, respectively.

Novatti Group Limited (ASX:NOV)

Novatti Group Limited (ASX:NOV) has its principal activities in sales and deployment of the Novatti Platform, transactions and billing services.

On the stock information front, at market close on June 28, 2019, the stock of Novatti Group was trading at $0.165, with a market capitalisation of ~$25.87 Mn. Today, it reached day’s high at $0.165 and day’s low at $0.150, with a daily volume of 196,485. Its 52 weeks high price stands at $0.310 and 52 weeks low price at $0.145, with an average volume of 135,189 (yearly). Its absolute returns for the past one year, six months, and three months are -26.19%, -13.89%, and -34.04%, respectively.


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