BTC Price Plummets $800 in an Hour

Bitcoin (BTC) took an unexpected dive today, plunging $600 in a matter of minutes. The plunge saw 15 of the 20 largest crypto assets by market cap down 5% or more on this time yesterday. Crypto Market 1-Day Price Chart. Source: Coin360 The price drop began around 21:45 UTC when Bitcoin lost $800 in an hour.  More than $100 million worth of long contracts were liquidated on BitMEX alone during the plunge. Joe Vezzani, the founder of crypto social analytics platform LunarCRUSH, tweeted: “Watched the entire thing unfold. Saw a…

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Eurekahedge’s index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space. Coinbase is now a Visa principal member, the first crypto pure-play company to receive the membership. This will help the company to…

Bitcoin Critic Peter Schiff Admits to BTC Profitability

As BTC enters another rally, gold bug and long-time Bitcoin critic Peter Schiff finally admitted that owning the asset can be extremely profitable. Given the returns over the last decade such a conclusion should be obvious. Bitcoiners “Make a Lot of Money” Outspoken cryptocurrency skeptic Peter Schiff “conceded” that Bitcoin has represented a successful investment opportunity for over the past ten years, he said in a recent tweet. His remarks come after holding 0.21 BTC that were donated to him through a crypto community wide campaign last year. “I concede…

Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX

Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets. Crypto market weekly price chart. Source: Coin360 BTC further rejects $10K Data from Coin360 and Cointelegraph Markets showed BTC/USD hitting twelve-day lows of $9,485 on Monday. At press time, the BTC price was struggling to find support at $9,500.  The shift lower followed a four-day slide for Bitcoin, which had topped out at $10,500 before seeing considerable resistance kick in.  Some traders appeared worried, as evidenced by…

Bitcoin Will Surge to $400K — Max Keiser Quadruples BTC Price Forecast

Bitcoin (BTC) is going to hit a giant $400,000, celebrated TV host Max Keiser has said as he raises his price target for the first time since 2012. Speaking on news information show Infowars on Feb. 17, Keiser told host Alex Jones that his old prediction of $100,000 was now too conservative. He told the show: “I am officially raising my target for Bitcoin — and I first made this prediction when it was $1, I said this could go to $100,000 — I’m raising my official target for the…

BTC Correction, Andrew Yang Out, William Shatner Attacks: Hodler’s Digest, Feb. 10–16

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drop nets Bitfinex “whale” $10 million in five minutes Bitcoin’s struggle to maintain $10,000 has been an ongoing theme this week. The world’s biggest cryptocurrency was surging toward $10,500 on Thursday, but faced rejection at this level and dropped suddenly by over $300.…

The CIA’s Decryption Abilities, BTC Beyond $10K and More on the Bad Crypto Podcast

Check out this week’s episode of the Bad Crypto podcast, which cites a bunch of great Cointelegraph reporting to generate an hour-long episode of crypto audio news. This week’s episode covers a wide variety of topics per usual. There’s the ever-developing story of BTC living life above $10,000. And wouldn’t you know it, it turns out the CIA has been far more capable at decryption than you may have previously thought. Binance’s CZ confirms the impending launch of a cloud platform, and there are exciting stablecoin developments taking place in…

CME Bitcoin Futures Just Opened, and It May Catapult BTC Back to $10ks

The CME bitcoin futures market just opened, and it could be the catalyst that leads the recovery of BTC back to the $10,000s. Throughout the weekend, the bitcoin price dropped from $10,500 to as low as $9,650, liquidating a significant amount of long contracts. Why CME open can lead bitcoin recovery On active days, the CME bitcoin futures market settles between $300 million to $500 million in daily volume. In May 2019, for instance, when the bitcoin price was hovering at around $13,000, CME recorded an average volume of $515…

Craig Wright Threatens BTC Core and BCH With Potential Lawsuits

Craig Wright, who claims to be the Bitcoin creator known as Satoshi Nakamoto, has warned the BTC Core (BTC) and BCH communities to stop using the Bitcoin database in order to avoid potential lawsuits. He claims that both networks may also violate the laws under the terms of Bitcoin’s original EULA and MIT License. The man behind Bitcoin SV in the recent personal blog post added that he is going to take back control of the system he created, and is ready to fight for his rights this year. Craig…