Tag Archives: btcusd

Bitcoin has tough days. The primary cryptocurrency had lost 40% of its value over the past four days.The fact that the price of Bitcoin is positively correlated with the global stock markets had been a surprise to many in the crypto community, who waited eagerly to see Bitcoin price exploding amid the emerging coronavirus financial crisis. After all, Bitcoin was born as alternative money following the recent financial crisis of 2008.Back to the price charts: the abnormal behavior that took...

Volatility in the cryptocurrency market is something somewhat expected. Aside from the price swing, however, the community’s opinions and predictions could change just as quickly.For instance, Bitcoin, and the rest of the cryptocurrency market, went through a severe nosedive a few days ago, which brought the price of the largest digital asset to as low as $3,600 on BitMEX. All of a sudden, most popular influencers switched their previous bullish views to a full-on bear mode.Change Of Heart...

On the same day that Wall Street took its hardest plunge since the 1987 Black Monday crash, Bitcoin’s price cratered from a touch under $8,000 per 1 bitcoin to the $3,700 handle within 24 hours. This is calling into question the entire thesis of Bitcoin as an uncorrelated asset.Here’s why it shouldn’t.Bitcoin Market Cap Is Too Small to CorrelateWhile Bitcoin has an impressive market cap for “fake Internet nerd money,” it is too small to possibly be correlated with markets.People don’t seem to...

It’s safe to say that unless unexpected things happen, this will be the worst week for Bitcoin since 2013. During the second week of December 2013, Bitcoin had seen a plunge from $864 to $382, more than a 50% decline. Those were the days when MT.Gox was the only major Bitcoin exchange out there.Just seven days ago, BTC was trading at around $9,000, and its price has now dropped to slightly above $5,200. What is more, the price went down to as low as $3,600 before bouncing to where it trades...

As a seemingly endless stream of reports continues to pour in surrounding the coronavirus, many are becoming increasingly concerned over the effects this global pandemic could have on the global financial system.In fact, the outbreak is shaping up to potentially cause one of the worst financial crashes of all time. With some even saying that the current pandemic will be just as bad as the Wall Street Crash of 1929, the Dotcom bubble of the early 2000s, and the Global Financial Crash of...

The last few days have been quite terrible as the cryptocurrency market shreds every single gain it has amassed since the start of the year. Bitcoin even slumped to as low as $3,700 for an hour for the first time in 12 months. The price crash left traders in dismay, with many scratching their heads and counting losses. Traders wonder what is behind the recent sell-off and the quick recovery, which was definitely abnormal, even for a volatile asset like Bitcoin. This was the worst daily drop...

Cryptocurrency prices fell sharply yesterday. This is one of the worst days in the history of the cryptocurrency markets. There seems to be hope and a few opportunities as well.Cryptocurrency prices slid yesterday to new lows. Sources say that the prices of cryptocurrency tokens have tanked since yesterday. This follows a general market malaise as other markets performed even worse. This is mostly due to the COVID-19 situation. At some point trading on some markets had to be reportedly...

In general, the crypto market is on the wane today. Bitcoin, Ethereum, XRP and other coins are dropping. More volatility is expected. BTC price has returned to the above $5,000 levels.The crypto market is so volatile that incredible changes can occur within minutes. A prime example of such a leap is the leading digital currency. First, Bitcoin price drops to $3,637, but in just 30 minutes, it bounds back and jumps to $5,260. Such performance is accompanied by the downward movement of the...

Friday 13 is at the beginning, but the market already shows the scary new Bitcoin’s bottom of $4,900. BitMEX derivatives exchange is reporting a huge wall of long orders sell-offs.BitMEX report that they have the biggest order liquidation sequence in the last 16 months. Both longs and shorts have been selling crypto, which causes further price fall and extreme fear. The BitMEX exchange had destroyed orders worth of $702 million. This sum is somewhat a record since November 2018.During the...

This is not the Bitcoin halving the crypto industry was talking about in 2020. The Bitcoin price crashed on the worst day for equities markets in 33 years. The Dow Jones plummeted 9.99% during trading, the S&P 500 lost 9.51%, and the NASDAQ took a 9.43% dive.Even spot gold declined by some 4% Thursday, as the logic of Bitcoin’s detractors like Peter Schiff, gold is now positively correlated with stocks. However, Bitcoin was the biggest loser, with a massive run on the world’s first...