RATE Group | Crypto sell-off returns as Bitcoin dives under $8,500
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Crypto sell-off returns as Bitcoin dives under $8,500

23 Jan Crypto sell-off returns as Bitcoin dives under $8,500

Posted at 07:37h in Bitcoin News by

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  • NEM spiked 20% higher on Wednesday, riding on partnership news with Travala.
  • A Bitcoin ETC is possible in the next 12-18 months if Grayscale submits a proposal.

The cryptocurrency market is back in the red, erasing the shallow gains posted on Wednesday. All the major digital assets are struggling with losses between 1% and 6%. The most affected cryptoassets are IOTA, Ethereum Classic and Bitcoin gold, having shed off 5.5.65, $5.74 and 4.66% in that order.

NEM surges massively after partnership news

Interestingly, NEM (XEM) is in the green after the price corrected higher 8% in the last 24 hours. NEM soared 20% on Wednesday following news that the network had struck a partnership with a popular online-based travel company. The partnership the Travala will see XEM used in hotel bookings alongside 20 other cryptocurrencies.

Bitcoin ETF Seems imminent in the next 12 months

The hopes of having the first Bitcoin exchange-traded fund (ETF) hit rocks in 2019….

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