Bitcoin Price Outlook: The reason why BTC/USD dropped $500 in less than one minute Bitcoin has now basically transformed the previous $10k resistance level into $12k. The first flash crash happened on August 2 with Bitcoin peaking at $12,123 and dropping to $10,518 in minutes. The initial cause of this dump was a large trader placing several big orders on Binance’s quarterly futures contract causing the price of Bitcoin to reach almost $100,000 before quickly dropping back. At the same time, this caused a massive bot-selling fest that drove the price of Bitcoin towards $10,000. Ethereum Technical Analysis: ETH/USD still fiddling with $400 Ethereum is now facing a lot of resistance at $400, this level is now similar to the $250 resistance area that ETH used to face in June. We could easily see Ethereum trade sideways for the next few weeks before a clear breakout, however, considering the bullish momentum of the market, ETH is more likely to climb above $400 sooner than later. Ripple Price Prediction: XRP/USD is having a tough time staying above $0.30 as selling pressure keeps mounting Since the initial pullback on August 7, XRP has struggled heavily to go back above $0.30. Just hours ago, XRP bulls finally managed to push the digital asset above $0.30 just before another crash towards $0.285. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD Price Analysis: Oil strength helps USD/CAD reject 1.34 at the beginning of the week FX Street 2 years Bitcoin Price Outlook: The reason why BTC/USD dropped $500 in less than one minute Bitcoin has now basically transformed the previous $10k resistance level into $12k. The first flash crash happened on August 2 with Bitcoin peaking at $12,123 and dropping to $10,518 in minutes. The initial cause of this dump was a large trader placing several big orders on Binance’s quarterly futures contract causing the price of Bitcoin to reach almost $100,000 before quickly dropping back. At the same time, this caused a massive bot-selling fest that drove the price of Bitcoin towards $10,000. Ethereum Technical Analysis: ETH/USD still fiddling… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
