Black Thursday anniversary: Can crypto markets see another huge crash?

The market may witness flash crashes in the near term, and another March 12 drop is not completely off the map.

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Traders Fear "Black Thursday" Comeback as Bitcoin Returns in March Mostly Negative, Statistics Say

Chinese journalist Colin Wu has shared that traders are worried as the first "anniversary" of "Black Thursday," is coming closer and fear a comeback

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Only Invest in Bitcoin if You are “Very Wealthy,” Says Former FDIC Chairman

As Bitcoin moves close to $50,000, hitting a new ATH at $49,000 on Thursday, new detractors keep rearing their skeptic heads, advising people to not invest in the digital currency, which has surged nearly 12x from its March low.

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Criminal Activity Related To Crypto Transactions Fell by 83% in 2020 – New Chainalysis Report

2020 was a good year for the crypto market, especially the second half of the year despite the pandemic. Bitcoin and other digital assets recovered from the spectacular crash on Black Thursday to set new records and usher in a new era of institutional investments in the crypto market. Between the March 12 crash of […]

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Everything you need to know about Bitcoin's price discovery

Bitcoin investors, those who were around for the 2017 bull run, the price drop that followed in 2018, and who later survived the Black Thursday crash of March 2o20, understand how Bitcoin's market cycThe post Everything you need to know about Bitcoin's price discovery appeared first on AMBCrypto.

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Why ‘Black Friday’ Was The Best Thing To Happen Bitcoin In 2020

March 12, 2020, will go down in history books as Black Thursday. That day began a two-day, more than 50% collapse in Bitcoin. It also shook the stock market, precious metals, and crypto.   But yet, that fateful day in hindsight was the best thing to happen to Bitcoin all year and was a crucial factor in the asset achieving a new all-time high and trading near $30,000 currently.  Here are all the reasons why.  […]

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Preston Pysh on Why Currencies Fail

An encore presentation of NLW’s conversation with Preston Pysh recorded on March 12 – the infamous Black Thursday.

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PayPal Customers Bought the Dip on Bitcoin & Crypto

The losses that came late Thursday night was the biggest decline since the March sell-off.  However, the largest cryptocurrency is still up 135% YTD with its investor base widening who are turning to it in search of a hedge against dollar weakness amidst loose monetary policy.

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Bitcoin Price Sheds Over $3,000 In Biggest Sell-Off Since March — Here Are 3 Simple Reasons Why

The price of the number one cryptocurrency today plunged over $3,000 within hours. After nearly hitting $19,500, bitcoin saw a sharp sell-off to $16,315. This is the worst single-day decline since “Black Thursday” and represents a fall of 11.

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Bloomberg Analyst: Bitcoin Is “Tiny” Now, But “Price Discovery Stage” Is Here

Bitcoin is now worth nearly a full $15,000 more than it was during March of this year. But the events of Black Thursday and the realization that the world was forever changed, it has created the perfect storm for the cryptocurrency.

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Three main reasons why Ethereum will sustain this uptrend

Ethereum's price has been on an impressive recovery sun since it fell on 12 March. In fact, since Black Thursday, ETH has surged, with the cryptocurrency recording a 64 percent hike over its pre-12 MaThe post Three main reasons why Ethereum will sustain this uptrend appeared first on AMBCrypto.

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CZ: The Pandemic Situation Has Benefited the Crypto Industry

Despite the “Black Thursday” crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth. The comment came during an interview with Fortune hosts Jeff Roberts and Jen Wieczner.

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Analyst: Chainlink’s Price Breakout Will Imitate Ethereum’s 2017 Bull Run

In 2020, the cryptocurrency witnessed a lot of drawbacks, one of the most notable was the market carnage on the 12th of March, also known as the ‘Black Thursday‘ when Bitcoin’s price was halved in less than a day.

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Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday. ’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation.

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65% Vote For ‘Zero Compensation’ For MakerDAO Vault Owners Who Lost $8M On Black Thursday Crash

A vote completed on Sept. 22 after two weeks of community participation, MakerDAO protocol, a decentralized lending platform, decided not to compensate vault owners who lost up to $8. 83 million in the Black Thursday crash on March 12.

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MakerDAO Users Hosed by March Flash Crash Won’t Get MKR Payouts, Say MKR Whales

After initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during "Black Thursday's" price rout.

