Why is ethereum going down

Bitcoin (BTC) continues to consolidate within familiar ranges close to $29,000 ahead of the release of key US jobs data on Friday. Why bitcoin is falling down today Bitcoin was created to overcome the existing monetary and financial system. In 2008, the pseudonymous Satoshi Nakamoto published the concept. Since then, Bitcoin has been marketed as a global decentralised digital currency. However, Bitcoin's conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive. Bitcoin has never been used to any significant extent for legal real-world transactions.

The majority of the cryptocurrency market tumbled on Monday. At the time this article was published, Bitcoin's price had fallen to around $30,500 USD. That's less than half of its all-time high of $68,990 from November 2021.  But crypto prices are still unpredictable In 2014, Adam Back, another cypherpunk and the inventor of Hashcash – a cryptographic hashing algorithm created in 1997 which used the same proof-of-work mechanism that Bitcoin would later adopt – co-founded Blockstream. Blockstream is a for-profit tech company that develops new infrastructure on the Bitcoin network, including Lightning Network and sidechains.

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No. It can go up and up and up, or the opposite. It can stay more-or-less stagnant, and it can chop and change. There’s never really a pattern – though, of course, any hint of a pattern is what brokers look for. Bitcoin prices are still unpredictable On 13 April, Coinbase received a class-action securities fraud lawsuit from its shareholders for including false and misleading statements and omissions in the registration statement and prospectus of its initial public offering.