Bitcoin Price Suffers Nasty Plunge, but It’s Too Early to Panic
Some unfortunate news is in the bitcoin books. Following an outage of global digital currency exchange Bitfinex, everybody’s favorite coin has undergone quite a plunge, and is hovering around $671 USD at press time, a drop of nearly $100 in the last 48 hours. Bitcoin Price Plunges Following Bitfinex Outage. As Bitcoinist.net recently wrote: “The Bitcoin price has taken a tumble today with the Bitfinex trading outage, starting around 5 PM Eastern Time, and continuing into the night… Bitfinex is citing “server migration issues” as the source of the outage delaying their projected re-launch....
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A couple months ago I saw a new physical Bitcoin being offered that had a unique and interesting concept behind it. It's the Nasty Fans Seat coin. As you know from my previous article on the MicroSoul coin, I am a fan of physical Bitcoins especially those that break the mold. This led me to look into what Nasty Mining was all about. What I found, was a solid foundation and set of supporters, Nasty Fans who are more like partners in Nasty Mining. Nasty Mining is the project of OgNasty one of the most trusted members of the Bitcoin community. Not only does he run Nasty Mining he has a fan....
After weeks of sideways consolidation, Bitcoin suffered a nasty breakdown from its range and a 10% intraday plunge. The scenario, however, could potentially be a whats referred to as a “head fake” — that in the coming weeks reverses back to above $31,000. If not, a more sustained downtrend is also possible. Historic Bollinger Band […]
Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful. The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an attack on some wallets drained more than $8 million from Solana users. It now struggles to break above the 50 exponential moving average (EMA) on the one-hour (1H) chart. SOL Daily Chart Analysis The daily chart for SOL shows it is trading at $38.7 below the 50 & 200 exponential moving average....
Dogecoin is currently showing signs of selling pressure after shedding much of the bullish momentum it had gathered in late April and early May. Technical analysis of the Dogecoin price shows that the meme cryptocurrency is precariously hovering just above a key support level that puts it one step away from a downtrend. Crypto analyst RLinda noted this level, set at $0.214, on the TradingView platform, labeling it a retest of the panic zone. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Panic Zone Under Retest Due To Dogecoin Correction According to....
Dogecoin is currently showing signs of selling pressure after shedding much of the bullish momentum it had gathered in late April and early May. Technical analysis of the Dogecoin price shows that the meme cryptocurrency is precariously hovering just above a key support level that puts it one step away from a downtrend. Crypto analyst RLinda noted this level, set at $0.214, on the TradingView platform, labeling it a retest of the panic zone. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Panic Zone Under Retest Due To Dogecoin Correction According to....