Bitcoin and the aggregated crypto market have been caught within a bout of extreme turbulence throughout the past several days and weeks, with the meltdown in the traditional markets acting as a catalyst for intense bearishness across all risk-on assets. In the near-term, it is highly probable that Bitcoin will continue guiding the aggregated crypto…
DetailsBitcoin appears to have entered a firm bout of sideways trading in the time following its recent volatility – which led the cryptocurrency to plummet from highs of $8,000 to lows of $3,500, before climbing back up to the mid-$5,000 region. Analysts are now noting that the resolution to the cryptocurrency’s ongoing bout of rangebound…
DetailsAnother week, another round of Crypto Tidbits. Last week was almost undoubtedly Bitcoin’s worst week ever. The price of the leading cryptocurrency fell from the weekly high of $9,200 to a low of $3,800, a drop of nearly 60% in a week’s time. Altcoins fared even worse than the market leader, with Ethereum falling as low…
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Bitcoin’s recent meltdown did significant damage to its market structure, also leading most major altcoins to plummet to fresh multi-year lows. Although the market has largely rebounded from its recent lows, the backdrop of global bearishness seems to suggest further losses could be imminent. This intense bearishness has also led investor sentiment to plummet alongside…
DetailsThe global cryptocurrency spots and derivatives exchange platform, OKEx doesn’t need any introduction. Known for its trading and other cryptocurrency-related products and services, the platform has now started an initiative to encourage and reward its traders. The Elite Trading Team Contest by OKEx offers a chance for traders on the platform to grab a share…
DetailsBitcoin logged its wildest week for the first time in seven years, plunging by more than 50 percent after a sell-off sparked by the worsening Coronavirus pandemic. The benchmark cryptocurrency on Friday crashed from $8,187 to $3,858 with a matter of 30 minutes. A rebound ensued and took prices up to $5,995. Traders ignored putting…
DetailsOKEx Pool, a global integrated mining pool from OKEx, is offering a one-stop mining and trading service for its users from across the world. The mining pool, not confined to any one specific cryptocurrency, is known for the variety of mining services it offers for Proof-of-Work (PoW), Proof-of-Stake (PoS) and PoS-variant cryptocurrencies. Cryptocurrency mining has…
DetailsBitcoin is in for more jump scares after having fallen by more than 50 percent this week. With the expanse of Novel Coronavirus rippling through financial markets, bitcoin plunged from $10,000 in February to $3,858 as of Friday. On the same day, the cryptocurrency recovered to hit an intraday top at $5,995, almost failing to…
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Bitcoin has seen some insane price action over the past several days and hours, with the cryptocurrency currently being in the process of rebounding from its recent capitulatory downtrend that sent it reeling from highs of $8,000 to lows of roughly $3,600 last night. In the time since this massive selloff, bulls have been able…
DetailsBitcoin and the aggregated cryptocurrency market have shown an uncanny correlation with the traditional markets over the past few weeks, which has subjected BTC to the significant downside that the market has faced due to the rapid spread of the lethal Coronavirus. Today, however, the US equities market is rebounding, with the benchmark indices all…
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