Here’s Why The Bitcoin Price Fell Below The $70,000 Level Again
With the cryptocurrency market turning extremely bearish again, Bitcoin (BTC) saw a sharp pullback that brought its price below the $70,000 mark, a zone that had previously acted as a strong support. The pullback below the level was no coincidence as recent news about macro events rocked the market, causing BTC to lose its newfound […]
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Last Monday, Bitcoin started the new week at the level of $387 and stayed near it until Wednesday January 20 2016. On that day, Asian markets have once again resulted in another fall in world markets. Nikkei dropped by 3.7%, Hang Seng fell by 3.7%, Shanghai Composite fell by 0.9%. Also MSCI has fallen to its lowest level since 2011. The market in South Korea fell by 2.3%. Moreover, we soon saw a continuation of the downturn in the US and European markets. NASDAQ index fell by 0.12%, and Dow Jones by 1.56%. Securities of the leading European countries fell by an average of 3-5%. But in just....
Ethereum has faced a strong correction after peaking near $1,350 last week. The cryptocurrency currently trades for $1,050, though fell as low as $950 on Monday due to an influx of selling pressure. During the drop, the funding rates of the ETH futures markets were extremely overleveraged. In some cases, there were long positions holders […]
Yesterday Bitcoin began growing again and moved up by $43 from the level of $380 to $423. The reason for this was another fall in Asian markets on Wednesday, January 20 2016. Japan's Nikkei fell 3.7%. In Hong Kong, the Hang Seng Index also fell by 3.7%. Moreover, Hong Kong Dollar rates also decreased. The Chinese stock market has also spent the last day in recession. The Shanghai Composite fell by 0.9% and continues falling. The market in South Korea fell by 2.3%. The MSCI index of Asia-Pacific dropped to its lowest level since 2011 – falling by 2.6%. Also yesterday, the price per barrel....
The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting prognosis for the price of Bitcoin based on its recent movement. According to....
Despite having a boom week, Bitcoin, the most valuable cryptocurrency, sank to its seven days low. Several other altcoins that had also been rallying dropped, including the second-largest coin, Ethereum, which fell over 5%, XRP fell by 4%, and ADA took the lead with 6%. Over the last nine days, Bitcoin has seen positive momentum. From a low of $19,230 to a high of $24,280, the leading cryptocurrency has increased in value by more than 26% since July 12. Related Reading | TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key Nonetheless, BTC’s most recent rise failed to surpass....