Bitcoin Price Drops to $3,637 but Rebounds Above $5,000 within Minutes

2020-3-13 12:02

Coinspeaker
Bitcoin Price Drops to $3,637 but Rebounds Above $5,000 within Minutes

The crypto market is so volatile that incredible changes can occur within minutes. A prime example of such a leap is the leading digital currency. First, Bitcoin price drops to $3,637, but in just 30 minutes, it bounds back and jumps to $5,260. Such performance is accompanied by the downward movement of the whole market. Currently, the market capitalization is $145,912,908,673. Notably, in the last 24 hours, its minimum mark was 130 billion.

This week, Bitcoin is very unstable. On Monday, the beginning of the trading session became the worst this year. After a plunge in oil prices, Bitcoin and other cryptos’ prices dropped. Bitcoin price declined by 9.32% in 24 hours, Ethereum lost 10.48%, Litecoin dropped by 14.41%, XRP was 9.95% down. Market indexes have taken traders aback as well. Dow Jones crashed 2000 points in a single day, its biggest crash since the 2008 financial crisis. The S&P 500 and Nasdaq also dropped 7% on Monday.

Tuesday became a relief rally for the investors. Market indexes rose, tech shares also flashed a bullish signal. Cryptos recovered as well, with Bitcoin price going beyond the level of $8,000.

However, the rally did not last long, as good Tuesday was replaced by bad Wednesday. Bitcoin price sank below $8,000, Besides, early on Wednesday, U.S. stock futures fell sharply. Dow Futures slid 762.16 points at the open, S&P 500 futures started at 2717.4, while Nasdaq 100 futures were 1.95% down.

On Thursday, Bitcoin continued falling. Its price shed over 23% to trade below $6,000. Other digital assets lost a similar percentage, and the whole market was badly affected.

Today, Bitcoin price drops further. In the early hours, the price plummeted to $3,637, which is a new yearly low. But just in half an hour, it rebounded to $5,260. According to Coinmarketcap, Bitcoin currently makes up $5,442 per coin.

Market Down-Grade: What To Expect?

In general, the crypto market is on the wane today. For example, Ethereum has lost 25,94% in the last 24 hours, XRP has tanked by 18,24%, Litecoin has dropped by 21,69% in the same period, Tether is 1,68% down.

More volatility is expected. As we have reported, people start massive selling off their coins in fear they will lose everything in a virtual pyramid. In addition, the biggest order liquidation sequence is taking place. The BitMEX exchange has already destroyed orders worth $702 million, which is a record since November 2018.

It is unclear what to expect. There is too much panic caused not only by market ups and downs but also by a further spreading coronavirus. The world health organization has already declared coronavirus a global pandemic. As a result, Donald Trump placed a ban on travel to the U.S. from Europe. Many countries banned flights to and from Italy, Iran, and China. The only hope is on the biotech companies working on possible vaccines to get over the virus.

Bitcoin Price Drops to $3,637 but Rebounds Above $5,000 within Minutes

origin »

Bitcoin (BTC) на Currencies.ru

$ 94090.92 (+0.12%)
Объем 24H $57.607b
Изменеия 24h: 0.35 %, 7d: -0.16 %
Cегодня L: $91951.2 - H: $94247.58
Капитализация $1863.348b Rank 1
Цена в час новости $ 5774.34 (1529.47%)

bitcoin above rebounds within drops price 637

Источник: coinspeaker.com

bitcoin above → Результатов: 126


Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000

Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level.

2024-9-20 04:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Market Expert: Not Long On XRP? You’re ‘Disrespecting’ Yourself

Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.

XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

XRP Whales Are Depositing To Exchanges: Price To Drop Further?

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.

XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.

XRP Whales Go On $84 Million Buying Spree: Rally To Continue?

On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.

XRP & Litecoin See Social Media FOMO: Bad Sign For Prices?

Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.