Tag: Bloodbath

Here’s the Crucial Level That May Spark Bitcoin’s Next Bloodbath Decline

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Bitcoin has been caught in the throes of an intense bout of sideways trading for the past few weeks, with attempts to break above or below the upper-$11,000 region proving to be highly fleeting. Earlier this week, the benchmark cryptocurrency rallied as high as $12,400 before it lost its momentum, with its price subsequently plunging to lows of $11,600. The support at this level has held strong in the time since, with this decline kicking off another bout of consolidation. Although in the short-term it remains somewhat unclear as to…

Japanese Investors Rushed To Buy The Dip After Bitcoin Bloodbath

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The number of retail investors registering for an account with Japanese cryptocurrency exchange bitbank spiked by 40% in the week after the Bitcoin bloodbath.  The March 12 meltdown saw the price of Bitcoin (BTC) drop to a new 2020 low at $3,775. An official blog post by bitbank market analyst Yuya Hasegawa reveals that Bitcoin trade volume and account registrations both saw a significant surge in the wake of the crash. Even the number of users going through KYC was above average on the day of the BTC downturn and…

Stablecoins Gain Market Share Amid Crypto Bloodbath

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While most cryptocurrencies have seen their market capitalization slashed over the past month, the market meltdown has seen stablecoins ascend the market cap rankings.  As of press time, six stablecoins currently reside among the top 50 crypto assets by capitalization. USDT ranks fourth  The largest-stablecoin by capitalization, Tether (USDT), currently ranks as the fourth-largest cryptocurrency with a market cap of $4.66 billion. Despite the total USDT market cap growing by just 0.5% in four weeks, Tether has crept up the ladder since ranking seventh by capitalization on Feb. 15.  However,…

How to Survive The Crypto Bloodbath: Market Expert Take

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Bitcoin just suffered a 40% price crash while global markets were shaken at their core by the Coronavirus pandemic. Chief market analyst Naeem Aslam and veteran trader Charlie Burton told Cointelegraph what sense they make of this bloodbath and their strategies to survive it.  Why did Bitcoin fall with the rest of the markets?  Naeem Aslam explained the Bitcoin plunge as a direct consequence of the equity market crumbling amidst Coronavirus-driven panic and what it means for investors:  “They have no other option but to liquidate some of their positions…

Sub-$7000 Bitcoin Price Bloodbath Could Spiral Near $4,000, Warns Analyst

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Peter Schiff believes bitcoin is breaking out of a bearish formation and is heading to $1,000. A renowned technical analyst thinks that such a bearish pattern could, instead, take BTC to $4,000, if validated. Several technical indicators add credibility to a further drop, but there is still a chance for a rebound. On Oct. 19, the veteran gold bug and longtime crypto critic Peter Schiff entertained the idea that a head-and-shoulders pattern was developing on bitcoin’s 1-day chart. He said that if this technical pattern was validated, BTC could drop…

Friday Shows Bloodbath for Crypto Markets, Bitcoin Price At $7,300

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Friday, Nov. 22 — Cryptocurrency prices are bleeding heavily, with some of the top-20 coins showing losses of close to 10% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) started the day just above the $7,600 price mark, when it suddenly started on another sell-off towards the $7,000 price level. The coin bounced off a local low of $6,800 in recent hours, before moving up to its current trading price at $7,300, showing a loss of close to 4% on the day. The world’s largest cryptocurrency is…

Crypto Market & Bitcoin Bloodbath Not Over Yet: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap declined heavily and tested the $200.0B support (yesterday’s target). Bitcoin price is down more than 6% and it is approaching the long awaited $7,400 bearish target. Binance coin (BNB) price is down around 5% and it is now trading well below $17.50. Litecoin (LTC) price is under a lot of pressure and struggling to hold the $50.00 support area. BCH price is extending losses and it is trading near the $220 support area. Tron (TRX) price is down and out, with a major support near…

Bitcoin Price Tanks Below $8000 in Another Market Bloodbath

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Bitcoin price fails to hold the $8000 level support and slips below as the mounting selling pressure hint towards further downside ahead in the short term. Over the last one week, Bitcoin price has lost 20% of its valuation with its price going from above $10,000 to now below $8000 levels. The BTC price is down 3.55 in the last 24 hours making a low of $7836 according to CoinMarketCap. At press time, Bitcoin is trading at $7904 levels with a market $142 billion. In the last one week, Bitcoin…

Tuesday Shows Bloodbath for Altcoins, Up to 34% Losses on Top-20 coins

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Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day. Cryptocurrency market daily overview. Source: Coin360 The last few hours have been nothing but pain for the entire crypto market. Major coins are experiencing double-digit losses, with Bitcoin SV (BSV) taking the not-so-desirable lead with a massive hit of more than 34% on the day. The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy…

Trader Fears Bitcoin Price Crash as Crypto Bloodbath Continues

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Bitcoin and the wider crypto market are taking an absolute beating on Thursday. | Source: Shutterstock Following an abrupt drop from $10,277 to $9,700 in the bitcoin price on August 28, the dominant crypto asset has continued to demonstrate weakness in its short term trend. The bitcoin price has dropped by more than $1,000 in the past three days (source: coinmarketcap.com) In the past 12 hours, the bitcoin price has declined from $9,750 to $9,320 across major crypto exchanges including Bitstamp and BitMEX. Alternative crypto assets in the likes of…