Speaking to traders as BTC/USD recovered from its worst day on record, the trading veteran said he believed markets still needed more pain. Bitcoin (BTC) likely bottomed when it hit $3,700 this week but will likely dive below $5,000 one more time, says Tone Vays. In the latest edition of his Trading Bitcoin YouTube series…
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Source: iStock/t_kimura Following the massacre in the broader crypto market on Thursday, major altcoins have already started to recoup some of their losses, with some cryptoassets now showing positive returns over the past 24 hours. Despite a sea of red in the crypto market, altcoins such as litecoin (LTC), tezos (XTZ), and stellar (XLM), were…
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Market experts Naeem Aslam and Charlie Burton explain how to make a profit off the sharpest intraday Bitcoin meltdown. Bitcoin just suffered a 40% price crash while global markets were shaken at their core by the Coronavirus pandemic. Chief market analyst Naeem Aslam and veteran trader Charlie Burton told Cointelegraph what sense they make of…
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The crypto market collapse has triggered system-wide MakerDAO loan failures, sparking an upcoming community vote and the project’s first-ever Debt Auction. MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project’s first-ever Debt…
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The NYDFS has sent a letter to all regulated institutions engaged in crypto-related activities, asking them to submit detailed plans for weathering the coronavirus crisis. New York City’s mayor Bill de Blasio declared a state of emergency in response to the coronavirus outbreak yesterday. “The only analogy is war,” he said — and the consequences…
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An industry researcher initially gives credence to the idea that BitMEX was negligent in the face of crashing Bitcoin, but then U-turned on the idea. Trading giant BitMEX is at the center of attention after unexpected downtime sparked rumors of foul play as Bitcoin (BTC) fell as low as $3,700. According to a tweet from…
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Not all banks appear to be complying with the Supreme Court’s ruling in favor of providing services to crypto-related firms. Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to overturn a circular from the…
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Following Bitcoin’s flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip. Following Bitcoin’s (BTC) flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip. In a tweet posted on March 13, Snowden — famous for disclosing top-secret documents that revealed the extent of American and British global surveillance operations —…
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The past 3-4 sessions saw a significant drop in bitcoin price from well above USD 8,000 to well below USD 5,000. BTC/USD lost more than 50% and even tested the USD 4,000 area. The price is currently (09:00 UTC) recovering above USD 5,000, but there are many resistances waiting on the upside. Similarly, most major…
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Today Bitcoin price dropped more than 50% to a new 2020 low below $5,000, what should traders expect next? After a tumultuous day of trading which saw Bitcoin (BTC) price drop 28.35% from $7,650 to $5,500, the carnage restarted at 11:00 (UTC) when Bitcoin abruptly dropped another 24%. This brought the price to $4,679, a…
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