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“Bitcoin rebound from dramatic weekend selloff fizzles out.” Ok CNN, just you wait and see.

Bitcoin rebound from dramatic weekend selloff fizzles out.” Ok CNN, just you wait and see.



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14 Comments

  1. It is possible that we enter a period of consolidation. This happened 2 cycles ago in 2013. Local top in April, consolidation around 100 day MA, and then blow-off top in November.

    Just saying, up is NOT the only way to go.

  2. I am loving the “news hates crypto” takes when CNN’s been sticking stories like “BTC tops 60K to break ATH” on the front page every couple weeks since Feb…

    Like, there was a contraction. What do you want them to do, put “but don’t worry, it’ll go up again” at the end of the headline?

  3. Wasn’t the dip triggered by massive sell offs by banks and HFs gathering capital to cover short positions and margins before 4/22? I’m no financial expert but that seems like good news lol also is a $8k BTC dip even a crash?? Seems so dramatic.

  4. tldr; Bitcoin fell more than 2% against the US dollar around midday Monday, trading around $55,230 per coin. The cryptocurrency suffered a flash crash on Saturday, plummeting some 14%. Bitcoin tumbled because of “some countries like Turkey making noise about banning Bitcoin as a payment methodology and also talk of further scrutiny by the US Treasury,” said Brad Bechtel, global head of FX

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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