3 Reasons Why Bitcoin’s Price Just Fell by $3K
The sudden pullback just short of a new $50,000 high surprised many investors. Here’s what probably happened. Bitcoin slumped early on Monday, soon after it…
Tag: Markets
First Mover: It’s ‘Dorsey’s Node’ as Bitcoin Marches Higher, DOGE Chokes
Bitcoin breaks out, Twitter CEO Jack Dorsey sets up a bitcoin node and Bank of England warns on negative rates. Meanwhile, it’s DeFi that’s mooning.…
Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in Shorts
The shorts were liquidated after Elon Musk added “Bitcoin” to his Twitter bio and prices rose by over 15%. Bitcoin’s latest over 10% price rise…
Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today. Bitcoin and global…
Bitcoin Faces Further Losses Before Rally Restarts, Say Analysts
Despite a bounce earlier on Friday, bitcoin may yet see further losses in the near term. Bitcoin’s shorter-term price woes are likely not over yet,…
Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September
Bitcoin is up only slightly on Monday after seeing its biggest weekly decline in over four months. At press time, the cryptocurrency is trading 0.2%…
Biden’s $1.9T Relief Package Proposal Fails to Stir Bitcoin Market
Bitcoin’s two-day rally has stalled as the U.S. dollar gains ground in the wake of Joe Biden’s fiscal stimulus announcement. The U.S. President-elect proposed an emergency relief…
Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month’s End
Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The…
Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic
Bitcoin fell sharply early on Monday, having failed to establish a foothold above $40,000 over the weekend. Over the last 24 hours, the cryptocurrency declined…
Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K
Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly…