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Bitcoin Whales Feast As BTC Price And The Wider Market Melt down

By CDM Staff

May 19, 2021

1 Comment

Bitcoin Whales Feast As BTC Price And The Wider Market Melt down — *Image by Helperdz*

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Panic selling crushes the entire crypto market, sending Bitcoin's price to $30,000 for the first time since February, but data shows BTC whales bought the dip.

Data from Cointelegraph Markets and TradingView shows that the initial price dump that pushed BTC below the $43,000 support level on May 18 accelerated into the overnight trading session as $110 billion worth of trading volume fueled the wick down to $30,000.

The market downturn sparked outages and other delays across a few of the top cryptocurrency exchanges, and the prices of the vast majority of altcoins cratered alongside the price of Bitcoin, with Ether (ETH) briefly plunging to $1,900 and Dogecoin (DOGE) bottoming out at $0.236...

To read more visit CoinTelegraph.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."

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Daniel

2 years ago

It's hard enough to make a dollar as it is. Why would you invest in crypto anything? Crypto means is worth air and that's it. Anything else is pure stupidity. You're trading in air, and if you clean up, you get more air.

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