BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Tip That Bitcoiners Should Not Miss Out On! Is Trend Reversal Around The Block?

The post Tip That Bitcoiners Should Not Miss Out On! Is Trend Reversal Around The Block? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The largest crypto in the world has seen an extreme fall, with BTC’s price catching hold of its support at levels of $60,000. According to sources, this is the second-largest liquidation event in history, and that Bitcoin has barely dipped. The star crypto has plunged over 8%, with the price of BTC plummeting from its 24-hour high of $66,359.45 to $60,588.18. 



Amateur traders have been stressing over the digital coins, losing close to $9,000 in value in a span of 6-days. On the other hand, veteran traders remain least bothered with the fall. Instead, the older players call it an opportunity to buy some dip. As they have been looking out for entry points, prior to Bitcoins upswing.



Is Bitcoin Price Heading Towards a Storm? 



The recent dip in Bitcoin price has been surprising for the crypto community. As enthusiasts did not expect a fall to such a degree. The market comparison with that of 2017, sees a spike among several players in the space. Popular crypto analyst emphasizes that Bitcoin in November 2017 had a 29% drop and a single-day candle dropping by 25%. He further mentions that the month concluded with 55% higher despite the fuss.  



According to glass node alerts, BTC futures contracts long liquidations reached a 1-month high of $14,958,864.53 on Binance. The realized price of BTC reached an ATH of $24,219.73. The total liquidations of BTC for the past 24-hours are over $198.77 Million at press time. 



Sources suggest that the fall to levels of $60,000 is the lowest Bitcoin has traced in nine days. The interest from traders to buy the dip is rising at a brisk rate. The platform believes a bit of crowd fear to be necessary for prices to rebound. On the other hand, the greed of the market has been pretty high, as several traders had opened leveraged longs at ATHs.





</div>
	
<style>
/*  */
#screenshot{
	position:absolute;
	border:1px solid #ccc;
	background:#333;
	padding:5px;
	display:none;
	color:#fff;
	}
/*  */
</style>
<script src=
BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Tip That Bitcoiners Should Not Miss Out On! Is Trend Reversal Around The Block?


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



SneakPeek Script
Setup, Upload and Go!