After a 20% gain since halving, a sharp 5% drop in Bitcoin price provided a necessary retest of key support while most buying interest is still further down. At 2 A.M. (UTC) time Bitcoin (BTC) price abruptly dropped 5.11% to $9,256 before recovering to trade in the $9,500 range. This followed a previous sudden drop […]
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Bitcoin price has dropped below the $8,000 mark as Coronavirus woes and geopolitics are taking their toll on the global economy, stocks and oil prices. Bitcoin (BTC) closed the week at $8,024, a shocking 9.92% loss and a new weekly low not seen since January 13 when the asset traded for $7,946. The abrupt correction […]
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Why did is Bitcoin dropping? Let’s take a look at a few possible causes of today’s sudden plunge and look at the charts to evaluate the next possible move. The moment many traders have anxiously anticipated arrived this morning as Bitcoin price (BTC) plunged below $7,800 and eventually settled near $7,400. It’s possible that the […]
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Maybe Isaac Newton — the hopelessly hopeful alchemist who came up with some solid rules of physics — was a genius of business and even B2B payments, too. After all, one of his main rules concerns the tendency for objects (by which he means everything in the universe) to remain in a state of inertia. […]
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