These bearish mining-related factors suggest Bitcoin’s selloff is just getting startedBTC $7961 (+1%) • ETH $202 (+1.9%) • XRP $0.21 (+3%)
When crypto conferences and coronavirus collide
It isn’t only the markets that are being affected by the coronavirus. This image of the main stage at the CryptoCompare Digital Asset Summit in London tells a thousand words. Analyst: This top crypto is poised for a massive rally if it breaks this key level
The crypto market has seen a slight rebound today as Bitcoin and major altcoins like Tezos to put some distance between their current prices and their recent lows. Brave Browser can now redeem BAT for rewards at Uber, Amazon and Apple
Users of Brave’s desktop browser will soon be able to redeem their BAT for real-world rewards, thanks to the company’s partnership with the TAP Network. Binance.US introduces a more aggressive referral program
Binance.US, the U.S. only arm of Binance, has introduced a new referral program for its platform. These bearish mining-related factors suggest Bitcoin’s selloff is just getting started
It’s no secret that the past few weeks have been rough for Bitcoin, with the top digital asset by market capitalization seeing significant downside that has severely damaged the bullish market structure formed throughout January and February. This economic model shows Bitcoin on track for a 1000% climb despite recent selloff
Bitcoin (BTC) has been subjected to an unrelenting downtrend over the past few weeks, which has occurred in tandem with the selloffs seen by more traditional asset classes. Data shows the crypto market is inversely correlated with Coronavirus discussion rates
Fear surrounding the lethal Coronavirus (COVID-19) has plagued the global markets, sending shockwaves across multiple asset classes that has led commodities, crypto, and equities to all post sizeable losses over the past several weeks. Major Ripple supporter sells all of her XRP holdings due to toxic community
Tiffany Hayden, once one of the Ripple’s biggest supporters and self-proclaimed CEO of XRP, has sold off her XRP holdings due to constant attacks from the XRP community. This top cryptocurrency barely flinched as $40 billion got wiped off the market
From March 8 to 10, within a 48-hour span, the Bitcoin price plummeted by 13 percent in a severe short-term pullback. Investors rush to safe havens while Bitcoin fails to meet expectations
Safe-haven assets are on the rise amid concerns over a widening coronavirus outbreak. Meanwhile, Bitcoin collapsed over the weekend as investors begin to question its capability to act as a hedge. Featured sponsors⛱ LocalCryptos - LocalCryptos is a peer‐to‐peer custody‐less encrypted marketplace for buying and selling ether over‐the‐counter. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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These bearish mining-related factors suggest Bitcoin’s selloff is just getting started