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Bitcoin News Roundup for March 13, 2020
13.3.2020
What the heck just happened? We make sense of last night on CoinDesk's Markets Daily Podcast
Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom
13.3.2020
Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst...
Bitcoin Bottomed in ‘Final Capitulation’ but $5K Dip Likely: Tone Vays
13.3.2020
Bitcoin may have bottomed but markets haven’t had “enough pain” yet, Tone Vays argues
Coinbase Moves to Cut Blockchain Load With Bitcoin Batching
13.3.2020
The San Francisco-based cryptocurrency exchange has started grouping multiple bitcoin transactions together to benefit both users and the blockchain
Bitcoin Insurance Funds Take a Beating as Markets Rout
13.3.2020
Binance’s insurance fund more than halved overnight, as did that of Bitcoin derivatives exchange Deribit
2 Months Ago, Andreas Antonopoulos Explained Why Bitcoin Would Crash
13.3.2020
Bitcoin is bound to see a massive sell-off if the danger of recession looms, Andreas Antonopoulos correctly warned in January
Bitcoin Recovers 40% From 12-Month Low Below $3.9K
13.3.2020
A sharp bounce early on Friday comes alongside positive action in global equities
Disney World Economics: How Coronavirus Could Be Used to Justify a Global Financial Reset
13.3.2020
‘What in the world is going on’ has now become a question of real pertinence, instead of just a cliché for common bewilderment. As COVID-19 panic grips the world, ripple effects are crashing markets and effectively canceling economies across the globe, scrawling the writing on...
Investors Can Hedge Long-Term Risk With New 2-Year Bitcoin Derivatives
13.3.2020
Quedex's new bitcoin derivatives contracts, which expire in December 2021, saw more than $5 million in volume last weekend
BitMEX Denies it Made Bitcoin Price Drop to $3.7K After Going Offline
13.3.2020
BitMEX silences critics after allegations that it deliberately failed to step in as the Bitcoin market crashed
Bitcoin Price Drops to $3,637, Rebounds Above $5,200 Within Minutes
13.3.2020
Bitcoin price dropped to a near 2-year low below $4,000 but quickly recovered to $5,200
Darknet Markets Keep Shipping as Shoppers Shun the Streets
13.3.2020
These are strange times for crypto. While it’s blood in the markets, it’s business as usual on the darknet, where marketplaces are seeing a steady inflow of cryptocurrency. They’re also seeing an inflow of new users as the repercussions of the coronavirus pandemic make online...
Crypto Market Meltdown Continues as Bitcoin Price Drops Below $5,000
13.3.2020
Today’s historic 50% correction shows that volatility within traditional markets continues to negatively influence Bitcoin’s price
Bitcoin Falls Below $5K as Market Pain Deepens
13.3.2020
Bitcoin fell below $5,000, but some investors maintain hopes for their long-term prospects
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout
13.3.2020
Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal...
In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets
12.3.2020
The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis
US Fed Unveils $1.5T Rescue Injection But Will Bitcoin Price Rebound?
12.3.2020
Bitcoin price dropped to $5,500 as the bears tighten their grip on traditional markets and further downside is likely
Cash Is the New Safe Haven as Crypto, Gold Continue to Tank
12.3.2020
It turns out cold, hard cash with a helping of government bonds - not bitcoin or gold - is where people turn to in the face of a pandemic and "apocalyptic" market turmoil
6 Good Reasons for Bitcoin HODLers to Stay Calm
12.3.2020
From today’s buy order activity to bitcoin’s historic ability to bounce back after being pronounced dead, a few calming notes in a day of chaos
Crypto Exchanges Overwhelmed on Bitcoin’s Most Volatile Day of the Year
12.3.2020
Binance chief Changpeng Zhao referred to it as “Bloodbath day,” and many in the cryptosphere will echo those sentiments, as fallout from the COVID-19 pandemic reverberates through global markets. As crypto exchanges were thronged by frantic traders looking to capitalize on –...