Jun 14, · Several reasons, from a regulatory crackdown on exchanges to a hack at a South Korean exchange, are being put forward as reasons for bitcoin's price crash this past weekend. Jan 27, · But this is a thing of the past, a couple months ago a different cryptocurrency called Monero started to gain a lot of popularity due to the brilliant job it does at hiding the identity of the individuals that use it. And those are the 4 reasons why in my opinion Bitcoin is going to see a significant crash in the next year or two. Bitcoin’s latest crash, which started on Wednesday afternoon, sent prices below the $9, level for the first time since July. While it’s difficult to determine an evident catalyst of the bearish trend, some suggest that we should have a look at CME and other platforms providing crypto derivatives trading.
Why does bitcoin crash3 Reasons Why Bitcoin Price Has Crashed Today - feuerwehr-matzenbach.de
Also, people are more comfortable investing in riskier assets as the market situation is much better and the general sentiment is bullish. Risk tolerance is higher. Why do I think the altseason has started? Well, we have already seen the first phase of it since March , after the Black Swan event phase 1.
Now I think we are going to start the second phase of the second altseason. What I see on this chart is a strong base with potential parabolic extension, same as LINK did in To support his altseason call, Capo looks at the Bitcoin Dominance Index, which traders rely on to predict whether altcoins are primed to outperform BTC.
The trader says the index is currently hovering below a key resistance area. I consent to my submitted data being collected and stored. Many think that BTC will continue higher in the weeks ahead. One market economist is bearish on All Rights Reserved.
Popular Courses. News Markets News. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. Bitcoin Bitcoin's Price History. Partner Links. Related Terms What is the Gemini Exchange? Gemini is a digital asset exchange founded by Cameron and Tyler Winklevoss in