Plummeting crypto markets see no reprieve as Bitcoin loses $23,000

Bitcoin (BTC) sees a 16% drop in value on Monday, taking the market leader below $23,000 for the first time since December 2020. The post Plummeting crypto markets see no reprieve as Bitcoin loses $23,000 appeared first on CryptoSlate.

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The reason why Bitcoin and crypto market at large is plummeting after a short-lived surge

After jumping by over 8% on Wednesday, Bitcoin has fallen again followed by a… The post The reason why Bitcoin and crypto market at large is plummeting after a short-lived surge appeared first on Coin Journal.

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BTC-RUB at a 9 month high as Russians turn to Bitcoin after the Ruble tumbles

As the West level economic sanctions thick and fast on Russia, the ruble currency has been sent into freefall, plummeting 20% Monday to a record low against the dollar. Via XE. com In a startling move bound to increase fear of ruble-holders, Russia’s central bank more than doubled interest rates from 9.

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Highlights Feb 23: Intel reveals BTC mining chip, major cryptos rebound

Top 10 cryptos rebounded after plummeting on Monday. Intel unveiled a new Bitcoin mining… The post Highlights Feb 23: Intel reveals BTC mining chip, major cryptos rebound appeared first on Coin Journal.

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Here Is Why Bitcoin Plummeted and How to Profit in the Red Market

Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000. Since the end of December, 2021, bitcoin has experienced several declines of varying degrees. On Jan. 5, it even plunged to below $43,000, plummeting near 10% within only 8 hours.

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Bitcoin Active Addresses Recovers Above 1 Million

The number of bitcoin active addresses had declined following the September market crash but promptly picked up again in October. At the beginning of December, another dip rocked the market that sent addresses plummeting once more.

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Plummeting Bitcoin Exchange Reserves Show Investors Are Not Ready To Sell

Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally.

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Bitcoin price briefly hits $69K ATH before plummeting back to Earth

BTC hit a new all-time high! It didn't last long, however...

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These Polkadot, Kusama on-chain metrics are falling but...

Altcoins, to a certain extent, have been following Bitcoin’s footsteps of late. Their charts these days are typically characterized by dwindling market caps and plummeting prices. Polkadot’s tale The post These Polkadot, Kusama on-chain metrics are falling but... appeared first on AMBCrypto.

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Why this might 'sound crazy' about Bitcoin

The broader market structure has been quite wobbly over the last few days, and Bitcoin’s plummeting price has merely managed to rub salt into the market's wound. Additionally, on Tuesday, BitcoinThe post Why this might 'sound crazy' about Bitcoin appeared first on AMBCrypto.

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Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting

The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge.

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How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week

Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally.  Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage.  The State Grid in […]

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Is Bitcoin in Decline After Dominance Dips Below 50%?

The flagship cryptocurrency endured tough trading sessions last week, with its price plummeting sharply… The post Is Bitcoin in Decline After Dominance Dips Below 50%? appeared first on Coin Journal.

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Bitcoin Price Breakdown: Bulls In Trouble As $50,000 Is Lost

Bitcoin price has been in free fall mode, plummeting sharply from $65,000 to now under $50,000 for the first time since March. Bitcoin Price Falls Under $50,000 Briefly Bulls at the moment have pushed Bitcoin price back up more than $1,200 as orders at $50,000 filled for the first time in a month. Related Reading […]

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Top Bitcoin Quant Analyst Says Fresh USD Is Needed For New Highs

Bitcoin price is still plummeting from a rejection at new highs set this weekend, and struggling to maintain support at former resistance levels. On the way down, the buying pressure has been far less than it was on the way up, which has one top cryptocurrency quant analyst warning that fresh USD capital is necessary […]

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Why The Bitcoin Price Recently Found Support At $46K

After plummeting from $46k to $43k on Sunday, Bitcoin managed to hold onto the critical support level of $46,000. Breaking Down Bitcoin’s Price Action Down 20% from its all-time high reached earlier this month, Bitcoin finds itself in correction territory – a sharp change from the almost uninterrupted year-long bull run.

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Bitcoin Miners Net Position Turn Positive: A Crypto Bull Case? 

Bitcoin in Downtrend After another week of turbulent market volatility, the cryptocurrency market saw severe drops with Bitcoin (BTC) and its peers plummeting nearly 25% from recent highs. This selloff caught many speculators and traders off-guard, causing a panic reaction across the market.

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Cardano, Bitcoin SV, Dogecoin Price Analysis: 28 February

Cardano held on to its third rank on CoinMarketCap even after plummeting 20% within the past 24 hours. The rest of the market was also bleeding, as Bitcoin SV headed toward the $172 level of support.

