Tag Archives: btcusd

The leading US-based cryptocurrency exchange, Coinbase, reportedly experienced issues again as Bitcoin’s price suddenly dropped, losing around 20% quickly. This isn’t the first time the exchange goes down amid sudden movements of the kind. Coinbase Goes Down As Bitcoin Price PlummetsBitcoin is known to be volatile. What is more, when there’s volatility, it usually takes place in sudden bursts rather than prolonged trading sessions. In March, the price lost around 40% in just a few...

With only two days left to the third halving, severe levels of volatility reached the cryptocurrency market, and Bitcoin plunged by 20% in a matter of hours.Similar price developments transpired back in July 2016 when, again, two days before the second halving, BTC dropped by 11%.History On Track In 2016 and 2020As CryptoPotato reported earlier today, the primary cryptocurrency, and most of the market, nosedived. After the recent impressive surge and touching the psychological level of...

This was one of the worst days for Bitcoin’s price over the past years. Starting yesterday just one step away from the $10K mark, Bitcoin saw an intraday crash to below $8000, before a slight recovery.At some point, the daily candle reached almost 20% in the negative. Anyone who knows Bitcoin can’t say it’s out of the blue. However, as we get close to the halving, such a massive decrease can trigger a larger panic-sell. We had seen already what weak hands could do only two months ago on March...

Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated.As of writing these lines, the price of Bitcoin corrected a bit and currently trading around $8500, which is a 12% drop over the past 24 hours. While Bitcoin’s current daily low on Bitstamp was $8117, Binance Futures platform...

The first website that claimed Bitcoin was dead ten years ago does not function anymore. Over the years, the primary cryptocurrency has attracted lots of pessimism, criticism, and doubt on itself but is now officially outliving some of the non-believers.The First “BTC Is Dead” Website DiesFor over a decade of existence, Bitcoin has seen a fair share of negativism going its way. The naysayers grew fast, primarily in the early stages.Interestingly, this rising number led to the emergence of a...

Tether is not slowing down in its USDT printing spree. The amount of tokens the stablecoin issuer has minted within the last week now equals what it printed in the first half of April.Tether Prints 480 Million USDT In 5 DaysRecords from Whale Alert suggest that the Tether Treasury has printed five batches of fresh tokens in the last five days, totaling 480 million USDT ($480.4 million), which was the same amount with what was minted within the first 14 days of the previous month.In a previous...

Bitcoin is currently down by 1.5% after a surging to $10,000 mark on Thursday, but a rebound could be underway.The primary cryptocurrency is looking for a substantial rebound level around $9,400Key Resistance Levels: $9,800, $10,000, $10,475, $10,970Key Support Levels: $9,450, $9,100, $9,000, $8,500BTC/USD 1D. Source: TradingViewBitcoin’s recovery from the March crash (to $3800) is quite notable, and it’s safe to say that the bulls are technically back in the market. The fundamental part of...

Another popular cryptocurrency analyst believes that it’s entirely plausible the price of Bitcoin to plunge following the halving. He argued that exchanges offering futures trading will induce the biggest sell pressure on the market.BTC Price To Drop Because Of ExchangesWith the third Bitcoin halving scheduled to take place only a few days from now, speculations regarding potential price effects continue to spiral. Popular on-chain analyst, Willy Woo, believes that after the event, miners...

The past couple of months have been nothing but a wild ride for Bitcoin. In the middle of March, when the coronavirus started to spread in the Western World, and markets reacted swiftly, BTC lost more than 40% and tumbled to $3,600. Now, less than two months later, the price is not only fully recovered but also touched $10,000 for the first time since February.A lot of experts thought that the recovery from the March lows would be prolonged and slow, but the fact of the matter is that Bitcoin...

BitcoinBitcoin saw an impressive 11.5% price surge over the past 7 days of trading as the cryptocurrency manages to reach as high as $10,000 again. During the week, the coin managed to break above the previous resistance at $9,000 and continued above further resistance at $9,426 and $9,815 to reach the $10,000 level.Looking ahead, if the buyers break above $10,000, resistance is located at $10,226 (1.618 Fib Extension) and $10,430 (2020 high). Above this, resistance is located at $10,810,...