Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could ...
Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across stock markets on Monday morning, as equities have significantly decreased in value. Crypto Markets Follow Monday’s Stock Market Rout, Entire Crypto Market Cap Sheds Over 3% Bitcoin dropped to a low of $30,400 on July 19, losing approximately 8.64% during the last week as....
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Recently, bitcoin’s price grew more than 50 percent in less than a month before taking a dip. What goes up comes down, how does the rally affect the bitcoin ecosystem? Bitcoin.com asked Spencer Bogart, Equity Research analyst at Needham & Company, his opinion on the recent bitcoin rally. Bitcoin’s Rally Likely Means More Upside. Analyst Spencer....
BTC spot price action looks gloomy on Monday, but as traders, analysts and more note, there are practically no reasons to be bearish on Bitcoin. Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What's next?Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery.The weekend produced little by way of a paradigm shift, and now, downside volatility is firmly in place. With BTC/USD down 13% in a week, Cointelegraph takes a look at five things that may....
The price of Bitcoin dropped below $16,400 on the day following a massive short-term correction. On-chain analyst Willy Woo attributed the pullback to an overheated bull run. Before the pullback happened, the Bitcoin derivatives market showed signs of extreme buyer demand. The market was dominated by buyers and long contract holders, leaving BTC vulnerable to […]
Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open. Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies to fall alongside Bitcoin, resulting in Bitcoin's market dominance rising as a result. But will history repeat and produce a dull, corrective March?....
As alerted in an update following publication of yesterday's analysis, bearish pressure has pulled the Bitcoin price into a deeper correction. The advance is on hold pending ongoing price correction. Most markets including Gold and equities are engaged in sudden counter-trend price movement - a condition that seems temporary. Note: a new BitFinex Bitcoin price chart and trade metrics are now available via CCN. Global Economy. Bitcoin Price Correction. Summary. Comments. Global Economy. Many strong reversals are evident across the board in the past 48 hours. The Gold price dropped to $1,227....