Crash

XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

Source Node: https://bitcoinist.com/xrp-forms-crushing-textbook-reversal-sign-after-30-explosion/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-forms-crushing-textbook-reversal-sign-after-30-explosion
Time Stamp: August 4, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD

The Bulls Are Back in the Digital Asset Market

Source Node: https://www.bitcoinmarketjournal.com/the-bulls-are-back-in-the-digital-asset-market/
Time Stamp: August 3, 2020 3:03 PM - Modified On: May 21, 2021 - Published By:
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Hope you had an excellent weekend. It’s become a bit of a rarity lately while bitcoin was sitting flat, but now that crypto is in a bull market again, I suppose it makes sense to see some volatility over the weekend. Hope it’s not surprising to anyone. Stocks are moving up, precious metals are marching higher, and capital is flowing toward new age financial technology in a way that we’ve never really seen before. There’s a lot more liquidity these days, and it has been floating into all sorts of

Ethereum DeFi’s Ampleforth (AMPL) Drops 20% Despite “Whale” Accumulation

Source Node: https://bitcoinist.com/ethereum-defis-ampleforth-ampl-drops-20/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-defis-ampleforth-ampl-drops-20
Time Stamp: August 2, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Ampleforth (AMPL) has been one of the top-performing cryptocurrencies over the past month. The asset, whose long-term price performance is measured by its market capitalization rather than its nominal price, gained ~5,000% in July. The asset has seen a steep correction over the past week as the focus of crypto investors has been on Bitcoin and Ethereum. After a recovery, AMPL is dropping once again. This drop comes in spite of positive on-chain and social media signs, according to blockchain analytics firm Santiment. Ampleforth Drops 20% Despite On-Chain Data Indicating

Ethereum’s Compound (COMP) Slides to Multi-Month Low Despite DeFi Explosion

Source Node: https://bitcoinist.com/ethereums-compound-comp-slides-multi-month-low/?utm_source=rss&utm_medium=rss&utm_campaign=ethereums-compound-comp-slides-multi-month-low
Time Stamp: August 2, 2020 4:30 PM - Modified On: May 21, 2021 - Published By:
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While Bitcoin and Ethereum have seen notable bounces since imploding on Saturday evening, Compound and other altcoins are underperforming. The Ethereum-based coin is down 7.5% in the past 24 hours as per data from Coin Market Cap. This comes in spite of the fact that decentralized finance (DeFi), which Compound is a market leader in, has seen strong adoption. Altcoins could see further losses against Bitcoin and the dollar if the market leaders continue to undergo bouts of volatility. Compound Slides Lower In Spite of DeFi Strength The Ethereum-based Compound

Novogratz’ Galaxy Digital Continues Losing Streak in 2019, Posts $33M Q4 Loss

Source Node: https://cointelegraph.com/news/novogratz-galaxy-digital-continues-losing-streak-in-2019-posts-33m-q4-loss
Time Stamp: April 9, 2020 3:04 PM - Modified On: May 21, 2021 - Published By:
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Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019.According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital assets” and operating expenses as causes for the loss.Galaxy Digital has posted repetitive losses since its founding in 2018Galaxy Digital was officially founded in early 2018 with the mission to institutionalize the crypto industry. Since then,

Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations

Source Node: https://cointelegraph.com/news/former-bakkt-ceo-to-sell-all-holdings-after-insider-trading-accusations
Time Stamp: April 9, 2020 9:07 AM - Modified On: May 21, 2021 - Published By:
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Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings with her husband.In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that owns Bitcoin (BTC) options contracts regulator Bakkt, are liquidating their holdings in managed accounts to focus on tackling the coronavirus situation.“I’m doing it because the issue isn’t worth the distraction”The former CEO of Bakkt has also published an opinion piece in

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/fear-greed-and-the-evolution-of-money-in-the-age-of-the-coronavirus-pandemic
Time Stamp: April 9, 2020 4:24 AM - Modified On: May 21, 2021 - Published By:
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The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night.We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked

COVID-19 Has Reduced the Risk of a Post-Halving Price Dump

Source Node: https://cointelegraph.com/news/covid-19-has-reduced-the-risk-of-a-post-halving-price-dump
Time Stamp: April 9, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:
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The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe.Earlier today Chainalysis brought together a group of industry experts for an online panel to discuss the impact of COVID-19 on Bitcoin and what it means for the future.Chris Bendikson, Head of Research at CoinShares, said he believed the recent price crash in March had prepared miners early for the halving, which will reduce the sudden impact it could have had on their profitability. Those

Here’s How the Crypto Sector Is Navigating the Pandemic’s Challenges

Source Node: https://cointelegraph.com/news/heres-how-the-crypto-sector-is-navigating-the-pandemics-challenges
Time Stamp: April 8, 2020 12:01 PM - Modified On: May 21, 2021 - Published By:
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Despite hopes that a peak of the coronavirus cases is near, the pandemic continues to impact almost every aspect of daily life, becoming a rolling news ticker in itself. When such a disaster strikes, it can be easy to go through each day devouring the latest news as it occurs and digesting each piece as a story by itself without forming an overall picture.This pandemic is a seismic event with far-reaching impacts across different sectors, and crypto is no exception. In fact, because cryptocurrency markets move at breakneck speeds, the

Tim Draper Suggests COVID-19 Pandemic Could Be Bitcoin’s Tipping Point

Source Node: https://insidebitcoins.com/news/tim-draper-suggests-covid-19-pandemic-could-be-bitcoins-tipping-point/257242
Time Stamp: April 8, 2020 11:44 AM - Modified On: May 21, 2021 - Published By:
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The 2020 stock market crash was triggered by the coronavirus pandemic that has affected two of the biggest economies in the world, the US and China, the most. Now that the number of infections and deaths is rising in the US, Bitcoin’s status must be tested too.Tim Draper talks BitcoinThe US economy may need as much as $7 trillion+ in bailouts to continue sustaining. Longtime Bitcoin bull Tim Draper said that this could give cryptocurrencies and other emerging technologies a chance to flourish. He talked specifically about Bitcoin and smart

OTC Spreads Exceeded 10% Amid Bitcoin’s Violent March Crash

Source Node: https://cointelegraph.com/news/otc-spreads-exceeded-10-amid-bitcoins-violent-march-crash
Time Stamp: April 8, 2020 8:52 AM - Modified On: May 21, 2021 - Published By:
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Over-the-counter (OTC) liquidity provider B2C2 has published a report analyzing the trading spreads exhibited across its Bitcoin (BTC) market and three leading institution-facing spot exchanges throughout March.The study finds that spreads widened significantly amid the dramatic crash of March 12–13, the largest drop in the price of Bitcoin since 2013.Bitcoin order spreads exceed 10% immediately on March 13As the crash began on March 12, bid-ask spreads for batches of 25 BTC bounced from close to single-digit basis points to 200 on its platform — equating to roughly 5%. The report also