As the bitcoin price plunged below the $ 200 mark, hitting a low of $ 170.08,
holders of the cryptocurrency sold the asset in a surge of millions of orders across bitcoin exchanges globally.
Not exact matches
Holders of the
cryptocurrency Ethereum had spent more than $ 2 million on virtual kittens by Sunday night, bought and
sold over a new blockchain - based game called CryptoKitties.
Large
cryptocurrency holders often manipulate the prices
of those currencies via buy and
sell walls.
«Massive»
selling of cryptocurrencies into fiat by mid-April to be expected, as U.S. crypto
holders «likely» owe $ 25 billion in capital gain taxes according to Tom Lee, head
of Fundstrat Global Advisors.
It is obvious that most
of the
cryptocurrency holders are
selling them off for the fear
of losing everything, but once the whole market bounces back, it will be full
of regret especially to those who gave up on it.
Athena machines offer both the buying and
selling of cryptocurrency, which means American BCH
holders have gained not only a new convenient method to increase their stockpile
of the
cryptocurrency but also the ability to easily exchange it for fiat in case they need to pay in shops that don't accept credit or crypto.
Similarly, when there is negative news about Bitcoin, like the Chinese shutting down
cryptocurrency exchanges, some
of the
holders of Bitcoin will
sell and its price can crash rapidly.