Bitcoin price heads under $36K as three-day losses near 12%
More pain for both crypto and stocks on May 6 as traders see no hint of a relief rally coming so far. Bitcoin (BTC) fell further on the May 6 Wall Street open amid a warning that the U.S. equities sell-off was "not over."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNovogratz: "We are not going to get a soft landing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,268 on Bitstamp, bringing three-day losses alone to 11.9%.U.S. stocks, which had a seen a bloody May 5, were in no mood for a relief rally as the S&P 500 and Nasdaq 100 fell another 1%....
Related News
It’s time for a new show. In TALKING HEADS, we will ask the experts about the cryptoverse’s overarching themes and latest news. It’s that simple. And, since we’re starting on Bitcoin Day, the first TALKING HEADS has to be about El Salvador adopting Bitcoin as legal tender. However, we’re going to flip the narrative on […]
Bitcoin price is struggling to get back above $60,000 currently, but bears thus far have been unable to swat price action away from local highs. The push and pull between the two opposing market forces have resulted in a bearish price pattern potentially forming, that anyone paying attention to cryptocurrency might want a heads up […]
It’s time to find out what the protagonists have to say. In TALKING HEADS, Bitcoinist will ask the experts about the cryptoverse’s overarching themes and latest news. This time, we have an all-star cast that’s as diverse as the times we’re living in. Prepare to have your mind electrified by these talking heads’ ideas and […]
Believe it or not, the Proof-Of-Stake Ethereum is a reality. Those crazy kids really did it. To celebrate the achievement, Bitcoinist turns the mic to the captains of the industry. It’s time for the TALKING HEADS to discuss one of cryptocurrencies’ most important news of the year. This time, we kept the question vague and […]
Since the market shakedown caused by the US and China tariff frenzy, Bitcoin is still battling with volatility as its price loses the $110,000 price target again after a short upward move on Sunday. With BTC’s price experiencing bearish performance, investors, especially short-term BTC holders, are seeing notable losses in their positions. Realized Losses Mount […]