Tag Archives: Cryptocurrency News

As the bitcoin price languishes at $8,300, down more than 12% on the day, Fundstrat Co-Founder Thomas Lee has an unfortunate truth for crypto bulls. Lee does not believe bitcoin is a safe haven; in fact, quite the opposite as he forecasts that the S&P 500 will need to hit fresh highs this year before BTC can.S&P 500 May Be Bitcoin Price's Key FundamentalThe fundamental reasoning behind the strategist's claim is sound. He and his team at Fundstrat believe that retail investors, not...

Yesterday's catastrophic market implosion thrust the bitcoin price into a devastating 17% downward spiral that saw it dive as low as $8,000 before stabilizing.Once the bleeding finally stopped, crypto investors were left with two paralyzing questions: what happened, and where does bitcoin go from here?Diagnosing Bitcoin's Brutal PlungeBTC/USD cascading amid a market sell-off | Source: TradingviewJaded investors got what they wished for Tuesday as volatility washed over bitcoin and the broader...

The massive triangle that formed in Bitcoin since late June finally resolved itself on Tuesday as the flagship crypto nosedived toward the $8000 handle.Bitcoin typically leads the market and altcoins were in no mood to buck the trend as a massive exodus ensued coinciding with a less than stellar Bakkt launch.So who are the biggest losers from the carnage? We decided to take a look at the top 5 major cap fallers and to separate the riff from the raff, we filtered coins with a market...

For the first time in the nation's history, United Kingdom police will auction off approximately $662,000 in criminally-confiscated bitcoin (BTC).The seized BTC will be auctioned off by Wilsons Auctions — starting Wednesday — on behalf of U.K. authorities. The Ireland-based auction house will reportedly sell all of the bitcoin to the highest bidders and has not set any reserves.The confiscated coins, themselves, were seized by the Eastern Region Special Operations Unit (ERSOU) from a criminal...

The bitcoin price collapsed in the last 24 hours, shedding $1,500 in a dramatic selloff. The plunge hit altcoins even harder, wiping a total $38 billion off the cryptocurrency market capitalization. As panic spreads across the market, a little-known trading indicator called the ‘fear and greed index’ flashed red. At a reading of 15, it indicates ‘extreme fear’ in the cryptocurrency market - the lowest in more than a month. But to some investors, this signal might indicate a buying...

Stockbroker, financial commentator, and gold proponent Peter Schiff’s disdain for bitcoin is well known. The gold bug hasn’t held back in his criticism of the flagship cryptocurrency, calling it a “Ponzi Scheme” earlier this year. He now seems to be taking sadistic pleasure as the price of bitcoin is crashing, and he is rubbing it into crypto bulls with a gloomy price forecast. Peter Schiff suggests that the bitcoin price rally is over According to Peter Schiff’s tweet, he believes that the...

The price of Bitcoin (BTC) collapsed in extreme fashion late last night. Some individuals were able to capitalize on the move more so than others — with the world's biggest cryptocurrency available at $1,800 per coin with Binance's own stablecoin, Binance USD (BUSD). BUSD currently is ranked 2064 by market capitalization and has a small 24-hour trading volume of $743,509 — or only 74.49 BTC — according to CoinMarketCap. It is this low liquidity that may have been responsible for the extreme...

The Ethereum price (ETH), which recorded arguably its strongest rally in 2019 from September 7 to 19 fell by nearly 33 percent within a five-day span against the U.S. dollar as the cryptocurrency market corrected. Following a strong rally, the Ethereum price dropped by more than 30 percent against the USD as the cryptocurrency market corrected (source: coinmarketcap.com)After surging from $168 to $224, the Ethereum price has retraced back to $168, erasing all of its gains throughout the past...

Altcoins and tokens followed bitcoin to the depths on Tuesday, as the market plunged to the lowest level since early May following the muted debut of Bakkt. Crypto Markets Crater Crypto markets plunged anew as bitcoin lost hold of a key psychological support, paving the way for a brutal correction that eventually touched $8,000. The largest cryptocurrency by market capitalization has rebounded off those lows but remains well below $10,000, a level that had demonstrated stability for nearly...

According to data published by Datamish, $651 million in BTC was liquidated on BitMEX as the bitcoin price abruptly plunged by more than $1,500 within merely several hours, causing most major crypto assets like Ethereum and EOS to plummet by nearly 20 percent. $651 million long contracts on BitMEX liquidated as the bitcoin price drops $1,500 | Source: DatamishLiquidation on margin trading platforms like BitMEX describes the process in which traders lose their entire positions that are...