Bitcoin Price Crash: Why The Sell-Off?
The bitcoin price chart slammed down like a Stark on a Bolton, today, but readers are being encouraged to take heart from the healthy correction and well-deserved profit-taking. This is the natural behavior of markets, and after a much need pullback greater things lie ahead for the bitcoin price chart and for Bitcoin at large. Price has dropped to the lower end of the support zone (orange) discussed in yesterday’s analysis, and it looks like the sell-off has not yet hit bottom. If decline continues, then the next lower level of support is at $575 where price consolidated in early June.....
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After what looked to be a month of prosperity following the August bull run, Bitcoin has now entered into an era of increasingly bearish signals. The asset had seen a number of rallies that pushed it over two-month highs, successfully breaking above the $52K resistance range on a number of occasions. Throwing the entire market into a stretched-out period of positive sentiment. September has now come with its own unique set of problems for the digital asset. Bitcoin price has been suffering since the beginning of the month, ushered in with a flash crash that rocked the market only a week....
Shiba Inu and Dogecoin have suffered market crashes today after the Bitcoin price crash. Both of these meme coins have seen their prices fall more than 7% already, leaving investors bewildered as to what is causing the crash. All roads actually lead to Bitcoin and the massive sell-offs that have dominated the leading cryptocurrency. Bitcoin […]
On October 21st, 2021, crypto exchange Binance US experienced a Bitcoin flash crash to led BTC’s price to dropped by over 80%. The industry is maturing, but these occurrences reminiscent the times when a crypto flash was business as usual. Related Reading | Brace For Impact: Wall Street Is Headed Straight For Bitcoin, Says Analyst A report by Arcane Research deep dives into the event, starting from the time it happened on the aforementioned date at 11:34:17. At this time, as the research firm claims, a “sudden massive selling pressure cleared the order book” on the exchange. This....
Bitcoin has suffered heavy losses along with most of the crypto market following the flash crash that happened on El Salvador’s “Bitcoin Day”. The digital asset has been trying to recover from this loss since it occurred two days ago on September 7th. Part of the cause of the crash has been attributed to a “buy the rumor, sell the news” event triggered by the adoption of bitcoin by El Salvador. But the charts show another factor that led to the crash. Related Reading | Standard Chartered Takes Bullish Stand On Ethereum, Puts Price At $35,000 If anything, the official implementation of....
Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum. Traders Short DOGE Amidst Dogecoin Price Crash The Dogecoin price has crashed again, losing more than 25% of its value […]