Mt. Gox rumors panic Bitcoin Twitter as BTC price returns below $20K
Claims that 137,000 BTC are about to be offloaded on the open market are met with intense suspicion as BTC price volatility returns. Bitcoin (BTC) failed to keep $20,000 support on Aug. 27 as fears over a sell-off by users of defunct exchange Mt. Gox added to price pressures.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewMt. Gox rumors dismissed as "typical crypto"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed to new six-week lows, reaching $19,766 on Bitstamp.Thin weekend liquidity appeared to exacerbate already jittery markets, which reacted....
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Bitcoin has undergone a healthy rise over the last few weeks. Spiking to about $745, many questioned whether the digital currency was on the verge of hitting the $800 mark, which seemed relatively likely at the time considering bitcoin’s ongoing ascension. Sadly, things didn’t quite turn out that way. Following rumors of newfound bitcoin regulation in China, the price ultimately fell to around $705 at press time, causing many investors and crypto-enthusiasts to panic. The price is now beginning what appears to be another gradual jump to the top, currently sitting at the $709 mark, but a....
Bitcoin value in USD took a nosedive over the first couple weeks of 2015. The price dipped well under US$200 earlier this week but is back over that mark at the time of writing. The catalyst is unclear, but many big events could have contributed to the spiraling price: Bitstamp's temporary closure, the pause on CEX.io cloud mining, and Russia's crusade against Bitcoin websites. Additionally, others noted that Ethereum has been selling off their bitcoins and there are also rumors swirling that investor giants have been selling off in the run up to the Winklevoss ETF IPO. The typical....
Have you noticed a trend lately? It seems like every number of days, some "news" comes from China regarding a ban of some sort. If not outright, then the discussion surrounds banks and other financial institutions from being barred from bitcoin dealings. And every single time there's panic. And what happens when there's panic? The price drops. Someone makes a lot of money. I received an email this morning from a reader asking why I haven't covered this latest news coming from China. Apparently, these "talks" between the People's Bank of China and financial institutions are getting serious.....
The crypto community is currently buzzing with excitement and curiosity following rumors of Robinhood potentially listing XRP. These rumors come as the XRP price falls to pre-judgment levels, sparking hope that it could trigger a reversal. XRP Rumors Has Crypto Twitter In A Frenzy Rumor has it that an anonymous insider has confirmed the potential listing of XRP, the native token of Ripple, on Robinhood, an American financial trading platform, before the end of 2023. The rumor was started on August 22 by a crypto user on X (formerly Twitter) who goes by the username @25hoursawake. The....