Bitcoin's Sharp Price Drop May Have Been Prompted by $120M
Why is bitcoin price falling if GBTC is acquiring more then 100% of its new supply
I don't quite understand why is the price of bitcoin falling if GBTC is acquiring more the 100% of its newly minted supply. This factor combined with supply falling after the halving. An increase in demand and a fall in supply should lead to price appreciating. This should not be the case unless there are whales dumping on the markets larger then the scale of grayscale buying. Any thoughts? Grayscale buying bitcoin!
The current price of Bitcoin is falling on the eve of the SEC's ruling on the expectance of the Crypto ETF. Could this rapid decrease be a sign of insider information that the ETF will not be approved on March 11th?
Bitcoin jumped above the $10,000-level on Sunday for the first time in almost two months. The rally appeared as falling yields on US bonds lifted demand for safe-haven assets. Nevertheless, some analysts, including gold bull Peter Schiff, expect Bitcoin to correct below $10,000 in the coming Bitcoin jumped above the $10,000-level on Sunday for the first time in almost two months. The rally appeared as falling yields on US bonds lifted demand for safe-haven assets. Nevertheless, some analysts, including gold bull Peter Schiff, expect Bitcoin to correct below $10,000 in the coming sessions. Bitcoin broke Bitcoin just shed a week’s worth of gains in minutes. The cryptocurrency plummeted 10% in barely half an hour, falling from $9,500 to as low as $8,100 on some exchanges. Why Bitcoin Falling Below This Price Could Signal “Real Weakness” Thursday, 23 July 2020 ( 5 days ago ) Bitcoin has once again flatlined after rallying to $9,400. Bitcoin’s Sharp Price Drop May Have Been Prompted by $120M Scam Sell-off. Mar 9, 2020 at 11:55 UTC Updated Mar 9, 2020 at 14:35 UTC. Credit: Shutterstock. Omkar Godbole.
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