Crypto news today and Bitcoin fall headlong
Cryptocurrency News today
This Article will updated crypto currency trends and news day by day and up today! Of course with some analytics, comments and or some information. May be together with; What’s up, What’s down, and or Mind of the Market….Yeah, we can say that it actually analysis the world market and write some words of our views
| Shaker | 8:00am EST 15th Mar 2021 | |
| Crypto: Biggest price rise BAL13.98% | Equities: Biggest price rise BA5.09% | Bitcoin $58,663.53 |
| Crypto: Biggest price loss BTG-6.86% | Equities: Biggest price loss BABA-2.05% | XRP $0.43 |
| Crypto: Biggest vol increase* BAL2,985.87% | Equities: Biggest vol increase* DIS266.54% | Tesla $692. |
What’s up
| ALGO Gets Rhythm |
| With Bitcoin and most altcoins getting pummeled, Algorand (ALGO) is having itself a private party. On Monday as of 8 a.m. (EST), ALGO had risen 15% to $1.30 over the prior 24 hours, following a two-week stint stuck range-bound. In January, Algorand announced a collaboration with digital custody tech provider Curv. Together, they’ll endeavor to create new DeFi technology billed as having a level of trustworthiness suitable for traditional institutions, payment providers and governments, Algorand COO Sean Ford said at the time. The platform is touted as a solution for smaller DApp developers priced out of the Ethereum blockchain plagued by network congestion and rising fees. “Algorand is a technically sound protocol that provides the scalability essential for further crypto adoption and the continued growth of the space,” Jay Hao, CEO of OKEx, said in an op-ed style article March 6 in Cointelegraph. ALGO’s technical indicators were particularly bearish as recently as Saturday (AMBCrypto). |
WHAT’S DOWN
| BTC’s Ominous Reversal Of Fortune |
| Beware the Ides of March! Bitcoin soared to a new high yesterday but the unfurling of March 15th brought with it a savage sell-off. It’s the kind of gut-churning volatility that blind soothsayers might have easily foretold assuming they’ve been paying attention to the way crypto markets behave. On Sunday, BTC reached roughly $61,700 following a Saturday sizzle-fest amidst feverish chatter online about stimulus money starting to ping bank accounts. As of Monday at 8:15 a.m. (EST), BTC had fallen 6.8% to $56,300. If newly flush U.S. citizens were buying BTC during the past few days, Decrypt noted, it would have been quite the whirlwind crypto induction. |
What is coming
| Cards correction |
If Bitcoin fails to rebound from the $55,000 area, one trader warned, then a steep correction – to below $47,000 – becomes a possibility (Cointelegraph).
BTC watchers have an eye on crypto regulatory upheaval in India, futures markets and the ratios between short- and long-term buyers. Unlike in December 2017, when BTC topped out, there’s data suggesting short-term selling (on the fly, with less conviction) isn’t overwhelmingly the dominant seller-type varietal compared to transactions among long-term holders.
Ahead of today’s severe price drop, at least one quant analyst grew worried while monitoring whale activity on exchanges such as Gemini.
Ki Young Ju, CEO, CryptoQuant, flagged data indicating heavy selling pressure among large wallets and pointed to stablecoin flows read as a sign of the hammer coming down.
Rating and Comments
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