In the world of crypto, a rapid descent has unfolded, marking the swiftest drop in four months and prompting mild unease among traders. The correction across markets has triggered a flurry of #buythedip calls, indicating a prevalent eagerness and FOMO (Fear of Missing Out) sentiment as prices hit lows. 📉 #Crypto markets have retraced in a big way, & #Bitcoin’s price has now dropped 9.8% since its top on December 8th. Lower cap #altcoins are showing particularly steep falls, and there is a mix between #buythedip calls vs. those who are speculating that a #bearmarket is looming. pic.twitter.com/rDB0cZze1C — Santiment
The post Crypto Markets Witness Swift Correction In About $400m Liquidation As Traders Debate About Buy-the-Dip Calls And Bear Market Speculations appeared first on The Merkle News.
Bitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Friday’s decline came as a red wave swept through cryptocurrencies, with the market cap down 2.75% as of writing. Ethereum also slipped to its weakest point since March. Bitcoin Bitcoin (BTC) dropped below the $27,000 level […]
On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current 6.7 EH/s. Cleanspark Acquires 45,000 Bitmain Antminers for $144.9 […]
