Follow us on social

0

by

The Classy Investors

  /  Stock   /  Crypto Traders Talk Bitcoin Price Direction After BTC’s Swift 13% Drop
64

Crypto Traders Talk Bitcoin Price Direction After BTC’s Swift 13% Drop

by
Stock, Top News
imageCryptocurrency14 hours ago (Aug 03, 2020 02:40PM ET)

Crypto Traders Talk Bitcoin Price Direction After BTC’s Swift 13% Drop

The price of Bitcoin declined by more than 13% within 30 minutes on Aug. 2. The shocking short-term price action caused $1 billion worth of liquidations in futures contracts for Bitcoin (BTC) and Ethereum’s native token, Ether (ETH). Following the rapid sell-off, traders are cautiously optimistic and are considering both bullish and bearish scenarios.

Before delving into the various scenarios traders have in mind for Bitcoin, it is crucial to understand what caused the correction. On-chain data from Santiment suggests that warning signs emerged when the growth of daily active addresses slumped as Bitcoin topped at around $12,000.

Continue Reading on Coin Telegraph

Crypto Traders Talk Bitcoin Price Direction After BTC’s Swift 13% Drop

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

COOL
0
GEEKY
0
LOL
0
LOVE
0
MEH
0
NSFW
0
OMG
0
8

You might not be able to choose your family, but you can Pick n’ Mix the best media personalities to associate your image with – It’s who you hang out with that vitally defines who you are As they say, ‘You

by
Top News
19

Daniel Donnelly, founder of international property brokerage firm Sherwood Finance, never intended to become his business to also become a financial educator but then he discovered just how woeful the standards of financial literacy are in society. Here, he discusses why

by
Top News
19

British businesses are scrambling to sever economic ties with China in the wake of increased political and security tensions between Beijing and the west, an industry leader has said. The Confederation of British Industry (CBI) director general, Tony Danker, warned that

by
Top News

Disclaimer: TheClassyInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 TheClassyInvestors. All Rights Reserved.