3 Reasons Why Bitcoin (BTC) Is Dropping Below $30,000

2023-7-7 15:21

Cryptocurrency market getting 'reality-checked' after first cryptocurrency plunges below $30,000 for brief moment

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Bitcoin Emerges As the King Of Assets,10X Growth Over Gold During US Banking Crisis

Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis.

2023-4-29 23:00


Ethereum Exchange Inflows Trigger Drop Below $2,080: Will It Slide Lower This Week?

Ethereum, the second-largest cryptocurrency by market cap, is facing another bout of turbulence as it experiences a fresh influx of coins into exchange addresses.   According to recent data, this surge in Ethereum inflows is reminiscent of a similar occurrence that coincided with a drop in the cryptocurrency’s value below the $2,080 mark.

2023-4-27 14:13


Bitcoin Traders Count Losses As Total Liquidations Approach $300 Million

Bitcoin (BTC) traders have experienced a tough week as the cryptocurrency dipped below $30,000, causing panic among traders who shorted Bitcoin in the hope of the asset’s price moving upwards.   According to data provider Coinglass, many traders are counting their losses, and a record of approximately 87,977 traders have liquidated over the past 24 hours, totaling $291 million and counting.

2023-4-20 07:20


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CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000

The cryptocurrency market cap saw net outflows of $40 billion over the last 24 hours and currently stands at $1.12 trillion — down 3.42% from $1.16 trillion. The post CryptoSlate wMarket Update: CFTC’s Binance lawsuit puts bears in control of market — pushes BTC below $27,000 appeared first on CryptoSlate.

2023-3-28 14:45