Drop In Value And the Current Speculation
Margin Trading Was The Cause? Some theorize there are whales (people with large enough funds that they can make the market shift noticeably) who are pushing (selling lots of Bitcoins) through margin calls. Margin calls is an element of margin trading. A margin trader can deposit funds in a specified account with a related business - in this scenario,....
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The king of cryptocurrency is suffering another meltdown at a 3.3% drop in just 24 hours. Bitcoin is currently trading at around $38,210 which is the lowest so far since March of this year when US President Joe Biden signed an executive order on crypto regulations. Although the BTC price went up at $40,800 on Tuesday, it slid momentarily afterward. Suggested Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike Amazon Denies Speculation About Accepting BTC Payments Amazon’s retraction against the mass speculation that the retail giant will be....
There has been a great deal of speculation in the Bitcoin community about the sinking prices of Bitcoin and what its causes. There are people saying that margin trading is the culprit while others are putting the blame on mining difficulty or large corporations accepting Bitcoin and then converting it immediately for fiat currency. Because Bitcoin has the same traits as both money and commodities, CoinTelegraph decided to ask an expert on the subject of money, Edmund Moy, former Director of the United States Mint. Moy was in charge of the Mint for several years during the Bush....
Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price. These speculations have led to theories […]
The bitcoin block reward is set to fall from 25 bitcoins to 12.5 bitcoins in just a few hours. The event, which happens roughly every four years, represents a major shift in the mining landscape, and speculation has swirled about what impact the reward drop will have on the bitcoin mining ecosystem. CoinDesk will be live blogging today's event, providing updates on the latest speculation and commentary. 16:40 15 Blocks to Go As of press time, the 419,985th block has been mined (processed by Bitmain's AntPool). With this block, only 15 blocks remain before the network subsidy falls from 25....
Bitcoin is currently experiencing a downward correction after the price moved past $50K on Monday. While corrections down are to be expected with such a rally, indicators point to this being a bearish scenario for bitcoin. The price looks set to drop further after this correction. This would most likely see bitcoin lost a good percentage of the gains it had made last week. Related Reading | South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys Even though bearish scenarios look negative for the market at large, this scenario is most likely going to play....