Coinbase Crashes As Bitcoin, Ethereum Join FANG Stocks Meltdown
Whether it is just a curious coincidence or not, cryptocurrencies are crashing along with FANG stocks this morning...
Earlier statements about the Ethereum network running slow due to extremely heavy activity appear to have taken their toll on one major exchange...
And Bitcoin is tracking FANG stocks lower (down around 13% this morning)... This is the biggest drop since January 2015
And Ethereum is down over 15%...after tagging $400 earlier last night.
Some context however shows this 15% plunge merely drops Ether to 2-day lows...
Source : ZeroHedge
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I suspect the Asian markets will be buying the dips later today!
Bitcoin has been rising faster than the upper Bollinger band, so a consolidation is to be expected. It is still above it's 34-day moving average. If a new top forms below the upper band, then it will be time to move to the sidelines to await a buy signal.
I'm glad to see someone else understands the charts ;p
its just a normal market crash, this is what happens when everything goes..like dominoes
Bancor ICO, largest ICO in history, this morning brought the network to its knees
Does this have anything to do with this article?
https://uk.finance.yahoo.com/news/now-bitcoin-crashing-along-drop-175800395.html
Weird, but I don't believe in coincidence ;) Thanks for the post.
Este movimento no gráfico e natural esta corrigindo a grande alta que teve.
To me it almost seems that Coinbase does this intentionally. Such a huge company should be able to keep their website running even during activity surges, or at least prepare for these things in the future. But Coinbase crashes always (with 100% certainty) when any price dip occurs. It's like they're intentionally letting Coinbase crash so that people can't buy at low prices (which would be a loss for the exchange).
But this is just a conspiracy theory, they probably just have a fucked up infrastructure.
When will people ever learn to stop using Coinbase? It's so unreliable whenever there's a bitcoin rally or crash.