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Tag Archives: Slump

Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump

Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading ...

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Bitcoin Latest Update: Bitcoin Current Slump in Price Hasn’t Affected the number of Investors Going for Bitcoin (BTC), Bitwise CEO Says – BTC News Today

Recent price movement on the charts indicates that the world’s largest cryptocurrency by market cap Bitcoin (BTC) has remained in its price slump over the past few weeks. This is especially true following the bear market crash that saw majority of the top major digital assets sip on the price ladder. Despite the bear market crash, there has been a ...

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More Chinese Miners Selling Short Following Crypto Market Slump

Chinese miners are reportedly becoming the biggest short sellers both locally and internationally, following an increased number of hedging operations in the current bear market, Chinese crypto outlet 8BTC reported Thursday, Dec. 6. The severe cryptocurrency market decline in the last month has reportedly caused new generation miners to start hedging their coins to avoid market risks. At the same ...

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Crypto Coverage in Media Peaked Following Market Slump

A recent study by blockchain-oriented research firm Clovr found that cryptocurrency coverage in the mainstream media spikes when the market drops off. The analysis tracked the correlation between coverage on crypto values over the past five years and the sentiments of published materials. Source: Clovr In the course of its research, Clovr surveyed 48 mainstream U.S.-based and international media outlets ...

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Bitcoin Rally | Cryptocurrency Makes a Comeback After Major Slump

Many in the financial world this week were claiming Bitcoin was “dead” after it hit its 2018 record lows this week. What they didn’t predict was a Bitcoin rally. On Sunday, the world’s first digital currency hit just above $3,600 a coin, which is the coin’s record-low this year. Bitcoin hadn’t seen below $3,700 since mid-September 2017, and this past ...

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Price Slump to Continue, With Bitcoin Bottoming Out at $3,000

Michael Moro, the CEO of cryptocurrency trading companies Genesis Trading and Genesis Capital Trading, said that the Bitcoin (BTC) price could bottom at $3,000 in an interview with CNBC Nov. 23. Speaking on CNBC’s “Squawk Box,” Moro suggested that the leading cryptocurrency will lose another 30 percent before bottoming at $3,000. Moro said, “You really won’t find [the floor] until ...

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Dogecoin Price Rally Postponed as all Markets Face Another Slump

Even though it appeared as if most cryptocurrencies would recover some of their lost value today, the momentum is already turning against the top currencies once again. So far, Dogecoin manages to retain its small gains over the past few hours, which is always promising. Whether or not it can sustain the value of $0.0023 is very difficult to predict ...

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