Bitcoin price plunges below $43K in minutes in crypto market rout
An $8,000 daily loss leaves the market shaking its head on one of the most volatile days in Bitcoin since the China miner rout. Bitcoin (BTC) fell sharply as trading continued on Sept. 7 as a volatile day took BTC price action below $43,000 in one of the most volatile days of the year.BTC/USD 1-hour candle chart. Source: TradingViewWhales blamed for major BTC sell-offData from Cointelegraph Markets Pro and TradingView captured the volatility as Bitcoin suddenly lost the psychological $50,000 level.The move came just hours after analysts jointly agreed that BTC/USD must hold $50,000 in....
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Bitcoin has seen an absurd amount of intraday volatility over the past day amid the best price action in many months. The coin currently trades for $12,900, a few hundred dollars shy of the daily and year-to-date high set just minutes ago at $13,250. Bitcoin plunged as low as $12,600 on futures platforms during that […]
After peaking at $33,350 earlier today, Bitcoin plunged as low as $30,000 on leading exchanges just minutes ago. Yet in spite of this rapid sell-off, buyers have stepped in to buy the dip. BTC now trades for $31,300 and is up in excess of 7.5% in the past 24 hours. Altcoins, such as Ethereum, remain […]
Ethereum lost roughly 13.50% versus Bitcoin's 9% decline in the past 24 hours. Ethereum's native token Ether (ETH) plunged sharply hours after the U.S. Federal Reserve released the minutes of their December meeting, showing that they eye a faster timetable for hiking interest rates in 2022.The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates "sooner or at a faster pace than participants had earlier anticipated." According to the CME Group, trading in the interest-rate futures market showed a two-thirds possibility of the first increase in....
Bitcoin plunged as low as $34,500 on Bitstamp just minutes ago as buying pressure finally began to subside heading into the weekend. After peaking at $42,000 late last week, the cryptocurrency’s price action began to taper off heading into the weekend. This culminated in a strong flush lower over the past few hours that brought […]
AB Token plunged nearly 99% in a matter of minutes on Binance Alpha, then staged a partial bounce that left traders shaken. According to market trackers, the token fell from about $0.0083 to $0.0000051 in roughly two minutes, wiping out almost all of its value at the low point. Related Reading: XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead Trade data shows a rebound afterward, with prices climbing back toward $0.00151, though that still left the token more than 80% lower for the day. Binance Token Sudden Crash Shows Market Fragility Based on reports, the bloodbath unfolded....