Analysts Insist Bitcoin Crash Is Not as Bad as It Looks

Crypto Crash Today

Analysts Insist Bitcoin Crash Is Not as Bad as It Looks

 The crypto market has just clocked its most significant three-day sell-off in almost a year, shedding as much as $510 billion from its total market capitalization since Aug. 2.  Now, despite billionaire investor Mark Cuban making a "crazy" bitcoin price prediction, the head of institutional research at crypto exchange Coinbase has warned of further bitcoin price...  Cryptocurrencies saw huge losses on Thursday, with Bitcoin plummeting by over 9% on the day. Many crypto traders are already calling the sudden drop a flash crash.  Today's drop may seem unrelated to crypto, but it seemed that way in 2022 as well and the market crashed nonetheless. Travis Hoium has positions in Ethereum and Solana. The Motley Fool has ...  The bitcoin price has rocketed higher over the last year, topping $100,000 per bitcoin and driving ...[+] the crypto market to around $4 trillion as Donald Trump bets on bitcoin and crypto. Forbes ...

 Today’s drawdown in crypto prices has seen TOTAL—the combined market capitalization of all cryptocurrencies—lose key support provided by the 50 simple moving average (SMA) at $3.38 trillion in...  The bitcoin price has rocketed higher over the last year, topping $100,000 per bitcoin and driving ...[+] the crypto market to around $4 trillion as Donald Trump bets on bitcoin and crypto. Forbes ...  The crypto market has just clocked its most significant three-day sell-off in almost a year, shedding as much as $510 billion from its total market capitalization since Aug. 2.

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