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…
The crypto market hasn’t fared too well over the past day or two. After peaking at $9,200 in a dramatic fashion, Bitcoin retraced under $8,200 on Sunday, catching many traders off guard, as they were expecting the leading cryptocurrency to continue higher.Though, a prominent analyst, Jacob Canfield, recently shed light on three crucial catalysts which…
Despite sporting a market cap of over $100 billion, Bitcoin is only 11 years old, having launched in 2009. This means that while the cryptocurrency has been through a lot, it has not yet been through a full-fledged financial recession.Related Reading: Altered Carbon: Bitcoin & Top Crypto Assets Just Made A Brief AppearanceThis has left…
XRP has been like a rocket ship ready for a moon mission, with crypto speculators predicting an immense rally against the dollar and Bitcoin.But either XRP is refueling its jets before more upside or has just taken a detour back into a selloff, as the price of the number three cryptocurrency by market cap just…
Bitcoin has experienced huge price drops in recent days, with the cryptocurrency tumbling by more than $2,000 (£1,600) to take its value below $8,000 for the first time since June. It has since recovered slightly but many investors remain cautious about bitcoin’s short-term prospects. Others, however, remain convinced that the cryptocurrency will continue to see…
In what has been one of the largest 24 hour market dumps this year over $30 billion has been dumped from crypto assets. Bitcoin reached the end of its bearish triangle pattern and dumped hard down to a three month low at $8,000. Bitcoin Crashes 17% Many had predicted a huge drop to long term…
The huge bitcoin price crash, which saw the cryptocurrency lose almost half of its value in a matter of days, appears to have stopped – at least for now. Bitcoin declined spectacularly at the beginning of February, falling from $10,000 to $6,000 in just four days. The price plunge has now stopped, and bitcoin appears…
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…
Bitcoin has suffered a significant setback after plunging in value by thousands of dollars to take the cryptocurrency’s price to below $10,000. The losses mean bitcoin has shed more than a quarter of its value over the last seven days, marking the end to a prolonged period of gains that began at the beginning of 2019.…
Crypto markets take a breath after recent dump; Bitcoin Cash and SV recovering, Tron dumping recent gains. Crypto markets are still battered and bruised as we enter the weekend. There has been no sign of a recovery following the $16 billion rout over the past day or two. Total market cap is still a touch…