Tags : Plunges

Bitcoin

Bitcoin Plunges Despite Tesla Boost Ahead of Record Options Lapse

An earlier morning boost in the Bitcoin market Wednesday, led by Tesla’s announcement that it would accept the cryptocurrency as payment for its electric vehicles, turned jittery ahead of the US session close, leading to a decline of more than $5,500 and ending the day 3.81 percent lower. Powell Strikes Again The flagship cryptocurrency’s seesaw […]Read More

Bitcoin

Bitcoin Plunges Ahead of Critical US Inflation Data Release; What

Key Bitcoin Takeaways Bitcoin staged an incredible bounce in the early morning session on Wednesday, breaching $55,000. Nonetheless, retreating US bond yields prompted traders to sell the multi-week top. The underlying bullish sentiment kept Bitcoin above crucial support levels while the market awaited the US Consumer Price Inflation report. Bitcoin went through an aggressive short-covering […]Read More

Bitcoin

Bitcoin Price Plunges as Bulls Fail to Break One Crucial

It has been a rocky past few days for Bitcoin, with the crypto seeing mixed price action that has muddied the clarity that investors previously had regarding its trend The selling pressure it has been facing over the past few days and weeks has been quite intense, making it increasingly unclear as to where it […]Read More

Market

Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum. Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours. Bitcoin’s 24-hour range: $30,305-$38,947 (CoinDesk 20) BTC above the 10-hour […]Read More

Market

First Mover: XRP Plunges 20% as Traders Assess SEC’s Ripple

Bitcoin (BTC) was little changed, with prices appearing unable to hold levels above $24,000.  “Bitcoin has moved vertically for a few weeks now and pullbacks will happen,” the Norwegian cryptocurrency-analysis firm Arcane Research wrote Tuesday in a weekly report.  The bigger story Wednesday in digital-asset markets was the steep plunge in prices for the payments token XRP […]Read More