Crypto Market Bleeds $8 Billion Wipeout in Minutes but Bitcoin Recovers Swiftly

2019-4-26 11:44

By CCN. com: The valuation of the crypto market dropped by $8 billion in a matter of minutes after the office of New York Attorney General’s office filed a lawsuit against iFinex, alleging Bitfinex of mismanaging $850 million in Tether funds.

Bitcoin fell by 7. 5 percent at its day’s low point. Following the filing of the lawsuit by the Attorney General against iFinex, the bitcoin price dropped from $5,500 to $5,085 as many investors panic sold. But, the bitcoin price has recovered swiftly to $5,170, closing the day with a 5 percent loss. Why did bitcoin recover off of bad news?

The post Crypto Market Bleeds $8 Billion Wipeout in Minutes but Bitcoin Recovers Swiftly appeared first on CCN

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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


Ôîòî:

Iran Embraces Blockchain Technology while Egypt Considers a State-Backed Cryptocurrency

While the cryptocurrency bear market shows no signs of slowing down, countries across the world are swiftly exploring the potential of blockchain technology and virtual currencies. Joining the legion of blockchain “friendly” nations are Iran and Egypt, who have both voiced their intentions to deploy the disruptive technology in a controlled capacity as per reports on December 16, 2018.

2018-12-19 18:00


Bitcoin Celebrates an Unfortunate Anniversary as BTC Price’s All-Time High Was 1 Year from Today

We celebrate a particularly rare anniversary for Bitcoin this year. To the day, December 17th, 2017, the crypto reached its all time highest valuation of 20,000 dollars. This was, of course, followed swiftly by an even swifter decline into a bearish market, leading to its value being slashed by nearly 85 percent. Now, with BTC […]

2018-12-18 02:42


Ôîòî:

Thirty-eight Percent of South Africans Wish They’d Invested in Cryptocurrency

38 percent of South Africans “wish they had invested” in cryptocurrency as businesses report “decent” interest in the emerging technology from corporate investors. 40 Percent of South Africans ‘Aware’ of Crypto Results of pan-African investment bank Old Mutual’s 2018 “Savings & Investment Monitor,” released this week, reveal attitudes to Bitcoin locally are swiftly transforming. Overall

2018-7-13 04:42


Ôîòî:

‘I Wish I’d Invested In Cryptocurrency,’ Say 38 Percent Of South Africans

38 percent of South Africans “wish they had invested” in cryptocurrency as businesses report “decent” interest in the emerging technology from corporate investors. 40 Percent of South Africans ‘Aware’ of Crypto Results of pan-African investment bank Old Mutual’s 2018 “Savings & Investment Monitor,” released this week, reveal attitudes to Bitcoin locally are swiftly transforming.

2018-7-13 01:00


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