Bitcoin

2024 - 8 - 5

Bitcoin’s Rollercoaster Ride: From Space to Faceplant in a Matter of Days!

BTC -- bitcoin price -- btc price -- crypto -- crypto crash -- crypto news Bitcoin - Cryptocurrency - Digital Currency - Ethereum - Market Trends - U.S. Recession - BTC - bitcoin price - btc price - crypto - crypto crash - crypto news

Bitcoin has just taken a nosedive, and so have hopes for the crypto market – find out what’s sending investors into a panic!

Bitcoin is experiencing a tumultuous time, tumbling down almost 10% in just a matter of days, much to the dismay of crypto enthusiasts. Recent fears surrounding a potential recession in the U.S. have sent shockwaves through financial markets, leaving even the largest digital assets reeling. The cryptocurrency, once basking in the glory of near $60K heights, has now plunged below the $53,000 mark, wiping away over $600 million in leveraged positions as panic spreads.

After a somewhat encouraging year, thanks to the U.S. Securities and Exchange Commission giving the green light for an exchange-traded fund to track the spot price, Bitcoin’s recent drop has caught many off-guard. The euphoric sentiments of earlier in the year are rapidly being overshadowed by worries of escalating market volatility. Outcry from seasoned investors echoes the general consensus: it’s a wild ride, but it seems that the bears have taken the reins.

Market analysts are astutely observing the key price levels for Bitcoin as the selling frenzy continues. Trading amidst the constantly shifting tides, Bitcoin has seen its heaviest weekly loss since the notorious FTX collapse. With market sentiment leaning towards risk aversion, many experts believe that investors are shifting their focus away from digital currencies, preferring the relative stability of traditional assets.

In light of these dramatic shifts, it's essential to understand Bitcoin's track record. Did you know that Bitcoin was initially valued at just $0.003 in 2010? Fast forward to today, and this digital currency has not only disrupted traditional finance but has also become a crucial player in global markets. Another intriguing fact: Bitcoin’s inventor, Satoshi Nakamoto, is still an enigma! No one knows who Satoshi is or where they are, fueling speculations and theories among those involved in the cryptocurrency community. Will Bitcoin bounce back? Only time will tell!

Post cover
Image courtesy of "CNA"

Bitcoin tumbles around 5% (CNA)

Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of ...

Post cover
Image courtesy of "Coindesk"

Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic ... (Coindesk)

Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.

Bitcoin sinks 10%, extending losses after worst week since (The Business Times)

BITCOIN is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss since the ...

Post cover
Image courtesy of "Yahoo Finance"

Bitcoin Sinks 10%, Extending Losses After Worst Week Since FTX (Yahoo Finance)

(Bloomberg) -- Bitcoin is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss ...

Post cover
Image courtesy of "Cointelegraph"

Bitcoin crashes below $53K wiping out $600M in leveraged longs (Cointelegraph)

A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled ...

Post cover
Image courtesy of "Bitcoin News"

Market Mayhem: Bitcoin Crashes Below $59K, $223M in ... (Bitcoin News)

The price of bitcoin (BTC) fell below the $59000 threshold on Sunday afternoon, hitting a low of $58080 per unit.

Post cover
Image courtesy of "CNA"

Bitcoin, ether sink to multi-month lows as recession worries take hold (CNA)

Bitcoin and ether tumbled on Monday to multi-month lows as worries over a possible U.S. recession in the wake of soft data gripped financial markets and ...

Post cover
Image courtesy of "Reuters"

Bitcoin tumbles around 5% (Reuters)

Crypto markets have gotten a boost this year after the U.S. Securities and Exchange Commission approved an exchange-traded fund to track the spot price of ...

Post cover
Image courtesy of "Livemint"

Bitcoin slumps 10% to trade at $54333, registers heaviest weekly ... (Livemint)

Bitcoin slumped over 10 per cent at one point before paring some losses to trade at $54333 on August 5. The cryptocurrency has shed 13.1 per cent over the ...

Post cover
Image courtesy of "Investopedia"

Watch These Key Bitcoin Price Levels as Investors Abandon Risk ... (Investopedia)

Bitcoin selling continued over the weekend and into Monday's Asian session, after the cryptocurrency plummeted nearly 15% last week as investors abandoned ...

Post cover
Image courtesy of "The Straits Times"

Bitcoin sinks 11% after worst week since FTX collapse (The Straits Times)

Bitcoin is under pressure from a bout of risk aversion in global markets. Read more at straitstimes.com.

Post cover
Image courtesy of "CNBC"

Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge (CNBC)

Bitcoin and ethereum suffered steep drops on Sunday as investors sold out of risky assets.

Post cover
Image courtesy of "Bloomberg"

Bitcoin (BTC) Drops Below $59000 After Worst Week Since FTX ... (Bloomberg)

Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 10% and saddling second-ranked ...

Post cover
Image courtesy of "The Business Times"

Bitcoin drops below US$59000 after worst week since FTX collapse (The Business Times)

BITCOIN is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss since the ...

Post cover
Image courtesy of "CNA"

Bitcoin, ether hit multi-month lows as recession worries take hold (CNA)

Bitcoin and ether plunged on Monday (Aug 5) to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets ...

Post cover
Image courtesy of "Coindesk"

Bitcoin Continues to Bleed, Falls Below $50K (Coindesk)

The sell-off in bitcoin and the overall crypto market has been triggered by a wider fall in the financial markets as the fears of global recession and rising ...

Post cover
Image courtesy of "Coindesk"

Bitcoin Price Crash to $50K Dashes Carry Traders' Hopes (Coindesk)

Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.

Post cover
Image courtesy of "Economic Times"

bitcoin: Bitcoin, ether hit multi-month lows as recession worries take ... (Economic Times)

Bitcoin and ether hit multi-month lows on Monday as fears of a U.S. recession led investors to seek safer assets. Bitcoin fell 13%, and ether dropped 17%, ...

Post cover
Image courtesy of "Fortune"

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 ...

Post cover
Image courtesy of "The National"

Why Bitcoin and Ether are in retreat (The National)

Investors shun risk assets as markets fear a US recession on the horizon and rising geopolitical worries.

Post cover
Image courtesy of "Forbes"

$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.

Post cover
Image courtesy of "Forbes"

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 ...

Post cover
Image courtesy of "Coindesk"

Crypto Stocks Slump as Bitcoin, Ether Tumble (Coindesk)

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.

Post cover
Image courtesy of "CNBC"

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 ...

Post cover
Image courtesy of "Business Today"

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 ...

Post cover
Image courtesy of "The Business Times"

Bitcoin plunges, Ether has worst drop since 2021 as crypto sinks (The Business Times)

CRYPTOCURRENCIES reeled from a bout of risk aversion in global markets on Monday (Aug 5), at one point sending Bitcoin down more than 16 per cent and ...

Post cover
Image courtesy of "Investor's Business Daily"

Bitcoin Price Tumbles To Six-Month Low, Cryptocurrency Markets ... (Investor's Business Daily)

Cryptocurrency prices tumbled early Monday amid the global stock market sell-off as investors fled risk assets. The price of bitcoin swept to its lowest ...

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 ...

Post cover
Image courtesy of "Business Today"

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 ...

Post cover
Image courtesy of "Fortune"

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 ...

Explore the last week