Why did Bitcoin drop? Analysts point to 5 potential reasons

Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop.

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Key Bitcoin Metrics Signal Potential Bull Run Despite Price Drop

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Bitcoin: The current crash marks the 2nd such drop, and this could mean...

Bitcoin's dominance has dropped to nearly 40% and this drop is the result of the May 19 flash crash. Such crashes have changed market dynamics and influenced trader sentiment in the past, and they conThe post Bitcoin: The current crash marks the 2nd such drop, and this could mean... appeared first on AMBCrypto.

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Black Thursday All Over Again? Analyst Explains Bitcoin Could Drop to $30,000

Bitcoin has been trending down for five days now. Another piece of bad news came Wednesday, as the People’s Bank of China said digital tokens can’t be used as a form of payment. After the announcement, both BTC and ETH saw a 5% drop.

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Bitcoin (BTC) Price Analysis: A Bounce Off Before Further Drop or New All-Time High?

Is the current growth wave of Bitcoin (BTC) the last one before a drop below $29,000?

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These 4 Trends Show That Bitcoin’s Likely to Move Higher After 20% Drop

Bitcoin is technically in no man’s land a number of analysts have said after the crypto’s recent drop. The cryptocurrency, in fact, is below the $11,000 resistance, where BTC was rejected last week.

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Bitcoin options still bullish despite this week’s $900 BTC price drop

Retail traders were rattled by Bitcoin’s $900 drop but BTC options data remains bullish ahead of Friday’s expiry.

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Here’s Why Bitcoin’s Macro Chart Remains Bullish Despite $12k Rejection

Earlier this month, Bitcoin was rejected at the pivotal $12,000 resistance level after recovering from a drop to $11,000. The cryptocurrency proceeded to drop as low as $9,800, with the market selling the failed breakout attempt.

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Bitcoin's drop to $10,000 isn't reason enough to sell

It feels weird writing about Bitcoin's drop to $10,000 since usually, the headlines are all about Bitcoin's rise above $10,000. However, with the market as bullish as it is now, a drop to $10,000 seemThe post Bitcoin's drop to $10,000 isn't reason enough to sell appeared first on AMBCrypto.

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Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further

Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible.

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Markets Flip from Bulls to Bears, Even a 40% Drop isn’t Unlikely

After keeping steady for weeks, bitcoin volatility is back. On June 10th, Bitcoin had a fake breakout only to drop to $9,000 yesterday. The digital asset moved downwards in line with the US stocks that posted losses of at least 5.

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Bitcoin movement spooks the market, resulting in a 5% drop

A recent movement of old bitcoin has spooked the cryptocurrency market, resulting in a ~5.2% drop over the course of an hour.

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7% Bitcoin Drop on Satoshi Fears Shows Why Ethereum Is Dangerous to Own

Bitcoin sustained a strong 7% drop ($9,800 to $9,100) on Wednesday after trading in a holding pattern around $9,800 for multiple days in succession. The leading crypto’s drop coincided with news that one of the first few thousand BTC addresses just made its first transaction.

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Bitcoin Ends Four-Week Winning Run With Drop Into Bear Territory

Bitcoin's short-term trend has turned bearish following a drop to $6,600. Further losses could be in the offing, say chart analysts.

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Bitcoin Futures in contango with spot prices: Drop to $6,600 soon?

At the time of writing, Bitcoin was priced at $6,900 with a market cap of $125 billion, having recorded a drop of 1% over the last 24-hours. However, the price did register a 7. 61% drop on Friday.

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Bitcoin Relief Rally Above $5K Unsustainable; A Further 50% Drop Expected To Reach Bottom

In the last few weeks, Bitcoin has suffered a more than 60% drop from its year high $10,000. Last week, Bitcoin suffered its worst drop as it dipped below $5,000.   A relief rally at the start of the week held much promise.

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Bitcoin hodling sentiment on the rise despite price drop

Even as the market wakes up to a bearish drop, the outcome of a week that saw significant sideways movement, all is not lost. Bitcoin's 'hodling' ambitions still remain intact, even after the price drThe post Bitcoin hodling sentiment on the rise despite price drop appeared first on AMBCrypto.

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This Odd Factor Suggests Bitcoin’s Bull Case is Rapidly Building After 20% Drop

After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after the nearly 20% drop it...

