Bitcoin Price Crashes To $19,000, But Stays Strong Against Other Assets
The Bitcoin price has experience volatility over today’s trading session as the cryptocurrency rallied to the $20,000 level. Across social media platforms, some market participants celebrated the bullish price action, but they went silent as BTC stumbled back into its range. Related Reading: Bitcoin 90-Day CDD Hits All-Time Low, What Does It Say About Market? At the time of writing, the Bitcoin price trades at $18,900 with a 1% and 3% loss over the last 24 hours and 7 days, respectively. The benchmark cryptocurrency has been moving sideways trading in a range between its current levels and....
Related News
A hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more digital assets. Stella Stays’ Tilt Towards ‘Futuristic Tech Offerings’ The UAE-based hospitality brand Stella Stays now accepts cryptocurrencies via its e-commerce platform, a report has said. According to the report, the company’s guests can now pay with bitcoin, ethereum, and 35 other cryptocurrencies. Following the announcement, the company’s CEO and....
A well-known, conservative crypto analyst gave a bullish commentary about the price of Bitcoin. According to a YouTuber, further proliferation of the digital asset will cause a steady rise of BTC to a million dollars. On a YouTube video, InvestAnswers signaled that BTC is approaching diminishing returns. Diminishing return is when an asset gets to a point where increased future investment yields less profit. The crypto analyst said that BTC yields investors five times less profit every new market cycle in comparison to the previous one. Related Reading: Bitcoin Price Crashes To $19,000,....
Bitcoin no doubt had an eventful ride through the month of September. The month which usually carries promises of price dips and crashes, and overall low market momentum maintained its reputation. This led to a value loss of over 20% in the market, causing cryptocurrencies to tumble down in the market. For the majority of the market, it was a matter of holding on long enough for the month to run out. Now that September is behind us, it is time to look forward. October has historically been known to perform in the complete opposite of its predecessor. This is when assets recover their lost....
Bitcoin crashes 20% leading to blood in the streets. A bounce at $28.8k during early evening GMT was followed by a strong surge taking BTC back above $30k. The $30k-$31k zone has proven to be strong support over the past month or so. But can Bitcoin close the day above this level? Currently, market sentiment […]
Data shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time high. Bitcoin Mining Hashrate Surges To New All-Time High As Price Crashes According to the latest weekly report from Arcane Research, the BTC miners’ revenues continue to suffer as price crashes and competition becomes all-time […]