Bitcoin Plunges $600 in 6 Minutes, Then Bounces Amid Price Surge

Bitcoin Plunges $600 in 6 Minutes, Then Bounces Amid Price Surge

Bitcoin has seen an absurd amount of intraday volatility over the past day amid the best price action in many months. The coin currently trades for $12,900, a few hundred dollars shy of the daily and year-to-date high set just minutes ago at $13,250. Bitcoin plunged as low as $12,600 on futures platforms during that […]


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Bitcoin Plunges 8% to $30,500 Amid Rapid Weekend Price Action

After peaking at $33,350 earlier today, Bitcoin plunged as low as $30,000 on leading exchanges just minutes ago. Yet in spite of this rapid sell-off, buyers have stepped in to buy the dip. BTC now trades for $31,300 and is up in excess of 7.5% in the past 24 hours. Altcoins, such as Ethereum, remain […]

Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions

A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush to Withdraw Cash as Sanctions Intensify The Russian ruble nosedived 30% to a record low against the U.S. dollar Monday morning, falling as far as 119.50 per dollar from Friday’s close as offshore trading started in the morning during Asia hours. Russia’s biggest....

Bitcoin Price Rockets Past $462: $500 Next?

After opening at US$400 per coin 12 hours ago, the price of bitcoin has peaked US$462, recording a 13.44% increase in a single day. Chinese bitcoin exchanges and major international bitcoin exchanges including Huobi and OKCoin are unable to provide answers to the recent surge in bitcoin price and market cap. However, based on the rising trend of the digital currency and its rapidly increasing market cap, financial experts expect the bitcoin price to head towards US$500 in the upcoming minutes. Amid the 13.44% surge, the bitcoin market cap has surpassed US$6.61 billion, recording a 24hr....

Bitcoin Price Hovering After Mini-Surge

Bitcoin price pushed to $392 (Bitstamp) and, today, attempted the high again but failed. Once again in tandem with gold, bitcoin price fell away from the high and now approaches support. Will it break or will it bounce? Watch the bitcoin chart in the coming hours to see whether or not price finds support and bounces higher. A surge into an advancing trend was expected – and all the indications were confirmatory – but the irregular base wave formation leaves such an outlook in doubt. The price pattern of the current push higher does not differ from previous corrective waves to the upside.....

Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Ove...

The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira Plunges Cryptocurrency trades in inflation-stricken Turkey have surged to above one million per day for the first time since March, a Reuters report citing Chainalysis and Kaiko data has said. According to the report, the return to over a million trades per day has come at a time when....