Bitcoin
2024 - 8 - 5Bitcoin Takes a Dive: Is It Time to Panic or Party?
Bitcoin price -- btc Bitcoin - Crypto Stocks - Cryptocurrency - Donald Trump - Ethereum - Market Crash - Recession - Bitcoin price - btcFrom $65k to $52k, Bitcoin's wild ride is making everyone wonder if it's a crash or a chance! 🤔💸
Bitcoin has once again proven that the cryptocurrency market can be as unpredictable as your neighbor's dog. Just yesterday, the world's largest cryptocurrency by market cap saw its value plummet to $52,000 amid a frenzy of market sell-offs. Concerns over a possible U.S. recession, fueled by mediocre financial data, have had investors hitting the panic button and pulling money out of the crypto world. And just like that, Bitcoin's dreams of soaring back to $65,000 might have to wait a little while longer.
Not only did Bitcoin plummet, but the ripple effect was felt across the crypto landscape. Ether, the second-largest cryptocurrency, also took a nosedive, reaching multi-month low prices beneath $2,400. Investors are feeling a chill in their wallets, and crypto-related companies aren't escaping unscathed either. Pre-market trading saw shares of mining companies tumble over 10%, while the popular exchange Coinbase reported a staggering 9% drop. This is not just a market correction; it feels like an old-school wrestling match where everyone's getting thrown out of the ring!
As if all this wasn't enough to stress the crypto community, the crash coincided with increased geopolitical tensions, making it look like we are living in an episode of the worst reality show ever — "Survivor: Cryptocurrency Edition.” A mad rush for liquidity was displayed by investors trying to navigate their way through this chaotic landscape, resulting in an almost $500 billion loss across the cryptocurrency market. This leaves many wondering if now is the time to buy the dip or just hold on tight for the bumpy ride.
But it's not all doom and gloom, folks! Did you know that during the last major market crash in 2021, Bitcoin reached as low as $30,000 before bouncing back stronger than ever? And despite the current turbulence, the crypto community is armed with more knowledge and tools than ever to rebound from setbacks. So, if you find yourself clutching your chest at these plummeting prices, just remember: Bitcoin has shown resilience before, and it could very well do it again!
Bitcoin drops to $52000 in market sell-off (The Punch)
The world's largest cryptocurrency by market cap, Bitcoin, dropped to $52000 amid a market sell-off on Monday.
Bitcoin, ether hit multi-month lows as recession worries take hold (Reuters)
Bitcoin and ether plunged on Monday to multi-month lows as worries over a possible U.S. recession in the wake of soft data gripped financial markets and ...
Crypto Stocks Slump as Bitcoin, Ether Tumble (Coindesk)
Crypto-related company shares followed suit, with many miners losing more than 10% in pre-market trading while crypto exchange Coinbase dropped 9%.
Bitcoin falls below $53000, Ethereum under $2400 as crypto market ... (Nairametrics)
The Crypto market crash took a worse turn on Monday morning with key crypto assets dipping to multi-month lows amid increased geo-political tensions, ...
Bitcoin plunges, Ether has worst drop since 2021 as crypto sinks (Deccan Herald)
By Suvashree Ghosh and Ryan Weeks. ADVERTISEMENT. Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending ...
Bitcoin price in free fall as crypto market crashes (The Independent)
Hundreds of billions wiped from cryptocurrency market as Ethereum, Solana and Cardano all suffer.
$500 Billion 'Panic Rush For Liquidity'—Price Of Bitcoin, Ethereump ... (Forbes)
The price of Bitcoin fell 24%, hitting $53000, while Ethereum's price dropped by almost a third to $2340 over the past week as investors fly to safety.
Bitcoin price plunges and ether has worst drop since 2021 (Fortune)
Bitcoin price plunges and ether has worst drop since 2021 ... Bitcoin price chart showing a decline in the price of BTC on August 5, 2024. Bitcoin dipped briefly ...
Bitcoin Plummets Amid Wider Market Selloff (Forbes)
Cryptocurrencies bitcoin and ethereum took a tumble on Monday, dropping to near-six-month lows and ending months of gains as investors once again turn away ...
Bitcoin briefly tumbles below $50000 for the first time since February (CNBC)
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor ...
