Bitcoin Drops Explained: QCP Capital Unveils the Driving Factors
TL;DR Bitcoin dropped from $91,000 to $85,000 within a few hours following the release of adverse macroeconomic factors in Asia and signals of large fund sell-offs.
Discover in our section the latest cryptocurrency news, bitcoin and the so-called altcoins (alternative crypto).
Since 2011, thanks to the standard Bitcoin open source, new cryptocurrencies known as Altcoins are beginning to emerge, that use blockchain technology as an alternative to Bitcoin, complementing their ecosystem with new algorithms and functionalities.
Some of the best known altcoins are Ethereum [ETH], Ripple [XRP], Tron [TRX] or Litecoin [LTC].
Today there are many exchange houses or crypto exchanges, where these cryptocurrencies have established themselves as a new investment market for financial assets that grows in volume and complexity every day.
Some of the best known cryptocurrency exchanges and where you can make your exchanges are: Binance, Poloniex, Kukoin, or Kraken, among others.
If you want to be informed about everything that is happening in the cryptocurrency ecosystem, be sure to visit our news.
TL;DR Bitcoin dropped from $91,000 to $85,000 within a few hours following the release of adverse macroeconomic factors in Asia and signals of large fund sell-offs.
TL;DR A whale sold 12,320 BNB ($10.76M), increasing selling pressure and affecting both spot and derivatives markets. Long liquidations reached $3.5M, and open interest fell to
TL;DR Bitcoin started December under pressure, posting significant losses alongside altcoins, affected by macroeconomic factors and rising risk aversion. Bloomberg Intelligence warns that BTC could fall
TL;DR: Authorities dismantled Cryptomixer, a service that laundered over $1.4B in Bitcoin since 2016, seizing $27M and major data caches. The operation removed servers and the
TL;DR Dogecoin has experienced a sharp decline in activity among its largest holders, with whale transactions reaching levels not seen since early September. Recent on-chain data
TL;DR Peter Schiff returned to social media this week with renewed attacks on Bitcoin. He argued that the digital currencyās recent slump from $110,000 to $81,000
TL;DR The transfer of 389,999,999,999 SHIB from an Upbit wallet to an active address that has been moving memecoins across multiple exchanges was recorded. The receiving
TL;DR Bitnomial, a Chicago-based derivatives exchange, is preparing to launch the first CFTC-regulated spot cryptocurrency market in the U.S. following a November 13 self-certification filing. The
TL;DR ASTER faces increasing pressure as it trades under the key $1.00 support. The token has dropped to approximately $0.9007 after a sharp rejection from its
TL;DR: Recent on-chain data suggests that Bitcoin could be building a solid defense base, despite bearish pressure and recent volatility in the cryptocurrency market. Glassnode, an
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