Bitcoin wachstumsrate

May 2, 2021 / Rating: 4.8 / Views: 713

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Bitcoin in freefall

Traders watched as Bitcoin (BTC) fell to the lowest levels for 2018 this morning after quite a large sell off in the cryptocurrency market. At the time of writing this article, Bitcoin is sitting at ,755 after hitting a low point of ,665. Incredibly, Bitcoin has opened the session at ,295. However, even with the slight recovery, this represents more than 7.7% decline in just 24 hours. Needless to say, Alt Coins were also impacted by this decline with a huge sell off in some cases. According to Coin Market Cap, Basic Attention Token (BAT) is one of the most notable losers with 20.25% shaved off yesterday’s price. With more than billion disappearing from the crypto markets in just 24 hours, the markets are back to trading sideways. Also, many traders predict further declines across the board and the buying volume is low even in spite of dropping so hard. At the same time, there are just as many analysts who feel that this significant decline is due to manipulation. After all, there was no catalyst for the decline and the markets had been trading sideways for the previous months. More specifically, it’s widely thought that “Bitcoin whales” are pushing down the price of cryptocurrency down in order to liquidate weak sellers. With the Bitcoin Cash fork due to take place shortly, it has also been suggested that those involved have sold their Bitcoin in lieu of the fork. That being said, this is merely speculation and unlikely the cause of this mornings movement. At the time of writing, the cryptocurrency market cap is 7 Billion. Traders watched as Bitcoin (BTC) fell to the lowest levels for 2018 this morning after quite a large sell off in the cryptocurrency market. At the time of writing this article, Bitcoin is sitting at ,755 after hitting a low point of ,665. Incredibly, Bitcoin has opened the session at ,295. However, even with the slight recovery, this represents more than 7.7% decline in just 24 hours. Needless to say, Alt Coins were also impacted by this decline with a huge sell off in some cases. According to Coin Market Cap, Basic Attention Token (BAT) is one of the most notable losers with 20.25% shaved off yesterday’s price. With more than billion disappearing from the crypto markets in just 24 hours, the markets are back to trading sideways. Also, many traders predict further declines across the board and the buying volume is low even in spite of dropping so hard. At the same time, there are just as many analysts who feel that this significant decline is due to manipulation. After all, there was no catalyst for the decline and the markets had been trading sideways for the previous months. More specifically, it’s widely thought that “Bitcoin whales” are pushing down the price of cryptocurrency down in order to liquidate weak sellers. With the Bitcoin Cash fork due to take place shortly, it has also been suggested that those involved have sold their Bitcoin in lieu of the fork. That being said, this is merely speculation and unlikely the cause of this mornings movement. At the time of writing, the cryptocurrency market cap is 7 Billion.

date: 02-May-2021 11:22next


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