Cryptocurrency Analysis and News Portal
Bitcoin is in for more jump scares after having fallen by more than 50 percent this week.With the expanse of Novel Coronavirus rippling through financial markets, bitcoin plunged from $10,000 in February to $3,858 as of Friday. On the same day, the cryptocurrency recovered to hit an intraday top at
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After Thursday’s brutal crash and the follow-up wick on Friday morning, Bitcoin investor sentiment is down in the dumps; many believe there are few reasons to be bullish on the short-term to long-term prospects of the leading cryptocurrency.While this was seemingly true when BTC traded as low as $3,800, analysts
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If you’ve been on Crypto Twitter, you know of AngeloBTC, what some would call a “legendary” Bitcoin investor. Indeed, prior to his effective retirement, he had over 3,000 BTC worth of registered notional profit on BitMEX, making him one of the most profitable traders on the platform. Ever.While he has
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Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the drop’s worst, the cryptocurrency was down 50% in a
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Highlights:Bitcoin plunges to $3.8K for the first time since April 2019.The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange.The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets.Bitcoin fell to its 10-month
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Bitcoin is down more than 50% and broke many key supports such as $5,000 against the US Dollar. BTC price seems to be forming a short term bottom near $4,000 and it could recover.Bitcoin tumbled below many important supports and tested $4,000 against the US Dollar.The price is currently recovering
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Bitcoin plunged by nearly 40% in the last 24 hours. The brutal stock market selloff is killing other asset classes. Bitcoin’s safe-haven and uncorrelated asset narratives have been thrown out of the window. Bitcoin has a history of heart-stopping volatility but they all pale in comparison to what happened
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Ripple is down more than 50% in a day and broke the $0.1500 support against the US Dollar. XRP price tested the $0.1200 support area and it is currently showing a few recovery signs.Ripple price is down more than $0.1000 and it recently tested the $0.1200 support against the US
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Analysts in the Bitcoin market are dime a dozen, but good analysts are hard to come by. One of these “good” analysts is PenarthUdi — a pseudonymous TradingView user who few know nothing about, other than the fact that his calls have been amongst some of the most accurate in
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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
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