Bitcoin Whales to the Rescue?

More from: | Hacked.com |
0

The extended period of low volatility and light trading activity ended today in Asian trading in the cryptocurrency segment. In line with the long-term trends, the major coins fell below key short-term support levels in a concerted fashion, as yesterday’s crash in stock markets spread to Asia, leading to liquidations across asset classes. Given the long consolidation, lots of energy built up in the market that could lead to an outsized move in the coming weeks.

The selloff hit all of the top and small-cap coins, with 5-10% losses across the board and with no significant bounce so far. Traders and investors still shouldn’t enter positions here, even as the bear market lows are still holding up in most cases,

(...)

Read full article » https://hacked.com/bitcoin-whales-to-the-rescue/


About | Hacked.com |

For too long, people have lived in a system that is rigged. A system that makes the poor poorer and the rich richer. In 2009, an invention came into existence which is now shaking up the banking industry – but we still have a long journey ahead of us for financial freedom. Automation and AI will claim more jobs than the first industrial revolution did. Researchers are unsure of the ramifications. Countries are debating citizens’ income to adjust for the lack of jobs due to automation. We believe that people need to plan for their own financial freedom. We will share information on how you can make more money and help you take the right financial decisions for the coming years.

We have a dedicated team working to improve your financial understanding and help you get set for the coming macroeconomic changes. We want to give you the tools to become financially independent. Our team consists of economists, entrepreneurs, cryptocurrency enthusiasts, and technologists.

Including Hacked.com we are responsible for CryptoCoinsNews.com, one of the world’s leading bitcoin, blockchain, and FinTech news sites.

»Twitter: @HackedCom