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Tag: black thursday

Surveying the May 2021 Sell-off

On 19 May 2021, Bitcoin market experienced one of the most significant liquidity events and price draw-downs since Black Thursday in March 2020....

Generate profits even in volatile markets with Bexplus

The cryptocurrency market repeated Black Thursday last Wednesday, and many coins have depreciated by more than 30% in 24 hours. The bloodbath wiped out $350 billion from the crypto market. Ether pl

The post Generate profits even in volatile markets with Bexplus appeared first on AMBCrypto.

‘Bitcoin will be able to rally towards the $44,000 region’ IF it meets these criteria

More than enough has already been said and written about the latest market depression in the cryptocurrency sector. Now, the main trending question that has surfaced over the past couple of days is th

The post 'Bitcoin will be able to rally towards the $44,000 region' IF it meets these criteria appeared first on AMBCrypto.

China’s Bitcoin Ban and Cryptocurrency Correction Is Good for the Market

Analysts believe that China’s crypto ban is nothing new, and the latest correction was mainly triggered by new investors.

Bitcoin’s Volatility Is the Price You Pay for Outperforming the S&P by 10x, Michael Saylor

After comparing bitcoin's growth in terms of volume and price in the past year, Michael Saylor concluded that the asset is coming to life.

Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is Next

Bitcoin price has plummeted more than 50% from recent highs, falling to as low as $30,000 in a matter of a flash. The selloff was enough to shock the entire market, causing the most liquidations and coins to be deposited since Black Thursday. There’s now talk of the bull run being over, however, there’s potentially […]

Guggenheim CIO Compares Crypto To Tulips, Why He May Not Be Wrong

Some of the most bullish news for crypto in the past year was when it was revealed Guggenheim had projected a fair market value of Bitcoin at $600,000 per coin, and bought some BTC. A month ago, he warned of a massive market correction and was right, now he’s saying that cryptocurrencies are like “Tulipmania” […]

Bitcoin Just Witnessed “A Knockdown, Not Knockout”: Novogratz

Galaxy Digital CEO Mike Novogratz says only the best crypto projects will survive The…

The post Bitcoin Just Witnessed “A Knockdown, Not Knockout”: Novogratz appeared first on Coin Journal.

Bitcoin Exchange Inflows Rise to Highest Levels of 2021: Why It Matters

As Bitcoin extended its losses from the previous week, its inflows to cryptocurrency exchanges surged to the highest levels seen in a year — perhaps a telling sign that institutional and retail investors are liquidating their positions en-masse.  According to on-chain analytics site Glassnode, crypto exchanges saw a net inflow of 32,274.05 BTC. Net inflows […]

Lack Of “Capitulation” Volume Suggests Bitcoin Is Doomed To More Downside

Bitcoin price along with the rest of the crypto market plummeted today in a shakeout of epic proportions. The highly speculative asset class dropped by as much as 50% from highs, some plunging that much today alone due to the market extreme volatility. The top cryptocurrency by market cap is now up more than $8,000 […]

Parabola Broken: Why The Bitcoin Correction Could Go A Lot Deeper

Bitcoin price in a flash is now well below $40,000, reaching as low as $30,000 this morning during the chaos. The selloff is the worst since Black Thursday last year at the onset of the pandemic, but things could still go a lot deeper. Here’s what data says about assets – even cryptocurrencies – when […]

Black Thursday All Over Again? Analyst Explains Bitcoin Could Drop to $30,000

Bitcoin has been trending down for five days now. Another piece of bad news came Wednesday, as the People’s Bank of China said digital tokens can’t be used as a form of payment. After the announcement, both BTC and ETH saw a 5% drop.  The price of bitcoin has already dropped over 35% from $56,000 […]

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