Tag: bitcoin crash

Jul 12 2022

Another Bitcoin CRASH has just been PROVED! THIS Chart Confirms it

Crypto investors were ecstatic to see crypto prices rising in the previous week. However, this current week seems to have started on the wrong note. The crypto market is today down by more than 4%, with Bitcoin dropping yet again below the psychological price of $20,000. Does this mean that a Bitcoin crash is going to happen? In this article, we explain why...

Jul 05 2022

Bitcoin Price is CONSOLIDATING! Is an Uptrend coming soon?

The crypto market witnessed yet another crash last week. Bitcoin prices were expected to hold the $20,000 price mark, but failed to do so as prices fell and reached a low of $18,500. Today, this low price turned to become a strong support for the medium-term. Will Bitcoin go up? Is the Bitcoin consolidation a good thing for crypto prices? In this...

Jul 01 2022

Breaking: El Salvador Buys 80 Bitcoin (BTC), Here’s How Prices Reacted

El Salvador President Nayib Bukele said the country purchased 80 Bitcoin on Friday amid a broader decline in the token's prices. The South American country bought 80 Bitcoin at about $19,000 each, valuing the total transaction at $152,000. The buy appeared to have slightly boosted Bitcoin prices, helping them briefly retake $20,000. The buying comes...

Jun 30 2022

Will Bitcoin Price reach $10,000? Very Possible, Here’s why!

It seems like the crypto crash is still going strong. After a slight rebound upwards, most cryptos tanked again, losing more than 3% in the past 24 hours alone. Bitcoin should've kept its $20,000 price mark intact. However, BTC just breached this area for the second time, raising the alarm for crypto investors. Now that Bitcoin reached a price...

Jun 25 2022

This Bitcoin Bear Market Is Unlike Any Other, Here’s Why

Jun 25 2022 Published at Coingape under tags  bear market bitcoin crash bitcoin news news

With Bitcoin languishing over 73% below its November highs, the token has decidedly entered a bear market. But several macroeconomic factors make this bear market different from the ones seen in 2020 and 2018, complicating the timing of a recovery. This has also seen crypto markets experience one of their worst drawdowns in history- down...

Jun 21 2022

Bitcoin Miners Wind Down Selling, Is A BTC Recovery In Sight?

Jun 21 2022 Published at Coingape under tags  bitcoin crash bitcoin miner bitcoin news news

Bitcoin miners appear to have reduced the pace at which they were offloading tokens, indicating that some selling pressure on the token may have eased. Bitcoin prices stabilized around $20,000 after tumbling as low as $17,922 last week. The token now appears to be treating $20,000 as a support level. A bulk of this tumble...

Jun 19 2022

Bitcoin Hashrate Slams Down After New ATH As Price Continues Struggle

Data shows the Bitcoin mining hashrate has already plunged down since the new all-time high as the crypto's price has continued to struggle. Bitcoin Weekly Hashrate Sharply Trends Downward The "mining hashrate" is an indicator that measures the total amount of computing power connected to the BTC network. When the value of this metric...

Top 5 Reasons why Bitcoin Price Fell Below $20,000

After an extensive bear market, the crypto community expected prices to settle as Bitcoin reached $20,000. However, many reasons came into play and caused Bitcoin prices to breach this strong psychological price lower, reaching a current price of around $18,500. Why Bitcoin fell below 20000 dollars? In this article, we give you a brief refresher on what happened since the beginning of the...

Jun 18 2022

Another Crypto Crash? Bitcoin falls below $20,000, what’s next?

Crypto prices have been falling for weeks. Today, prices dropped again significantly. Bitcoin price is currently below $20,000 per coin. Ethereum has even fallen below 1,000 euros. Due to the losses of the two biggest cryptos, most altcoins also lost massively in value. Cardano is currently below 50 dollar cents, Solana...

A Bitcoin TOTAL Collapse might Happen, mostly due to Miners! Here’s why

Bitcoin crash: BTC prices continue to fall and dipped for the first time in 3 years below $20,000The crypto market as a whole crashed by more than 7% in the past 24 hours aloneA fundamental flaw in Bitcoin's infrastructure might lead Bitcoin to a total collapse, mostly due to Bitcoin miners Bitcoin is risking a total collapse. We are indeed in...

