#bitcoin tumbling

[monero-news]

An important question for those who want to use #Bitcoin and other #Crypto anonymously… is Bitcoin mixing obsolete?

An in-depth look at how to use cryptocurrency safely and privately.

[cryptonewscentral]

📉💥 Bitcoin's wild ride takes a shocking turn as the market experiences a dramatic $10,000 plunge! What caused this sudden drop? ���️ From a weakening US economy to the Fed's looming decisions, dive into the reasons behind the turbulence. 🧐💰

[wecoinverse]

📉 Bitcoin tumbles to $53K!

Analysts caution that this might just be the beginning.

Stay tuned for more updates on this volatile journey. 💡

[vxtxnxcxnxix]

There's no question that Shiba Inu (CRYPTO: SHIB) had an incredible run in 2021.

The dog-themed cryptocurrency jumped from $0.000000000133 (nine zeros) at the end of 2020 to $0.000033 (four zeros) at the end of 2021, skyrocketing around 26,000,000% as major cryptocurrency exchanges allowed trading in SHIB and meme coins remained popular after the earlier rise of Dogecoin (CRYPTO: DOGE).

After the meme coin shaved off five decimal zeros from its price, some are calling for the coin to eventually reach $1. From its current price of $0.000021, that would mark a gain of roughly 4,700,000%. Considering how far Shiba Inu has already come, it may seem realistic for the coin to gain another 4,700,000%, but basic math is standing in the way.

Shiba Inu trades for such a small fraction of a penny because its supply is so large. There's currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion. If those tokens were worth $1 each, SHIB's market cap would be $549 trillion, roughly 200 times bigger than Apple, the world's most valuable company, and more than six times the world's annual GDP.

In other words, Shiba Inu reaching $1 would likely require a massive reordering of the world economy. That's not going to happen. However, there is a caveat.

The only way SHIB can reach $1

There are two ways for Shiba Inu's value to increase. One is that traders simply bid up the price. The other is for the supply to decrease, which should make the remaining coins more valuable. In order for this to happen, the coins have to be taken out of circulation, or burned, as traders usually call it, by being transferred to dead wallets.

It's not unusual for this to happen. In fact, according to Shibburn, a website that tracks the burning of Shiba Inu coins, 410 trillion Shiba Inu coins have already been burnt. Nearly all of those coins were taken out of circulation by Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH) who was gifted half of the 1 quadrillion Shiba Inu coin supply by the anonymous Shiba Inu founder. Buterin did so because he felt uncomfortable controlling so much of the supply of the cryptocurrency.

According to Shibburn, at the time of writing, 62 million Shiba Inu coins had been burned in the last 24 hours. While that might sound like a lot, at that rate it would take a little more than two weeks to burn 1 billion coins, and 40 years to burn 1 trillion. The burn could accelerate if there were an organized movement among SHIB holders, which could pick up steam if the value of SHIB continues to drop. However, there's a clear disincentive to burning the coins. If the value begins going up, it's in the interest of holders to keep their coins rather than burn them, and the decentralized nature of cryptocurrency makes it unlikely that there will be an organized movement powerful enough to substantially reduce the number of coins.

What's next for Shiba Inu

Since its peak at $0.88 at the end of October (2022?), Shiba Inu has lost more than 75% of its value, and other cryptocurrencies have fallen sharply as well. Bitcoin (CRYPTO: BTC) is down nearly 50% from its all-time high, as is Ethereum. Cryptocurrencies have tumbled amid broader jitters in the stock market over rising interest rates.

It's impossible to predict where the crypto currency market will go next, but the most highly inflated assets during the pandemic have already fallen sharply.

At this point, another Shiba Inu rally seems unlikely, and reaching $1 is nearly impossible.

Source:

https://www.nasdaq.com/articles/the-only-way-shiba-inu-will-ever-reach-$1

After October 22

Bitcoin Futures at the CME

ETF funds for Bitcoin

Crypto companies (stocks tend to gain as Bitcoin gains)

Cryptocurrency brokers sell derivatives

What’s next?

