Oct 14, · The most recent one is bitcoin market crash which happened after 10 years from its previous economic crash. That is important, barring very minor corrections, the stock market has been hitting new uptrend records for the last 10 years. Dec 01, · Bitcoin's price crashed today after hitting its all-time high. Analysts tell Decrypt that it traders getting cold feet. Still, they say the best is yet to come. Bitcoin’s (BTC) price has cratered but that’s nothing compared to the broader market havoc. From the coronavirus scare to an oil price war, a confluence of factors is aligning to make it a.
Bitcoin market crash todayBitcoin May Crash With the Stock Market as Economic Crisis Looms: Analyst
We can see the day MA, which was once the strong support level for the last downtrend, is a support level again and the bitcoin price is in a consolidation mode for a few days.
But it is quite weak and the second dip is a high probability. Source: Binance. Sushi Price Analysis. It was apparent that the bull crypto market is driven by the overlap between internal and external factors; the economic stimulus plan which provided more money supply to the market and DeFi craze, especially the decentralized exchanges DEX like UniSwap and SushiSwap.
The Ethereum and Bitcoin prices are pulled up by the DeFi craze. On Sept. What's behind the UniSwap's huge trading volume is the contribution of SushiSwap. The price of Sushi token reached The Sushi token crash pulled down the bitcoin price and the whole crypto market. It was no doubt Sushi price will affect the overall crypto market trend again. As many speculations, manipulations and news on SushiSwap, its future is unsure. FTX was an exchange backed by Binance.
The Sushi token incentive model is also controversial. The Uniswap's founder, Hayden Adams said , the Sushi project can be created within one day by any competent developer. In addition, the war between centralized and decentralized exchanges, and the war among different decentralized exchanges and their forks, make things much complex.
It is no doubt the future of DEXs is promising. Exchange is the key to exchange values and trade. These DEXs removed the trust and reliance on " trusted third parties ", which further transformed our trust into blockchain-based trust machines. But these uncertainties may have a strong negative impact on Sushi token price, which in turn would affect the crypto market. Many mainstream investors, asset firms, and corporations have been accumulating Bitcoin to protect their portfolio from the potential aftermath of record-low interest rates and unprecedented levels of monetary and fiscal stimulus.
Yashu Gola 13 hours ago.