Bitcoin Trading: Frustrated Sell-Off
Bitcoin trading saw the bulls make a second unsuccessful attempt on the $380 and 2480 CNY level today. Frustrated, the market sold off to support at $355 and 2300 CNY. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and Price Analysis. Time of analysis: 14h30 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price was sold off and found support at the level of the previous consolidation that acted as spring-board for the attack on....
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Bitcoin price took a $12 plunge today as the market became exhausted with the lack of upside progress. The bears saw their opportunity, and a mini sell-off in the style of the previous decline ensued. Support near $230 halted the decline. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 16h06 UTC. Bitfinex 15-Minute Chart. The trickle of buy orders was failing to make progress above $247 and on the last failed attempt, today, the sellers were apparently joined by the frustrated majority and a rapid....
There have been multiple sell-off trends recorded in bitcoin since the crash in December 2021. These sell-offs have been responsible for the decline in prices recorded in the digital asset over the last couple of months. Naturally, sell-off trends can be recorded on their magnitude depending on when the trading hours of a particular region are open. This time around, it seems that macro pressure on the U.S. market has been the culprit. U.S. Traders Drive Sell-Offs The sell-offs of the past two months have been especially brutal and have dragged down the year-to-date values. However, it....
OKEx will compensate those users who have been frustrated by its suspension on withdrawal service.
Increasing financial corruption and a weakening currency pushes people to try alternative financial systems like Bitcoin. No wonder that Bitcoin is thriving in Malaysia. 1MDB – Malaysia's Brush with High Level Corruption. 1Malaysia Development Bhd, or 1MDB as it is popularly known, is a state investment vehicle set up in 2009 to turn Kuala Lampur into a global financial hub. It started to run into problems in 2015 and has missed repayments on its debt obligations this year. More than 10 countries across the world (including US, Switzerland and Singapore) have opened investigations into its....
Bitcoin ATM Disappointment. A reader of my articles and CCN contacted me about his experience with a the Bitcoin ATM Robocoin at the D in Las Vegas recently. He was upset not only to it being difficult to use, but the fees were very high as well. High fees are one thing that people who use Bitcoin and cryptocurrencies want to get away from having to pay just to make a transaction. The clunky interface and difficulty to make a transaction it can and does leave many users frustrated and to people new to Bitcoin afraid to try it even as the ATM does not work as smoothly as the ones they are....