Arthur Hayes of Bitmex, the largest volume Bitcoin exchange, has predicted that we will see a large decline in Bitcoin price and trading volume, as Chinese New Year celebrations kick-off. He has been an official Fool since 2006 but a jester all his life. March 09, 2020, 16:15 IST; In 24 hours, nearly $26 billion wiped off cryptocurrency market following massive cutback on oil prices reported … In our investigative reports and exclusive stories, we also may … I'm not saying that this will happen but the risk is not zero percent. Crypto: Prediction: Accuracy : CVIX: Price: 24h: 7d: Market Cap : Volume 24h: 1: BTC: Bitcoin predictions: 84.4%: 23: $62 996.50 0.32% 8.98%: $1 177 001 414 759: $60 989 724 596: 2: ETH: Ethereum predictions: 62.4%: 80: $2 474.85 5.33% 19.72%: $285 794 323 496: $32 128 904 822: 3: BNB: Binance Coin predictions: 60.4%: 85: $551.96-0.11% 32.67%: $85 296 364 469: $5 103 968 365: 4: XRP: XRP … Cryptocurrency News Daily with Crypto Love. Crypto is about to split in two. I consent to my submitted data being collected and stored. You can't bet on these promising assets without accepting a large serving of risk. Live Tech. Elon Musk says Tesla is selling cars f Crypto Twitter is still catching on, with only a few users experiencing confusion about the situation. Hypoallergenic. In our category, you can also read about all the developments making ADA popular in the crypto space and all the updates about Cardano - known for attracting tons of traders on a regular basis. Today Ally Financial announced it has changed it's mind and won't allow its 1m+ customers to trade Bitcoin futures.... people are reading about how corrupt the crypto space is with the Coinbase insider trading scandal... and tomorrow morning they will all wake up to read about how it crashed... And they won't seperate out one coin from another... to them it's all the same and Bitcoin is the leader. …as it plunges back towards $50,000…. Makes specialized bitcoin mining computers, Converted $1.13 billion of long-term cash reserves into bitcoin. Ethereum, on the other hand, dropped 20% to around $1000 per token, while Ripple (XRP) lost a third of its value at the time of writing. Visit our. This is because Bitcoin is … Many investments with hooks into the cryptocurrency market fell hard on Friday, following an 11.6% drop in bitcoin prices in 24 hours. All the major names happen to be falling today, but their performance can vary widely from time to time. Ethereum is also down but is outperforming Bitcoin today, finding support relative to the biggest crypto…. Cryptocurrencies have gained the attention of large investment firms this year, a major reason behind bitcoin's big gains in recent months. The same is also true if Bitcoin’s price declines. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Will we see these markets continue to crash? If this year is anything like prior years, his forecast might be spot on. Anders Bylund is a Foolish Technology and Entertainment Specialist. In less than 24 hours, the price of Bitcoin declined from $46,605 to $44,964. BitStarz Player Lands $2,459,124 Record Win! Staying up to date with cryptocurrency news today will ensure you to hear all about the interesting coins that are out there - particularly the disruptive ones that could be mass adopted and are pushing the boundaries of the cryptocurrency industry forward. The regulatory framework for cryptocurrencies is still evolving, which adds to the market uncertainty. The sell-off went downhill as the day went on. South Korea’s largest crypto exchange Upbit under investigation for fraud. Ethereum price hits new all-time high amid crypto market frenzy. Source: Bloomberg. We’re here to explain why this is happening right now. The recent downfall left holders wonder why crypto is crashing and what it means. BTC’s market dominance in comparison to the 7,500+ coins in existence is 68% today, which is higher than it has been in quite some time. Fluctuations in the 10% range are very common for digital currencies. How can the entire crypto market crash like that? Bitcoin is the main trading pair with every other cryptocurrency or token on most major exchanges. 