XRP Crashes To $0.26 as SEC-Triggered Sell Off Swells
XRP has been slammed over recent days by news that the U.S. Securities and Exchange Commission (SEC) will be suing Ripple the company. The regulatory agency is suing the financial technology company over the sale of XRP. Ripple has denied the accusations leveled against it. As reported by NewsBTC, Ripple’s lawyers wrote: “The SEC is […]
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XRP continues to lag behind the rest of the market after a short-lived glimmer of hope brought prices to current levels in late July. And while crypto analysts expect the fourth-ranked cryptocurrency to outperform Bitcoin and Ethereum eventually, a sell setup has triggered on daily timeframes that could send Ripple ripping lower. TD 9 Sell […]
The decentralized finance (DeFi) market has taken a massive hit with the recent crypto market downtrend. The space which had been the breakout star of 2021 had quickly begun losing all of the value accrued during the bull market. This has been a result of major events that have triggered the various crashes. In the […]
Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June futures are swapping for $30k. Crypto derivatives have been hot in 2020, as demand has skyrocketed on various trading platforms this year. At the end of November, CME Group outpaced the competition and became the world’s largest bitcoin....
The Bitcoin price has been in decline for almost 10 months. The protracted decline had crashed in stages, accompanied by various news events and pivoting around the $500 price level and crossing over it several times during the past year. Analysis below discusses the reasons for the decline, as well as the factors that are popularly believed to have caused the successive price crashes. Future scenarios are considered, including Bitcoin price forecasts. Blame It On China. Consensus has it that warnings and restrictions issued by authorities in China, on 5 December 2013, had caused (or....
Bitcoin has historically seen its price down from previous highs for more than three years, and the latest peak took place just seven months ago. Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021.June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years.However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact,....