Is it All Over for Bitcoin?
4 Sep, 2020 CryptoParrot
With yesterday's cliff dive of more than 10%, Bitcoin traders have been met with the biggest drop over a 24h period since March 12th. While eyebrows are being raised the reasons for the crash are still being discussed.
While the crypto navigates dangerously in the frontier of the $10k level, specialists state that the recovery will not take as long as the previous bumps, where the "sell-off" is moved around quickly through the "Buy the Dip" mentality.
According to both Matthew Dibb, COO of the provider Stack, and analyst Edward Morra, the bounce back will not happen as quickly as it has previously. Sharp losses for both the US Dollar and stocks have the potential are said to be correlated and can push BTC down even further and prevent a V-shaped recovery back to $12,000.
Related articles
Bitcoin records 3x higher average trading volume in October than Apple, Amazon, Microsoft
After experiencing increased volatility in late September, Bitcoin (BTC) appears to be regaining its momentum towards another all-time high…
2mins 12 Oct, 2021 CryptoSlashyAlmost 5,000 new cryptocurrencies launched in the last 12 months
As the cryptocurrency industry continues to mature with mainstream adoption, investors are pumping more money into the sector contributing to the sector’s popularity.…
2mins 22 Sep, 2021 CryptoParrotEthereum adds over 38 million new addresses in 2021, 22% of all ever created
The Ethereum network plays a key role in the cryptocurrency circles, with the asset recording significant interest.…
2mins 14 Sep, 2021 CryptoParrotBlockchain-related job postings surge 118%, software development sector leads at 30%
The focus on cryptocurrency and blockchain technology has been growing in recent years as organizations explore how to leverage the industry’s full potential.…
2mins 31 Aug, 2021 CryptoParrotStart trading
Recommended crypto exchange
Buy & sell Crypto in minutes
Learn more