Jun 17 2022

Bitcoin Detractor’s Predictions Swim Into View, Should You Be Worried?

Peter Schiff has been a long-time detractor of bitcoin and he has not been shy about these views. But as the saying goes that even a broken clock is right two times a day, Schiff’s predictions have also played out right in front of investors. The economist has been warning about the crash and had posted that the most recent one would most...

Jun 16 2022

Bitcoin Trading Volume Surges To Highest Since Dec 2021

Data shows the daily Bitcoin trading volume surged to its highest value since December 2021 on Monday, the day of the crash. Bitcoin Trading Volume Spikes Up As Activity Increases In The Market As per the latest weekly report from Arcane Research, the BTC spot volume increased to around $15.7 billion during the crash. The "...

Can Bitcoin reach 0 $? Here are the Thoughts of Professional Analysts

Bitcoin has suffered a massive crash in the past few days. The price almost crashed to $20,000, the lowest it has been in 1.5 years. Many investors are afraid that the Bitcoin price could collapse. Can Bitcoin reach 0 $? Should You Sell Bitcoin Now? In this article, we discuss the possibility of selling your bitcoin and give you the reasons for it....

Jun 14 2022

Is the Bitcoin Crash over? Or will Bitcoin price reach $10,000?

After a brief consolidation, most crypto enthusiasts expected crypto prices to recover. However, this did not occur as the crypto market continued its bearish trend. Crypto prices have been on a decline since November 2021 with no sign of ending. However, Bitcoin prices reached an important area that might send prices upwards again. Is Bitcoin crash over? Will BTC prices go back up...

El Salvador’s Bitcoin Bet Down 50%, Here’s What The FinMin Thinks

El Salvador, the first country to nationally adopt Bitcoin, faces a loss of about $40 million on its investments in the token. But country's Finance Minister, Alejandro Zelaya, does not think this is something to worry about. In a recent press conference, Zelaya said that $40 million "does not even represent 0.5% of our national...

Alleged “Original” Bitcoin Token Rallies 24% As Crypto Markets Crash

Jun 14 2022 Published at Coingape under tags  bitcoin crash bitcoin news bitcoin sv news

Bitcoin Satoshi's Vision (BSV), a variant of Bitcoin that claims to follow the creator's original vision, has blazed past a market crash in the past 24 hours. BSV is up over 23% at $55.79, ducking a 6% decline in markets in the past two sessions. By comparison, Bitcoin (BTC) has slumped 11% in the past...

BitMex Founder Sees Carnage If Bitcoin, Ethereum Breach These Levels

BitMex founder Arthur Hayes said the Bitcoin and Ethereum could be primed for severe losses if they dropped below a certain level. For Bitcoin, Hayes sees a drop below $20,000 causing a spot-selling cascade. He sees a similar...

Here’s Why A Celsius Liquidation Spells Doom For Bitcoin

Beleaguered crypto lender Celsius was seen adding more Bitcoin on DeFi platform MakerDAO to lower the price at which its position will be liquidated. The lender, which recently suspended withdrawals due to a severe liquidity crunch, will see its $522 million position liquidated if Bitcoin prices hit $16,852, on-chain data shows. Bitcoin is currently trading The post Here's Why A Celsius Liquidation Spells...

Jun 13 2022

Crypto Winter Has Arrived: Is It Time To Buy The Blood In Bitcoin?

The crypto market has now declined to one of its lowest points in two years as bitcoin and others have fallen, and this has struck fear in the hearts of investors. Due to investors being too scared to put any money in the market, the prices of the digital assets such as Bitcoin continue to fall. As the chart bleeds red, there are...

Bitcoin Crashes Below $24K As Crypto Loses Its $1 Trillion Price Tag

Jun 13 2022 Published at Coingape under tags  bitcoin crash bitcoin news crypto crash news

Bitcoin's (BTC) latest slump saw total crypto market capitalization shrink below the $1 trillion mark for the first time since January 2021. Bitcoin has lost over 12% in the past 24 hours, and is currently trading around $23,900- its lowest level since late-2020. Its recent crash was triggered by higher- than-expected inflation data on Friday, with The post Bitcoin Crashes Below $24K As Crypto...

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