$9218. Almost a 2.5% move in under 20 minutes. You’ve got to stay on your toes!
$9300 and I think we’ll see some selling now.
Wow, even a faster drop down to $8825. So that’s a 5% drop in under 10 minutes. Perhaps this is why bitcoin isn’t a safe haven…
Nice move up to almost $9500, and within 12 hours, down $1000/10.5% to around $8500. Keeping you on your toes!
Kraken 1H
Last 7 days
Market Cap is up another 13.5% ($253.14 B) since the last post. Volume of $307.44 B, up 37.4% since the last post.
The btc halving effect, I must say.
Brief hits above $10k on the 6th and 7th signalling some bullish hope, and then bam! 15% drop in 7 minutes at 8PM New York time.
$2 million dollar chunks liquidated, with btc dropping to around $8500 and then recovering at $8700. NO major news before the selloff. Just whales, doing what whales do. Currently trading at under USD $8675 on Kraken.
Last 7 days
Market Cap is DOWN 4.1% ($242.74 B) since the last post. Volume of $431.4 B, up 4034% since the last post.
Last 7 days
Market Cap is UP 10% ($266.96 B) since the last post. Volume of $268.7 B, is DOWN 37.7% since the last post.
A large drop in volume similar, but opposite, to what we saw two weeks. Of course, more coin prices are up.
BTC was down 8% in the last 24 hours. It’s rebounded 2% in the last 30 min to break back above $9k.
Could be related to a 50 bitcoin move from a wallet not active since 2009, only one month after the first block was mined.
Got the title changed to better reflect what this thread has been about recently.
Last 7 days
Market Cap is DOWN 7.5% ($247.07 B) since the last post. Volume of $183.17 B, is DOWN again, 31.8% this time, since the last post.
Pretty significant drops in volume for the last two weeks. I can only image a further drop in crypto prices. Perhaps the extending weekend in the US plays a bit into this.
Since my last weekly update, btc has broken through the $10k level. We haven’t seen 10k since Feb.
Another interesting note is that USDT has surpassed btc in trading volume just a tad, nearing $5 bn over the last 24 hours.
Btc down almost 6% in the last 30 min, down to around $9500. Profit takers are making themselves known.
Last 7 days
Market Cap is UP11.7% ($275.9 B) since the last post. Volume of $146.05 B, is DOWN again, 20.3% this time, since the last post.
BTC has been stuck between $9450 and $9850 since late May. $10K is an obvious hurdle that needs to be broken.
People keep saying it will reach $20,000 again this year, do you think that’s possible? And if yes, how probable is it?
$20,000, $100,000, $50,000/ It’s all over the place. I don’t think we hit $20,000. With the virus here, and not going anywhere, I don’t think the environment is right. I think equities, with their ups and downs, aren’t positioned in the right place. Too much of an unknown, with a potential second wave building.
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Last 7 days
Market Cap is DOWN %5.67 ($260.24B) since the last post. Volume of $127.56 B is DOWN again, 12.67% since the last post.
Thank you for the level-headed analysis of the situation!
No worry of a second wave. The first one won’t be ending anytime soon sadly. And that will requiring maintaining lockdown, which means depressed business income, which means more job loss.
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