Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Conside...
The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed enormous value on Thursday, November 26, 2020. The entire market cap of all 7,700+ digital assets has lost over 5% in value and rests just below the $500 billion mark. ($498B) BTC prices touched a high on Wednesday evening at $19,319 per unit and slid to a....
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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....
The broader crypto market is once again taking a heavy beating as Bitcoin, Ethereum and their fellow digital currencies are painting their charts in red. Bitcoin was hit the hardest this time as its price correction led to a fall below the $20K marker. According to tracking from Coingecko, at the time of writing, BTC […]
The volatility of Bitcoin price has always been a hot topic in crypto, as BTC fluctuates rapidly because of various factors such as regulatory changes and market sentiments. As Bitcoin continues to gain mainstream adoption, the anticipation for its next move is at an all-time high. Bitcoin enthusiasts and investors alike are eagerly anticipating the next move of the world’s most popular cryptocurrency, as it stands at a critical crossroad. While the long-term outlook for Bitcoin’s price remains bullish, the short-term trend is yet to be determined, leaving many wondering if....
A number of crypto-asset markets saw significant gains on Saturday, as a myriad of digital assets spiked between 4-40% in value during the last 24 hours. The entire crypto market capitalization had risen above $540 billion, as top-ten coin values from the likes of bitcoin cash, cardano and XRP jumped massively in value. On Saturday, November 21, 2020, the overall market valuation of all 7,000+ crypto-assets in existence is around $520 to $540 billion. At the time of publication, there’s also around $20 to $32 billion in global trade volume as well. The top digital currency in terms....
Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this is the second-highest traded volumes figure ever recorded. Prior to the bears taking over, BTC had gone on an extended bull run and during the run up, many analysts predicted the digital asset would at least breach the $20,000 mark. However,....