Investors See Crypto Crash as Opportunity: Grayscale
The recent sell-off starting in May initially turned into a massive crypto crash. Bitcoin is currently 50% down from its all-time high while altcoins are pretty much the same. So far, the market has shown little attempt for a recovery and remains overall bearish. However, Michael Sonnenshein, the CEO of investing giant Grayscale states that […]
What is Causing the Crypto Crash?
What goes up, must come down. In this case, a crypto crash is actually a healthy event despite annihilating our investments. The plunge that initially started on May 5th has been bleeding the market as Bitcoin is currently trading below $31,000. In the meantime, the US stock market is not doing so hot either. In […]
Over $1 Billion Liquidated in Crypto Market Crash
And we lived to see another market crash. Bitcoin is down 17.5% in only one week and the bottom is still unclear. According to Crypto futures trading information platform Coinglass, about $1,142,000,000 was liquidated in less than 24 hours. Bitcoin is currently, hovering between $35,000 to $36,000 following a brutal bear run. In the meantime, […]