Coinbase announced AI 🤖 bot and how to create your own trading bot in 3 minutes using artificial intelligence

Price of Shiba at the time of this post (1:55am 10/30/2024)

0.00001910

Newark NJ

[nigeriabitcoincommunity]

What Caused the Market Crash—Is a Bear Market on the Horizon?📉

In a dramatic turn of events, the cryptocurrency market has suffered a significant crash, sending shockwaves through the financial landscape. Bitcoin (BTC) dropped 1.34% to $97,656, while Ethereum (ETH) plunged 13.74% to $2,655.46, and Cardano (ADA) tumbled 14.82% to $0.7385. The sudden crash has left investors scrambling for answers. Is this just a dip or something bigger? Let’s break down the…

[gwadakidd]

Again, What’s Going on With Bitcoin?

Trump's latest trade war is shaking up the crypto markets in unexpected ways. 

The President's plan to impose hefty tariffs on Canada, Mexico, and China has sent Bitcoin tumbling below $95,000.

The real drama? The memecoin market. These usually resilient tokens are taking a serious beating, with Trump's own memecoin down 30% this week. Even his wife's token is struggling to keep up.

[trendingnews19]

U.S. President-elect Donald Trump and Bitcoin.Cheney Orr | Dado Ruvic | ReutersCryptocurrencies tumbled in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.The price of bitcoin was at $95,722.77, down from a price above $102,000 before the weekend, according to Coin Metrics. Ether plunged to around $2,600 from above $3,300 Friday.The slide began Saturday night after Trump signed an order imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China, which will take effect Tuesday. The U.S. does about $1.6 trillion in business with the three countries.Jeff Park, Bitwise Asset Management's head of alpha strategies, said a sustained tariff war will be "amazing" for bitcoin in the long-run due to an eventual weakening of the dollar and U.S. rates.While many believe bitcoin is a hedge against inflation and uncertainty over the long term, it trades like a risk asset in the short term — and is likely to respond negatively to any uncertainty around the trade war triggered by Trump's tariffs.Investors are watching $90,000 as the key support level in bitcoin, and some have warned of an even deeper pullback toward $80,000 should the cryptocurrency meaningfully break below its support.Bitcoin is about 16% off its Jan. 20 record of $109,350.72. Seasoned crypto investors and traders have become accustomed over the years to corrections of around 30% during bull markets.Don't miss these cryptocurrency insights from CNBC Pro:

[starseedfxofficial]

