Cryptocurrency investors are still picking up the pieces from the May 19 market-wide implosion which saw Bitcoin (BTC) drop to an unexpected low at $30,000. Post-mortem analysis now shows that the correction catalyzed a mad dash among traders running for the exits as the cascading sell-off resulted in a record 10,525 BTC liquidated across all exchanges. Altcoins were quick to … [Read more...] about Bitcoin correction heralded as a ‘BTD’ opportunity, but what about DeFi?
Correction
Pros say Bitcoin’s ‘very healthy’ correction ‘builds ground for more stable growth’
Bitcoin and the wider cryptocurrency market took a beating in the late hours of April 22 and intense selling saw (BTC) price dip below $48,000 in a move that came as a relief to quant analysts like PlanB who were worried that the price growth was showing signs of being inorganic. A variety of factors have been identified as being the cause of the drop in price, including an … [Read more...] about Pros say Bitcoin’s ‘very healthy’ correction ‘builds ground for more stable growth’
Bitcoin market cap back below $1 trillion as correction deepens
As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again.The third major correction in the current bull market is deepening and prices are already down 12.5% from their all-time high of $60,100 on March 13.According to CoinGecko, the BTC market capitalization is currently $980 billion, having dropped $140 … [Read more...] about Bitcoin market cap back below $1 trillion as correction deepens
Bitcoin price faces downside correction after flirting with $62k
Bitcoin (BTC) price reached a new all-time high of $61,803 on 13 March 2021 Last weekend, BTC price pushed past resistance at $58,000 and $59,000 to reach the landmark $60,000 level against the US dollar. The cryptocurrency even broke above $61k to register a new all-time high of $61,883. However, although still in a bullish uptrend, Bitcoin price looks set for a short-term … [Read more...] about Bitcoin price faces downside correction after flirting with $62k