Bitcoin Back At $65,000 — The Two Main Reasons Behind Today’s Market Crash
Bitcoin (BTC) resumed its downward trajectory on Thursday, falling toward $65,645 at the time of writing after once again failing to break through the major $70,000 resistance level. The pullback in the leading cryptocurrency has rippled across the broader digital asset market, with large-cap tokens, including Ethereum (ETH), XRP, and Solana (SOL), posting similar declines. US Recession Signals And Potential Shutdown Market expert Ash Crypto attributed the latest selloff to two primary forces: deteriorating US economic data and the rising likelihood of a federal government shutdown.....
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Bitcoin price has surged higher after a protracted consolidation below 2900 CNY and $440. Technical analysis of the price chart identifies some advance targets. It is difficult to ascribe reasons or causes for today’s surge. According to the most immediate risk event – the potential XT hardfork on 11 January – today’s move could be judged premature. It is also easy to point to this week’s China stock market crash and say that investor fear, compounded by a government imposed stocks selling ban, is driving funds into bitcoin. However, we cannot be sure that this is the only or main dynamic....
Here's three main factors behind Thursday's bitcoin price crash.
The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins. Generally, the crypto market suffered a loss estimated at $400 billion in a few days. Surprisingly, a new report has emerged showing that while the Whales were dumping their holdings, the retailers were busy buying up Terra. According to the Terra investor who made the report, many smaller wallets were stocking up the....
Its been a few days since we reported on our bitcoin price intraday technical analysis strategy, and while the holiday season (plus new year) has disrupted our trading a little bit, things are now back on track for a profitable 2016. Additionally, the pause in our strategy implementation has given us a chance to step back and take stock of the markets, meaning hopefully we can enter the year with a little additional clarity. So, with this said, and as we head into the mid afternoon session in Europe, what are the levels we are looking at in today’s markets, and where are we looking at....
It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, but there are clear reasons for that. The Tesla dump wasn’t among those reasons until yesterday night, when the […]