Bitcoin

Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets

MrBitcoin November 16, 2018

Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. The strategists reportedly suggested that rising volatility across various asset classes and deleveraging, such as that which happened in oil markets over the past weeks, […]

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests …

MrBitcoin November 16, 2018

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017: Figure 1: BTC-USD, Daily Candles, Broken Support Bitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through […]