BTC’s Sudden $400 Drop Could Be Setting Up Bitcoin Bear Trap, Claims Analyst

2019-2-25 21:19

What a tumultuous ten days it has been for the cryptocurrency market. Last weekend saw Bitcoin (BTC) run past $3,600, $3,700, and $3,800 in rapid succession, with strong volumes to match, as Ethereum suddenly rallied to precede a wider crypto boom.

Just one week later, investors were similarly enthused, as BTC pushed past $4,000 for. . .

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MicroStrategy’s smallest Bitcoin acquisition in 8 weeks sees BTC drop to $92,000

Bitcoin’s price fell by 2% within an hour after MicroStrategy announced its eighth consecutive weekly BTC acquisition. According to CryptoSlate’s data, the market reaction was less enthusiastic about the firm’s latest Bitcoin purchase, which dragged BTC down to $92,900 at the time of writing —a 10% drop from its record high of over $108,000.

2024-12-31 19:00