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
$18 Billion Wiped Out of Crypto in 2 Days, What’s Causing Extreme Volatility?
Following Christmas and a strong corrective rally on Christmas Eve, the crypto market lost over $ 18 billion within a 48-hour period. The Bitcoin price dipped below the $ 3,800 mark after a promising price surge to $ 4,300 and the Bitcoin Cash price suffered a large decline from $ 230 to $ 170 within a one-week span, losing 26
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Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline?
On December 14, following a fairly large sell-off from the $ 3,400 region, the Bitcoin price dropped to a new yearly low at $ 3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11
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Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it?
On Coinbase and other major fiat-to-cryptocurrency exchanges, the Bitcoin price (BTC) has dropped to a new yearly low at $ 3,456. Over the past 24 hours, despite its relatively low daily volume at around $ 5.2 billion, BTC demonstrated a drop of over 12 percent, showing weakness in short-term momentum. The volume of BTC has since risen
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Bitcoin Cash Price Drops 12% to New All-Time Low at $190 — What’s Causing it?
Since November 7, the Bitcoin Cash price (BCH) has dropped from $ 640 to $ 190, by more than 70 percent. Prior to the hash power war between Bitcoin Cash and Bitcoin Cash SV, a camp led by CoinGeek, Calvin Ayre, and Craig Steven Wright, the price of BCH plunged from $ 640 to around $ 450. BCH has continued
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What’s Causing 2% Bitcoin Premium on Bitfinex? Possibility of Arbitrage
On Bitfinex, a leading cryptocurrency exchange, Bitcoin is being traded with a 2 percent premium based on the current price of $ 6,285. As BitMEX Research revealed, the premium of Bitcoin on Bitfinex continued to increase throughout the past week, during a period in which Tether (USDT) started to demonstrate a decline in price. Currently, on
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Ethereum Falls to $185: What’s Causing ETH to Drop Harder Than Other Cryptos?
Earlier today, on September 9, the price of ETH, the native cryptocurrency of Ethereum, fell to its yearly low at $ 185. While ETH has rebounded above the $ 200 mark after an unforeseen recovery of Bitcoin from $ 6,190 to $ 6,450, since July, ETH has seen a steeper decline in value than other major cryptocurrencies. How Much
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