EUR/USD Extends Rally & USD/JPY Plunges on Markit PMIs
US Dollar Outlook: July 2020 IHS Markit Flash PMIs Send USD Price Action Lower vs Euro & Yen IHS Markit Flash US Composite Output Index climbed to 50.0 for July… Read more »
Tag: Plunges
Bitcoin Price Analysis: BTC Plunges $250 Following Another Bart, Is $9000 Incoming?
Bitcoin was looking promising to take on the $9,500 level yesterday after finally breaking above a critical down-trending resistance. Unfortunately, the breakout was nothing more than an orchestrated trading strategy… Read more »
Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here's Why
Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set… Read more »
Lebanon's Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as… Read more »
Market Wrap: Traders ‘Whack the Beehive’ as Bitcoin Surges Then Plunges – CoinDesk
Tuesday’s bitcoin price whipsaw can be partially explained by large traders looking to deleverage in the derivatives market. Bitcoin (BTC) was changing hands around $9,512 as of 20:00 UTC (4… Read more »
Theta Cryptocurrency Plunges 50% As Traders Question Google Partnership
What goes up, must come down. That saying just applied to the cryptocurrency named Theta, which recently became a topic of hot discussion due to a supposed Google partnership. Details… Read more »
$40 Million in BitMEX Longs Wiped Out as Bitcoin Plunges on "Satoshi Dumping" Fears
It’s been a brutal past 120 minutes for the Bitcoin market. After holding the $9,800 support for 48 hours, the cryptocurrency began to dive lower approximately two hours ago. From… Read more »
Bitcoin Plunges in Anticipation of Block Reward Halving
Bitcoin plunged by over $1,500 less than two days before the halving, showing that confidence in BTC is wavering. Key Takeaways Bitcoin’s price action resembles that of Bitcoin Cash and… Read more »
Ethereum Price Plunges to $125: Can Bulls Save the Day?
Ethereum is currently declining and it broke the $130 support area against the US Dollar. ETH price is consolidating losses and upsides are likely to face hurdles near $128 and… Read more »
Bitcoin Plunges Under $6,000 as S&P 500 Sees Worst Week Since Great Recession
After a three-day rally from $5,400 to $6,900, Bitcoin has been dealt a significant blow by bears, who just minutes ago pushed the cryptocurrency under $6,000 after the 28% rally… Read more »