In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town.But, as I recently cataloged in a Twitter…
If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed multiple tweets like the one seen below; stablecoin companies, from Tether to Circle and Paxos, are issuing tens of millions of dollars worth of these digital assets day after day.💵 💵 10,000,000 #USDC (10,000,000 USD) minted at USDC TreasuryTx:…
Over the past few weeks, Bitcoin has performed surprisingly well, rallying as high as $7,100 (on Bitstamp) just days ago, surging higher from the $3,800 bottom seen during the March 12th to 13th capitulation. Even though the bull trend has been exhausted, BTC continues to trade at $6,600, consolidating in the mid-$6,000s as it determines…
The Thursday before last were arguably some of Bitcoin’s worst days ever; the crypto asset saw a 40% loss, which was the second-largest percentage collapse in BTC value in a day, second only to the Mt. Gox meltdown. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 to…
Another week, another round of Crypto Tidbits. Wow, what a past seven days for Bitcoin, cryptocurrencies, and global markets overall.Bitcoin saw a blood-red week, to say the least, falling from $10,000 on Sunday to a low of ~$8,480 within a few days’ time as buyers failed to keep the asset above the key $9,500 support. Altcoins…
I’ve said it once and I’ll say it again: Bulls really can’t catch a break. Over the past few hours, Bitcoin has continued to tank, building on the drop to $9,300 that already transpired on Tuesday morning.As of the time of writing this, the leading cryptocurrency is trading for $9,125, down 4% in the past…
Bitcoin hasn’t fared too well over the past few days, tumbling as low as $9,500 on Monday as sellers have started to liquidate their stacks en-masse. This meant that at the current correction’s worst, BTC was down just around 10% from the local $10,550 high that was set last week.While this plunge seemingly marks a…
Over the past day, Bitcoin has done extremely well; case in point: per data from CoinMarketCap, the price of the leading cryptocurrency has surged 5% higher to $10,300 over the past 24 hours, reaching as high as $10,500 on the back of an influx of buying pressure.While some are fearful that the steep uptrend BTC…
XRP didn’t have a good 2019 by any means. The third-largest cryptocurrency, third to Bitcoin and Ethereum, actually fell by 50% against the dollar in 2019, dramatically underperforming Bitcoin’s 95% gain and a near-record run in the stock market and in real estate.But, over the past few weeks, prospects for the leading altcoin have improved,…
While XRP is up over 50% in the past 50 days, rallying from $0.17 to a local top of $0.29 in just over a months’ time, the cryptocurrency is still dramatically down from its all-time high above $3.00, set in early-2018.In fact, at the current price of $0.278, XRP remains over 90% lower than its…