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$2.5 Billion Saturday Wiped Out: Analysts Explain Why Bitcoin and Altcoins Crashed


Jordan Lyanchev
для CryptoPotato
$2.5 Billion Saturday Wiped Out: Analysts Explain Why Bitcoin and Altcoins Crashed

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Although most weekends are typically sluggish, with little to no price actions from the larger caps, there are some exceptions. However, even those are prompted by events that transpire during those non-trading days for the legacy markets, such as Maduro’s capture or some of Trump’s latest tariff threats.

The price shock from yesterday, though, didn’t have such an apparent catalyst to be blamed on. Just the opposite, BTC had already dropped on Thursday after the US Federal Reserve left the interest rates unchanged, and Trump had sent some of the country’s Navy closer to Iran. Moreover, bitcoin and the altcoins even recovered some ground on Friday when the precious metal market crumbled.

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What Bull Market? Bitcoin Closes 4 Consecutive Months in the Red

What Bull Market? Bitcoin Closes 4 Consecutive Months in the Red

The last time BTC was so deep in the red monthly was during the 2018 bear market.
Bitcoin Too Volatile? Here’s How Gold and Silver Dumped by Double Digits in 1 Day

Bitcoin Too Volatile? Here’s How Gold and Silver Dumped by Double Digits in 1 Day

Both precious metals erased billions of dollars from their respective market caps in ...

$2.5 Billion Saturday Wiped Out: Analysts Explain Why Bitcoin and Altcoins Crashed


Jordan Lyanchev
для CryptoPotato
$2.5 Billion Saturday Wiped Out: Analysts Explain Why Bitcoin and Altcoins Crashed

Поделиться:

Although most weekends are typically sluggish, with little to no price actions from the larger caps, there are some exceptions. However, even those are prompted by events that transpire during those non-trading days for the legacy markets, such as Maduro’s capture or some of Trump’s latest tariff threats.

The price shock from yesterday, though, didn’t have such an apparent catalyst to be blamed on. Just the opposite, BTC had already dropped on Thursday after the US Federal Reserve left the interest rates unchanged, and Trump had sent some of the country’s Navy closer to Iran. Moreover, bitcoin and the altcoins even recovered some ground on Friday when the precious metal market crumbled.

Читать материал на CryptoPotato

В этой новости

Монеты

$ 75.95K

-3.78%

$ 0.00266

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В этой новости

Монеты

$ 75.95K

-3.78%

$ 0.00266

Поделиться:

Читать больше

What Bull Market? Bitcoin Closes 4 Consecutive Months in the Red

What Bull Market? Bitcoin Closes 4 Consecutive Months in the Red

The last time BTC was so deep in the red monthly was during the 2018 bear market.
Bitcoin Too Volatile? Here’s How Gold and Silver Dumped by Double Digits in 1 Day

Bitcoin Too Volatile? Here’s How Gold and Silver Dumped by Double Digits in 1 Day

Both precious metals erased billions of dollars from their respective market caps in ...