Data from the bitcoin blockchain shows that even as the price of the flagship cryptocurrency plunged from around $57,000 to a $30,000 low before recovering, long-term BTC holders kept buying the dip, while new investors sold at a loss. Cryptocurrency prices crashed earlier this week over a series of factors. Tesla CEO Elon Musk tweeted […]
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
Digital asset trading platform and crypto mining firm Apifiny has hired Jason Jiang as Chief Technology Officer. Prior to joining Apifiny, Jiang was...
On Thursday (May 20), Sam Trabucco, quantitative crypto trader at Alameda Research, shared his thoughts about the reasons for yesterday’s crash in the crypto market that had $BTC trading as low as $30,066 and $ETH trading as low as $1,850 on crypto exchange Bitstamp around 13:10 UTC when the market reached a bottom. The consensus […]
Elon Musk and Chinese crackdowns may have been the catalyst for the monumental market slump but over-leveraged positions being liquidated have exacerbated the selloff according to analysts.
By David Randall NEW YORK (Reuters) - A selloff in cryptocurrencies, high-growth stocks and other high-flying assets may be signalling a more cautious...