Tags : SellOff

Bitcoin

Wall Street veteran says these Tether risks are behind crypto

Wall Street veteran says these Tether risks are behind crypto market selloff Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Caitlin Long, the founder of crypto bank Avanti Bank and a leading blockchain advocate, took to Twitter yesterday to explain the market sell-off, linking it to […]Read More

Bitcoin

Bitcoin Undergoes Selloff After Breaching $55,000; Breakdown Ahead?

Bitcoin prices dragged lower in the early Wednesday session by daytraders who decided to secure profits following its rally earlier this week. The flagship cryptocurrency surged to a two-week high above $55,000 as of 0100 UTC, up 13.24 percent from its week-to-date low of $49,238. Traders increased their bids on BTC/USD after the Chinese beauty […]Read More

Bitcoin

New Indicators Point to Bitcoin Sell-off Slowing Down

New Indicators Point to Bitcoin Sell-off Slow Down  As Bitcoin recovers from recent lows of $43,500, new indicators have shown that the sell-off may be slowing down. SOPR dips in “full reset”  For the first time since September 2020, the SOPR (Spent Output Profit Ratio) indicator dipped below 1. This indicator, which tracks the variation […]Read More

Bitcoin

Fund manager outlines 4 silver lining to recent Bitcoin sell-off

The price of Bitcoin steeply pulled back yesterday, on February 23. Following the major 17% correction, investors and fund managers remain generally optimistic. What’s behind the optimism towards Bitcoin? Typically, after such a large sell-off, the market sentiment often dwindles. However, in the case of Bitcoin in the last 24 hours, the market sentiment has […]Read More

Bitcoin

Whales Move $1.6B In Bitcoin Ahead Of Nearly 20% Selloff

Bitcoin price has been in a steady uptrend for months now, but a sudden sharp selloff turned the crypto market into a sea of red today. Ahead of the market turning red, a whale was spotted moving a substantial amount of BTC to a popular cryptocurrency exchange, taking reserves to the highest level all year. […]Read More

Bitcoin

Bitcoin Bull Run Faces Exhaustion Risks from Ongoing US Bond

Bitcoin prices printed themselves new record highs all Wednesday, but the cryptocurrency risks finding its potential tipping point against an ongoing US government bonds sell-off. High prices and thin yields on Treasury bonds provided critical support for Bitcoin since the coronavirus-induced global market rout last March. But, against the prospects of higher inflation, yields have […]Read More

Market

Why a Chinese New Year Sell-Off May Not Happen This

The lunar Chinese New Year this year is on Feb. 12, right around the corner. But unlike in previous years, some analysts and traders say the “Chinese New Year Dump,” a belief bitcoin’s (BTC) price would drop around the holiday period, will not take place this year. Why? The impact of retail traders in China […]Read More