On Thursday, March 12th, the leading cryptocurrency keeps declining, trading at 7609.00 USD. Bitcoin price perspectives now look not very optimistic.
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As the third Bitcoin halving event approaches, interest among investors seems to dwindle as BTC followed the price action of the traditional markets failing to act as a haven asset.
Bears continue pushing prices of assets to the downside as they broke the closest support levels again. In the daily chart of Bitcoin, a good level to rebound upwards from is $7335.
Blockchain.com offers retail investors a new Borrow option that will let them ‘borrow like the big guys’, pledging their Bitcoin, Bitcoin Cash, Stellar or Ether.
Bitcoin options market is rising, per the crypto analytics firm Skew, with a massive money inflow from institutional investors. Yesterday, the volume of crypto derivatives trading was only increasing, reaching the level of almost $200 million.
Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.
The drastic plunge has raised questions about Bitcoin (and other cryptos) viability as a stable asset and correlation to traditional markets. Changelly CEO Eric Benz has shared his views on this issue.
As the markets have started to recover after the recent fall, Bitcoin price has finally managed to go beyond the level of $8,000 today.
Making money with cryptocurrency may sound scary at first, however, there are some convenient ways in which one can profit from the cryptocurrency boom.
Oil market prices plunged when OPEC and its allies failed to reach an agreement on production cuts. All the markets, including stocks, currencies and cryptos are falling.
During the meeting in Vienna on Friday, Russia, Saudi Arabia and other OPEC participants were talking about the oil price and possible decrease of supply. Bitcoin price is down.
Despite the many investments and acquisitions taking place in the Ethereum space, the ETH token followed Bitcoin’s lead into losing more than 10% of its value between March 7 and March 8.
Ripple’s XRP market price dipped down nearly 10% over the weekend after Bitcoin and Oil prices nose-dived as a result of the global coronavirus outbreak.
Today more and more blockchain and crypto-related projects are entering the financial market offering competitive advanced services.