Bitcoin is in for more jump scares after having fallen by more than 50 percent this week.With the expanse of Novel Coronavirus rippling through financial markets, bitcoin plunged from $10,000 in February to $3,858 as of Friday. On the same day, the cryptocurrency recovered to hit an intraday top at $5,995, almost failing to break…
After Thursday’s brutal crash and the follow-up wick on Friday morning, Bitcoin investor sentiment is down in the dumps; many believe there are few reasons to be bullish on the short-term to long-term prospects of the leading cryptocurrency.While this was seemingly true when BTC traded as low as $3,800, analysts are saying that the bull…
Bitcoin really hasn’t done too well over the past few days; since the $9,200 peak seen on Saturday, the price of the cryptocurrency crashed as low as $3,800, marking a more-than-50% crash from the weekly high.Fortunately, bulls were given some breathing room on Friday, when the cryptocurrency rallied back above $5,000 to as high as…
The crypto market has seen some grave price action over the past several days and weeks, with yesterday’s capitulatory meltdown marking one of the worst that the markets have ever seen in their short history.Yesterday’s selloff – which came about in tandem with the traditional markets seeing one of their worst days in over a…
If you’ve been on Crypto Twitter, you know of AngeloBTC, what some would call a “legendary” Bitcoin investor. Indeed, prior to his effective retirement, he had over 3,000 BTC worth of registered notional profit on BitMEX, making him one of the most profitable traders on the platform. Ever.While he has since bowed out of the…
Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from…
The price of bitcoin has fallen to its lowest level in nearly a year, losing more than half of its value amid a major cryptocurrency sell-off sparked by the spread of coronavirus. Bitcoin was trading above $9,000 (£7,100) over the weekend but dropped to nearly $4,000 on Friday morning following a series of flash crashes that began on…
There exists a Wall Street Cheat Sheet that depicts the natural psychology that investors go through during a market cycle, and frighteningly, Bitcoin and the rest of the crypto market appear to be following this course nearly exactly after the latest collapse.Is the crypto market entering the anxiety phase, with real panic, capitulation, anger, and…
Yesterday, the cryptocurrency market was a complete bloodbath, bringing Bitcoin to under $4,000 briefly before a rebound occurred.Despite the carnage, according to the asset’s most serious valuation models, the price action wasn’t anything radical and the first-ever cryptocurrency is still tracking along healthy as can be.Bitcoin Bloodbath Wasn’t Enough to Break Serious Valuation ModelsThe leading…
Highlights:Bitcoin plunges to $3.8K for the first time since April 2019.The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange.The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets.Bitcoin fell to its 10-month low this Friday the 13th…