The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Bitcoin Price Suffers 7% Dip in 5 Minutes, Rebounds but Falls Again, BTC at $58K Now

by Miki 10/27/2021
by Miki 10/27/2021 0 comment

The Bitcoin price dip took almost half of the crypto market along the ride as several of the top ten cryptocurrencies also recorded daily losses of over 15%.

Bitcoin price suffered a 7% dip in five minutes, falling to $58,000 on the latter stages of October 26, signaling two-weeks lows. Bitcoin price in the early stages of October 27, however, rebounded, gaining a 1.4% rise, pushing its price to $61,400 before dropping again to $58,000 after sellers failed to break the support level near $59,800.

According to data from Cointelegraph Markets Pro and TradingView, Bitcoin’s $58,000 in the latter stages of October 27, was its lowest since October 15. Bitcoin at press time was trading at $59,018 and looks to regain poise as it is ready to retest the $60K mark after taking liquidity in a large support wall with $57,000 as its base.

Analysts, however, have predicted a deeper drop to as low as $50,000 should the price fails to break the next resistance which is seen at $63,700. Data also showed over $500 million being liquidated in an hour across the cryptocurrency scenes after Bitcoin’s dip as sellers failed to break the support level near $59,800 and confirm a head-and-shoulders (H&S) breakdown on the 4-hour chart. A break above the next resistance level could however propel the digital coin to record-breaking heights. 

Charles Edwards, CEO of investment firm Capriole, attributed the latest Bitcoin price dip to leveraged traders for sparking the volatility. “Basically Bitcoin looks incredible here on most metrics, but leverage traders have gone out of control,” he stated. “We won’t get sustainable price rises until that changes,” he added.

Just like most times, the Bitcoin price dip took almost half of the crypto market along the ride as several of the top ten cryptocurrencies by market cap also recorded daily losses of over 15%. Ether (ETH) led the altcoins ‘red’ as it fell below its $4,000 support line, trading at $3,900 in the latter stages of October October 26. Dogecoin (DOGE) and Solana (SOL) also suffered considerable losses. 

Shiba Inu (SHIB), was amongst the few coins that saw greens as it went up 23% on the day despite the market turnaround and continues its impressive form this month. 

Robinhood’s stock dropped 10% in premarket trading after the trading platform missed revenue projections due to a drop in cryptocurrency revenue from a record high in the second quarter. According to Coindesk, Robinhood’s crypto revenues plummeted to $51 million in the third quarter, down from a record $233 million in the second quarter.

Robinhood added that lesser crypto trading activity resulted in significantly fewer new accounts and lower revenue.

next Altcoin News, , Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Subscribe to our telegram channel. Join

Source link

Views: 0
58kBitcoinBTCdipFallsMinutespriceReboundsSuffers
Share
0
FacebookTwitterPinterestEmail
previous post
Chainlink: Traders can long within this ‘ideal’ support zone
next post
Video Game Retail Giant Gamestop Seeks a Senior Engineer for Blockchain NFT Platform – Blockchain Bitcoin News

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Dogecoin Attempts To Rebound After Strong Sell-Off

  • How XRP can progress within its rising wedge

  • Coinbase NFT: Analyst claims this could hurt ‘wildfire NFT adoption’

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$28,911.001.40%
  • ethereumEthereum(ETH)$1,776.942.13%
  • tetherTether(USDT)$1.00-0.05%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • binancecoinBNB(BNB)$305.992.26%
  • rippleXRP(XRP)$0.3845050.08%
  • Binance USDBinance USD(BUSD)$1.000.04%
  • cardanoCardano(ADA)$0.4606331.30%
  • SolanaSolana(SOL)$42.833.61%
  • dogecoinDogecoin(DOGE)$0.0821891.56%
  • polkadotPolkadot(DOT)$9.390.54%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,938.001.68%
  • tronTRON(TRX)$0.0819912.90%
  • Lido Staked EtherLido Staked Ether(STETH)$1,737.642.42%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • AvalancheAvalanche(AVAX)$24.339.80%
  • daiDai(DAI)$1.000.09%
  • Shiba InuShiba Inu(SHIB)$0.0000113.07%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • leo-tokenLEO Token(LEO)$5.043.23%
  • LADZLADZ(LADZ)$0.0686894.36%
  • TerraTerra(LUNA)$6.86-52.07%
  • litecoinLitecoin(LTC)$62.971.90%
  • CronosCronos(CRO)$0.1704151.90%
  • HederaHedera(HBAR)$0.389473-3.44%
  • matic-networkPolygon(MATIC)$0.581.25%
  • FTX TokenFTX Token(FTT)$26.890.92%
  • RareRare(RARE)$0.0461220.00%
  • NEAR ProtocolNEAR Protocol(NEAR)$4.952.75%
  • bitcoin-cashBitcoin Cash(BCH)$177.702.55%