Crypto Market’s Top Gainers Last Week – Price Analysis by AMBCrypto
Bitcoin [BTC] price dump incoming: King coin could bottom near $2,100; negative 45% free-fall anticipated
Daily Crypto News Summary -13th March – Ripple dives into the gaming industry, Abra supports ETH and more
Crypto News – 12th March – HitBTC gets legal notice, Monero’s hashrate falls and more
In an exclusive interview with AMBCrypto, Mati Greenspan, the Senior Market Analyst at eToro answered a few questions on the Bitmain crisis, Bitcoin price and the bear market.
According to the market expert, digital assets are high-risk investments, wherein neither the BTC bottom nor a bull market can be precisely speculated at present. Furthermore, he stated that a lot of market progress is often based on the future adoption of digital assets.
Regarding the Bitcoin crash that occurred during the Bitcoin Cash [BCH] hash war, Greenspan explained that the hard fork could merely be a side story in the crypto-chaos. He added:
“I do believe that […] the real reason for the decline was a technical breakout. The fact that it went below $6,000, which is a very strong psychological barrier was broken, something that created a lot of fear, and on top of that you had the Bitcoin Cash hard fork and there were also several other stories at the time which were interpreted as bad news that certainly caused negative sentiment in the market.”
When asked if BTC has already hit market bottom, he stated that crypto-assets are high-risk investments and it is indeed possible that the market may go down further.
He also mentioned that the $3,000 BTC support level is being heavily tested, which if broken could certainly lead to lower support levels that can be pointed out. Moreover, Greenspan shared that many analysts have called out support level figures as low as $2,000 and $1,500.
Subscribe to AMBCrypto’s Newsletter
XRP/USD Price Analysis: Bear crunch continues as coin’s immediate support falls again
World Wire is based on standards developed by SWIFT, says IBM’s Head of Blockchain Solutions
Ripple partner SBI Holdings announces foray into mining space; will compete with giants Nvidia and Bitmain
Tron-based USDT: Huobi Global, OKEx and Gate.io announce support for new TRC-20-based Tether
Ethereum [ETH/USD] Price Analysis: Coin bids adieu to bull market as bears take over
Flash hike: Qtum skyrockets by over 36% in 1-hour after Apple Pay & Samsung Pay announcement
Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits
Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino
Bitcoin Cash [BCH] Price Analysis: Bears return as market correction precipitates decline
Bitcoin [BTC]: Dubai gets its first ATM; users can acquire BTC using any fiat currency
CFTC Commissioner: Regulated cryptocurrency market could attract institutional investors
Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner
Binance is going country-hunting in search of their ‘regulatory paradise,’ says report