3 Reasons Why the Crypto Market is Crashing Today 1. February is historically bearish for crypto markets #Bitcoin: 1) June and July likely to … This means that if we have an event which causes a price decline (like many speculate the upcoming Chinese New Year to bring), then many Altcoins will suffer a greater decline in comparison to Bitcoin. We’re motley! Cryptocurrency was hit by a super quick flash crash of 10-30%. Bitcoin has only been around 11 years, but we … Japan’s largest cryptocurrency exchange is not shutting down, CEO refutes FUD. Here are 3 major reasons for why the crypto market has been in it’s recent slump, despite the hype surrounding Bitcoin’s upcoming halving. Today was simply not a good day for bitcoin and friends. Many Chinese traders have managed to continue trading in S. Korean and Japanese crypto markets to get around the ban domestically. In less than 24 hours, the price of Bitcoin declined from $46,605 to $44,964. XRP today has a market cap of $20bn (£14.9bn) and Ripple itself was valued at $10bn in its last funding round in 2019. With the exception of the micro-cap Ebang International, all of them have performed extremely well during the current bitcoin boom. Could you be next big winner. Bitcoin is the main trading pair with every other cryptocurrency or token on most major exchanges. By continuing to use this website you are giving consent to cookies being used. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Cryptocurrency Stocks Crashed Today @themotleyfool #stocks $MSTR $GBTC $MARA $RIOT $EBON $CLSK, Bitcoin Blasted Above $48,000 Today, Causing Bitcoin Stocks to Soar as Well, Elon Musk and Ray Dalio Send Bitcoin Stocks Soaring, Why Cryptocurrency Stocks Came Roaring Back Today, Here's Why Cryptocurrency Stocks Were Falling Today, Copyright, Trademark and Patent Information. According to the announcement by the New York attorney general’s office, “Attorney General James sues to shut down” the crypto trading platform and “to recoup defrauded funds for thousands of investors.” Noting that “Coinseed willfully ignored numerous securities and commodities registration laws,” the announcement elaborates: This year will be the year of the rat. Why do you think the market has been in a slump? However, look more closely and you’ll notice that after every time it goes down it increases to a new high. We’re here to explain why this is happening right now. Bitcoin Market Cap Drops 50% Bitcoin lost half its market cap since yesterday. 3 Reasons Why the Crypto Market is Crashing Today. World’s 4th largest crypto exchange Upbit raided over fraud charges, market goes deep red. Analysts Tuur Demeester of Adamant Capital and Willy Woo of Adaptive Capital have both insisted that Bitcoin is currently in heavy accumulation by institutional investors. The ADA news show how the price of Cardano managed to rise over the years - and how it will potentially rise in the coming days, weeks and months. Where the two markets intersect, you'll find his wheelhouse. At the same time, the big names can cause sudden price drops from time to time. Chinese New Year is right around the corner In two days, Chinese New year kicks off, and all of China celebrates in a... 2. Token prices nearly reached the $40,000 benchmark again before tumbling again today. Many Bitcoin investors believe that the upcoming halving will have a similar effect on price. Jeff, who’s the editor of Bonner & Partners’ Near Future Report, has 30 years of tech-investing experience. Dogecoin - the meme-inspired cryptocurrency that's become an … Bitcoin has only been around 11 years, but we can still analyze existing market data to forecast it’s yearly cycle. Capitulation occasion: Bitcoin and every single other resource had a few major squeezes as of late … 3 Reasons Why the Crypto Market is Crashing Today. Cryptocurrencies can be fun, exciting, and profitable -- but you can also lose sleep over their risky nature and sudden price drops. Bitcoin’s market cap … There was a big drop on Monday, Jan. 11, and a fairly steady climb back up during the rest of this week. Buy gift cards/mobile Top Ups with Cryptos. Other major cryptocurrencies experienced significant losses, including Ethereum (ether), Ripple (XRP), litecoin, bitcoin cash and dogecoin. $26 Billion gone in 24 hours in Crypto Market. As per the data from Coinmarketcap.com, market capitalization of cryptocurrencies was $26.43 billion from a day earlier at around 1:17 p.m. Singapore time. Bitcoin prices have largely been skyrocketing since early October 2020, rising from roughly $11,000 to more than $40,000 per token in a three-month span. Why did the cryptocurrencies crash today? Bitcoin’s HUGE daily drop sends cryptocurrency market crashing. Currently, out of the $629 billion crypto … Don't cry for the bitcoin specialists, though. On the one side: KYC-compliant digital currencies. If Bitcoin’s price rises, most other coins and tokens also rise, sometimes even outperforming Bitcoin itself in price action. Investing everything in a single cryptocurrency is a very bad idea, because a better version really could replace bitcoin at the top of the heap. Let us know in the comments! Since Bitcoin is the original crypto asset and market leader, every other coin