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Cryptojacking has seen a recent spike: Symantec reports

The spike has been seen in the aftermath of Black Thursday in March this...

The post Cryptojacking has seen a recent spike: Symantec reports appeared first on Coin Journal.

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Why Toppling Silver and Gold Prices Could Be Especially Bad for Bitcoin

In March 2020, the stock market dragged cryptocurrencies down to their Black Thursday bottom. Since then, however, soaring gold and silver prices have helped restore interest in Bitcoin and altcoins.

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93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday

Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12.

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Mempool Manipulation Enabled Theft of $8M in MakerDAO Collateral on Black Thursday: Report

New research suggests March’s “Black Swan” event for Ethereum may have been a sophisticated plan to cash in on a global sell-off.

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Bitcoin Cash long-term price analysis: 19 July

Bitcoin Cash, the hardfork of Bitcoin, is in the category of altcoins that have sunk post the events of 'Black Thursday.' Following the market collapse in March, some altcoins surged even higher than The post Bitcoin Cash long-term price analysis: 19 July appeared first on AMBCrypto.

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Stablecoin Supply Doubles to 12 billion Following a 50% Cryptocurrency Market Price Drop

The total supply of stablecoins in existence has doubled to 12 billion, following an increased demand sparked off by the March 12 (Black Thursday) 50% crypto price crash. The findings from the latest research study by Coin Metrics, which is sponsored by Bitstamp, show that it took a period between March 12 and the first […] The post Stablecoin Supply Doubles to 12 billion Following a 50% Cryptocurrency Market Price Drop appeared first on Bitcoin News.

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The World’s Wealthiest Are Dumping Stocks, How This Can Impact Bitcoin

Some of the wealthiest individuals in the world are dumping stocks they bought at the Black Thursday bottom this past March. Thanks to an ongoing tight correlation between the stock market and Bitcoin, any selloff could also impact the cryptocurrency.

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Number Of People Owning 1 BTC Nears One Million Amid Market Downturn

Two months after the Bitcoin halving event, the number of addresses holding 1+ BTC keeps rising. This trend has continued since the ‘Black Thursday’ market crash in March, which had a catastrophic impact on stocks and cryptocurrencies as both markets thumped deep asset price levels.

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Fear Rises of Black Thursday Reoccurring With Bitcoin Collapse, Analyst Says

A prominent analyst believes that fears of another March 12 Bitcoin price fall are reviving. Meanwhile, the number of BTC wallets with more than ten coins hits a new high

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Bitcoin going to $0 during a price crash will be saved by exchanges? 

Nowadays every Bitcoin price drop is a reminder of 'Black Thursday.' On March 12, the price of the largest cryptocurrency in the market dropped by over 50 percent to a 12-month low and marked the biggThe post Bitcoin going to $0 during a price crash will be saved by exchanges?  appeared first on AMBCrypto.

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Bitcoin going to 0$ during a price crash will be saved by exchanges? 

Nowadays every Bitcoin price drop is a reminder of 'Black Thursday.' On March 12, the price of the largest cryptocurrency in the market dropped by over 50 percent to a 12-month low and marked the biggThe post Bitcoin going to 0$ during a price crash will be saved by exchanges?  appeared first on AMBCrypto.

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83% of Bitcoin Addresses Currently Profitable, Says Glassnode

At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.

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Ethereum's growth dominated by stablecoins, not Ether

Ethereum has been noting stagnated market growth since the Black Thursday crash back in March. Despite making a recovery and irrespective of Ethereum 2.0 approaching, the crypto's price has been movinThe post Ethereum's growth dominated by stablecoins, not Ether appeared first on AMBCrypto.

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Stock Markets See Wild Price Swings – Here’s How It Compares to Bitcoin

One way or the other, all parts of the world have been affected by the pervasive turbulence, and as a result, most stocks have slumped down to the levels unseen before. The major 2020 stock market crash which took place back in February and was most severe on March 12, (the so-called Black Thursday), lasts […]

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Bitcoin Balances on Exchanges Down 10% Since March

Cryptocurrency exchanges continue to see significant Bitcoin (BTC) outflows since Black Thursday (mid-March 2020). Balances have reportedly declined by a staggering 12. 7% year to date (YTD). This emerging trend of deposit displacement likely indicates a growing appreciation for Bitcoin as a haven asset.

