The crash of the cryptocurrencies has happened, but does it have further to go? Wednesday saw wild gyrations in the price of bitcoin, the largest and most widely traded of the currencies, with the price dipping close to $4,000 before recovering sharply. Unsurprisingly the bulls (yes, there are some still) saw this as solid support,…
Since the daily close 20 minutes ago, Bitcoin has fallen off a cliff.The cryptocurrency has collapsed from $9,800 where it spent most of Saturday to $8,000 — a drop of more than 15% — since the daily close, shedding support level after support level as if they were not notable at all.TradingView.comFew traders were expecting…
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.…
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…
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…
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…
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…
Markets are crashing after Trump’s tariff plan – but these new ICOs might present a light at the end of the tunnel. The market has dropped after Donald Trump’s proposed tariffs raised fears of economic uncertainty – but is this a crypto crash or an opportunity? Many see it as a buying opportunity, noting that…
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…