“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said in an email. CoinDesk reached out to BTCTurk, one of a handful of local exchanges offering lira-BTC trades for comment, but … [Read more...] about Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
tumbles
Bitcoin price tumbles to ‘final support’ as trader warns of $24K BTC price target
Bitcoin (BTC) dropped to its "final support zone" above $31,000 on July 15 as a low grind downward brought fresh predictions of a BTC price crash.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance debacle spreads as $32,000 fallsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting fresh local lows of $31,550 on Thursday.The pair had made … [Read more...] about Bitcoin price tumbles to ‘final support’ as trader warns of $24K BTC price target
Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K
Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned.The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately 10% intraday drop. In doing so, it raised the prospect of retesting its quarter-to-date low of $30,000 for either a bearish … [Read more...] about Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K
Bitcoin tumbles to $36K as Ark’s Cathie Wood addresses BTC regulatory fears
Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits.The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an intraday low of $36,410 ahead of the London opening bell on Friday, showcasing upside resilience among traders … [Read more...] about Bitcoin tumbles to $36K as Ark’s Cathie Wood addresses BTC regulatory fears
Bitcoin tumbles 10% in 12 hours to trade below $50,000
The price of Bitcoin has fallen below $50,000 for the first time since March, with BTC shedding roughly 10% in the last 12 hours.On April 17, the $60,000 range was rejected, driving a crash in the Bitcoin price of nearly 20% in a single hour. While the markets consolidated near $55,000 for several days, bulls failed to defend the range on April 22, resulting in sustained … [Read more...] about Bitcoin tumbles 10% in 12 hours to trade below $50,000