Bitcoin Drops Below $18,300 as Sell-Off Accelerates — How We Got Here
As bitcoin prices tanked this week, investors worried the company would be asked to put up more collateral for its loan, but Saylor said the fears were overblown.."It's just made me Twitter famous, so I appreciate that...We feel like we have a fortress balance sheet, we're comfortable, and the margin loan is well managed.
Crypto prices initially rallied on the news as investors hoped we could avoid a recession, but that rally was short-lived.We were back in the red on Thursday. Bitcoin fell to around $20,000, to prices it hadn't seen since the end of 2020. It appears that investors can't shake the fears of recession, and some say it could take time for cryptocurrencies to recover from the sell-off in riskier assets.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC Shareholders Vote Against CEO Adam Aron’s $18.9M Pay PackageIt's a symbolic move, with no financial ramifications, but is a signal that some investors aren't satisfied with the current compensation structure.
Read more »
These Two Indicators Continue to Point to Bitcoin Being Bearish in Short TermBitcoin still showing signs of bearishness in the short term per these two indicators 3BTC Cryptocrash Cryptocurrencies
Read more »
Bitcoin drops below $20,000 as crypto market tumult continuesThe biggest cryptocurrency has fallen more than 70% from its all-time high in November.
Read more »
Bitcoin price falls below $20K for first time since 2020, Ethereum dips under $1KBitcoin just dropped below its previous cycle high for the first time ever.
Read more »
Bitcoin Plunges Below $20K for First Time Since December 2020; Ether Drops Below $1KThe continuing plunge in traditional financial markets and panic about crypto lending platforms sent Bitcoin into the teens for the first time in more than 18 months.
Read more »
Bitcoin's Sinking Price Pushes Hashrate Below 200 Exahash, Mining Difficulty Expected to Slide 2.8% Lower – Mining Bitcoin NewsWhile bitcoin’s price dropped below the $20K region, the network’s hashrate slipped under the 200 exahash per second (EH/s) region.
Read more »