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“# Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut ” The dollar value of Bitcoin (BTC) jumped 20% overnight leading into Jan. 12, as the world’s most well-known cryptocurrency recovered swiftly from a 27% decline suffered just days before. The broader cryptocurrency market followed suit on Tuesday, as over $150…
“# Where does this 28% Bitcoin price drop rank in history? Not even in the top 5 ” Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context. As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period between…
“# Grayscale reopens crypto trusts for investment as Bitcoin price climbs ” Digital asset investment manager Grayscale has resumed accepting new investments into almost all of its cryptocurrency trusts. The investment manager had paused new inflows into six of its trusts in late December 2020, just as the six-month lock-up period for selling recently-purchased shares…
“# Trader cries foul play as $30K Bitcoin price dip ends in biggest-ever daily recovery ” Bitcoin (BTC) saw its most successful recovery in history on Jan. 12 after testing $30,000 support, but market participants are already suspicious. Data from Cointelegraph Markets and TradingView followed Bitcoin as it swiftly bounced off lows of $30,250 late…
“# EToro slammed for short-notice halt to BTC margin trading amid ATH price surge ” A Wall Street Journal report published Jan. 12 claims European eToro users were given just four hours notice that the platform’s margin trading services would be halted on Friday. EToro users were informed they must increase their margin collateral to…
“# Analysts say Bitcoin price drop to $30K was ‘healthy and necessary’ ” The euphoria in the cryptocurrency market was quelled on Jan.11 as the majority of altcoins saw their prices decline by more than 20% as Bitcoin price sold off sharply. After falling below the $40,000 support level on Jan. 10, selling pressure for…
“# Profit taking? Institutional crypto fund inflows drop 97% in three weeks ” Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the…
“# Hold your horses! $9K Bitcoin price drop not a trend change, data says ” After Bitcoin (BTC) price flirted with a $42,000 all-time high on Jan. 8, it stabilized in a tightening range between $39,000 to $41,500 for two days and the pennant structure on the shorter-term timeframes hinted that a breakout to $45,000…
“# Bitcoin’s recent correction could be retail-driven, Nexo CEO speculates ” The price of Bitcoin (BTC) has dropped substantially since Jan. 8, totalling a decline of more than $10,000 at time of publication. Retail investors could be part of the rationale behind the drop, according to Nexo CEO Antoni Trenchev. “The price correction we’re seeing…
“# CNBC’s Jim Cramer says he won’t buy Bitcoin above $20K following 20% crash ” Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash. In an interview with TheStreet, Jim Cramer said he still believed…