Bitcoin Price Collapses: What Now?
Late yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we were watching throughout the Asian session on Wednesday evening, and suggested how we would respond to price reaching these levels as far as getting in according to our intraday bitcoin price watch strategy was concerned. Now action has matured overnight, what are the levels that we are keeping an eye on in the bitcoin price today, and is there further profit to be drawn from either our intraday breakout strategy or our scalping strategy or an intra-range method?....
Related News
Bruce Fenton, founder of Bitcoin Foundation, adds his voice to the ubiquitous claims that OneCoin is a Ponzi scheme and its perpetrators should be arrested. In an interview given to Cointelegraph he explains why. Allegations of scam have reached its fever pitch after OneCoin claimed to have successfully launched and transferred old coins to a new Blockchain at an event in Bangkok. It appears the company’s claims are unsubstantiated. Cointelegraph spoke with Bruce Fenton about the situation: Cointelegraph: A couple of days ago OneCoin claimed to have successfully switched on their new....
The man who was at the helm of the company behind what’s become known as Greece’s first cryptocurrency has allegedly caused the coin’s price to sink as he disappeared this month. The executive was off the radar for about two weeks before finally telling the press he will soon return, rejecting accusations he has crashed the market of the crypto. Hellenic Coin Plummets Amid Crypto Investors’ Worries About Whereabouts of Coin’s Creator Vangelis Tsapas, someone with various business interests and a sponsor of a basketball team in Greece, upset investors in....
The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, according to crypto market aggregation sites and even the official website safedollar.fi. The website shows the price per SDO is zero and members of the algorithmic defi stablecoin....
As Evergrande collapses, China is close to becoming a high-yield borrower. In this debt spiral, bitcoin is the best hedge for investors.
As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.