With only two days left to the third halving, severe levels of volatility reached the cryptocurrency market, and Bitcoin plunged by 20% in a matter of hours. Similar price developments transpired back in July 2016 when, again, two days before the second halving, BTC dropped by 11%. History On Track In 2016 and 2020 As...Read More
This was one of the worst days for Bitcoin’s price over the past years. Starting yesterday just one step away from the $10K mark, Bitcoin saw an intraday crash to below $8000, before a slight recovery. At some point, the daily candle reached almost 20% in the negative. Anyone who knows Bitcoin can’t say it’s...Read More
Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated. As of writing these lines, the price of...Read More
The XTZ/BTC pair dived below the $3 mark recently and this may be an indicative that the bears are heading towards the $2 mark. The down action saw the pair retraced to the 50.0% Fibonacci retracement level, as price swings between a previous swing high at $3.9 and low at $1. Tezos is currently changing...Read More
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status. However, the prospectus sent to SEC shows that while Ebang...Read More
