Markets tanked during the early hours of Sunday morning UTC, with Bitcoin dropping $10k in a matter of hours. While Dogecoin also suffered a dip, its fall was trivial compared to the rest of the market. By midday, DOGE had recovered and went on to post 12% gains by the …
Read More »Did a massive Chinese power outage cause Bitcoin’s crash down to $50k?
On-chain analyst Willy Woo argues a massive power outage in Chinese mining hub Xinjiang drove Bitcoin’s violent crash down to $50,000. Source link
Read More »Up 138% in one week, is Filecoin bound for a crash?
After a rough start, Filecoin has managed to break into the top 10 leading cryptocurrencies by market capitalization. After overtaking Chainlink (LINK) and Theta Network (THETA), with a rally of 138% in one week and 418% in one month, FIL took over the tenth position. Founded by Juan Benet, creator …
Read More »Bitcoin Flash Crash Pauses as Goldman Sachs Announces Crypto Services
Bitcoin underwent a mini flash crash on Wednesday as its price fell from $59,400 to nearly $57,000 in just five minutes of trading. Analysts blamed overleveraged long positions for the downside move, with the plunge liquidating about $600 million worth of extended bullish contracts across major futures exchanges. The wipeout …
Read More »Bitcoin Just Recovered to $35,000 After Yesterday’s 25% Crash
Bitcoin is ripping higher despite yesterday’s correction. The cryptocurrency plunged as low as $30,000 yesterday as buying selling rapidly picked up on platforms such as Coinbase, analysts said. This came after Bitcoin peaked at $42,000 late last week. While Bitcoin is not yet in the clear on a short-term time …
Read More »Bulls Bleed: Bitcoin Liquidates $400m in 15 Minutes During Overnight Crash
Bitcoin has seen some wild price action as of late that has put a short-term end to the cryptocurrency’s extended parabolic uptrend. Where the market trends in the mid-term will undoubtedly depend primarily on whether or not bulls can main control over the lower-$30,000 region, which is around where it …
Read More »$176m Liquidated: XRP Crash Leaves Wake of Destruction Amongst Traders
XRP’s price is showing no signs of ending its tumultuous descent that was sparked by the SEC’s lawsuit against Ripple for conducting an unregistered securities offering This news sent panic throughout the market and caused the cryptocurrency’s price to crash, falling from over $0.50 before the news to lows of …
Read More »Ethereum Plunges Under $600 as Altcoins Crash
Ethereum has plunged lower over the past day as a result of strong selling pressure in the altcoin market. It began with XRP, which began to drag lower after it was revealed that the U.S. Securities and Exchange Commission (SEC) would be suing the Ripple company. ETH now trades for …
Read More »Is The VIX Volatility Index Forecasting A Major Bitcoin Crash?
Bitcoin price is consolidating just below $20,000. As the last confrontation with $10,000 has shown, consolidation below resistance is typically a bullish event. However, with such strong resistance above, the uncertainty surrounding the pandemic, the coming vaccine, and the change of power happening in the United States, there’s a recipe …
Read More »Bitcoin price continues falling, losing $17K in biggest crash since March
Fresh lows of $16,300 mean that BTC/USD has lost over $3,000 in 24 hours after hitting highs of $19,480. Source link
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