Bitcoin And Ethereum Bleed 10% In Violent Crypto Market Shakeout
Ethereum reached highs over $4,000 today and Bitcoin made another attempt at over $59,000. Within a two-hour window, more than 10% of recent gains were wiped out sending Ether back below the key level and Bitcoin tumbling lower. Is this a sign of a reversal in the making, or are these powerfully trending assets simply […]
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Bitcoin price exploded yesterday, sending altcoins reeling. Today, however, alts have recovered but still haven’t caught up to the top cryptocurrency. One crypto analyst, comparing past market cycles, believes that altcoins are going to “tank” against Bitcoin, taking them to the maximum point of financial opportunity. After the violent shakeout last time around, altcoins rocketed […]
Algorithmic currency protocol OlympusDAO (OHM) has been outperforming Bitcoin and Ethereum despite the recent downtrend. In the 7-day and 30-day charts, OHM records a 38% and 126% profit, respectively. A report published by Delphi Digital concludes that OHM has been displaying countercyclical behavior. As reported by NewsBTC back in April, this protocol took the market […]
Over the weekend, altcoins began to pull back after an enormous market-wide rally, starting with Ethereum. And while the market looked to be turning bearish, news of a massive Bitcoin buy made by auto manufacturer Tesla set the crypto market on fire. On Bitcoin pairs, altcoins began to hemorrhage across the board. But according to […]
Bitcoin price has shed 10% in a single day in an increasingly dangerous macro climate. Although the ultra-scarce cryptocurrency is claimed to be a hedge against catastrophic economic events, there is no telling how the volatile asset could react when it does finally arrive. With the stock market on shaky ground and precious metals melting down further, is the top cryptocurrency and the rest its altcoin brethren about to experience a bleed out similar to Black Thursday? Or is this just a shakeout using nervous market sentiment over what ends up being a non-event? And which event are we....
The past week has been an eventful one for crypto traders, regardless of whether they were making profits or losses off the market. Over the weekend, the crypto market had seen some dramatic weekend, and as another trading week opens up, short traders have drawn the ‘short’ stick once more. Losses Reach $180 Million Over the last day, losses have ramped up in the market as the recovery trend has continued. It had first begun toward the end of last week when bitcoin had made a remarkable recovery above $20,000, pulling the rest of the crypto market up with it. Short traders had promptly....