Category: Price Watch
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Dow futures drops 700 points at day’s lowest point, leaving Bitcoin vulnerable to a correction
Dow Futures indicate that the Dow Jones Industrial Average (DJIA) is set to fall at open, following a strong recovery on March 10. The sell-off in the U.S. equities market puts Bitcoin at risk of a further pullback. Bitcoin on track for three consecutive weeks of steep sell-off Since the last week of February, the…
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This data shows Bitcoin’s halving hype is fading; here’s what this means for investors
Bitcoin’s upcoming mining rewards halving has long been looked upon as a bullish event that will catalyze upwards momentum for BTC due to the effect it has on the cryptocurrency’s inflation rate, and historical precedent backs this notion. It is important to note that analysts have claimed that the short-term impact that the halving has…
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Data shows the crypto market is inversely correlated with Coronavirus discussion rates
Fear surrounding the lethal Coronavirus (COVID-19) has plagued the global markets, sending shockwaves across multiple asset classes that has led commodities, crypto, and equities to all post sizeable losses over the past several weeks. New data from a prominent analytics firm elucidates an interesting trend when it comes to the correlation between the crypto market…
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Major Ripple supporter sells all of her XRP holdings due to toxic community
Tiffany Hayden, once one of the Ripple’s biggest supporters and self-proclaimed CEO of XRP, has sold off her XRP holdings due to constant attacks from the XRP community. The blockchain advisor said that the constant attacks she suffered from Ripple supporters caused her to sever ties with the project. Major Ripple supporter dumps all of…
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This top cryptocurrency barely flinched as $40 billion got wiped off the market
From March 8 to 10, within a 48-hour span, the Bitcoin price plummeted by 13 percent in a severe short-term pullback. As the cryptocurrency market crashed overnight, one asset outperformed BTC and other major altcoins. In the same period, Chainlink (LINK) rose ten percent against Bitcoin, performing strongly against the entire cryptocurrency market. Why has…
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Aftermath of the shocking $1,500 Bitcoin plunge: where do top traders see BTC next?
The Bitcoin price has dropped by 16 percent since March 8 in one of the steepest sell-offs in recent months. After the brutal drop, the sentiment of top traders on the short-term price trend of BTC remains divided. Bitcoin trend is bearish, for a start As reported by CryptoSlate, the overnight $1,500 plunge of Bitcoin…
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Analyst: Bitcoin could see an explosive upwards movement after tapping key “buy zone”
Bitcoin (BTC) saw a massive selloff this morning that sent the cryptocurrency reeling from the upper-$8,000 region to lows of $8,100, before finding some support that has allowed it to rebound slightly. This intense selloff has led the benchmark crypto to dive into what one top analyst is calling a long-term “buy zone” – meaning…
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This occurrence on Bitcoin’s futures chart shows fresh 2020 highs might be in sight
Following the period of sideways trading that Bitcoin (BTC) was subjected to earlier this week, it now appears that the benchmark cryptocurrency is once again entering another consolidation phase as it stabilizes within the lower-$9,000 region. This rangebound trading may not last long, however, as BTC currently has one open CME futures gap on its…