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Why Bitcoin is Perfectly on Track for Parabolic Cycle Despite 50% Drop

Bitcoin experienced a sharp and sudden drop earlier this morning that led the crypto as low as $6,400, and its reaction to this level has provided some much-needed validation for embattled bulls who feared that BTC would experience significantly further losses.

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Bitcoin Dips Below $7,000, is a Sharp Correction to $6000s Unavoidable?

Bitcoin drops below $7,000 on BitMEX in an abrupt drop as traders prepare for a bigger drop.

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Bitcoin Looks South After Price Squeeze Ends With Drop to $9.6K

Bitcoin's low-volatility price squeeze has ended with a downside break. The cryptocurrency may now drop toward $9,320 in the short term.

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Today’s Bitcoin Drop Driven by Massive Volume Influx

Bitcoin has been facing a bout of sideways trading for the past several days, but today’s drop to below $10,200 may spell trouble for the cryptocurrency’s near-term price action and may point to the possibility that BTC will soon revisit its nearest level of major support at $10,000.

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Bitcoin Risks Slide to $9.5K After Sudden $700 Price Drop

Bitcoin may fall back to recent lows below $9,500, having strengthened the short-term bearish case with a $700 drop earlier today.

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Billionaire: Bitcoin Unlikely to Drop to $5k, But Drop to $8.5k Would Spark Nervousness

Bitcoin (BTC) and the aggregated crypto markets have been facing a bout of significantly choppy trading as of late, which has left many analysts and traders alike scratching their heads as to where the markets could go next.

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No, Bitcoin Did Not Drop Because of Fed’s Concerns with Facebook’s Libra

Bitcoin and the aggregated crypto markets plummeted over the past day after BTC failed to stabilize in the $13,000 region and incurred a sudden influx of selling pressure that sent it spiraling downwards.

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Bitcoin Price Retests $8,000 Following 21.37% Drop – Is $11,000 Next?

Bitcoin has made a come back following three days of depressive price movements that led to a 21. 37 percent drop. The world’s leading cryptocurrency started Sunday while trending in positive territory.

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Bitcoin Suffers Biggest Intraday Price Drop for Over a Year

Amid extremely overbought conditions, bitcoin has fallen by $1,700 on Friday – its biggest intraday price drop since January 2018.

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New China Crypto Mining Rumor: BitFish’s F2Pool Disconnects BTC ASICs Causing Bitcoin Hashrate to Drop

While some of the ongoing rumours can neither be confirmed or denied, it is being reported all over the internet that the recent drop in Bitcoin’s native hashrate has forced a large number of crypto mining rigs within China to be turned off— primarily because this business avenue no longer seems to be profitable. According […]

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BTC/USD Price Analysis: Hash Rate and Difficulty Drop, Bottoms Near

Latest Bitcoin News For the first time this year, Bitcoin prices did print below the $5,000 mark at CoinBase as reported and affirmed by statistics from CMC. While the losses were across the board, the marked drop in Bitcoin prices did shave the overall security and efficiency of the market.

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Bitcoin Price Analysis: BTC Plummets Below the Important Long-Term $6,000 Support Handle — Will It Drop Further?

The recent market collapse has seen Bitcoin price drop to a 12-month low. The market has broken through a… The post Bitcoin Price Analysis: BTC Plummets Below the Important Long-Term $6,000 Support Handle — Will It Drop Further? appeared first on Invest In Blockchain.

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Bitcoin Price Faces Drop to $6.1K After Range Breakdown

The bear grip on bitcoin has likely strengthened following yesterday's drop to two-week lows.

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4 Reasons Why Bitcoin's Price Could Now Drop to $6K

Bitcoin's sudden drop to three-week lows has turned the tide in favor of the bears. So is $6,000 the next stop?

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Bitcoin Expert Warns Of A Looming Drop

Yesterday, the price of Bitcoin dropped below the $6,500 mark as it fell below a key price point. According to this crypto expert, this is a sign that there is a looming drop round the corner for the crypto… Despite only a small drop, the price of Bitcoin fell below a crucial price point which is known as a ‘horizontal support’ which could very well be a sign that a significant drop is going to happen.

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Slow Bitcoin Recovery Elevates Risk of $6K Decline

Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did

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Bitcoin Recovery Stalls Raising Risk of Price Drop

Bitcoin will likely drop below $6,000 this week, with bearish indicators still littering short- and long-term charts.

