Here’s why IOST, Horizen (ZEN) and Avalanche (AVAX) surged as Bitcoin crashed

Bitcoin’s (BTC) recent plunge could have been caused due to profit-booking by institutional investors, according to a report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and weekly outflows from several crypto investment products. Crypto market data daily view. Source: Coin360 While the recent 28% decline may have scared some new investors, Bitcoin HODLers were likely unfazed as they’ve encountered six larger corrections during Bitcoin’s massive bull run in 2017. Therefore, describing a 20% fall as a…

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Coinbase Crashed As BTC Skyrocketted

Major U.S. crypto exchange, Coinbase, and its professional trading platform, Coinbase Pro, recently went down for the count during a hectic pump day for Bitcoin (BTC). Coinbase and Coinbase Pro showed “partially degraded service” on April 29, as per a notice on Coinbase Pro.  “Coinbase has crashed as Bitcoin skyrockets today,” Morgan Creek Digital co-founder Anthony Pompliano tweeted on April 29 at 1:37 p.m. EST.  Bitcoin rocketed up near $9,000 After posting its most recent price bottom near $3,600, Bitcoin has carved out a sizeable bounce. The crypto market’s largest asset…

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US Holding Firm Halted Mining Business After Bitcoin Crashed Below $4K

Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings, a Nasdaq-listed holding company, announced that it is temporarily shutting down its cryptocurrency mining business, Digital Farms. DPW notifies the SEC about multiple changes to its business in relation to the coronavirus According to a March 18 business update filed with the United States Securities and Exchange Commision (SEC), the Digital Farms’ suspension…

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