The price of bitcoin tumbled over the weekend and was down as much as 19.5% from record highs posted by the popular cryptocurrency in the past week.

Bitcoin dropped as low as $52,148.98 on Sunday morning after reaching an all-time high above $64,800 on Wednesday, according to CoinDesk. It was last trading just over $55,795.

Other cryptocurrencies, including ether and dogecoin, also took a hit over the weekend. The price of ether, the second-biggest token by market value, dropped as much as 18% and fell below $2,000 on Sunday before more recently trading at over $2,150. The token had also recently hit record highs, topping $2,500 on Thursday.

Meanwhile, dogecoin, which soared more than 400% at one point last week and ... Read more »

Category: News | Views: 203 | Added by: danyagames2007 | Date: 18.04.2021 | Comments (0)

Singapore — Bitcoin on Sunday plunged the most in more than seven weeks, just days after reaching a record.

The biggest crypto coin was down 8.5% at $55,810.32 by 2.52pm in Singapore on Sunday after earlier falling 15.1% to $51,707.51. Ether, the second-largest token, fell almost 18% before paring losses.

Several online reports attributed the plunge to speculation the US treasury may crack down on money laundering carried out through digital assets.

Bitcoin hit a high of $64,869.78 last week ahead of the debut trade for the cryptocurrency exchange Coinbase Global on the Nasdaq on Wednesday. The original crypto coin, bitcoin is valued at more than $1-trillion after a more than 800% surge in the past year.

< ... Read more »
Category: News | Views: 209 | Added by: danyagames2007 | Date: 18.04.2021 | Comments (0)

Bitcoin crashed to lows below $51,000 late Saturday due to forced liquidations of long orders.
A string of bad news triggered the sell-off, however, only one of them was verifiably true.
While many indicators point to a "buy the dip" action, the volatility may persist this week.
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Bitcoin and the broader crypto market saw one of the most gruesome crashes, leading to $9 billion in liquidations. There were three key sources of the negative catalysts. 

Money Laundering Report Clips Bitcoin
The price of Bitcoin plunged to lows of $50,900 on Binance while Coinbase recorded $51,300 at 11:35 pm ET ... Read more »

Category: News | Views: 256 | Added by: danyagames2007 | Date: 18.04.2021 | Comments (0)

Bitcoin, the world's biggest cryptocurrency, fell as much as 14 per cent to $51,541 (€43,016) on Sunday, reversing most of the big gains it made over the past week.

Bitcoin was last trading down 10 per cent at $53,991 as of Sunday afternoon, a whopping $12,000 below record highs set on Wednesday.

Smaller rival Ether, the coin linked to the ethereum blockchain network, dropped 10 per cent to $2,101.

Data website CoinMarketCapи cited a blackout in China’s Xinjiang region, which reportedly powers a lot of bitcoin mining, for the selloff.

Luke Sully, chief executive at digital asset treasury specialist Ledgermatic, said in an email that people “may have sold on the news of the power outa ... Read more »

Category: News | Views: 233 | Added by: 4zvezda | Date: 18.04.2021 | Comments (0)

Bitcoin traded close to the $60k level for a long while and a second price breakout was something most traders expected, however in yet another twist a surprise sell-off did take place. In a recent podcast, on-chain analyst and the co-founder of Hypersheet, Willy Woo spoke about the noticeable surge in BTC’s trading price and activity as more new investors entered daily. Santiment highlighted how Bitcoin has seen quite a few occasions during which there have been very high spikes of transactions amounting to over $100k.

Woo touched upon the fake sell-offs in the podcast with the host which he recently tweeted about as well.  The tweet read:

“Markets selling off due to bogus data saying $1b of BTC flowing int ... Read more »

Category: News | Views: 124 | Added by: danyagames2007 | Date: 18.04.2021 | Comments (0)

Bitcoin has been riding high all week, and was looking to potentially push for a new all-time high soon. However traders were woken up on Sunday morning to liquidation notifications as over one million positions were liquidated as BTC dropped nearly 15% in price. 

Weekends usually experience less volatility within the market as traders take time off from trading. However Sunday saw bitcoin make its biggest daily move in weeks. Consequently causing the biggest liquidation event since March. 

What could have caused the dump

While nothing can be confirmed as to what led to the massive liquidation event. Several potential reasons have been marked as possible causes.  

Unconfirmed speculation poin ... Read more »

Category: News | Views: 173 | Added by: danyagames2007 | Date: 18.04.2021 | Comments (0)

Two executives of Mirror Trading International (MTI) have been summoned by a high court in connection with another cryptocurrency investment scam called BTC Global. The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation from them.

Two MTI Executives Linked to BTC Global Scam

A High Court summons was issued to Clynton Marks, Cheri Marks, and Andrew Caw in connection to a bitcoin investment scam called BTC Global, South African news outlet Mybroadband reported last week, noting that it has seen the court document.

The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation of R2.5 million (approximately $174,662) plus 7% annual interest f ... Read more »

Category: News | Views: 207 | Added by: 4zvezda | Date: 18.04.2021 | Comments (0)

Turkey central bank banned use of crypto last week
Ether also retreats on Sunday
DUBAI: Bitcoin fell 7.7 percent to $55,408.08 early Sunday, wiping more than $4,600 from the value of the world's biggest cryptocurrency.
Ether, the coin linked to the ethereum blockchain network, also dropped by about 6.5 percent to $2,165.91.
Bitcoin took an earlier tumble on Friday, losing 4 percent after Turkey's central bank banned the use of cryptocurrencies citing risks.
Turkey published the new law in its official gazette in which the central bank said cryptocurrencies and other similar digital assets would not not be used, directly or indirectly, to pay for goods and services.

Source:arabnews.com

... Read more »

Category: News | Views: 187 | Added by: 4zvezda | Date: 18.04.2021 | Comments (0)

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