Tags : plunge

Bitcoin

Bitcoin miners made over $1.4 billion last month, despite plunge

Despite the market crash, Bitcoin (BTC) miners appear only marginally affected with reduced revenues in May, according to data from analytics tool Coin Metrics. May was daunting for Bitcoin, witnessing a correction of over 50% from it’s all-time high above $63.000 in April. The price correction consequently affected the mining revenue plunge, softened by the […]Read More

Bitcoin

Calls for Bitcoin Plunge Emerge Over Mysterious $1.5bn BTC Transfer

A high-volumed transfer to a Bitcoin exchange wallet made on February 21 has raised calls for a broader price correction among risk-averse traders. An entity (or a group of entities) credited about 28,000 BTC worth over $1.5 billion to an address that reportedly belongs to OKEx’s over-the-counter services. A Twitterati noted that the OTC address […]Read More

Bitcoin

Bitcoin At Risk Of Plunge Through Support If Stocks Turn

The overextended stock market bubble was already close to bursting, but some recent turmoil involving skyrocketing GameStop shares and a Reddit-driven short squeeze might break the already thin ice. If this happens, and the stock market turns down in a big way while Bitcoin is on critical support, there could be another sharp plunge across […]Read More

Market

First Mover: Bitcoin’s Plunge to $31K Shows How Bullish Market

Bitcoin (BTC) suffered its biggest pullback in four months, tumbling 9% after a seven-day winning streak that took prices to a new all-time high of $34,347 on Sunday.  “Bitcoin is having a much-needed reset,” Matthew Dibb, co-founder, and COO of Stack Funds, told CoinDesk. Some analysts saw signs that cryptocurrency traders might be rotating out […]Read More

Bitcoin

Analyst Claims Bitcoin is Poised for a Plunge to $20,000

Bitcoin saw a massive rally yesterday evening that allowed it to set fresh all-time highs above $29,000 The cryptocurrency did meet some serious selling pressure here that slowed its ascent and caused it to decline back down towards $28,000 It does appear to be finding some support here, but it remains unclear as to how […]Read More