Bitcoin falls to $45K in sequel to 20% BTC price crash
A failed rebound above $50,000 looks to flip the level back to resistance as $47,000 becomes a new price focus. Bitcoin (BTC) extended its losses on Feb. 23 as selling pressure took markets below $47,000 for the first time in over a week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewFresh dive takes BTC/USD to 8-day lowsData from Cointelegraph Markets and TradingView painted a gloomy picture for bulls on Tuesday as BTC/USD hit lows of $45,000 on Bitstamp. The losses reverse a rebound that halted Monday's 20% price crash from all-time highs near $58,000. Bitcoin bounced at....
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The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new analysis on X (formerly Twitter) on the Bitcoin price that paints a rather bearish picture for the pioneer cryptocurrency.....
The Bitcoin and crypto market crash has completely eroded positive sentiment as bears have now gained control of the entire market. Over the last month, the Fear & Greed Index has been on a steady decline, falling to new yearly lows in the process. With the Bitcoin price falling to the $53,000 level last week, […]
The Bitcoin crash of last week was a brutal one for the market. It saw the digital asset lose its footing from where it had been trending just below $30,000 to crash to the mid $17,000s before a recovery had begun. With the new week, the market had started to emerge into the green. But as bitcoin struggles to hold above $20,000, the question remains what had triggered such a crash. A Short Squeeze The bitcoin open interest in perps had been up over the last couple of weeks. This has continued to be the case through the market crash and the subsequent recovery. However, the open interest....
Comment added from Zane Tackett, BitFinex's director of community and product development. Bitcoin's price fell 14% in a period of just 30 minutes following a 'flash crash' on exchange Bitfinex yesterday night. The CoinDesk Bitcoin Price Index had been holding steady between $250 and $255, but dropped to a low of $214.36 just before midnight (UTC). In the same period, the Bitfinex price sunk 29% to $179.35. Bitfinex, which claims to be the most liquid exchange in the world, told CoinDesk the 'flash crash' was triggered when several leveraged positions were forcibly closed in close....
Mt. Gox crashed through $200 around 16h00 (JST) after hovering at $250 overnight. An announcement from the exchange has been expected to come out today and it seems the waiting has caused jitters in the market and prompted a devastating sell-off below support. Updates have moved to this post: Mt. Gox Crash - blow-by-blow. Update: 19h05 Tokyo time: An underwhelming announcement by Mt. Gox says nothing about witdrawals at all - instead the company announces that it has employed additional staff to help process customer account verification requests. Update: 18h21 Tokyo time - still no....