{"id":427245,"date":"2020-06-13T04:00:08","date_gmt":"2020-06-13T04:00:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=427245"},"modified":"2020-06-12T22:51:34","modified_gmt":"2020-06-12T22:51:34","slug":"crypto-tidbits-bitcoin-10k-ethereum-coins-coinbase-add-18-altcoins","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-tidbits-bitcoin-10k-ethereum-coins-coinbase-add-18-altcoins\/","title":{"rendered":"Crypto Tidbits: Bitcoin Fails at $10k, Ethereum Coins Explode, Coinbase Looks to Add 18 Altcoins"},"content":{"rendered":"

Another week, another round of Crypto Tidbits<\/a>.<\/p>\n

It’s been yet another volatile week for the Bitcoin market, just like the last. This week, the leading cryptocurrency made an attempt at breaking the crucial $10,000 resistance yet again, rallying as high as $10,050 on some exchanges and $10,160 on BitMEX.<\/p>\n

Many were quick to think that this move was going to be it \u2014 that this was going to be the breakout that sends BTC into yet another full-blown market. But they were wrong.<\/p>\n

Due to what seemed to be downward pressure in all asset markets, Bitcoin was strongly rejected at $10,000, plunging as low as $9,050 just 24 hours later. The drop lower liquidated approximately $80 million worth of long and short positions on BitMEX, according to data shared by crypto derivatives site Skew.com<\/a>.<\/p>\n

\"Bitcoin
Bitcoin price chart from TradingView.com<\/a><\/figcaption><\/figure>\n

The cryptocurrency ends the week down approximately 2%, a performance that is better than that of most top 10 altcoins.<\/p>\n

As aforementioned, Bitcoin’s latest bout of weakness coincides with weakness in other markets.<\/p>\n

During Thursday’s trading session, top U.S. equity indices, the S&P 500 and the Dow Jones, crashed by approximately 6%. This was the worst performance of these indices since March and April.<\/p>\n

The weakness in the stock market comes on fears of a resurgence in the pandemic along with projections from the Federal Reserve and other economic and monetary bodies of a harrowing economic drawdown.<\/p>\n

Related Reading: Crypto Tidbits: $200M of Bitcoin Liquidated, Ethereum DeFi Adoption Limited, Bloomberg Is Bullish<\/a><\/h6>\n

Bitcoin & Crypto Tidbits<\/strong><\/h2>\n