instal the last version for ios Attribute Changer 11.30

Beyond the confluence of negative news, analysts are pointing to market structure and a flood of liquidations as a cause of BTC’s recent slide.

The sudden drop followed a Wall Street Journal report suggesting that Elon Musk’s SpaceX sold a chunk of BTC and wrote off BTC holdings from 20, and Chinese property giant Evergrande’s chapter 15 bankruptcy filing in New York.

A day later, prices tumbled even further, dropping from $27.5k USD to near $25k USD in minutes, before bouncing back and consolidating around $26.2k USD by Friday morning. Get started Crypto Prices Tumble Amid a Confluence of Negative News and LiquidationsĪfter trading in a tight range between $29k-$30k USD for the past month, bitcoin (BTC) broke below the $29k USD support level hitting $28.3k USD on Wednesday evening. Millions use Gemini to diversify their portfolios. The secure way to buy, sell, store and convert crypto.

Equities dip as China’s economic woes weigh on markets: Equities dipped along with crypto markets this week, with the economic news coming out of China showing a cloudy outlook for the country as it slips into a deflationary period.

The Sandbox completes $100 million USD token unlock: Other projects including Avalanche (AVAX) and Injective (INJ) also have token unlocks coming later in August.

Coinbase secures approval to offer crypto futures to US investors: After applying two years ago to the National Futures Association, Coinbase has received approval for a Futures Commission Merchant, which will allow it to offer futures products to US investors.

EU lists a spot bitcoin ETF, beating US to the punch: A London-based asset manager listed a spot bitcoin ETF on the Amsterdam Euronext stock exchange this week, as US asset managers wait on the SEC for a decision on US-based spot bitcoin ETF applications.

The downward price action followed a build up of negative news, including a report of large sales of BTC by SpaceX, the bankruptcy of Chinese property giant Evergrande, and a subsequent raft of liquidations in the crypto derivatives market totalling $1 billion USD in 24 hours.

Crypto prices tumble as negative news and liquidations hit market: Bitcoin moved sharply lower this week, dipping well below recent ranges, nearly hitting $25k USD on Thursday before somewhat bouncing back.**Crypto prices as of Friday, August 18, 2023, at 12:05pm ET. *Percentages reflect trends over the past seven days.

Instal the last version for ios Attribute Changer 11.30