Tag: Crash

XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming

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XRP has struggled to maintain momentum over the past seven days and has had repeated failures to reclaim higher ground above $2.8. The weekly performance shows a decline of over 4%, and intraday movement in the past 24 hours has shown swings between $2.71 and $2.85.  This price movement is part of a selling pressure that has been building up since XRP lost its grip above $3 on August 28. Interestingly, a technical outlook suggests that this selling pressure might eventually cause XRP’s price action to crash down to $1.…

Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets

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Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. The strategists reportedly suggested that rising volatility across various asset classes and deleveraging, such as that which happened in oil markets over the past weeks, are signs of the evolution of a bear market. On Nov.14, Bitcoin (BTC) price slumped below $5,400, while total market capitalization of all cryptocurrencies dropped as low as $174 billion. The price dive marked a…

Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400

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Key Points Bitcoin cash price crashed and declined more than $100 towards the $400 level against the US Dollar. There is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently consolidating above the $400 level and it could correct a few points in the near term. Bitcoin cash price declined heavily below $450 against the US Dollar. BCH/USD tested the $400 support and it is currently consolidating losses. Bitcoin Cash Price Analysis…

Bitcoin Is Unfolding Like The Dot-Com Crash — Just 15 times Faster | CNBC

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Bitcoin is behaving a lot like how the Nasdaq did around the dot-com bubble, but the timeline is unfolding 15 times faster, according to research published by Morgan Stanley on Monday. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter:…