blockchain

Bitcoin price crash to $50k was due to a power outage at a mining hub within China – Analyst

TL; DR Breakdown Bitcoin recently experienced a flash crash that took it from the $60k to the $50k range Analyst Willy Woo thinks a power outage within China could be the cause Some individuals don’t agree with this assessment Late last week, Bitcoin skilled a rather shocking flash-crash that will saw the top coin plummet back […]#@@#@!!…

blockchain

China’s Xinjiang Blackout and Bitcoin Hashrate Correction Caused BTC Price Crash

It’ s no less than a significant bloodbath in the crypto marketplace as the Bitcoin (BTC) cost is down 8. 5% tanking below $57, 000 levels. At press time, BTC is trading at a price of $$56, 971 having a market cap of $1. 089 trillion. This solid price crash resulted in nearly $10 billion in Bitcoin liquidations in an The particular post China’ s Xinjiang Blackout plus Bitcoin Hashrate Correction Caused BTC Price Crash appeared first upon Coingape . …

blockchain

Can Bitcoin Rally to $100K After Highest Weekly Close?

Bitcoin has made another milestone recording its highest ever weekly candle close. Analysts and investors are expecting this rally to continue into 2021 with some eyeing six-figure prices. …

blockchain

Bitcoin Price Analysis: Can BTC Surpass $20K Soon Despite The CME Gap?

Bitcoin price is recovering from yet another heavy sell-off this week after prices fell $1,600 on December 1 to a low of $18,100. Despite fears of BTC closing the substantial CME gap below between $18,275- $16,995 (see chart), bullish traders have managed to successfully drive prices back above the psychological $19,000 mark. If they can […] …

blockchain

Top fund manager thinks Ethereum DeFi shorts make little sense here

It’s been a brutal past two months for the DeFi market.
The post Top fund manager thinks Ethereum DeFi shorts make little sense here appeared first on CryptoSlate. …

blockchain

Bitcoin to $1 Million By 2025, Says Raoul Pal

Using a regression on the logarithmic chart since inception, Raoul Pal, CEO of Real Vision Group came up with a model that predicts Bitcoin at $1 Million by 2025.
The post Bitcoin to $1 Million By 2025, Says Raoul Pal appeared first on CryptoPotato. …

blockchain

S&P 500 To Hit 4,000 In 12 Months, Veteran Strategist Predicts: Bullish For Bitcoin?

Despite the COVID-19 pandemic, prominent strategist believes the S&P 500 will reach 4,000 in a year. Will this be bullish for Bitcoin?
The post S&P 500 To Hit 4,000 In 12 Months, Veteran Strategist Predicts: Bullish For Bitcoin? appeared first on CryptoPotato. …

blockchain

Robinhood Secures $280M in Series F Funding, Plans to Expand Globally

In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation.  The funding will drive a push to expand the platform globally.  Robinhood also plans on scaling the platform and offering more products to users.  The team at the popular trading platform of Robinhood has announced that the firm has secured $280 Million series F funding after an $8.3 Billion valuation. The round of funding was lead by Sequoia Capital which is an existing investor of […] …

blockchain

EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash

In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.  Such an event had not been anticipated by the team at the EMX exchange.  The team halted trading of its USOIL-Perp contract.  Trading of the perpetual contract is yet to be reopened as the team decides on a way forward. Yesterday’s price movement of US Crude Oil shocked everyone. The majority of traders were confident that the price of the […] …