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EOS price remains bearish despite Bitcoin rebounding above $50K

EOS (EOS) traded at lows of $3.17 after plummeting 26% as a declining BTC…

The post EOS price remains bearish despite Bitcoin rebounding above $50K appeared first on Coin Journal.

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One Year Later: Bitcoin Emerges As “The Stimulus Asset”

Bitcoin price is trading at above $52,000 currently, yet less than one year ago from today it struggled to crack $10,000. Failure sent the cryptocurrency plummeting to Black Thursday lows, but from there confirmed the bear market was over, and has been in an uptrend ever since.

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Bitcoin SV, Cosmos, Crypto.com Price Analysis: 26 December

The plummeting ETH/BTC pair was proof that Ethereum was unable to keep up with Bitcoin's price rise on the charts. The altcoin market, as a whole, recovered somewhat after the dramatic drop before ChrThe post Bitcoin SV, Cosmos, Crypto.

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Bitcoin theft could rise in post-COVID-19 economy: research

The post COVID-19 pandemic economy might see certain economies crashing and local currencies plummeting, which would make Bitcoin theft "a lot more attractive," according to new research. The study, tThe post Bitcoin theft could rise in post-COVID-19 economy: research appeared first on AMBCrypto.

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Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC

Bitcoin exchange reserves are continuously plummeting as analysts pinpoint the trend to a potential shortage of sellers.

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Whale Inflows Into Bitcoin Exchanges Slow Down; Is a Recovery Ahead?

Whales, a class of investors/traders that hold a large amount of Bitcoin tokens, have lately stopped depositing capital into crypto exchanges. Data fetched by blockchain analysis firm CryptoQuant shows inflows into the world’s major trading platforms started plummeting at a considerable pace beginning September 16.

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Some Key Ethereum On-Chain Fundamentals Have Crashed To Dangerous Lows; Should Investors Be Worried?

The market for cryptocurrencies is in the viridity today after suddenly plummeting earlier in the week. Bitcoin (BTC) is up about 1. 47% today to reach $10,323, while Ethereum (ETH) is down nearly 5.

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Bitcoin’s Powell Pump Could Be Crypto Market Shakeout Claims Pseudonymous Trader

This morning, just as the Fed’s Jerome Powell began his speech, Bitcoin started pumping in a fast-moving short squeeze, driven by inflation narrative. However, the move just as quickly reversed, plummeting back down to lower than where the pump first began.

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A New Twitter Account Is Tracking Portnoy’s Potential Gains From Former $200,000 BTC Investment

A new account has been created to continuously track how much Barstool Sports founder Dave Portnoy would be gaining if he didn’t sell his Bitcoin stash on 21 August after the price went plummeting down by $1000.

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After Parabolic Rally, Altcoins May Soon Retrace Against Bitcoin: Indicator

Bitcoin dominance has been plummeting recently letting altcoins have their time in the crypto market spotlight for a change. But as altcoins begin to correct, BTC dominance is signaling that the asset is about to recover from the altcoin market’s rally against it.

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Chainlink’s Violent Rejection Leads it to Crucial Support; Will It Hold?

Bitcoin has been stealing altcoins’ thunder over the past several hours, with many smaller tokens plummeting as BTC surges past $9,400 Chainlink, despite its overt strength, is one example of a token that has posted major losses over the past day This latest decline marks an extension of the downtrend that it has been caught within throughout the past few days It has now reached a crucial support level that bulls are attempting to defend […]

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Bitcoin Funding Rates Flip Negative as Sellers Build Momentum; What to Watch For

Bitcoin has seen some intense turbulence throughout the past day, with the cryptocurrency losing the support it had at $9,400 before plummeting into the $8,000 region Buyers were able to guard against the massive influx of selling pressure, supporting it above $9,000 for most of the day The defense of the upper-$8,000 region has caused the crypto to form a double bottom seen while looking towards its RSI This indicates that the crypto could be […]

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Crypto traders go into hiding as BitMEX continues losing market share

The crypto market has been subjected to immense volatility throughout 2020, with Bitcoin plummeting to lows of $3,800 in mid-March before incurring an intense rebound that has since led it all the way up to highs of $9,500.

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Bitcoin’s Implied Volatility Craters after Bears Fire “Warning Shot”

Bitcoin’s implied volatility has cratered in recent times, plummeting back to its pre-crash levels This comes as the cryptocurrency continues extending its intense uptrend as bulls attempt to propel BTC back up towards the $8,000 region Bears have firmly established the upper-$7,000 region as a strong resistance region, and analysts don’t expect it to be surmounted anytime soon Bitcoin has continued extending its recent uptrend despite facing multiple strong rejections at $7,800 yesterday. One trend […]

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Banks’ 1Q Earning Report Reveals They Are Stockpiling Cash in Anticipation of a “Severe Recession”

