Bitcoin price now eyeing $20K after XRP shocked the crypto market
Bitcoin reached $19,000 quickly after it plunged to $18,000 following an XRP flash crash on Coinbase. The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market.The two incidents could be entirely coincidental. Although considering that BTC price surged almost immediately after the XRP drop, there could be a correlation.BTC/USDT 4-hour chart (Binance). Source: TradingView.comHow XRP’s price rally could have triggered Bitcoin to new highsAs Cointelegraph reported on Nov. 24,....
Related News
Bitcoin price is still below $40,000, after just weeks ago trading at over $64,000 per coin. The selloff shocked market participants of all sizes, prompting fears that the bull market is now over and a bear phase is next. A trader who predicted this recent collapse months in advance using high timeframe technical analysis, now […]
Dogecoin is up 50% in the past 24 hours, making it the best-performing crypto asset of the top 100 by market capitalization. DOGE is seeing strong volume figures on this rally: per CoinGecko, there has been over $700 million worth of the cryptocurrency traded over the past day. Dogecoin’s rally has shocked many investors. Just […]
Bitcoin plays shorters for fools as a surge to $30,950 liquidates a huge number of risky positions. Bitcoin (BTC) passing $30,000 and hitting highs of near $31,000 has caused huge pain for traders betting on a bearish pullback.Cryptocurrency market overview. Source: Coin360Data from Cointelegraph Markets, Cryptometer and TradingView confirmed that as BTC/USD peaked at $30,960 on Jan. 2, it liquidated $100 million of shorts.BTC shorters feel the burn... againAmid highly volatile conditions, Bitcoin attempted to crack $30,000 several times on New Year's Day and overnight before finally....
Chia, a cryptocurrency project created in 2018 that uses storage for its consensus, is eyeing a public offering this year, according to statements from its COO, Gene Hoffman. The company just received an influx of investments that are pointing it to become the next ‘green bitcoin substitute,’ due to its relatively low energy consumption compared to other proof-of-work (PoW) alternatives. Chia Aims to Launch an IPO This Year Chia, a cryptocurrency that was founded two years ago but launched its mainnet recently, is striving to launch an initial public offering (IPO) as soon as....
Crypto.com has been on a marketing rampage lately and has shown no signs of slowing down. The project had shocked the market when it had acquired Staples Center in a deal that saw the legendary arena change its name to Crypto.com Arena. The wave of marketing has paid off so far given how well its […]