Crypto EcoBlog
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...
Read More »Stellar Spikes – Then Falls Again Minutes Later
If you thought bitcoin wasn’t doing well as of late, just look at some of its main competitors, specifically Stellar. The currency has fallen greatly since it peaked in early 2018, but then jumped back up during today’s early morning hours – only to drop back down a few moments later.Stellar Is Flailing at Press TimeIt’s another classic case of a cryptocurrency that doesn’t seem to know what it wants to do. Bitcoin enthusiasts have been seeing this quite a bit over the past few months....
Read More »Experts Weigh In on This Week’s 10% Bitcoin Price Spike
Bitcoin price has gained this week but what's behind the move? | Source: ShutterstockThis week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday.This was also reflected by an approximate 10% gain for BTC alone; so what was behind the rise?Bitcoin price action this week | Source: TradingViewIn somewhat atypical fashion, the week started on a good note, with bitcoin swelling by $700....
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