Over the past ten minutes, Bitcoin has performed extremely poorly, falling from $6,700 to a price as low as $6,265 in an over 6% sell-off, per data from TradingView. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the dust on other exchanges.This 6%…
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 (BTC) experienced a flash crash yesterday in which the price plummeted from $29,800 to as low as $27,243 in just 60 minutes. The reasons for this violent price movement, which has not been seen on the Bitcoin chart for a long time, has caused speculations about what caused the crash. The popular Twitter account…
Markets smashed again to new yearly lows; Bitcoin Cash bleeding out, Stellar and Cardano not far behind. More pain has come to crypto markets as we round out the week. A third wave of selling has caused markets to dump to new yearly lows as total market capitalization dropped below $140 billion a few hours…
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…
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…
A third big dump sends crypto markets plunging; No cryptocurrencies escaping the exodus. The third wave of selling that started yesterday has continued unabated this weekend. Total market capitalization has been smashed below $120 billion as a further $23 billion has been dumped from digital currencies over the past 24 hours. Bitcoin is plummeting towards…
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…
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…