Tags : suddenly

Cryptocurrency

Why the Bitcoin price suddenly fell 5% in three hours—and

The price of Bitcoin abruptly fell by over 5% in just three hours on January 10. Analysts generally attributed the volatility to an overheated derivatives market and the new upcoming weekly candle. Why some technical analysts expected this move Some traders and technical analysts anticipated Bitcoin to pullback, due to the range it has seen […]Read More

Bitcoin

On-chain analysts explain why Bitcoin suddenly dropped 16% in 6

The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000. The correction occurred as the derivatives market became extremely overheated. The Bitcoin futures market can become overcrowded if the market is dominated by either short-sellers or buyers. If either one overwhelms the market, then the probability of a […]Read More

Market

Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin has shed much of the weekend’s stellar gains, as relatively cheap alternative cryptocurrencies play catchup with the crypto market leader. At the press-time price of around $29,000, bitcoin is down over 13% on a 24-hour basis, according to CoinDesk 20 data. Prices have declined by well over $4,000 in the last two hours, having […]Read More

Cryptocurrency

Why XRP suddenly spiked 35% in 45 minutes after a

The XRP price increased by 35% within 45 minutes subsequent to a large correction after Coinbase suspended XRP trading. The main catalyst behind the sudden spike in the XRP price seems to be a short squeeze. According to data from Bybt.com, $96 million worth of XRP futures contracts were liquidated in the last 12 hours. […]Read More