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Category: BTC price crash

Bitcoin (BTC) Under $35,000, Realized Profit/Loss Tanks All-Time Low After China’s Crackdown on Miners

Bitcoin (BTC) has touched another low for the month of May 2021 on Friday, May 22 after China goes all out after Bitcoin miners and traders. This is for the second time in a week that the BTC price has slipped under $35,000. The BTC price touched an intraday low of $33,729 before recovering as

The post Bitcoin (BTC) Under $35,000, Realized Profit/Loss Tanks All-Time Low After China’s Crackdown on Miners appeared first on Coingape.

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It’s Bitcoin Whales vs Institutions: Who Shall Win the Ultimate Battle?

Bitcoin (BTC) and the overall crypto market witnessed one of the most historic crashes on Wednesday, May 19. While the entire crypto market registered a $750 billion intraday dip, Bitcoin saw its valuations tumbling by more than $150 billion in a single day. At press time, BTC is trading at $38,307 levels with a market

The post It’s Bitcoin Whales vs Institutions: Who Shall Win the Ultimate Battle? appeared first on Coingape.

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Bitcoin Under $40,000 As Exchanges See The Largest Single-Day Deposits After March 2020 Crash

In another major price crash, Bitcoin (BTC) has corrected another 12% dropping under its crucial support levels of $40,000. Bears are clearly in charge of the market at this point. The recent price crash comes as The People’s Bank of China (PBoC) warns local businesses and institutions of dabbling into Bitcoin and crypto. This is

The post Bitcoin Under $40,000 As Exchanges See The Largest Single-Day Deposits After March 2020 Crash appeared first on Coingape.

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BTC Slips to $40,000, After Elon Musk, Chinese Central Bank Puts Pressure on Bitcoin

It’s a double whammy for Bitcoin (BTC) investors this week. After Elon Musk single-handedly crashing Bitcoin and the overall crypto market, the Chinese central bank PBoC gives another hammer blow. On Tuesday, May 18, the Chinese central bank warned local financial institutions and businesses from dabbling into cryptocurrencies. Bitcoin (BTC) and the overall crypto market

The post BTC Slips to $40,000, After Elon Musk, Chinese Central Bank Puts Pressure on Bitcoin appeared first on Coingape.

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Long term Holders Continue Accumulating Bitcoin (BTC) Amid Bloodbath

Earlier today, the Bitcoin (BTC) price crashed to under $45,000 after Elon Musk raising speculations of Tesla possibly selling Bitcoins anytime ahead. Later Musk confirmed that Tesla hasn’t yet sold its holdings. However, the damage was already done. As the FUD hit the crypto market, the on-chain volume shows that the short-term Bitcoin holders ended

The post Long term Holders Continue Accumulating Bitcoin (BTC) Amid Bloodbath appeared first on Coingape.

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