Analyst: Crypto Markets Likely to Plummet 61% Before Next Bull Run Begins; Here’s Why

2019-7-27 03:00

Bitcoin and the aggregated crypto markets have been facing significant downwards pressure over the past couple of days that has led markets to retrace significantly from their recent highs that were set in late-June.

Now, one prominent analyst who predicted Bitcoin’s recent drop is now noting that the aggregated crypto markets could retrace another 61%. . .

The post Analyst: Crypto Markets Likely to Plummet 61% Before Next Bull Run Begins; Here’s Why appeared first on NewsBTC.

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Alameda Research: Over-Leveraged Liquidations Fueled Crypto Markets Bloodbath

As the global crypto markets try to recover from the latest bloodbath that saw the value of the global cryptocurrency markets crash significantly below the psychological $2 trillion this week, analysts have revealed that the correction was not entirely caused by Elon Musk’s actions or the latest China crypto ban, but largely due to liquidationsRead More

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