The Hidden Formula: How the Relative Strength Index and Head & Shoulders Pattern Can Uncover Your Next Big Trade Cracking the Code: Why RSI + Head & Shoulders is a Power Combo Ever wonder why your trades feel like a Netflix drama—full of suspense, unexpected twists, and that gut-wrenching moment when everything crashes? If so, it’s time to level up with one of the most powerful duos in technical analysis: Relative Strength Index (RSI) + Head and Shoulders (H&S) pattern. Traders often treat RSI as their go-to momentum indicator, while the Head & Shoulders pattern is a classic reversal signal. But here’s the secret sauce—when combined, these two create a sniper-level trading strategy that many traders overlook. Let’s dive into how this combo can help you predict market reversals like a seasoned pro and avoid common pitfalls that wipe out accounts faster than a bad reality TV investment. The RSI Deception: Why Most Traders Get It Wrong RSI, created by J. Welles Wilder Jr., is the ultimate ‘overbought/oversold’ indicator. Traders love it, but most don��t realize this: - Overbought Doesn’t Mean Sell, and Oversold Doesn’t Mean Buy – Markets can stay overbought for weeks, tricking traders into premature exits. - Divergence is King – Instead of blindly selling at 70 or buying at 30, look for RSI divergence. If price makes a new high but RSI refuses to confirm it—warning bells should be ringing. - Hidden RSI Signals Most People Miss – A lesser-known trick is RSI failure swings, which can hint at reversals before the price actually turns. 🚀 Pro Tip: The real power of RSI comes from combining it with chart patterns—enter Head & Shoulders. Why Head & Shoulders Is More Than Just a Funny Name You’ve probably heard of the Head & Shoulders pattern—not the shampoo, the reversal pattern. But what most traders don’t know is how to use RSI to confirm it and eliminate false signals. What Makes It So Powerful? - It signals trend exhaustion - It helps you catch reversals early - It works on multiple timeframes (but don’t expect the same impact on a 1-min chart vs. a daily chart) A classic Head & Shoulders pattern has three peaks: the left shoulder, head, and right shoulder. The key? The neckline, which, when broken, signals a shift in momentum. 🚀 Pro Tip: The real magic happens when RSI confirms the breakdown. If price breaks the neckline AND RSI shows bearish divergence (lower highs), that’s your green light to take action. Ninja-Level Tactics for Mastering RSI + H&S Patterns 1. Spotting the ‘Fakeouts’ Before They Wreck Your Trade False breakouts are the enemy. To avoid getting trapped: ✅ Check RSI divergence before trusting a Head & Shoulders pattern. ✅ Wait for a retest of the neckline before entering—this confirms the move. ✅ Look for volume confirmation (low volume = weak move, high volume = strong conviction). 2. Multi-Timeframe Confirmation for Sniper Accuracy Big money traders don’t just stare at one chart. Here’s what you do: 🎯 Check higher timeframes (daily or weekly) for major trend confirmation. 🎯 Use lower timeframes (H4 or H1) for sniper entries. 🎯 Only enter when RSI AND H&S align across timeframes. 3. The RSI ‘Sweet Spot’—The Key to Predicting Price Moves Instead of just relying on 70/30 levels, focus on RSI trend structure: - In a bullish market, RSI tends to range between 40-80 (not 30-70!) - In a bearish market, RSI tends to range between 20-60 - When RSI shifts ranges, expect a trend change before price even confirms it! Case Study: How Traders Used RSI + H&S to Predict a Bitcoin Drop In late 2021, Bitcoin traders who were just staring at price action missed the biggest warning sign: RSI divergence on a Head & Shoulders pattern. 🔹 Price formed an H&S pattern on the daily chart 🔹 RSI showed bearish divergence—a clear sign of trend exhaustion 🔹 When Bitcoin broke the neckline, those who followed this strategy shorted BTC before it tumbled over 40% 🚀 Lesson? When RSI confirms an H&S breakdown, it’s time to act fast! Final Takeaway: How to Trade Like an Insider 🚀 The Ultimate RSI + Head & Shoulders Checklist ✅ Look for a Head & Shoulders pattern on higher timeframes ✅ Confirm with RSI divergence—this eliminates false signals ✅ Wait for neckline break + RSI below 50 for extra confirmation ✅ Always check volume and trend strength before entering ✅ Use multi-timeframe analysis for sniper precision entries 🔥 Want to sharpen your skills even further? Get access to real-time trade setups, expert analysis, and advanced strategies: 👉 Join our StarseedFX Community —————– Image Credits: Cover image at the top is AI-generated Read the full article

[digicloudm]

Bitcoin Follows Tech Stocks Lower as New AI App Rattles Markets

(Bloomberg) — Bitcoin and other cryptocurrencies tumbled, following technology stocks lower, as the emergence of a new Chinese artificial-intelligence model triggered a global selloff in riskier assets. Most Read from Bloomberg The original cryptoasset fell as much as 6.5% to below $100,000 on Monday, the biggest intraday drop since Dec. 6, before paring its loss in half and trading at about…

[virtualcurrencyspace]

Bitcoin Falls As New Chinese AI App Causes Anxiety

Bitcoin and other cryptocurrencies tumbled, following technology stocks lower, as the emergence of a new Chinese artificial-intelligence model triggered a global selloff in riskier assets.

https://finance.yahoo.com/news/bitcoin-slips-traders-profits-trump-032048830.html

[todayscroll]

Bitcoin Follows Tech Stocks Lower as New AI App Rattles Markets

(Bloomberg) — Bitcoin and other cryptocurrencies tumbled, following technology stocks lower, as the emergence of a new Chinese artificial-intelligence model triggered a global selloff in riskier assets. Most Read from Bloomberg The original cryptoasset fell as much as 6.5% to below $100,000 on Monday, the biggest intraday drop since Dec. 6, before paring its loss in half and trading at about…

