Today news
About the same in other media
Why Bitcoin Retracing Last Year's Bear Market May Plunge Further
Reading now: 773
investopedia.comTechnical indicators suggest that cryptocurrency Bitcoin, whose recent price is more than 30% off its 2019 high in July, may fall yet more. “The best way to describe the market is it’s retracing last year’s bear market,” Mike McGlone, an analyst with Bloomberg Intelligence, indicated in a Bloomberg report. “It’s in no hurry to take out the old highs--there’s a hangover of residual selling from the parabolic rally in 2017. There’s just a lot of people who bought it, got way too overextended, who will be responsive sellers,” he added.
Among digital assets, Bitcoin is the most widely-held and widely-watched, as well as the largest by market value at about $155 billion. The trading range between its 50- and 200-day moving averages is now
Read more on investopedia.comAbout this in other media
Immersive cooling tech could help Bitcoin mining go green by 2030 cointelegraph.com /3 years ago
Bitcoin Fund worth $200M gets green light from Dubai’s FSA ambcrypto.com /3 years ago
To the roots of mining: Bitcoin going green faster than ever cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
