Here’s Why The Bitcoin Price Is Crashing Today
Crypto analysts Nik and Doctor Profit have provided insights into why the Bitcoin price is crashing today. The flagship crypto has again dropped below the psychological $90,000 level, sparking bearish sentiments among market participants. Why The Bitcoin Price Is Crashing Today In an X post, Nik remarked that the Bitcoin price didn’t dump because of bad news but because the “clock flipped.” He noted that a large number of algos sold off at the same time with the daily close, and also considering that it is a new week and a new month. The analyst added that it is not traders making....
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With the Bitcoin price falling below $110,000 and the crash continuing to deepen, some revelations have surfaced about why this is happening at this time. Fingers had initially pointed to the bearish macro headwinds as the crypto market got caught in the crosshairs. However, on-chain data shows that it may be much simpler than that, […]
The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China. Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while....
Bitfinex, one of the biggest bitcoin exchanges, went down for the second time within a day today at 10AM London time for four hours following “network issues” within Bitfinex’s datacentres according to Zane Tackett, Director of Community and Product Development. The unexpected suspension of trading sent price crashing last night to $700 from almost $780. Bitcoin’s price continued to fall as low as $650 today before slightly recovering. In responding to our question of whether this was a hack, bitfinex stated in a public tweet “No, not in any way.” In response to our question on whether....