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Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $ 9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $ 12,000. However, […]
The post Bitcoin Could Shed 20% & Drop to $ 7,400 Because Bulls Look Exhausted appeared first on CCN Markets
Bitcoin was on a massive tear and the parabolic run was unstoppable as the crypto reached $ 13,000. It has declined since but is up on the weekly timeframe. While many long-term investors are euphoric over this juggernaut ascent, some experienced traders are starting to feel anxious. The trend reversal is so strong that a significant […]
The post Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run appeared first on CCN Markets
On Wednesday, June 26, the price of BTC came close to reaching $ 14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when the market is extremely bullish, flash crashes have been prevalent.
Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
The global cryptocurrency market lost $ 58 billion in a flash crash on Thursday morning as bitcoin makes a retreat. The combined value of the world’s cryptocurrencies dropped from $ 386 billion to $ 328 billion – a 14.9% loss overall. Just hours previously Bitcoin had been flirting with the $ 14,000 mark; now, BTC is struggling to keep […]
The post Newsflash: Crypto Market Plummets $ 58 Billion as Major Coins Drop 30% in Bloodletting appeared first on CCN Markets
By CCN Markets: Even though Donald Trump kicked off his 2020 presidential campaign last night in Florida in front of a crowd of roughly 20,000, Wall Street isn’t entirely convinced that he’s committed. Jeffrey Gundlach, who is nicknamed the Bond King and whose firm DoubleLine Capital oversees $ 115 billion in AUM, told Fox Business that there’s a chance the president could change his mind. “If the economy goes into recession, and he can’t pull it out by removing the tariffs, there’s very little for him to run on.” Dropping Out Is Not Unheard Of While dropping out of a presidential
Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week 🔥 Square’s Bitcoin Revenue Jumped to $ 65.5 Million in Q1, Its Highest Ever Payments company Square (SQ) reported its first-quarter […]
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Grayscale Investments, a digital asset management firm founded by Digital Currency Group, launched a major marketing campaign on Wednesday to try and sway institutional investors to drop their investments in gold and begin positions in Bitcoin (BTC). According to the accompanying announcement, the #DropGold campaign promotes the emergence of Bitcoin as a viable digital asset […]
SludgeFeed
Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip).
The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin.
“Everyone loves a piece of gold jewelry, but is gold really the best investment in today’s digital world?” This is the rhetorical question that the website challenges its readers to consider. “Gold represents the past,” it continues, saying that Nixon dropped the gold standard that backed USD back in the ’70s.
In the last 24 hours, the crypto market has slightly declined by $ 2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering. From January 30 to January 31, the crypto market seemed to be rebounding as its valuation rose from $ 111 billion to $ 115 billion. But, in the past 12 hours, the valuation fell back to $ 112 billion, unable to sustain its momentum.
Apple has struggled to win over the Chinese mobile phone market as reports have suggested but Samsung is also having a similar issue. Samsung Electronics revealed that it recorded a 31 percent decline in net profit in the fourth quarter of 2018 as the operating profits of its mobile business plunged by nearly 33 percent. Samsung Sees Large Net Profit Declines Analysts at Samsung attributed the overall decline in profits to various geopolitical factors including the U.S.-China trade war. Due to macroeconomic uncertainties, the company said that its memory business will likely not strongly rebound until the second quarter of
In the last 24 hours, the Bitcoin price has dropped from $ 3,550 to $ 3,357 on the day’s low, by more than five percent. The abrupt decline in the Bitcoin price led the crypto market to lose nearly $ 6 billion within hours. Some major crypto assets including Bitcoin Cash (BCH) recorded losses of over 10 percent, experiencing the steepest decline in the month. Some analysts expect the Bitcoin price to drop to a new 12-month low following the short-term drop in the valuation of the crypto market. Factors in the Decline of the Bitcoin Price Since early January, for over three
By CCN.com: In 2018, with the exception of Bitcoin and several other crypto assets, the majority of cryptocurrencies fell by more than 90 percent against the U.S. dollar. Executives in the crypto space, especially those leading new initiatives and businesses in the emerging industry, believe that the bear market has presented companies with positive opportunities
The post What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop? appeared first on CCN
Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone
The post Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year appeared first on CCN
The stock price of Tesla has dropped by 7.14 percent in pre-market following the release of CEO Elon Musk’s letter. The struggle of the car marker demonstrates the lack of fundamentals in the U.S. stock market which may lead to the decline of the Dow Jones. Over the past week, several analysts including Morgan Stanley
The post How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear appeared first on CCN
On January 13, the crypto market initiated an intense sell-off as the Bitcoin price fell below the $ 3,500 mark. The weakness in the short-term price trend of BTC led the market to demonstrate volatility on the downside. More than $ 5 billion was wiped out of the crypto market and major assets like Ethereum recorded a
The post Following $ 5 Billion Crypto Drop, Traders See Weakness in Bitcoin appeared first on CCN
Privacy-focused bitcoin wallet Samourai is having its hand forced by Google.
According to a Samourai blog post, the wallet provider is disabling privacy features that are key to its design before its latest version, 0.99.4, hits the Google Play store tomorrow. The removed features include Samourai’s Stealth Mode, remote text message (SMS) commands, and SIM Switch Defense (a measure to protect against sim swaps).
Call of Duty League Play, a new numerical system that is used for the first time alongside XP, has long been a staple within the Black Ops series. Starting with Black Ops 2, League Play pitted competitive amateur players up against one another to earn Division badges, ranging from Iron to Master, through two different series: […]
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Following one of its biggest bull rallies in history to $ 19,500, Bitcoin (BTC) is set to end 2018 with an 80 percent drop from its all-time high. As Bitcoin enters 2019 with a bear market status having suffered a steep sell-off in December, what can investors expect in the first two quarters of 2019? Several … Continued
The post Bitcoin to End 2018 With 80% Drop, What Investors Should Expect in 2019 appeared first on CCN
On December 29, the Bitcoin price briefly surpassed $ 4,000, initiating a promising rally from around $ 3,600. In the past 24 hours, the value of Bitcoin has retraced from $ 4,000 to $ 3,800, falling to $ 3,688 at the day’s lowest point. The decline in the Bitcoin price led other major crypto assets such as Ripple (XRP) and
The post Bitcoin Hits $ 4,000 But Retraces, is Another Drop to Mid-$ 3,000 Next? appeared first on CCN
The Nasdaq is in a bear market. On December 23, the Nasdaq Composite fell to a new yearly low at 6,332 points, as stocks and securities listed on the exchange plummeted in value. A bear market is commonly referred to as a 20 percent drop from a market, index, or asset’s all-time high. Since its … Continued
The post Nasdaq in Bear Market With 20% Drop, Dow Jones Worst Week Since 2008 appeared first on CCN
