Crypto Markets Crash $30 Billion In Epic Bitcoin Sell Off In what has been one of the largest 24 hour market dumps this year over $30 billion has been dumped from crypto assets. Bitcoin reached the end of its bearish triangle pattern and dumped hard down to a three month low at $8,000. Bitcoin Crashes 17% Many had predicted a huge drop to long term support around $8k this week but it is still a shock to see it happen.…
Bitcoin price analysis – BTC/USD dumps as Bakkt post $600,000 Bitcoin futures sales Bitcoin dumped further from the pivotal $10,000 to refresh last week’s low at $9,600. A shallow recovery has ensued with BTC stepping above $9,700 but the path of least the least resistance is still to the downside. Bitcoin bearish price action is still pressing against key support areas. For four straight days, the largest cryptocurrency has wallowed in red rough waters. The return below $10,000 seems to have…
Bakkt Goes Live With First Trades But Bitcoin Fails to Hold $10,000 The long awaited Bakkt Bitcoin futures contracts went live a few hours ago but the response so far has been underwhelming. Bitcoin briefly topped out over $10k but has failed to hold that level as trading in Asia got underway. 8 BTC Traded So Far The Bakkt daily and monthly physically settled Bitcoin futures contracts went live for trading a few hours ago but there was no…
Bitcoin – $0 or $100,000? Bitcoin has long toiled in obscurity. Despite the cryptocurrency now being valued at some $180 billion — the size of a large Silicon Valley firm — it is still relatively small in the grand schemes of things. Yes, it is one of the largest base monies in the world, but is still pitiful when put up against the size of, say, the equities or housing markets. Some cynics have postulated that this is the biggest…
Market speculators hold net short positon of Bitcoin futures WASHINGTON, Sept. 20 (Xinhua) — Data from the U.S. Commodity Futures Trading Commission on Friday showed that market speculators held net short position of Bitcoin futures this week. For the week ending Tuesday, non-commercial investors, commonly treated as market speculators, held a net short position of 1,070 Bitcoin future contracts while the total amount of the future contracts held by speculators decreased. Meanwhile, commercial traders, commonly treated as hedgers, still held…
Something Very Strange Is Going On With Bitcoin And BTC Google Searches Bitcoin and cryptocurrency prices are well known to be closely tied to media and general public interest–-though that could be changing. The bitcoin price has been climbing so far this year, rising some 200% since January, though has recently plateaued at around $10,000 per bitcoin after peaking at more than $12,000 in June. Now, it appears Google searches for bitcoin and BTC, the name used by traders for…
Crypto Market & Bitcoin Rebounding – BCH, Litecoin, TRX, XLM Analysis The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it…
Bitcoin Dumps 5% In An Hour As Predicted Slide Begins Following a week of consolidation in an ever tightening channel Bitcoin finally made its move today. Many had been predicting it would be to the downside and they were correct as the king of crypto slumped 5% in an hour plunging back into the mid-$9,000 zone. Monster Red Bitcoin Candle Just an hour or so ago one huge red candle plunged Bitcoin prices through support at $10,100 and back into…
Bitcoin Dumps 5% In An Hour As Predicted Slide Begins Following a week of consolidation in an ever tightening channel Bitcoin finally made its move today. Many had been predicting it would be to the downside and they were correct as the king of crypto slumped 5% in an hour plunging back into the mid-$9,000 zone. Monster Red Bitcoin Candle Just an hour or so ago one huge red candle plunged Bitcoin prices through support at $10,100 and back into…
The quest for a Bitcoin ETF dealt a blow as VanEck withdraws proposal The VanEck Bitcoin proposal was up for the finals decision by the US SEC on October 13. Two more Bitcoin ETFs are still up for review filed by Wilshire Phoenix and Bitwise Asset Management. The journey to having the first Bitcoin exchange-traded fund (ETF) will continue despite Cboe BZX Exchange recalled its VanEck/SolidX BTC ETF proposal. A filing made on September 17 came after a proposed…