[newsmatik]

Bitcoin tumbles, Trump sign drops over 20% as crypto market cools

A cartoon picture of US President-elect Donald Trump with cryptocurrency symbols, displayed in front of the White House to mark his inauguration, was displayed at the Coinhero store in Hong Kong, China, on Monday, January 20, 2025. Paul Yeung | Bloomberg | Getty Images Bitcoin and other cryptocurrencies sank on Tuesday, as investor sentiment surrounding cryptocurrencies cooled following the…

[newsclickofficial]

As Bitcoin (BTC) retests the $90,000 price level after tumbling almost 9% in the past week, institutional investors and corporations are seizing the pullback as an opportunity to increase their BTC reserves. Business intelligence firm MicroStrategy is one such entity, having purchased 2,530 BTC during the ongoing market downturn. MicroStrategy Buys The Bitcoin Dip Undeterred by the crypto market’s decline, MicroStrategy has added more BTC to its holdings for the 10th consecutive week. According to an announcement by the firm’s CEO, Michael Saylor, MicroStrategy acquired an additional 2,530 BTC for $243 million at an average price of $95,972, inclusive of fees and other expenses. The latest purchase brings MicroStrategy’s total Bitcoin holdings to over 450,000 BTC, acquired for a cumulative $28.2 billion at an average price of $62,691 per BTC. Saylor also revealed that on a year-to-date (YTD) basis, MicroStrategy achieved a BTC yield of 0.32%. For the uninitiated, BTC Yield is a key-performance indicator (KPI) that is used to assess the strategy used to acquire Bitcoin. In MicroStrategy’s context, the firm financed its BTC purchase by issuing additional shares of its common stock. Between January 1 and January 12, MicroStrategy sold 710,245 shares, raising approximately $243 million. These proceeds funded the Bitcoin purchase, propelling the company’s BTC holdings to a new all-time high (ATH). Despite this strategic acquisition, MicroStrategy’s stock price did not see a positive impact. At the time of writing, MSTR is trading at $312.16, down 4.8% on the day. However, MSTR is up an impressive 540% over the past year, reflecting its strong correlation with Bitcoin’s price trajectory in 2024. Source: Yahoo! Finance Alongside MicroStrategy, medical healthcare manufacturing firm Semler Scientific announced its purchase of 237 BTC for $23.3 million – bought between December 16 and January 10 – at an average price of $98,267.  Semler Scientific now holds 2,321 BTC, acquired for a total of $191.9 million at an average price of $82,687 per BTC. The company financed its latest BTC purchase through proceeds from its at-the-market (ATM) offering and operating cash flow. It should be recalled that Semler Scientific started its BTC acquisition journey in May 2024 when it added 581 BTC to its balance sheet. In December 2024, the company scooped an additional 303 BTC to increase its cryptocurrency reserves. Will BTC Recover From Price Slump? After hitting a new ATH of $108,135 on December 17, BTC has been stuck in the $90,000 to $100,000 price range. The recent crypto market pullback has pushed Bitcoin to the lower end of this range, with the potential for a breakdown to $84,000 if the $90,000 support level fails to hold. While the purchases by MicroStrategy and Semler Scientific demonstrate corporate confidence in Bitcoin, crypto entrepreneur Arthur Hayes cautioned that further corrections could occur ahead of U.S. President-elect Donald Trump’s inauguration on January 20. Nevertheless, some analysts remain optimistic. Recent Elliott Wave analysis suggests that after the current correction, BTC could climb as high as $210,000. At press time, BTC is trading at $92,277, down 3% in the past 24 hours. BTC trades at $92,277 on the daily chart | Source: BTCUSDT on TradingView.com Featured Image from Unsplash.com, Charts from Yahoo! Finance and TradingView.com

[cryptowala]

Bitcoin slumps 10% to trade at $54,333, heaviest weekly loss since FTX collapse, crypto market sell-off at $760 million

Bitcoin slumped over 10 per cent at one point before paring some losses to trade at $54,333 on August 5. The cryptocurrency has shed 13.1 per cent over the past seven days — its worst week since the FTX collapse in 2022.

