Tags : Crash

Bitcoin

No, A Whale Didn’t Cause Bitcoin To Crash Overnight

Bitcoin price is down more than 10% from the weekend’s new all-time high set above $60,000 after an overnight selloff. The now sizable correction was first assumed to be a massive whale dumping more than $1 billion in BTC on crypto trading platform Gemini, but ultimately turned out to be something else. Here’s what actually […]Read More

Bitcoin

Bitcoin breaks $60,000 a year after ‘flash crash’ to under

Bitcoin, the world’s biggest cryptocurrency by market cap, broke the $60,000 level today driven by futures and spot trading activity. It’s now returned over 990% to investors in the past year, and 8% in the past day. Data showed over $490 million worth of “short” positions, or bets against BTC’s rising prices, were liquidation as […]Read More

Bitcoin

Reliving The Black Thursday Panic Crash

Time flies. It is hard to imagine that one year ago today, Black Thursday struck Bitcoin and caused one of the largest single-day selloffs in the asset’s short history, but here we are. In honor of all the billions of liquidations that took place that day, all the strong hands that held through the carnage, […]Read More

Bitcoin

Bitcoin (BTC/USD) Will Not Crash Below $36,000, Asserts Forex Analyst

A recent price explosion in the Bitcoin market has pushed its costs to over $52,000 per token, more than double its December 2020 nadir. The cryptocurrency’s meteoric rise has also sent its momentum indicators into an overbought area, which typically amounts to a downside correction in the medium-term. Bitcoin RSI indicator is flashing warnings about […]Read More

Bitcoin

Bitcoin On-Chain Data Reveals Chinese Mining Pool Behind Its Crash

An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 […]Read More

Market

Bitcoin Whales Kept Accumulating During Monday’s Crash

Large bitcoin (BTC) investors, popularly known as whales, look to have bought Monday’s price dip, indicating confidence in the ongoing bull market. The number of bitcoin “whale entities” – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 BTC – rose slightly to a new record high of 2,140 on Monday. […]Read More

Bitcoin

Breaking down the 20% Bitcoin market crash: over $2.8 billion

It’s been a bloody past day for the Bitcoin and broader crypto market. Early this weekend, the cryptocurrency market was gunning for new all-time highs: Ethereum had pushed to $1,350, altcoins were up by double digits, and Bitcoin was holding key supports in the $40,000-41,000 region. Now, Bitcoin trades for $30,600 and Ethereum trades for […]Read More

Bitcoin

Bitcoin Broadening Wedge Formation Indicates Crash Below $30,000

Bitcoin prices fell on Monday, after plunging by more than 12 percent in the previous session, as the US dollar rebounded and US benchmark yields inched higher, denting the flagship cryptocurrency’s safe-haven appeal. Spot BTC/USD was down 11.61 percent to $33,739 .39 per token by 0639 UTC, after having reached its record high of $41,986 […]Read More