Markets

Nearly every major cryptocurrency not named bitcoin is falling

Nearly every major cryptocurrency not named bitcoin is falling

A new signpost was added to the insane financial ride known as bitcoin on Friday when Coinbase, arguably the best-known bitcoin broker on the market, sent a warning message to investors: "Please invest responsibly". Since then, the digital currency's price has more than doubled and Coinbase has experienced a surge in new customer signups.

Why all the concern?

Meanwhile, experts continue to discuss in the media whether the bitcoin craze is a bubble, or if its value will continue to rise. As of writing, a single Bitcoin is worth just over $15,000 but briefly touched $18,000 on some exchanges within the past 24 hours.

Josh Gordon dominating early, scores touchdown
They won it on Brett Hundley's 25-yard touchdown pass to Davante Adams with 5:05 left in overtime. This represents Gordon's first touchdown since December of 2013.

The price of a bitcoin is now resting around $15,000, down almost 11 percent over the past 24 hours, according to Coindesk.

All investing is risky, of course, and anyone investing in the stock market should know that prices fluctuate, and things can come crashing down at any moment.

The software application for Coinbase Inc., operator of one of the world's largest cryptocurrency exchanges, climbed to the top of Apple's download ranking for free apps in the USA on Thursday. "Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume", he said. Other Bitcoin-related apps, like those that track the price of Bitcoin and other cryptocurrencies, have also trended in the App Store for days. "This could result in the inability to buy or sell for periods of time".


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