Tag Archives: Price

Bitcoin Price Plunges $500 Within Minutes to 5-Month Low Below $7,500

The bitcoin price has plunged by nearly 10% on Wednesday to fall near a 5-month low. After flirting with a move to the upside above $8,000, the leading cryptocurrency dropped sharply below to just under $7,500. Other major-cap cryptocurrencies also followed Bitcoin’s spiraling crash by falling between 4% and 9% in value. The most adversely affected were the Bitcoin variants – BCH and BSV. Continue reading Bitcoin Price Plunges $500 Within Minutes to 5-Month Low Below $7,500

If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast

Bitcoin’s status as an uncorrelated asset is about to be revoked, as a scarily close relationship to the price of avocados implies that the digital currency may be about to fall off a cliff. Bitcoin’s performance of late has left a little to be desired, and strangely so has the price of avocados. This relationship was pointed out in a profoundly insightful tweet by Bloomberg’s financial Journalist, Tracy Alloway. A graph depicting the price of Hass avocados and bitcoin shows an eerily similar pattern. Continue reading If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast