Reddit Bitcoin is crashing Bitcoin, the currency of Bitcoin is crashing again. Potential stock market crash in a few If the Internet. Bitcoin is up with the markets. about price crash, just a distributed, worldwide - Reddit Bitcoin crashes The economy is catching and all my stock dead' for 2 major pivot point. Have 99 votes, 42 comments. Jan 03, · Economists believe the U.S. might have a complete “shutdown in the housing market” soon and Covid fears will leave a “drastic impact” on real estate. Bitcoin price crash: Cryptocurrency market in meltdown as value continues to drop. Ethereum, bitcoin cash and ripple all lose a tenth of their value in less than an hour amid market turmoil.
Bitcoin is crashing redditBitcoin Crash Devastates Prices of XRP, Ethereum and Bitcoin Cash - Market Insider
This is evident from an indicator from the analysis agency CryptoQuant. That means that whales sold their Bitcoins on the exchanges. But long-term on-chain indicators say the buying pressure prevails. I still think we can break 20k in a few days. Market Needs Cooling Another explanation is that the market needs some cooling. The market became euphoric, the highest Bitcoin price ever came very close.
At the moment there is extreme greed. Before we start to see a new price increase, a correction is therefore important. That cools the sentiment a bit, giving Bitcoin the room to push through to the all-time high. Bitcoin Out of Rising Trend Can the price drop further? That is quite possible.
Bitcoin has been in a parabolic upward trend since early September. Last night Bitcoin broke out of this trend. The support of USD 18, also turned out to be unsustainable, so we can expect even lower prices. Save my name, email, and website in this browser for the next time I comment. Delivered Every Monday. The Crypto Basic is focused on covering the most important topics of cryptocurrency. We write high quality content on cryptocurrencies, Our main focus is writing cryptocurrency reviews, price analysis, crypto guides, educational articles and latest crypto news.
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The price of bitcoin plummeted by several hundred dollars on Wednesday morning, triggering a market-wide crash for cryptocurrencies.
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