Bitcoin Drops to Lowest in Month as El Salvador Rollout Falters

Bloomberg2021-09-08

El Salvador president tweets that he is buying the dip Selloff comes after almost 75% rally since late July Bitcoin plunged as much as 17% to its lowest level in a month as El Salvador’s crypto ...

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精彩评论

hellodarz888
2021-09-08
hellodarz888
Just dca for long term
DesmondChin
2021-09-08
DesmondChin
Minor dip, still well above 25k
SSVC
2021-09-08
SSVC
Drop some more.. Appreciate your response and comments Thanks
JS64
2021-09-08
JS64
Gg
jkjie90
2021-09-08
jkjie90
Drop more
- MOON88:
  Why dRop?
- JS64:
  Lol
yonglh
2021-09-08
yonglh
Like pls
- Weijielim:
  ok

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Other coins that had enjoyed even bigger price rallies were faring worse: Cardano lost about 15% Tuesday, while Dogecoin, the often-derided joke cryptocurrency, dropped 18%, according to CoinMarketCap.com.\nTraders also flagged the poor seasonality as cause of concern. In the past decade, September is the only month when Bitcoin has failed to deliver positive returns. The token fell during the calendar month in six of the previous 10 years, losing more than 6% on average, data compiled by Bloomberg show.\n“It’s a bit of the speculative excesses being wrung out of the system,” Bloomberg Intelligence’s Mike McGlone said on Bloomberg’s “QuickTake Stock” streaming program.\nSeptember tends to be rough for Bitcoin\nEther, the second-largest digital asset, also posted a drop, going from $3,900 to roughly $3,000 in a matter of minutes before paring its loss to about 13%.\nShares of companies linked to cryptocurrencies also tumbled. Riot Blockchain Inc. slumped 5.9%, while Marathon Digital sank 8.4%. Coinbase Global Inc., the provider of an online trading platform for such digital currencies fell 3.3% and MicroStrategy Inc. declined 8.2%.\nCredit: Bybt\nStill, Bitcoin found support and bounced off its average price over the last 50 days. It recouped some of its losses to trade above its 200-day moving average, which is around $46,000.\n“We’ve often seen in the past where many traders take profits at psychological levels including $40,000 and $50,000,” said Valkyrie Investments CEO Leah Wald. “The market tends to sell off as a result of limit orders placed just above these key price levels, or as a result of stop losses placed after surpassing them because people want to lock in profits should the market retrace.”\nMany analysts were stumped by Bitcoin’s moves -- the coin is notorious for its volatility but the speed with which it plunged and recouped some of the losses took many by surprise. As of 4:089 p.m. in New York, it traded around $46,781, an 9.9% drop.\n“It didn’t surprise me that Bitcoin didn’t rally on the El Salvador news, but this pullback is weird, especially since it came mid-morning and not shortly after the news broke,” said Matt Maley, chief market strategist for Miller Tabak + Co. “If it was a ‘fat finger’ at a hedge fund or brokerage firm, it won’t be a problem. If it is something else, I’ll become a lot more worried.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":880266780,"gmtCreate":1631060499140,"gmtModify":1631883982033,"author":{"id":"3583033675115574","authorId":"3583033675115574","name":"hellodarz888","avatar":"https://static.tigerbbs.com/4e5f7fa39ea3c821aa8099f517287dcb","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3583033675115574","idStr":"3583033675115574"},"htmlText":"Just dca for long term","listText":"Just dca for long term","text":"Just dca for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880266780","repostId":1135009497,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880261685,"gmtCreate":1631060344047,"gmtModify":1631885820424,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3578983795474363","idStr":"3578983795474363"},"htmlText":"Minor dip, still well above 25k","listText":"Minor dip, still well above 25k","text":"Minor dip, still well above 25k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880261685","repostId":1135009497,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880269197,"gmtCreate":1631060257019,"gmtModify":1632884924968,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3574906731000207","idStr":"3574906731000207"},"htmlText":"Drop some more.. Appreciate your response and comments Thanks&nbsp;","listText":"Drop some more.. Appreciate your response and comments Thanks&nbsp;","text":"Drop some more.. Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880269197","repostId":1135009497,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880207596,"gmtCreate":1631058622515,"gmtModify":1631889891836,"author":{"id":"3582972798563668","authorId":"3582972798563668","name":"JS64","avatar":"https://static.tigerbbs.com/ad519f92a203874c41d7d11080b13d18","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582972798563668","idStr":"3582972798563668"},"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880207596","repostId":1135009497,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880208809,"gmtCreate":1631058391601,"gmtModify":1631888963709,"author":{"id":"3554944807961803","authorId":"3554944807961803","name":"jkjie90","avatar":"https://static.tigerbbs.com/52ebfc4d59111949c49921b264d26ceb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3554944807961803","idStr":"3554944807961803"},"htmlText":"Drop more","listText":"Drop more","text":"Drop more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/880208809","repostId":1135009497,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5786149,"gmtCreate":1631059231159,"gmtModify":1631888963719,"authorId":3575859659136593,"author":{"id":3575859659136593,"idStr":"3575859659136593","authorId":3575859659136593,"name":"MOON88","avatar":"https://static.tigerbbs.com/f09b0d1b368ce9762e9af5a440d99d98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880208809,"type":1,"supId":0,"prevId":0,"content":"Why dRop?","text":"Why dRop?","html":"Why dRop?"},{"id":5785939,"gmtCreate":1631058631746,"gmtModify":1631888963708,"authorId":3582972798563668,"author":{"id":3582972798563668,"idStr":"3582972798563668","authorId":3582972798563668,"name":"JS64","avatar":"https://static.tigerbbs.com/ad519f92a203874c41d7d11080b13d18","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880208809,"type":1,"supId":0,"prevId":0,"content":"Lol","text":"Lol","html":"Lol"}],"langContent":"EN"},{"id":880201018,"gmtCreate":1631058319834,"gmtModify":1631890088446,"author":{"id":"3586655403870193","authorId":"3586655403870193","name":"yonglh","avatar":"https://static.tigerbbs.com/32b350f718bac0a9eb33d295c6132a1e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3586655403870193","idStr":"3586655403870193"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/880201018","repostId":1135009497,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5785844,"gmtCreate":1631058380272,"gmtModify":1634805955416,"authorId":3569829429894333,"author":{"id":3569829429894333,"idStr":"3569829429894333","authorId":3569829429894333,"name":"Weijielim","avatar":"https://static.tigerbbs.com/f15e78cf1614d5802ab8dfb0d542754d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880201018,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":92,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135009497"}