Bitcoin is down more than 50% and broke many key supports such as $5,000 against the US Dollar. BTC price seems to be forming a short term bottom near $4,000 and it could recover.Bitcoin tumbled below many important supports and tested $4,000 against the US Dollar.The price is currently recovering from a major technical level…
Ethereum is down more than 50% in a day against the US Dollar. ETH price broke many crucial supports and it is now approaching the $78 and $68 support levels.Ethereum collapsed below $150 and $100 in a harsh market crash against the US Dollar.The price is forming a huge bearish candle on the daily and…
Bitcoin did the unthinkable early this morning and lost support at $7,500, causing the cryptocurrency to plunge to $5,800 in a 30-minute long hell candle.The sell0ff driven by growing coronavirus and recession fears, has led to the highest level of Bitcoin trading volume on Binance ever recorded. This could indicate that the latest move may…
When a crisis hits, investors move their capital into safe-haven assets like gold and silver. Bitcoin shares similar attributes as these precious metals, and a growing narrative suggesting it too will become a safe haven asset like gold has followed the asset over the last two years.However, growing fears and concerns over the coronavirus reaching…
Bitcoin (BTC) saw an unprecedented selloff today that led it to plummet to fresh yearly lows of $5,200, which is where it was able to find some support that has since led its price to rebound back up to the $6,000 region.This intense selloff was extraordinary and has sparked extreme fear amongst cryptocurrency investors, although…
The price of bitcoin has plummeted dramatically, losing 20 per cent of its value in less than an hour. The cryptocurrency crash takes bitcoin below $6,000 – its lowest value since 2019. Several other major cryptocurrencies also experienced significant losses, with bitcoin cash losing around a third of its value. Download the new Independent Premium app…
Over the past few hours, Bitcoin has performed extremely poorly. As covered by NewsBTC previously, the cryptocurrency has effectively fallen off a cliff, plunging below 2019’s lows of $6,400 to as low as $5,600. This has liquidated $500 million worth of BitMEX longs. This comes as the S&P 500 and Dow Jones are expected to open…
Bitcoin crashed within minutes to erase all the gains it made heading into the year 2020.The benchmark cryptocurrency plunged to $5,578 on Coinbase for the first time since May 2019. The move downhill led its market cap down by about 30 percent to $117 billion, logging one of the biggest declines ever recorded since its…
Bitcoin is declining and trading below the key $7,800 support against the US Dollar. BTC price could soon test the main $7,400-$7,500 support area where the bulls might take a stand.Bitcoin is extending losses and it may even slide below the $7,600 area against the US Dollar.The bulls are likely to take a strong stand…