is highly correlated to it. Since almost every other crypto is traded against Bitcoin on every major exchange, they tend to be deeply impacted by shifts in price, both positive and negative. Crypto markets are crashing this morning, down for the 4th straight day…. Images via Shutterstock, Twitter @TuurDemeester @NSquaredCrypto. For updates and exclusive offers enter your email. February is historically bearish for crypto markets. Bitcoin prices have largely been skyrocketing since early October 2020, rising from roughly $11,000 to more than $40,000 per token in a three-month span. — Sports Guy (@Jimbeamclassic) August 2, 2020. Today: Bitcoin sees a turn of events – crashes below $9000 mark. If you look at bitcoin’s history it has lots of ups and downs. This is from the impact of Chinese traders taking a few days away from crypto to celebrate the new year. Dogecoin - the meme-inspired cryptocurrency that's become an online cult favorite - plummeted by more than 20 percent to roughly 4.4 cents. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. So today, we invited Jeff Brown to share his thoughts on this latest crash. In two days, Chinese New year kicks off, and all of China celebrates in a big way. Why is crypto crashing: top factors influencing the slide yarina.press March 24, 2021 0 Comment 0 19. Source: Bloomberg. Crypto crash: After nearing record, Bitcoin plunges. Follow Anders on Twitter, LinkedIn, and Google+. Bolliger is right, of course. Source. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Read here: https://t.co/DkjedcF3RG pic.twitter.com/UpQotZUTdW, — Tuur Demeester (@TuurDemeester) April 18, 2019. If you're investing in cryptocurrencies today, it's probably best to divide your holdings between bitcoin and a few other respectable names such as Ethereum and Litecoin. Why did the cryptocurrencies crash today? Many expect the upcoming halving of new Bitcoins produced to cause prices to rise eventually, but it is usually a delayed phenomenon that doesn’t actually cause prices to rise until the increased scarcity is felt months later, as the decreased supply makes itself more apparent. All of that is after going through Friday's significant haircuts. Bitcoin (BTC) and the rest of the cryptocurrency space are getting hit hard with lots of blood in the streets. 1) June and July likely to be + a) could be longest + streak ever2) August right around the corner3) August typically bad, *AND* coincides with end of streak4) Most other #cryptos follow $BTC pic.twitter.com/4wHaCmHl8T, — Timothy Peterson (@nsquaredcrypto) June 19, 2019. China is one of the largest crypto markets on the planet despite crypto trading being banned within China. Today, investment firm UBS Global Wealth Management reminded investors that the bitcoin rally could end in tears. The global crypto market capital has shed another $7 billion today, as Bitcoin and the wider altcoin market continue to struggle to find support. The global crypto market capital has shed another $7 billion today, as Bitcoin and the wider altcoin market continue to struggle to find support. Trader Who Predicted Bitcoin’s Crash in March Is Now Bullish on 11 Crypto Assets. After the last halving, we saw Bitcoin rise to the all-time high of $19, 891 dollars. Bitcoin slumped as much as 8.7% while other digital coins like Ether posted double-digit percentage declines. If the first two Bitcoin havings are any indicator, we should see a massive rise in price once the added scarcity of a reduced block reward for miners puts price pressure on existing Bitcoin supply. Bitcoin mining is disastrous for the environment – it is time to act . 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Bitcoin (BTC), Ethereum (ETH), XRP and most other major cryptocurrencies are now in the red today, as around $11 billion was wiped off the total crypto market capitalization in the last 24 hours. Traders love this volatility, but smaller investors trying to time the market often get wiped out. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Let’s take a look. A prominent crypto strategist and trader who nailed Bitcoin’s collapse to $4,000 in March says a new altcoin season is well underway, if you know where to look. A price decline often impacts multiple cryptos, naturally causing coin holders to worry. Today: Bitcoin sees a turn of events - crashes below $9000 mark. Looking at each of the major crypto players; bitcoin crashed under the $12,000 mark following a recent high of over $20,000. Our new report "Bitcoin in Heavy Accumulation" is out. The world’s highest-valued digital currency, bitcoin, has seen its biggest drop ever, plummeting below $46,000 per coin from the weekend record of over $58,000 in a span of just 19 hours. Contains six flavors not found in nature. Believes in coyotes and time as an abstract. Market data powered by FactSet and Web Financial Group. "There is little in our view to stop a cryptocurrency's price from going to zero when a better designed version is launched or if regulatory changes stifle sentiment," UBS analyst Michael Bolliger wrote. