Tag Archives: Bear

What Makes Binance the Most Profitable Crypto Exchange in a Bear Market

What Makes Binance the Most Profitable Crypto Exchange in a Bear Market

Binance, the world’s leading cryptocurrency exchange by volume, is also doing great in terms of profitability, its chief financial officer told CNBC. The statement follows one of the most extended bear phases in the cryptocurrency market, during which the industry lost almost one-third of its valuation. The depressive trend prompted many small and medium-size crypto companies to shut down their operations. At the same time, big firms like Bitmain and ShapeShift resorted to layoffs to compensate their losses. But Binance walked in a different direction, according to CFO […]

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Crypto Bear Market is Prime Entry Point For Tech Giants

Crypto Bear Market is Prime Entry Point For Tech Giants

The yearlong plunge in cryptocurrency markets has resulted in downsizing for many tech startups but for the big players it could provide the perfect entry point. Big Players Looking Towards Blockchain Many blockchain projects have faced the squeeze in recent months and been forced to let staff go and downsize operations. The NEM Foundation has been the latest in the growing list of those battered by the bears as it faces a complete restructuring. This could be good news for bigger players looking to scoop up tech […]

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As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

After experiencing increased levels of volatility last week, Bitcoin (BTC) endured the weekend without any major price moves and has so far experienced a relatively involatile Monday. Recently, Bitcoin entered its longest-ever bear market, and investors and analysts alike are keen on speculating on when it will finally reach a price point with enough buying pressure to reverse its current trend. According to one prominent cryptocurrency analyst, Bitcoin is now nearing its seventh major triangle formation since its crash first began in late-2017, which means it could […]

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Bitcoin Decline in February Will Mark Its Longest Bear Market

Bitcoin Decline in February Will Mark Its Longest Bear Market

Bitcoin has come closer to establishing its longest-running bear market, alarmed Alex Kruger. The famous cryptocurrency trading analyst said Monday that it was the first time bitcoin had entered a long period of selling sentiment in its 10-year history. In December 2017, the value of bitcoin per piece was close to $20,000. As of January 31, 2018, it was close to $3,450. That marks a circa 82% drop in 13-months. Bitcoin has never before traded more than six months in the same direction. A down February would […]

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Crypto Trader Adamant That Bitcoin Bear Market “Cannot Last Forever”

Crypto Trader Adamant That Bitcoin Bear Market "Cannot Last Forever"

Since Bitcoin (BTC) began to stumble in early-2018, posting losses that would even make gamblers cringe, many skeptics of digital assets have claimed that the cryptocurrency is on a path of failure. In fact, cries that Bitcoin is in the midst of its death throes even sparked a scathing op-ed ‘exposé’ from MarketWatch, in which the author stated that Satoshi Nakamoto’s creation would enter a so-called “death spiral” to fall to $0. While Andreas Antonopoulos, along with some of the crypto sector’s other fervent crusaders, debunked this so-called […]

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Bear Market in Full Force

Bear Market in Full Force

After miners, it is crypto exchanges that stand before the wrath of a bearish cryptocurrency market. Liqui, a small but a long-running crypto trading company, announced today that it would close down its operations. In a straightforward goodbye note, the Ukrainian exchange said that it was unable to provide liquidity to its customers. Therefore, it had no economic reason to continue its services. “We also do not see any economic point in providing you with our services,” the note read. “However, we do not want to return […]

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