Yesterday’s Bitcoin carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it. But new data shows that it may have been altcoins collapsing that dragged…
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate. While even altcoins…
Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks. The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME bitcoin futures contract, which…
Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset. You see, during a period of global turmoil, the cryptocurrency has managed to outpace effectively every other asset class in the books. Related Reading: Bitcoin Bull Run “Guaranteed”: Federal Reserve Expected to Cut Rates…
Following days of consolidation Bitcoin has reached the end of its pennant formation. The big move that many analysts had expected came a few hours ago, and it was followed by a second slide resulting in a drop towards critical support levels. Bitcoin Dumps $1,000 Again For most of this week, analysts have been largely…
Yikes. Bitcoin (BTC) hasn’t been doing too well as of late. But altcoins, unfortunately, have been doing worse. Related Reading: Bitcoin Plunge Through $9,600 Liquidates $144 Million in BitMEX Longs On Wednesday morning, the victors of the latest tug-of-war between bulls and bears were decided. Within a few minutes’ time, the Bitcoin price shed some…
The victors of the latest tussle between bulls and bears have been decided. In the past hour, the Bitcoin (BTC) price has plunged, with the cryptocurrency losing key support at $10,000 and $9,800 within a few minutes’ time. Related Reading: The Mysterious $120 Million Bitcoin Buy Wall And What it Could Mean As of the…
As the altcoin market continues to bleed out and sentiment around Bitcoin’s crypto cousins reaches a point of extreme despair, the question about their long-term value has come up often in recent days. It’s caused even the CEO of the company behind a major altcoin to admit that the asset class has failed to deliver…
The crypto market is known for its wild west environment, rife with scams, bad actors, and market manipulators. Last year, the CFTC launched a probe into potential market manipulation across Bitcoin markets, yet the problem persists even today. In this latest example, a $120 million buy wall was spotted by multiple crypto analysts overnight and…
China’s central bank has refuted media reports of it launching a state-backed cryptocurrency, according to Global Times, a government-affiliated news agency. Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China's central bank termed them as "inaccurate speculation." pic.twitter.com/Sb4tQVPD3G — Global Times (@globaltimesnews) August 28, 2019 The People’s Bank of China (PBoC)…