With interest rates plummeting below zero and the central banks printing money like crazy, it is believed bitcoin is finding new users in those looking to escape the uncertain financial system. These new investors are apparently using BTC as a safe haven as their confidence in the traditional market wavers. With money continuing to lose […]

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Bitcoin’s Recent Crash Now Holding Far Better Than Traditional Stocks As Price Eclipses $7,000

No one can deny that Bitcoin’s safe haven narrative took a big hit on March 12 after the digital asset lost more than 40% of its value within hours. However, Bitcoin was definitely not the only asset plummeting as the entire global market was getting hit at the same time due to the Coronavirus pandemic. […]

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Bitcoin (BTC) Price 'Peak Fear' May Be In: Analysts

'Decoupling', i.e. losing the correlation with the plummeting stock market, has replaced 'halving' as the most crucial point of the Bitcoin (BTC) bull narrative

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Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting.

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Prelude to Bull Run: Bitcoin Hash Ribbons Signal Miner Capitulation Only Just Started

Hash rate is plummeting faster than Bitcoin’s price, suggesting that miners are starting to turn off their machines and await higher prices to return. An indicator called Hash Ribbons is signaling that miners are only just beginning to capitulate.

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Data Shows Bitcoin Miners are Now Unprofitable; Here’s What This Means for BTC

Bitcoin has been on a wild ride over the past several weeks and months, with the benchmark cryptocurrency plummeting from recent highs of $10,500 to lows of $3,500 before garnering significant buying pressure that has since sent it back to its current price within the mid-$5,000 region.

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Analyst: This simple factor shows Bitcoin may drop another 40% before forming a long-term bottom

The global market meltdown seen throughout the past few weeks has shown no signs of slowing down anytime soon, and Bitcoin has been firmly exposed to the implications of this – plummeting significantly from its 2020 highs of $10,500.

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These Factors Show XRP is Poised for Massive Upside as Accumulation Pattern Emerges

XRP, like Bitcoin and many other major altcoins, has cratered over the past several days and weeks, plummeting from 2020 highs of $0.35 to recent lows of sub-$0.10. Although the crypto has since climbed from these lows, the instability of the aggregated market has made it prone to seeing further near-term downside. In spite of...

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Ethereum Could Buck Market Trend and Rally to $180 if Key Level is Defended

The global market meltdown has continued today, with the U. S. equities market plummeting as Bitcoin and most major altcoins also post some notable losses. This decline today led Ethereum to lows of $105, which is where it was able to find some support.

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Bitcoin Forms Massive Trading Range as Analysts Eye a Move to Sub-$4,000

Bitcoin has once again found itself caught within the throes of an immense selloff, with the benchmark cryptocurrency plummeting below $5,000 earlier this morning in tandem with the decline seen by the U.

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Bitcoin’s Biggest Price Drop Since 2013, Crypto Markets in Panic

Bitcoin had its largest price drop since 2013, plummeting over 40%. The drop was precipitated by today’s relentless stock market sell-off. Global Markets in Turmoil Markets went into free-fall. The...The post Bitcoin’s Biggest Price Drop Since 2013, Crypto Markets in Panic appeared first on Crypto Briefing.

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Bitcoin Boon Likely amid Plummeting Treasury Yields, ‘Policy Failure’

Panic in the financial markets is still relatively hidden, but certain numbers suggest that the market could be facing collapse. In particular, all-time low yields for the 10-year Treasury show that investors are woefully concerned about the future.

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‘You OK Boomer?’ Gold Sees Biggest Loss Since 2013 as Bitcoin Steadies

Gold follows Bitcoin and traditional markets in plummeting fast at the hands of ongoing coronavirus panic

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Analyst: There’s Still Hope for Ethereum if It Holds Above This One Level

Ethereum and the aggregated cryptocurrency market is currently experiencing a bloodbath, with ETH and most other major altcoins plummeting over 10% as Bitcoin teeters above a critical support level that is beginning to look incredibly weak.

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XRP plummets to $0.24 as analysts watch for capitulatory move to 2020 lows

XRP, like many other major altcoins, has caught the brunt of Bitcoin’s recent downturn, with the embattled crypto plummeting from its recent highs of $0. 35 all the way down to its current price of under $0.

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A key technical indicator shows Bitcoin is highly undervalued despite selloff

Bitcoin has had a rough day, with the benchmark cryptocurrency plummeting towards the low-$9,000 region as bears gain full control of BTC’s price action. This intense downwards pressure seems to mark an extension of the selling pressure that was first incurred when Bitcoin faced a sharp rejection at $10,000 this past Sunday.

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Analyst: Ethereum may see intense rally after piercing this technical resistance

Ethereum (ETH) has seen some mixed price action over the past week, with the cryptocurrency previously finding some stability around $280 before plummeting below $250 in tandem with Bitcoin’s crash below $10,000.

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