Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Her...
Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook. Bitcoin Could Drop To As Low As $50,000 10x Research’s lead analyst Markus Thielen mentioned in the report that Bitcoin could drop to as low as $50,000. He highlighted a topping formation for the flagship crypto that could lead to this steep decline. Thielen noted how Bitcoin had been range trading for a while now, a....
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On October 21st, 2021, crypto exchange Binance US experienced a Bitcoin flash crash to led BTC’s price to dropped by over 80%. The industry is maturing, but these occurrences reminiscent the times when a crypto flash was business as usual. Related Reading | Brace For Impact: Wall Street Is Headed Straight For Bitcoin, Says Analyst A report by Arcane Research deep dives into the event, starting from the time it happened on the aforementioned date at 11:34:17. At this time, as the research firm claims, a “sudden massive selling pressure cleared the order book” on the exchange. This....
Research firm Messari published a report on the performance of 5 sectors in the crypto industry after the recent crash. Written by Roberto Talamas, the report determined that smart contracts (Solana, Cosmos, Polkadot, Kusama, and others) have been amongst the least affected by this event. Relentless selling pressure caused the main cryptocurrencies to correct by […]
XRP is once again making headlines after a top crypto research firm issued a bold forecast, declaring it “the fastest horse” on the next bull market rally. The statement has reignited enthusiasm across the XRP community, with many investors and traders agreeing despite the token’s history of volatility and past declines. Sistine Research Sees Major Shift For XRP Market analysis platform Sistine Research has shared its outlook on X social media, saying XRP is the best-looking major digital asset in the current market cycle. The firm described XRP as the fastest mover following recent....
While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations, such reports could engineer a further crash. But, on the other hand, it may also shed light on the ongoing investigation. The […]
Bitcoin faces resistance in low timeframes as it attempts to move up the $50,000 levels. After the weekend crash, the benchmark crypto has struggled to recover and seems to be lagging when compared to other cryptocurrencies. As a result of the crash, other Bitcoin-based investment products have taken a toll. According to Arcane Research and […]