The Bitcoin Price is Crumbling - Why?
The Bitcoin price continues the downward trend with hitting an all time low since mid June 2014 with 550 USD per Bitcoin. Two days ago our author Venzen Khaosan posted a Bitcoin price analysis that could help explain why the price is falling the way it does now. Beyond the below factors which are always driving down the price, one large event that may be triggering this price drop is the sale of Ethereum's bitcoins. The Technical Bitcoin Traders. As Venzen's article explain: At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside....
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Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to data from Coinglass.Ether/USD 12-hour price at Kraken. Source: TradingViewThe worsening market conditions were also reflected in digital asset investment products. According to the latest edition of CoinShare's weekly Digital....