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02 June 2020

Price Drops 7% in an Hour After Bitcoin Sees a Ghost - CoinDesk

Price Drops 7% in an Hour After Bitcoin Sees a Ghost - CoinDesk


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Price Drops 7% in an Hour After Bitcoin Sees a Ghost.

Bitcoin was spooked by a ghost Wednesday, tumbling 7% in the span of an hour on reports a previously inactive address dating to the blockchain network’s earliest days had transferred more than $300,000 of the cryptocurrency. .

Wednesday's tumble was most pronounced on Luxembourg-based exchange Bitstamp, where the price for 1 BTC lost 7% in one hour. 

The market pullback appeared to be exacerbated by the liquidation of heavily leveraged positions on the Seychelles-based BitMEX exchange, where traders can use derivatives known as perpetual swaps to bet up to 100 times their money down.  

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Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 5 days ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

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coindesk.com
Market data feeds provided by cryptocompare.com
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