Bitcoin Just Recovered to $35,000 After Yesterday’s 25% Crash
Bitcoin is ripping higher despite yesterday’s correction. The cryptocurrency plunged as low as $30,000 yesterday as buying selling rapidly picked up on platforms such as Coinbase, analysts said. This came after Bitcoin peaked at $42,000 late last week. While Bitcoin is not yet in the clear on a short-term time frame, analysts are starting to […]
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Bitcoin has now seen declining prices following the El Salvador Bitcoin law. The flash crash that had cleared at least $400 billion off the crypto total market cap has left lingering effects on the price of the digital asset. The price had plunged from $50,000 to $42,000 in less than an hour, leading to an 18% loss in about 30 minutes. While bitcoin has since recovered from its lows from the crash, the asset has not been able to recover to previous levels before the crash. Though the crash had affected most of the market, mid-cap coins have recovered the most from this. The Mid Caps Index....
Ethereum price traded sharply lower yesterday against the USD and BTC, but later found support and recovered a lot to set a positive tone. Key Highlights. ETH price nosedived yesterday against the US Dollar and Bitcoin, and later bounced back sharply. Yesterday’s highlighted two bearish trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD were broken to ignite gains. The price recovered sharply, which is a positive sign, and may boost the ETH in the short term. Ethereum Price Recovery. ETH price was under a lot of bearish pressure against the US Dollar, which ignited a sharp....
Ethereum price spiked down to complete a downside thrust against the US Dollar. Can it recover or will it continue to trade down? Key Highlights. Ethereum price collapsed against the US Dollar and even created a new low below $11.00 (as per Kraken data feed). Yesterday’s bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect resistance and pushed the price down. The price after trading below $11.00 recovered well and currently above the $11.20 support area. Ethereum Price Resistance. Ethereum price continued to move down versus the US Dollar, as the....
Bitcoin price has recovered from sell-off lows at $434 and 2800 CNY today. Can the market bounce price through resistance and continue to new highs? Or has yesterday’s lack of commitment at a critical moment cut bitcoin’s price wings? Yesterday’s sell-off caught most bitcoin traders off-guard as the evident course of events was for price to consolidate into the Fed announcement and to then take direction based on the FOMC statement’s content with its major global economic impact. That the bitcoin market fell into a sell-off prior to the event seems strange, but talk about irrationality or....
Bitcoin has seen some wild price action throughout the past few days, with the crypto seeing a “pump and dump” rally that led it to $39,000 before it plummeted to $32,000 This price action shows that there’s a significant number of bears looking to fade BTC’s price action at the moment It has recovered from its lows and is not showing any signs of wanting to collapse much lower, but its price action has been […]