Tag: Bloodbath

Trader Warns Bitcoin Price Dip to $8k as Bloodbath in Crypto 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…

Bitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath

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By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs. In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing. BSV Climbs While BTC Sinks It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For…

Bitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath

boss

By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs. In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing. BSV Climbs While BTC Sinks It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For…

EOS Crashes 12%, Becomes Biggest Loser in Monday’s Crypto Bloodbath

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Monday’s crypto bloodbath has weighed disproportionately heavily on EOS, as the fourth-largest cryptocurrency recorded a 12.4% drop against the US dollar – its worst one-day performance since February 24. EOS Price Headlines Crypto Market Decline As of the time of writing, the EOS-to-dollar exchange rate (EOS/USD) was trading at $3.290 on the Yahoo Finance index, up 3.94% from the intraday low. Meanwhile, the daily fluctuation pushed EOS’ market capitalization down to $2.95 billion. On Sunday, the coin’s market cap had peaked near $3.25 billion. On a 24-hour adjusted timeframe, volume…

EOS Crashes 12%, Becomes Biggest Loser in Monday’s Crypto Bloodbath

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Monday’s crypto bloodbath has weighed disproportionately heavily on EOS, as the fourth-largest cryptocurrency recorded a 12.4% drop against the US dollar – its worst one-day performance since February 24. EOS Price Headlines Crypto Market Decline As of the time of writing, the EOS-to-dollar exchange rate (EOS/USD) was trading at $3.290 on the Yahoo Finance index, up 3.94% from the intraday low. Meanwhile, the daily fluctuation pushed EOS’ market capitalization down to $2.95 billion. On Sunday, the coin’s market cap had peaked near $3.25 billion. On a 24-hour adjusted timeframe, volume…

Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”

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Crypto Market Conditions Are “Phenomenal” For Traders Diversified trader Merlin Rothfeld, an investment strategist at Online Trading Academy, recently sat down with Cheddar, an up and coming fintech media outlet, to discuss the current crypto market. The outlet, who has developed a penchant for covering the Bitcoin (BTC) ecosystem, asked the trader, as it did with its other crypto guests, about his opinions on the market. Interestingly, Rothfeld went against the crowd, claiming that the conditions in the crypto seas are “phenomenal,” alluding to the fact that BTC’s most recent tumult…

Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”

boss

Crypto Market Conditions Are “Phenomenal” For Traders Diversified trader Merlin Rothfeld, an investment strategist at Online Trading Academy, recently sat down with Cheddar, an up and coming fintech media outlet, to discuss the current crypto market. The outlet, who has developed a penchant for covering the Bitcoin (BTC) ecosystem, asked the trader, as it did with its other crypto guests, about his opinions on the market. Interestingly, Rothfeld went against the crowd, claiming that the conditions in the crypto seas are “phenomenal,” alluding to the fact that BTC’s most recent tumult…

Bloodbath in US Stock Market Likely, Bitcoin a Good Long-Term Bet

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Student loans, credit card debt, mortgage, corporate loans, and all kinds of debt are placing huge pressure on the U.S. stock market. Over the long-term, Mark Yusko believes emerging markets and Bitcoin are viable long-term bets for investors. On CNBC’s Fast Money, Morgan Creek Capital Management CEO and chief investment officer Mark Yusko expressed his concerns towards the “melting” stock market of the U.S. and warned…

Bitcoin (BTC) Bloodbath Continues in Another Red Day for Cryptocurrencies

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Barely five days after the last significant price crash, Bitcoin and the rest of the cryptocurrency market is sliding downwards once again. The top-ranked cryptocurrency is down by more than $350 in the space of only a few hours. $5,000 Bitcoin Here We Come? Bitcoin has shed more than six percent from its value on Monday despite managing to accrue slight gains over the weekend. BTC seems destined to test $5,000 and is currently at its lowest price level in 2018. The last time BTC traded in the lower $5,000…

After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum

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Thursday, Nov. 15: yesterday’s fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from CoinMarketCap. After an extended period of low price volatility, crypto markets experienced a massive decline yesterday, Nov. 14, with Bitcoin dropping from its average trading price of around $6,400 to as low as $5,506. The recent dive has marked a new volatility record for markets this year. According to BitMEX Daily Historical Bitcoin Volatility Index, Bitcoin volatility rate…