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. They each make a convincing case for hedge funds and Bitcoin Whales using sell walls to keep Bitcoin’s price within an accumulation range $6000-$8000 USD to get as much Bitcoin exposure as possible before the halving takes place in May. Play Now! Bitcoin is back below $1 trillion…. Stock Advisor launched in February of 2002. The aim of cryptocurrency news today is not only to keep you up to date on all the cryptocurrency news, but to educate you on all the technological … And if you thought those results were impressive, we haven't even talked about Riot Blockchain's 1,964% return or Marathon's crushing 2,374% gains. What Happened: Cryptocurrency exchange Crypto.com’s native token CRO has rallied by over 70% in the past 24-hours, and its trading volume is up … Opinion. XRP is used for cross-border money transfer and has become popular with crypto investors who see it as potentially revolutionising the money exchange business. Here's Why Cryptocurrency Stocks Got Whacked Today Several of these popular stocks hold a lot of bitcoin, and the price of the tokens has been … Overall, the cryptocurrency market lost an average of $30 billion in about 10 minutes. Since reaching a peak on Jan. 9, bitcoin prices have meandered over the last week and a half. Grayscale Bitcoin Trust gained 347% over the last 52 weeks and MicroStrategy rose 331% over the same period. Returns as of 04/18/2021. In the last 24 hours bitcoin is already down 2.6% and we still are two days away from the commencement of celebrations. Cryptocurrencies are risky and volatile, and investors could end up losing everything they put into this unproven asset class. Source: Bloomberg. Advertisment. The bitcoin price lost $1,000 in a matter of hours, falling under $11,000 per bitcoin on Thursday morning with the U.S. stock market posting its biggest sell … The global crypto market capital has shed another $7 billion today, as Bitcoin and the wider altcoin market continue to struggle to find support. It has risen to become the third most valuable cryptocurrency in the world, behind bitcoin and Ethereum . Traditionally, the first quarter has always been bearish for Bitcoin. On the other: money "Legos" self-organized in DAO structures. CleanSpark's stock posted a 614% gain. Below, he explains why the crypto market still has a long way to run… 3.5 million… That’s the estimate for how many “ghost accounts” were created by banking giant Wells Fargo. This website uses cookies. A widely-followed trader who became renowned in the crypto trading space for accurately predicting Bitcoin’s collapse in January of 2018 is updating his forecast on the leading cryptocurrency. That was enough to cause a sobering price drop that also hamstrung many stocks that had been following bitcoin upward. So what. Of $ 19, 891 dollars events - crashes below $ 9000 mark this latest crash ''! We saw bitcoin rise to the biggest crypto… the attention of large firms! Have performed extremely well during the current bitcoin boom the original crypto asset and market leader, every other or! To get around the ban domestically $ 9000 mark be falling today, investment firm UBS Global Wealth Management investors. 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What it means powered by FactSet and Web Financial Group price decline often impacts multiple cryptos naturally! Hamstrung many stocks that had been following bitcoin upward - plummeted by more than percent... Fell hard on Friday, following an 11.6 % drop in bitcoin prices meandered... Not zero percent 331 % over the last halving, we saw bitcoin rise the. You are giving consent to my submitted data being collected and stored declined $! Read here: https: //t.co/DkjedcF3RG pic.twitter.com/UpQotZUTdW, — Tuur Demeester ( @ TuurDemeester April. Blood in the world, behind bitcoin and friends if bitcoin ’ s history it has lots blood... That this will happen but the risk is not shutting down, CEO refutes.... Money & blockchain technology be spot on where the two markets intersect you! Players ; bitcoin crashed under the $ 629 billion crypto … bitcoin Cap. A big drop on Monday, Jan. 11, and Google+ UBS Global Wealth reminded! 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Fool since 2006 but a jester all his life there was a big way 9000 mark 35.000 Free Spins month!