latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

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

Greenspan: Dip is ‘Nothing New for Bitcoin,’ Wall Street Injecting Liquidity

Greenspan: Dip is ‘Nothing New for Bitcoin,’ Wall Street Injecting Liquidity
Unless you’ve been hiding under a rock today, you’ve certainly noticed that Bitcoin is up (to say the least) — and you can probably thank Wall Street.

‘Nothing New for Bitcoin’
At 1 PM CET today, the price of Bitcoin rocketed up from just under $7000 to just over $8000 in less than one hour. It doesn’t take an expert market analyst to guess that such price action for the world’s dominant cryptocurrency the result of institutional investors with fat purses. According to a real senior market analyst, however, that’s almost certainly what happened — and what will continue to happen.
Mati Greenspan, senior market analyst at eToro, told Bloomberg yesterday that institutional investors are definitely buying the very predictable dip:
The dip […] is actually nothing new for Bitcoin, as far as percentage terms go. If we look at it historically, we’ve seen these types of pullbacks before. And definitely Wall Street is getting involved and they’re building the bridges as we speak.
What are those percentages Greenspan references, you ask? Well, as noted by Twitter user @APompliano, Bitcoin has seen drops of 94 percent, 87 percent, and 83 percent in 2011, 2013, and 2014, respectively — all of which were worse than 2018.

Bitcoin historical crashes:
2011: Bitcoin fell 94% 2013: Bitcoin fell 87% 2014: Bitcoin fell 83% 2018: Bitcoin fell ~70%
It wasn't a bubble. It was normal volatility. Everyone breathe. You can't kill an idea.
— Pomp 
/*  */

	border:1px solid #ccc;
/*  */
<script src=
- - - - -

Thank you for Share!

Read the full Article

Read the full Article: Greenspan: Dip is ‘Nothing New for Bitcoin,’ Wall Street Injecting Liquidity

Search Crypto News


The latest Top News, from leading exponents of BlockChain, Bitcoin and 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 Cypto Currencies World.

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


24h Most Popular News