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The Independent

Bitcoin news – live: Price crash bounces back above $30k after hitting 2021 low

The price of bitcoin crashed even further on Tuesday, taking it below $30,000 for the first time since January.The latest losses come amid a market-wide downturn that has wiped hundreds of billions of dollars from the combined market cap of all cryptocurrencies over the last few days.Bitcoin still remains way up when looking at the year-on-year charts for 2021, having been worth less than $10,000 this time last year.The latest drop has led to fears that more losses could be on the way, as a pattern known as the “death cross” has been reached. This is where the 50-day moving price average falls below the 200-day moving average, potentially signalling the arrival of a bear market.Other leading cryptocurrencies also suffered, with Ethereum (ether), Cardano (ada), Binance Coin and dogecoin all dropping by a similar margin to bitcoin.You can follow all the latest news, analysis and expert price predictions for the crypto market right here. Read More Crypto limbo: Experts unpick El Salvador’s Bitcoin Law, NFTs and the future of dogecoin
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Dogecoin ($DOGE) Price Will Plunge to $0.05, Says Bitcoin Bull

A widely followed pseudonymous cryptocurrency analyst and bitcoin bull has predicted that the price of the meme-inspired cryptocurrency Dogecoin (DOGE) is “programmed” to plunge to $0.05 and that even Tesla CEO Elon Musk would be unable to save it. The pseudonymous analyst, going by Tyler Durden on social media, posted...

Bitcoin, Dogecoin and Ethereum are crashing. Here's why

One day you're on top of the world, making headlines for your upcoming appearance on SNL. Not long after, you're the laughing stock of the internet. That's the curse of DogeCoin which, along with Bitcoin, Ethereum and pretty much every other cryptocurrency, tumbled in value on Monday. DogeCoin is down...
MarketsCBS News

Bitcoin crash wipes out nearly all the cryptocurrency's gains for 2021

The price of bitcoin continues to swoon, sliding below $30,000 in early trading on Tuesday and giving up nearly all of the digital currency's gains for the year, according to Coindesk. Bitcoin reached a high of $64,829 in April, while other cryptocurrencies also soared. Ethereum topped $4,100 in May, up...

Dogecoin price analysis: Dogecoin retests $0.165 with another sharp move lower

DOGE retraced to the $0.21 mark overnight. Overall price action sentiment is still bearish. Rejection for further downside seen again. Dogecoin price analysis is bullish for the next 24 hours as the $0.165 mark was retested over the past hours and DOGE/USD prepares to spike higher once again. Therefore, we can expect Doge to move to the $0.25 mark later this week.

He’s Not a Dogecoin Millionaire. Because He Didn’t Sell

Dogecoin millionaire Glauber Contessoto is not a millionaire anymore. But he still isn't selling. Image: Twitter/@ProTheDoge. Glauber Contessoto put all his money into Dogecoin. His holdings went up in value and touched $2 million. But the volatile meme coin has since dipped—and he’s no longer a Dogecoin millionaire. Glauber Contessoto...

Extreme Fear In Crypto Market, Is It Time To Buy The Blood In Bitcoin?

The past week has been a brutal one for bitcoin and crypto in general. The market has taken hit after hit. So much so that it’s starting to seem like there is no end in sight. Coins have been falling at high percentages. It brings back a popular saying in the financial markets; “there’s blood in the streets.”
StocksPosted by
The Independent

Bitcoin price – live: Crypto market sees remarkable recovery after massive crash takes it to 2021 low

Bitcoin has bounced back on Wednesday after a series of price crashes over the last few days took the cryptocurrency to its lowest point of 2021.After briefly reaching below $29,000 on Tuesday, bitcoin is now back above $34,000 and appears to be trending upwards. Ethereum (ether), Cardano (ada), dogecoin and other leading cryptocurrencies have mirrored this movement, adding $200 billion to the market overnight.The rebound means crypto analysts remain divided over whether the losses are part of a broader bear market, or simply a price correction midway through a bull run that will take bitcoin to new record highs later this year.Major investors appear convinced it is the latter, with MicroStrategy ploughing another half a billion dollars into bitcoin earlier this week. The founder of dogecoin also revealed he invested in the cryptocurrency for the first time in eight years.We’ll have all the latest news, analysis and expert price predictions right here. Read More Crypto limbo: Experts unpick El Salvador’s Bitcoin Law, NFTs and the future of dogecoin

Is it possible to make crypto sustainable? A few coins are trying

Bitcoin is not sustainable. Despite claims that the cryptocurrency utilizes renewable energy, researchers have found that Bitcoin continues to primarily use fossil fuel sources to power mining efforts — so much so that Bitcoin has a carbon footprint roughly equal to the entire country of Morocco. So while investing in the cryptocurrency may be good for your bottom line, depending on how favorably Elon Musk is tweeting about it on any given day, it is always terrible for the environment.

Cathie Wood bought 1 million shares of Grayscale Bitcoin Trust during crypto's drop below $30,000

Ark Invest's Cathie Wood took advantage of the volatility in bitcoin on Tuesday, buying up shares of Grayscale Bitcoin Trust and Coinbase. Wood — known for taking advantage of dips in her highest conviction picks —purchased 1,046,002 shares of the Grayscale Bitcoin Trust in the ARK Next Generation Internet ETF on Tuesday, a position worth roughly $12 million based on Grayscale's closing price of $11.47 per share. Shares of Grayscale closed flat on Tuesday but dropped near $10 per share during the rout in bitcoin.
MarketsPosted by
The Motley Fool

Here's Why Bitcoin, Ethereum, and Dogecoin Crashed Today

The cryptocurrency market endured a brutal decline on Tuesday, as regulators clamped down on the industry. Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) were down 7%, 9%, and 20%, respectively, as of 11 a.m. EDT -- and many other cryptoassets were down even more. So what. Investors are on edge...

Coinbase milestones have been reliable sell signals for bitcoin, dogecoin

For cryptocurrency investors, new developments from leading exchange Coinbase have become a bad omen. The price of cryptocurrencies were struggling again on Tuesday, with the price of bitcoin briefly falling below $30,000 for the first time since January before rebounding. This latest milestone in bitcoin's price continues a dramatic fall...