Cryptocurrency Headline News
- Bitcoin Whipsaws Investors With Same-Day Plunge, Rally of 30% : Bloomberg
- Bitcoin falls further as China cracks down on crypto-currencies : BBC
- $600 billion wiped out! Crypto tumble is becoming very painful : Economics Times
- Massive drop in Bitcoin, Dogecoin, Ethereum and other coin prices. What it means for investors? : Financial Express
- Wells Fargo: US bank set to offer crypto fund to rich clients : BBC
- Explained: Why did the cryptocurrency market crash, and what lies ahead? : The Indian Express
- The most likely reason Dogecoin dropped 40% in 24 hours : Desert News
- Why the Bitcoin and Ethereum selloff is actually good for Coinbase : Yahoo! Finance
- THE 10 MOST VALUABLE CRYPTOCURRENCIES OF 2021 : Analytics Insight
- Bitcoin’s 40% crash ‘does feel like capitulation,’ says crypto specialist, but here’s where the next crucial support level stands : Market Watch
- Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE : CNBC
- Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000 : CNBC
- Crypto bull Mike Novogratz calls bitcoin plunge a ‘liquidati on event,’ feels like capitulation : CNBC
- Big institutional investors are dumping bitcoin and going back into gold, JPMorgan says : CNBC
- Dow Jones Futures: Stock Market Rally Slashes Losses, Bitcoin Keeps Moving Late; Target, Facebook, Google In Buy Zones : Investors
- Free Bitcoin? Lender BlockFi mistakenly sends some users crypto : Aljazeera
- Bitcoin is boring now—which means it’s the perfect time to buy : Fortune
- Opinion: Why bitcoin’s bust and the ‘crypto cult’ threaten all investors : Market Watch
- Crypto Tumble Wipes $600 Billion Off Digital Tokens in a Week : Bloomberg
- Bitcoin’s wild price moves stem from its design — you’ll need strong nerves to trade it : CNBC
- Coinbase was down for over an hour amid massive cryptocurrency plunge : The Verge
Conclusion
[These Data are Taken at The Time of This Writing]
~ Bitcoin Price $40,191.90
~ Ethereum $2,657.90
~ Dogecoin Price $0.35
~ Cardano Price $1.514
~ XRP Price $1.15
~ Uniswap Price $25.63
~ Wrapped Bitcoin Price $39,274.44
Related : BITCOIN TUMBLES TO $39K AFTER TESLA STOPPED ACCEPTING BITCOIN
Tips & Tricks
"Invest With Calculation''
- Today We Will Talk About Bitcoin & Dogecoin About Their Crash & If They Can Rise
Cryptocurrencies had a massive drop in value on Wednesday, and it might be some time until the values rise again.
Bitcoin, Dogecoin, Ethereum all drop
Multiple cryptocurrencies dropped in vallue Tuesday morning due to recent news about China adding a ban on crypto, according to CNN.
CoinDesk reported that Bitcoin, Ethereum, XRP, Binance Token, Internet Computer Token and many other cryptocurrencies had massive drops.
Even Dogecoin dropped from $0.48 to $0.21 in a 24-hour period, according to CoinDesk.
Will cryptocurrency rise again?
Galaxy Digital CEO and Chairman Mike Novogratz told CNBC’s “Squawk Box” that the price of cryptocurrencies might not rise again for a while.
“You had a confluence of events where you started breaking down the positivity in the price action, and now we’ve got a liquidation event,” Novogratz told CNBC. “It’s not going to bounce right back. It’ll consolidate for a while.”
Novogratz said the fall seems like capitulation, where people are selling off their holdings during a market decline so they don’t lose too much of their gains, CNBC reported.
“Humpty Dumpty never gets put back together in two days when he cracks,” Novogratz told CNBC. It’s going to take a while. The market will consolidate. It will find a bottom somewhere. I’m hoping it’s close to here,” Novogratz said.
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