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Bitcoin Futures Open Interest Nearing $4 Bln First Time Since 'Black Thursday'

Open interest in Bitcoin futures is wrapping up its steady recovery after a gruesome selloff in March, but options are now the hottest derivative

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Bitcoin Price Volatility Hits 3-Month Low

Bitcoin's price volatility is now as low as it was before the "Black Thursday" crash on March 12.

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Ethereum, Tron, DigiByte: Price Analysis

The larger crypto-market has come a long way since the collective crash in March, a day now popularly dubbed as 'Black Thursday' by the community. While market growth since that day has been slow, mosThe post Ethereum, Tron, DigiByte: Price Analysis appeared first on AMBCrypto.

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Black Thursday Made Traders Turn to XRP to Exchange Currencies

Ripple has shared data showing that when Bitcoin collapsed on March 12 and fees for BTC and ETH transactions surged, traders turned to XRP as a low-cost alternative

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What does Tether's demand surge imply?

The cryptocurrency market saw a huge chunk of its gains wiped out by the Black Thursday crash back in March. However, in all the ensuing chaos, stablecoins were the asset class that emerged winners.

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Over 310,000 Bitcoin moved off crypto exchanges since Bitcoin’s crash to $3,800

Users have moved over 310,000 bitcoins from exchanges since mid-March  Over 310,000 bitcoins have been moved from cryptocurrency exchanges since March 12, 2020, a date that has earned the moniker “Black Thursday.

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Over 310,000 Bitcoin has Left Exchanges Since “Black Thursday”

The events seen within the crypto market on March 12th – a day now known as “Black Thursday” – were extreme and have sparked a lasting shift in dynamics amongst Bitcoin investors. One of the most prominent changes brought about by this recent meltdown can be seen while looking at the balance of BTC on...

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Bitcoin Miners Spark Second Capitulation Of 2020. How Long Will It Last?

Bitcoin fell almost 10% during this last week, betokening the beginning of the second mining capitulation so far this year (the first was in March during the black Thursday) and the third in the last nine months, according to data provided by market researcher and digital asset manager Charles Edwards. Bitcoin experienced its worst week […]

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Bitcoin Sees Worst Weekly Performance since Black Thursday; Steeper Declines Ahead

Bitcoin falls nearly 10 percent in a week, marking its worst weekly performance since March’s Black Thursday. The losses followed the cryptocurrency’s recovery from below $4,000 to $10,000.

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Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving 

Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million.

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One Top Crypto Prepares to Lift Off as Social Engagement Metrics Explode

Most of the top cryptocurrencies by market capitalization have been able to outperform Litecoin since March’s Black Thursday. Since then, Bitcoin and Ethereum are up by more than 130%. Even XRP has been able to recover most of the losses incurred during the marketwide meltdown as it rose by nearly 88%. Meanwhile, the seventh-largest crypto...

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P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise

During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America.

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Can Ethereum note full recovery or will it test support at $172 again?

After registering major losses over the course of the Black Thursday price crash in March, Ethereum has since been steadily inching closer to 100 percent recovery. Ethereum's price movement has been oThe post Can Ethereum note full recovery or will it test support at $172 again? appeared first on AMBCrypto.

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Bitcoin’s Bullish Force Hits Fever Pitch As Options Open Interest Surpasses $1B For First Time In History

Since BTC’s incredible rebound from the Black Thursday market rout in March, the pioneer cryptocurrency has been incredibly bullish. Bitcoin’s recent rally has ignited new hopes for a full-flown rally just in time for the halving slated for Tuesday.

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12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

According to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020.

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This is How Close the Bitcoin Price is to Hitting $10,000

Two weeks to the much-anticipated halving event and the Bitcoin Price upswing has started. Bitcoin reached a high of $9,189 yesterday after closing the previous day at $8,658, in the biggest single-day gain of 2020 since the black Thursday crash in March.

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Chilling Fractal: Ethereum’s 150% Rally From March Lows Is About to Reverse

No multi-billion-dollar asset has performed quite as well as Ethereum over the past seven weeks. Since the $88 lows that were sustained after March’s “Black Thursday” crash, the cryptocurrency has rallied by 150%, reaching as high as $228 earlier today at the local peak of the ongoing rally.

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Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Hours

Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11. 8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.

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