CD Media

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

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

Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV

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.

CDMedia is being targeted and obviously too effective! We need your support to put more reporters in the field! Help us here!

Related posts

Markets Bounce Short Of All-Time Highs, Look For Direction, Could Go Either Way

CD Media Staff

Jobless Data Reflects Strong Labor Market, Stocks Up On Yuan Peg

CD Media Staff

“It Would Be An Earthquake” – Three Chinese Banks Tumble After US Threatens To Cut Them Off From SWIFT

CD Media Staff

1 comment

Daniel May 20, 2021 at 3:13 pm

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.


Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!