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Hodler’s Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market

This week in crypto, the SEC finally decided that Ethereum is not a security, Bitcoin’s price drop is revealed (allegedly) to be due to Bitcoin future contracts expiring, and more in the Hodler’s Digest

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Bitcoin: Fundstrat’s Tom Lee places the onus of BTC crash on futures

Bitcoin has seen a major downfall in its market strength over the past week with a drop of about 20% in its price. According to Thomas Lee, the Head of Research at Fundstrat Global Advisors, this steep plunge is due to the expiration of futures contracts linked with Bitcoin [BTC] on Cboe and CME. Lee […]

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Bitcoin Price Drop Caused by Futures Expiration, Tom Lee Says

Thomas Lee, Co-founder and head of research at Fundstrat Global Advisors, ties the recent decline in Bitcoin (BTC) price with the expiration of Bitcoin futures. Tom Lee Blames Futures Expiration Among Other Factors In an interview for Bloomberg, Tom Lee explained that the weakness in the market’s first and foremost cryptocurrency was the result of futures contracts expiring.

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Price Analysis: Factom Creates New Yearly Lows As Prices Find Short Term Support Against Bitcoin

Factom has started to experience another turbulent month in June as prices drop further this past week. Over the… The post Price Analysis: Factom Creates New Yearly Lows As Prices Find Short Term Support Against Bitcoin appeared first on Invest In Blockchain.

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Bitcoin Price Drop To $3200 Would Still Continue Uptrend, Fundstrat Confirms

The price of Bitcoin may be heading down to $3200, new research has warned — as the first and foremost cryptocurrency fails to find support at its April lows of $6450. The Bigger Picture In a detailed transaction analysis released June 13, Fundstrat Global Advisors concluded that — due to the lack of support — BTC/USD could hit February’s $6900 low before rebounding and subsequently falling further to somewhere between $5000 and $5500.

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Bitcoin [BTC] prices plummet to a bearish low

Bitcoin today hit a new bottom of $6.404 since the month of February. At the time of writing, Bitcoin had a market cap of $110 billion. The reasons behind the steep drop in BTC prices are speculated to be the crypto market crash of last week amalgamated with the negative publicity of cryptocurrencies in recent […]

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Bitcoin on Its Way to $3,000 and is Hauling Altcoins With It-IOTA, EOS, Tron, Litecoin and Stellar Lumens Technical Analysis (June 14, 2018)

The crypto markets is down $30 billion in the last 24 hours alone with Litecoin registering new 2018 lows. While this is happening, IOTA is likely to drop below $1 as EOS, Stellar and Tron grapple with sell pressure.

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Bitcoin Target %6K Bottom After 4- Month Low

As a result, the price fell to $6,370 on Bitfinex today, the lowest level since Feb. 6. At press time, bitcoin was slightly higher at $6,453. The drop to the four-month low has bolstered the already bearish technical setup and raised the odds of a sell-off to $6,000 (February low). Weekly chart The downside break

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Dead Cat Bounce? Bitcoin Cost Recuperation May be Short-Lived

Bitcoin (BTC) is looking to regain poise after its drop to two-month lows on Sunday, but the recovery will likely be short-lived, the technical charts indicate. Further, the long duration charts have turned bearish, so holding on to gains above $7,000 will be a challenge for BTC’s bulls. Hence, the recovery could turn out to

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Binance CEO: Bitcoin Price Drop is Business as Usual

Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange by means of trading volumes, said that the recent decline in Bitcoin’s price is historically normal.   Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has reached recently reached its’ three-month low.

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Bitcoin Rebound Not Likely in the Short-Term, Analysts Eye $7,777 to Signal Uptrend

According to experts at Fundstrat, the price drop of Bitcoin to below $7,000, a two-month low, indicates that the coin will have a difficult time recovering in the short-term. Bitcoin Uptrend Coming Robert Sluymer, technical strategist at Fundstrat Global Advisors believes that $7,777 is the key level Bitcoin will have to reach to signal an.

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Bitcoin Price Drop: Is this the Best Time to Buy?

By 2 PM (EST) on June 11, 2018, Bitcoin, the number one cryptocurrency, had dropped almost $1,000 from its price, trading at $6,700. BTC is now trading at its lowest value since the middle of March 2018.

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Bitcoin [BTC] & EOS – The showstoppers – Sentiment Analysis – June 10

A smooth and gentle market turned red again this Saturday night when Bitcoin, Ripple and other cryptocurrencies dropped dramatically over a 2 hour period. Bitcoin was comfortably trading at $7600 when this sudden drop pulled the prices back down to $7100.

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Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.

Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York.

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