Bitcoin plunges from $70000 to $50000 in just a week. Here's what ... (Quartz)
Ether dropped 22% in a single day, as spot Ether ETFs are witnessing substantial outflows.
Bitcoin and Other Cryptocurrencies Plunge, Mirroring Global Markets (The New York Times)
The precipitous falls show that digital currencies remain vulnerable to the same broader economic forces that affect technology stocks and risky ...
Global crypto market sees massive drop in market cap as bitcoin ... (Business Today)
The global crypto market experienced a significant downturn, with a 12.29% decrease in market cap in just one day. Despite this, Bitcoin remains a dominant ...
Bitcoin is having its worst week since the fall of FTX (Yahoo Finance)
Bitcoin is having its worst week since the 2022 collapse of Sam Bankman Fried's FTX cryptocurrency exchange amid a larger correction across all markets.
Bitcoin, Ether Tumble in the Biggest Decline Since FTX Collapse (Livemint)
Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked ...
Bitcoin rebounds to $56000 amidst market volatility, indicates ... (Business Today)
Bitcoin has recovered to $56000, showing signs of market resilience and investor confidence after a significant drop. Experts suggest that this rebound ...
Trump's bitcoin stockpile plan stirs debate in cryptoverse (USA TODAY)
While the prospect of a national bitcoin reserve is uncertain, crypto watchers are nonetheless pondering what form it could take.
Make Bitcoin great again: Here's what Trump's backing of crypto ... (Business Standard)
His public backing of crypto undoubtedly boosted investor optimism. The price of Bitcoin surged to almost US$70000 on July 29, its highest level in more ...
Trump cautions Biden administration not to sell Bitcoin (Cointelegraph)
Former president Donald Trump cautions the Biden administration and the broader US government not to sell any of the US's Bitcoin holdings.
Trump Warns Against Selling U.S. Bitcoin Holdings, Advocates for ... (Yahoo Finance)
Former President Donald Trump cautioned the current administration against divesting the United States' Bitcoin holdings.
Bitcoin's Unreliable Death Cross Is Looming Again (Coindesk)
BTC's near-term prospects are closely tied to the health of the U.S. economy and volatility in the Japanese yen.
'Don't Be Fooled'—Coinbase Issues Serious Warning After $800 ... (Forbes)
The latest bitcoin price crash has sparked fears the crypto market could be headed for further losses...
Bitcoin, Ether surge over 9% as global markets bounce from brutal ... (Economic Times)
US economic data released on Monday suggested that a recession isn't imminent. The July ISM Services PMI exceeded economists' expectations, registering at ...
Crypto Comeback? Bitcoin, Ether And Other Assets Climb After US ... (Forbes)
Crypto Comeback? Bitcoin, Ether And Other Assets Climb After US Recession Fears Spark Heavy Losses. ... Robert Hart is a London-based Forbes senior reporter.
Bitcoin's bear rally? (FXStreet)
As a result, the crypto market capitalisation is up 11.3% in 24 hours to $1.98 trillion. That's still -17% in seven days. Bitcoin was trading at nearly $55.7K ...
Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday's ... (Yahoo Finance)
Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday's trading session.
Cryptoverse: Trump's bitcoin stockpile plan stirs debate (Reuters)
"Never sell your bitcoin," Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in late July.
Bitcoin rises as crypto and other risk assets look to rebound from sell ... (CNBC)
The sell-off took place as crypto traders were caught in a storm of carry traders unwinding their positions, heightened concerns about a U.S. economic recession ...
Crypto suffers worst crash since 2022 as Bitcoin struggles to hold ... (Fortune)
Crypto prices are crashing amid a broader selloff. Fortune. Crypto prices are in free fall at a level not seen since 2022, when the collapse of major ...
Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid ... (Coindesk)
Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during ...
BTC price chart shows Bitcoin can match $49.5K lows within days (Cointelegraph)
BTC price analysis warns that Bitcoin may crash again to fill an open wick to $49500.
Bitcoin price today: jumps near $55k amid broader market rebound (Investing.com)
Broader crypto prices also recovered some of Monday's slump, tracking a rebound in equity markets. But sentiment towards risk-driven assets still remained ...
How Bitcoin Can Protect Public Records With Simple Proof (Bitcoin Magazine)
In a world rife with disinformation, Rafael Cordón is working to uphold the integrity of election results and other important government documents.
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