$8,000: Trader Warns of Bitcoin Price Crash as Crypto Bloodbath Continues

Following an abrupt drop from $10,277 to $9,700 in the bitcoin price on August 28, the dominant crypto asset has continued to demonstrate weakness in its short term trend. In the past 12 hours, the bitcoin price has declined from $9,750 to $9,320 across major crypto exchanges including Bitstamp and BitMEX. Alternative crypto assets in […] The post $8,000: Trader Warns of Bitcoin Price Crash as Crypto Bloodbath Continues appeared first on CCN Markets

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The Bears Are Back in Town: Cryptocurrency Market Crashes, Loses $125 Billion

The post The Bears Are Back in Town: Cryptocurrency Market Crashes, Loses $125 Billion appeared first on CCN The bears are back in town. Following a yearlong rally, the cryptocurrency markets turned crimson on Friday as the bitcoin price began what appears to be a significant retrace. Cryptocurrency Market Cap Plunges by $125 Billion The retreat was as precipitous as it was comprehensive. Bitcoin plunged by more than 20 percent, while dozens of The post The Bears Are Back in Town: Cryptocurrency Market Crashes, Loses $125 Billion appeared first on…

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Bitcoin A Good Bet For Millennials, Says Bullish Strategist Tom Lee

The post Bitcoin A Good Bet For Millennials, Says Bullish Strategist Tom Lee appeared first on CCN Tom Lee, co-founder of the market strategy firm FundStrat Global Advisors and an outspoken bitcoin bull, sees bitcoin as a valid investment for young people. Lee told CNBC’s “Squawk Box” Thursday that bitcoin makes a lot of sense as a store of value. One of the key advantages to bitcoin is that its value is The post Bitcoin A Good Bet For Millennials, Says Bullish Strategist Tom Lee appeared first on CCN

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