Sign up to save your podcasts
Or
Share DDCT #90 - 12/6/2021 (A perfect storm as bitcoin stages weekend crash that puts it on verge of ‘breakdown. Here’s what crypto bulls are saying)
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
DDCT #90 - 12/6/2021 (A perfect storm as bitcoin stages weekend crash that puts it on verge of ‘breakdown. Here’s what crypto bulls are saying)
#Bitcoin #buythedip #flashcrash
I'd like to welcome everyone to my new YOUTUBE CHANNEL
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://finance.yahoo.com/news/behind-bitcoins-grim-weekend-cascading-liquidations-dash-expectations-for-crypto-161727320.html
Behind crypto's ugly weekend, 'cascading' selloffs and dashed hopes for Bitcoin $100K
Hodl" no more?
The grim weekend cryptocurrency drubbing that dragged Bitcoin (BTC) under $50,000 and ravaged other digital coins has decisively tempered the bullishness of investors — some of whom were predicting a run at $100,000 just weeks ago.
Fueled by uncertainty over the Federal Reserve inching toward tighter monetary policy in the face of surging inflation, and global fears over the new Omicron variant of COVID-19, the dramatic crash was super-charged by liquidations in the crypto derivatives market, market players say.
https://ambcrypto.com/this-bitcoin-fractal-predicted-the-fall-but-heres-the-next-price-target/
This Bitcoin fractal predicted the fall, but here’s the next price target
Bitcoin, along with the larger crypto-market, dropped the ball after the most recent price fall had echoes of 19 May’s crash. With BTC shedding 25% of its value in a matter of a few hours, the market seemed to reset to its September-end levels. While it was trading around the $49k-mark at press time, for a brief moment, it did tread close to $42,000 too.
The aforementioned price fall led to a mass wipeout, giving way to over $2.5 billion liquidations across the market. Ergo, the question – Does the macro bullish outlook for Bitcoin remain intact?
https://decrypt.co/87311/one-of-the-most-transformative-moments-in-our-lives-why-time-is-betting-big-on-crypto-and-nfts?utm_medium=referral&utm_campaign=feed&utm_source=flipboard
‘One of the Most Transformative Moments in Our Lives’: Why TIME Is Betting Big on Crypto and NFTs
Long-running magazine and media brand TIME has launched a number of crypto and NFT initiatives in 2021.
TIME President Keith Grossman spoke with Decrypt about his belief in Web3 and the potential to help onboard readers into crypto.
https://ambcrypto.com/bitmart-loses-200m-following-large-scale-security-breach/
Bitmart loses ~$200M following ‘large-scale security breach’
As the crypto-market lost momentum and people across the board panicked again, a group of hackers conflated users’ concerns by targeting Bitmart, a cryptocurrency exchange. Earlier on Sunday, Bitmart Founder and CEO Sheldon Xia confirmed the hack, noting,
“We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions.”
On the contrary, security researchers PeckShield estimated a total loss of $200 million in various assets. As per the researchers,
https://www.marketwatch.com/story/a-perfect-storm-as-bitcoin-stages-weekend-crash-that-puts-it-on-verge-of-breakdown-heres-what-crypto-bulls-are-saying-11638645643
‘A perfect storm’ as bitcoin stages weekend crash that puts it on verge of ‘breakdown.’ Here’s what crypto bulls are saying.
A downturn in global stocks appears to be spilling over into the nascent crypto market, with a bout of weekend selling erupting into a mini-flash crash in prices of bitcoin and other notable digital assets.
By Sunday afternoon, bitcoin BTCUSD, -0.22% was trading at $49,252, down slightly on the day. But that followed a harrowing day of trading Saturday, with bitcoin slumping to around $42,000 on some exchanges, tumbling nearly 30% peak-to-trough on a 24-hour basis.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
View all episodes
By Dave D#Bitcoin #buythedip #flashcrash
I'd like to welcome everyone to my new YOUTUBE CHANNEL
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://finance.yahoo.com/news/behind-bitcoins-grim-weekend-cascading-liquidations-dash-expectations-for-crypto-161727320.html
Behind crypto's ugly weekend, 'cascading' selloffs and dashed hopes for Bitcoin $100K
Hodl" no more?
The grim weekend cryptocurrency drubbing that dragged Bitcoin (BTC) under $50,000 and ravaged other digital coins has decisively tempered the bullishness of investors — some of whom were predicting a run at $100,000 just weeks ago.
Fueled by uncertainty over the Federal Reserve inching toward tighter monetary policy in the face of surging inflation, and global fears over the new Omicron variant of COVID-19, the dramatic crash was super-charged by liquidations in the crypto derivatives market, market players say.
https://ambcrypto.com/this-bitcoin-fractal-predicted-the-fall-but-heres-the-next-price-target/
This Bitcoin fractal predicted the fall, but here’s the next price target
Bitcoin, along with the larger crypto-market, dropped the ball after the most recent price fall had echoes of 19 May’s crash. With BTC shedding 25% of its value in a matter of a few hours, the market seemed to reset to its September-end levels. While it was trading around the $49k-mark at press time, for a brief moment, it did tread close to $42,000 too.
The aforementioned price fall led to a mass wipeout, giving way to over $2.5 billion liquidations across the market. Ergo, the question – Does the macro bullish outlook for Bitcoin remain intact?
https://decrypt.co/87311/one-of-the-most-transformative-moments-in-our-lives-why-time-is-betting-big-on-crypto-and-nfts?utm_medium=referral&utm_campaign=feed&utm_source=flipboard
‘One of the Most Transformative Moments in Our Lives’: Why TIME Is Betting Big on Crypto and NFTs
Long-running magazine and media brand TIME has launched a number of crypto and NFT initiatives in 2021.
TIME President Keith Grossman spoke with Decrypt about his belief in Web3 and the potential to help onboard readers into crypto.
https://ambcrypto.com/bitmart-loses-200m-following-large-scale-security-breach/
Bitmart loses ~$200M following ‘large-scale security breach’
As the crypto-market lost momentum and people across the board panicked again, a group of hackers conflated users’ concerns by targeting Bitmart, a cryptocurrency exchange. Earlier on Sunday, Bitmart Founder and CEO Sheldon Xia confirmed the hack, noting,
“We have identified a large-scale security breach related to one of our ETH hot wallets and one of our BSC hot wallets. At this moment we are still concluding the possible methods used. The hackers were able to withdraw assets of the value of approximately USD 150 millions.”
On the contrary, security researchers PeckShield estimated a total loss of $200 million in various assets. As per the researchers,
https://www.marketwatch.com/story/a-perfect-storm-as-bitcoin-stages-weekend-crash-that-puts-it-on-verge-of-breakdown-heres-what-crypto-bulls-are-saying-11638645643
‘A perfect storm’ as bitcoin stages weekend crash that puts it on verge of ‘breakdown.’ Here’s what crypto bulls are saying.
A downturn in global stocks appears to be spilling over into the nascent crypto market, with a bout of weekend selling erupting into a mini-flash crash in prices of bitcoin and other notable digital assets.
By Sunday afternoon, bitcoin BTCUSD, -0.22% was trading at $49,252, down slightly on the day. But that followed a harrowing day of trading Saturday, with bitcoin slumping to around $42,000 on some exchanges, tumbling nearly 30% peak-to-trough on a 24-hour basis.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations