Bitcoin En Route to $30,000 After Price Falls ~12% in a Day; Here’s Why
Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $30,000 for a potential pullback. The sell-off occurred despite a positive risk-on sentiment across the traditional markets. That prompted analysts to blame a flurry of fundamentals, ranging from the US Treasury Secretary Janet Yellen’s remarks on Bitcoin’s use for illicit purposes […]
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While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today’s move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight session. Quant (QNT) Quant (QNT) rose to a six-month high on Wednesday, despite crypto markets mostly hovering in the red. Following a low of $122.08 on Tuesday, QNT/USD rallied to a hump-day high of $143.26 earlier in the day. The move came as prices raced past a key resistance point of $133.00,....
Bitcoin Custodians Facing Liquidity Crisis As Price Falls
CPI inflation data exceeded market expectations, maintaining a near 40-year high of 8.3% as bitcoin falls below its $30,000 line of support.
Thanks to its failure to meet its debt obligations, Greece is now slapped with capital controls and no other options to move cash around apart from bitcoin. Several sites are offering bitcoin loans and investments, as banks and the stock market are closed in Greece. With this disruption in normal economic activities, Spartan Route is offering bitcoin in exchange for buying Greek exports. The site mentions that a potential exit from the euro zone could leave the country unable to sell a bulk of its products, as trade relations guarantee that most shipments are sent to other member nations.....
The XRP price has been characterized by bullish predictions throughout this month. Crypto analysts have put forward countless analyses about why the altcoin is poised for a massive rally. Another analyst has joined the ranks of the bullish, putting the XRP price as high as $250. Here’s When The XRP Price Will Get To $250 […]