Bitcoin tumbled over 10 per cent at one point, before bouncing to trade at $54,333 at 9.17 am in Singapore on August 5, Bloomberg reported. The digital currency in fact had its worst week since the FTX collapse shook crypto markets in 2022, losing 13.1 per cent over the past seven days, it added.

Later in the day, near 7 am in London, Bitcoin was trading lower at $53,100; and Ether shed over a fifth of its value before paring some of the slide to change hands at $2,360, as per a Bloomberg update. Most major coins, including meme-token Dogecoin, were deeply in the red.

The world's largest cryptocurrency is under pressure due to risk aversion in global markets, and even smaller tokens such as Ether and meme-themed Dogecoin sank under “heavy losses”, the report said. Early in the day, Ether slid to its weakest since mid-January and was last down 16 per cent at $2,300, Reuters reported.

Crypto Sell-off

As much as $760 million of bullish crypto positions using derivatives were liquidated in the past 24 hours, Coinglass data showed, a sign of leveraged bets coming unstuck, Bloomberg reported. 

Himanshu Maradiya, Founder and Chairman, CIFDAQ said that the selloff in cryptocurrency markets, including Bitcoin, can be attributed to a confluence of economic factors and one of the major repayments.

“This one significant repayment of approximately $8 billion worth of BTC related to the Mt. Gox bankruptcy, caused investor anxiety about increased market supply. Weak US labour data and subsequent recession fears have prompted expectations of deeper rate cuts by the Federal Reserve, causing investors to shift their assets towards safer options. This movement has not only affected high-yielding currencies and equities but also significantly impacted the crypto market,” Maradiya said.

Concerns Over Economic Outlook, AI

According to Bloomberg, growing concerns around the global economic outlook and questions of a possible bubble created by heavy investments into artificial intelligence (AI), have pushed global stock selloffs and impacted the crypto side as well.

Further, markets have displayed “skittishness” given the tense geopolitical situation in the Middle East, and while they await the United States Federal Reserve's (Fed) upcoming policy meet outcome.

Bond traders have amplified bets on US interest-rate cuts beginning in September to support economic expansion. The volatility in stock markets has “increased the likelihood of less restrictive monetary policy coming sooner rather than later — a good thing for crypto,” Sean Farrell, head of digital-asset strategy at Fundstrat Global Advisors LLC told Bloomberg.

Bitcoin's Position

In the US, Bitcoin exchange-traded funds (ETFs) saw their largest outflows in around three months on August 2. Its moving average price also slumped, with Tony Sycamore, market analyst at IG Australia Pty, noting that the technical chart pattern “opens the way for a deeper pullback” toward $54,000.

The token hit a record $73,798 high in March 2024, but has since been pulled back by various factors including uncertainty ahead of the US presidential elections race in November. Notably, Republican candidate Donald Trump has positioned himself as “pro-crypto”, while opponent and Democratic nominee Kamala Harris has yet to outline her policy stance on digital assets, Bloomberg report said.

The cryptocurrency is off nearly 20% from its March 2024 high, as per the Reuters report.

Also hanging over the market are possible sales of Bitcoin seized by governments and the risk of a supply overhang from tokens returned to creditors through bankruptcy proceedings.

Bitcoin is still a lucrative investment. Its year-to-date (YTD) advance has moderated to around 25 per cent, compared with gold's 18 per cent ascent and a 9 per cent climb in global stocks, the Bloomberg report added.

“We anticipate that the current correction phase will pave the way for more stable growth as the macroeconomic landscape stabilises. Our analysis suggests that despite short-term fluctuations, the underlying fundamentals of Bitcoin and the broader crypto ecosystem remain strong, positioning them for resilience and long-term potential,” Maradiya added.

[sahilcidfaq]

Bitcoin slumps 10% to trade at $54,333, heaviest weekly loss since FTX collapse, crypto market sell-off at $760 million

Bitcoin slumped over 10 per cent at one point before paring some losses to trade at $54,333 on August 5. The cryptocurrency has shed 13.1 per cent over the past seven days — its worst week since the FTX collapse in 2022.

