Why Bitcoin is falling, and will rise again
Why Bitcoin is Falling. The Bitcoin price has taken a heavy hit today. Without any real big events that can explain the sudden Bitcoin-price drop of more than 15%, we will still try and give you a few pointers that may have caused the shift. The Bitcoin value rose from being stable around 150 USD per Bitcoin this summer, to more than 1200 USD per Bitcoin within just a few months. The largest increase happened during October and November. This "pump" or "hype" (I would rather see a more sustainable price growth - not a hockey stick) was mainly caused by BTC China and the expanding interest....
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Cardano may not be a top gainer in the crypto market but that does not mean that it has fallen behind. During the altcoin rally, the price of Cardano’s native coin ADA has gone from a low of $0.25 to a high of almost $0.4 before correcting back downwards. This positive trend has been preserved even through the crypto market dip and it seems that there is only one thing in the way of Cardano’s rise to a new yearly high. Falling Wedge Pattern Holds Back Cardano According to a crypto analyst on the TradingView website, the one thing that is holding back the Cardano price from mounting a....
Peercoin is often called the third cryptocurrency after Bitcoin and Litecoin. It even reaches $7 per coin sometimes. But along with that it has also fallen to $0.40 and below often, but has always found power to rise again. The PoS technology forever changed the cryptocurrency market, though Peercoin (PPC) has already quitted the stage. It is the fifth year of existence of this cryptocurrency which originates since the August, 2012. At the beginning of April, 2014 this coin appeared on the exchanges with an initial price of $0.38 - $0.42. Then Peercoin began falling and many were happy to....
Yes, Elon Musk's Twitter acquisition is one of them. At least three market catalysts show that Dogecoin (DOGE) could climb by at least 50% by the end of Q3/2022.Falling wedge breakout in playDogecoin has been painting a "falling wedge" pattern on its longer-timeframe charts since May 2021, hinting at potential for a bullish reversal in the coming months.Falling Wedges appear when the price trends lower inside a range defined by two descending, converging trendlines. Their occurrence coincides with declining trade volumes, suggesting that trading activity slowed down due to the narrowing....
Despite unprecedented intervention by Chinese authorities last Thursday by, according to speculation, ordering its banks to limit liquidity of CNY in offshore markets, sending the borrowing rate for shorting higher than 100%, causing the biggest one-day move in years and crashing bitcoin’s rally, the market appears to be unimpressed. As expected, Yuan’s value kept falling today, deprecating by 0.25% against the dollar, with the currency seemingly continuing to eye the significant psychological threshold of 7 CNY. Yuan Keep Falling, Seemingly Eyeing 7CNY. Interestingly, bitcoin has failed....
If you check in on the current status of crypto investors, they will tell you the sky is falling, and they are in a state of panic. Meanwhile, traders who rely on leverage trading solutions from PrimeXBT during a falling market are profitable and have a well-positioned portfolio designed to withstand the macro-environment ahead. Here […]