XRP Pump Fails to Materialize as Price Crashes 40% From Day’s High
The hefty drop comes despite a community buying effort scheduled for this morning.
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Data shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time high. Bitcoin Mining Hashrate Surges To New All-Time High As Price Crashes According to the latest weekly report from Arcane Research, the BTC miners’ revenues continue to suffer as price crashes and competition becomes all-time […]
After an evening of perusing the internets a post on reddit stuck out to me. “Bitcoin is being manipulated like other alt-coins” . The writer, mitchr4, goes on to explain that he is or has been an alt-coin trader for a while and has seen certain pump-and-dump patters emerge in the alt-coin industry. mitchr4 goes on draw parallels between the recent price spikes and downturns in the bitcoin market and the pump-and-dump nature of altcoins. mitchr4 goes on to explain how the pump and dump scheme works in bitcoin….
BTC prices continue to trend downwards as prices remain bearish, with price trading on critical support. BTC trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of BTC needs to break and hold above the key resistance of $20,500 to initiate recovery signs for the price. The price of Bitcoin (BTC) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $20,500 against tether (USDT). Bitcoin (BTC) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market....
The current market crash is no doubt one of the hardest to hit in recent times. Bitcoin as well as other digital assets have suffered massive dips as a result of the crash. For Bitcoin, the pioneer cryptocurrency has had more than 50% of its all-time high shaved off in the last two months. This has caused it to hit new six-month lows as its price crashes to $33,000 for the first time since the summer. Market sentiment has since nosedived in accordance with the movement of the market. As investors become increasingly wary of the market, more so than it was during the crash in May, sentiment....
Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would “perfect” a buy setup that could initiate a pump and dump fractal from years ago. The pump and dump would be designed to further confuse […]