Livemint

Bitcoin tumbled over 10 per cent at one point, before bouncing to trade at $54,333 at 9.17 am in Singapore on August 5, Bloomberg reported. The digital currency in fact had its worst week since the FTX collapse shook crypto markets in 2022, losing 13.1 per cent over the past seven days, it added.

Later in the day, near 7 am in London, Bitcoin was trading lower at $53,100; and Ether shed over a fifth of its value before paring some of the slide to change hands at $2,360, as per a Bloomberg update. Most major coins, including meme-token Dogecoin, were deeply in the red.

The world's largest cryptocurrency is under pressure due to risk aversion in global markets, and even smaller tokens such as Ether and meme-themed Dogecoin sank under “heavy losses”, the report said. Early in the day, Ether slid to its weakest since mid-January and was last down 16 per cent at $2,300, Reuters reported.

[classifieds-marketing-news]

Biggest movers before the market opens: Abercrombie & Fitch, Pinterest, Hilton Grand Vacations

Top News in the Stock Market Today Quantum Stocks Plunge After Zuckerberg's Comments Quantum stocks took a hit following remarks from Mark Zuckerberg and Nvidia CEO Jensen Huang, with Rigetti Computing and D-Wave Quantum seeing significant drops. Managed Care Stocks on the Rise Managed care stocks saw gains after the US government proposed a reimbursement rate increase for Medicare Advantage plans, with Humana, UnitedHealth, and CVS Health all rising. Boot Barn Guides Higher Boot retailer Boot Barn's guidance for third-quarter earnings exceeded expectations, leading to a 4% jump in its stock price. Pinterest Slides After Downgrade Pinterest shares dropped after a downgrade from Jefferies, citing underwhelming growth forecasts for the company. Crypto Stocks Decline with Bitcoin Stocks tied to the price of bitcoin fell as the cryptocurrency dipped, affecting companies like Coinbase and MicroStrategy. Lululemon Sees Strong Demand Lululemon reported strong holiday sales, leading to a 3% increase in shares and an upward revision of its sales and earnings guidance. Macy's Issues Lackluster Guidance Macy's shares fell after issuing a disappointing update to its fourth-quarter guidance, with revenue expected to fall below previous estimates. Abercrombie & Fitch Raises Outlook Despite a plunge in premarket trading, Abercrombie & Fitch raised its fourth-quarter sales outlook on strong holiday sales expectations. Howard Hughes Holdings Soar Shares of real estate developer Howard Hughes Holdings jumped 9% after a proposal from Bill Ackman's Pershing Square for a new entity merger. Tech Stocks Tumble as Treasury Yields Rise Megacap tech stocks like Nvidia, Tesla, and Palantir Technologies saw losses as US Treasury yields increased. Moderna Lowers Sales Guidance Biotech firm Moderna saw a 20% drop after lowering its 2025 sales guidance, citing potential headwinds in the coming year. Intra-Cellular Therapies Acquired by Johnson & Johnson Intra-Cellular Therapies' stock surged after an announcement of an acquisition by Johnson & Johnson for $132 per share. Contributing reporting by Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound, and Pia Singh. #Money #Abercrombie #AbercrombieFitchCo #Biggest #BootBarnHoldingsInc #breakingnews #BreakingNewsMarkets #BroadcomInc #Business #businessnews #CoinbaseGlobalInc #CoreScientificInc #CVSHealthCorp #DPCMCapitalInc #economy #Fitch #Grand #Hilton #HumanaInc #IntraCellularTherapiesInc #IONQInc #JohnsonJohnson #LululemonAthleticaInc #MacysInc #MarathonDigitalHoldingsInc #market #MarketInsider #markets #MetaPlatformsInc #MicronTechnologyInc #MicrostrategyInc #ModernaInc #movers #NVIDIACorp #opens #PalantirTechnologiesInc #Pinterest #PinterestInc #QuantumComputingInc #regwallmarketmovers #RigettiComputingInc #Stockmarkets #TeslaInc #UnitedHealthGroupInc #vacations #WD40Co https://tinyurl.com/2anpls3u