Tags : Falls

Bitcoin

Bitcoin falls $3,000 after Musk tweets out a ‘broken heart’

Bitcoin, the world’s largest cryptocurrency by market cap, tumbled down $3,000 this morning after Tesla CEO Elon Musk tweeted about the coin with a Linkin Park song reference. Tweeting about Bitcoin He followed up with a tweet reply about Dogecoin—seemingly his favorite cryptocurrency—causing a small pump in the memecoin before it fell along with the […]Read More

Bitcoin

$1.6 billion liquidated after Bitcoin briefly falls under $54,000

Bitcoin fell to under $54,000 in the morning hours amidst a broader sell-off in the crypto market. The asset later recovered slightly and traded over $54,700 at press time. Bitcoin….gone Data from markets tool Bybt showed over $1.6 billion worth of crypto positions were ‘liquidated’ as a result of the price plunge, with $953 million […]Read More

Bitcoin

Bitcoin Falls to $53,000 as Wall Street Gains Hurt Appeal;

Bitcoin fell towards $53,000 on Tuesday as US stocks rallied, breaking away its tradition of tailing riskier assets even as bond yields and the US dollar dipped. The benchmark cryptocurrency was down 1.13 percent to $53,500 per token ahead of the L0ndon opening bell. Bitcoin futures on the Chicago Mercantile Exchange dropped by more than […]Read More

Bitcoin

Bitcoin Google searches spike 5x in Turkey, while the Lira

News › Bitcoin › Turkey › Adoption The currency tumbled this morning, following a backlash from investors after President Erdogan fired the central bank governor. José Oramas · March 22, 2021 at 7:34 pm UTC · 2 min read Google searches for Bitcoin soared today in Turkey, surging 566% in Google Trends after the Turkish Lira […]Read More

Bitcoin

Bitcoin Support at $47K “Very Strong,” Glassnode CTO Asserts After

Bitcoin has an extreme potential to hold $47,000 as its support level, according to Rafael Schultze-Kraft, the co-founder/CTO of blockchain analytics platform Glassnode. The data scientist studied the number of existing bitcoins that moved within the said price bucket and placed it against other price levels. He noted that the “UTXO Realized Price Distribution” near […]Read More

Cryptocurrency

GOLD/BTC ratio falls to an all-time low

The yellow metal has now fallen to its lowest-ever value against Bitcoin, the digital gold, in terms of the ratio. What just happened? Simply put, the “Gold/Bitcoin” ratio calculates the price value of the yellow metal against Bitcoin. A 1:1 ratio means both gold and Bitcoin are valued at the same price by the open […]Read More

Market

Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Bitcoin’s price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how the new Biden Administration will […]Read More