Market Liquidations Cause Cascade in Bitcoin Price
The price of bitcoin dropped sharply over the past 24 hours as a confluence of events has led to traders hitting the sell button.
The trustee of the now-defunct bitcoin exchange intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash as part of a draft rehabilitation plan.
Gold is up Monday and so are most cryptocurrencies, seemingly buoyed by the U.S. Federal Reserve's drastic action to thwart the coronavirus’ effects on markets and the economy.
Crypto prices climbed with traditional market indexes Monday as traders wondered if bitcoin will remain a follower or break out and blaze its own path.
The world's largest stablecoin by market value is now live on the Bitcoin Cash network via the Simple Ledger Protocol.
Prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between exchanges to easily capture profit.