Bitcoin erases 38% of its growth in 2020

27 February, 2020

The first cryptocurrency falls on the third day, losses amounted to almost 9% per week. On Wednesday, a wave of sales covered other cryptocurrencies, including Bitcoin Cash, Dash, EOS and Ether, each of which fell by more than 10%. The Bloomberg Galaxy Crypto Index has lost nearly 10%, the biggest drop since September.

Arguments that the best-known digital token serves as a refuge during market shocks subsided this week as bitcoin fell amid intense interest in stock market sales. The negative sentiment was added by the comments of the famous investor Warren Buffett, who said this week that cryptocurrencies "basically have no value."

We remind you that cryptocurrency trading is available on certain types of accounts at Fibo Group. Use the current rally and earn both growth and fall of crypto.


Source   Presented by FIBO Group
Struck in sideway or breaking down-trend?20 May, 2020  

Bitcoin has been forming a sideways price trend of around $9,700 over the last three days. This can be considered bad news for the first cryptocurrency, as for the...

Bitcoin: fighting to break the global downtrend19 May, 2020  

Bitcoin starts the week on a positive note, adding 3% in the last 24 hours and changes hands for $9,800. At the moment, the most crucial struggle for the first...

Bitcoin needs to break $10000 mark18 May, 2020  

Bitcoin's latest run towards the $10,000 mark will be watched closely by the market to see it it is finally able to break this key resistance level, something...


Bitcoin defies gravity14 May, 2020  

Bitcoin defies gravity, adding 7% in the last 24 hours to $9,500 at 09:00 GMT. Along with the price, the trading volume increased by 12%, which...

Bitcoin lost its driver13 May, 2020  

Bitcoin adds 2% in the last 24 hours to $8,900. Bulls tend to cling to $9,000, but the current growth comes with a 28% decline in trading volumes over the past 24 hours...

Bitcoin halving: what to expect? Will it drop the price?11 May, 2020  

On May 12th, mining the original cryptocurrency - bitcoin - will become twice less profitable. The previous two instances of halving led to a high volatility...


Halving: Huge prediction for Bitcoin7 May, 2020  

Bitcoin has continued on its mega rally in today's trading session, comfortably passing through the $9000 mark which continues the remarkable recovery of the worlds favourite...

Bitcoin & co., what are they ultimately for?1 May, 2020  

I am often asked if I have a favourable or unfavourable opinion regarding the world of cryptocurrencies. I answer them with a question: Do you know what Bitcoin is for?...

Bitcoin grows, knocking down obstacles one by one1 May, 2020  

Coronavirus has receded a little, clearing the room for other news events, among which is halving in the Bitcoin network. There are only 12 days left until...