Get an overview of live crypto news. Today, shortly before 22:00 UTC, Bitcoin had lost almost $1,000 of its value in a matter of 50 minutes. The primary cryptocurrency had flash-crashed to a current low of $9264 on BitMEX, before partly recovering to where it is trading as of writing this (around $9600).
This image of the main stage at the CryptoCompare Digital Asset Summit in London tells a thousand words. As mass events and gatherings are canceled around the world, the CCDA Summit may well be the last major event of the industry this year.
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Get the latest cryptocurrency market news. According to a new report by LongHash, investors over-extending themselves on high-risk leverage led to the cryptocurrency market crash on Mar. 12, during which bitcoin prices fell to $4,000.
Read unique cryptocurrency news stories on Uzidata. While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty. March 12, the day that Bitcoin lost 37% of its value, there was a significant increase in Bitcoin trading volume, with Bitfinex’s volume exploding almost 1,000%.
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March 12th is a day that will live in infamy for the crypto markets, with investors watching Bitcoin lead the entire market in an unprecedented downwards movement that led some altcoins to decline as much as 50 percent or more in a matter of mere hours.
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According to a new report released by Premium Market Insights (PMI), global investment in blockchain technology in energy markets is set to reach $34.7 billion by 2025. Valued at just $156.5 million in 2016, the sector is forecast to grow at a rate of 82% a year.
Uzidata is a vision to create an ecosystem by delivering an information and analytics platform to the blockchain & Cryptocurrencies Live community.
