Cryptocurrencies plummet into dreaded ‘death cross’ phase | Crypto Craft

  • Cryptocurrencies plummet into dreaded ‘death cross’ phase

    From news.com.au

    As if things weren’t bad enough for crypto investors today, Bitcoin has hit a sinister-sounding new stage in its cycle — the dreaded death cross. This morning investors woke up to a world of hurt as major currencies crashed hard after China swept in to shut down a number of “gigantic bitcoin mining operations” yesterday. The price of bitcoin sank to as low as $US32,309. The unit has taken a severe hit in recent weeks, having hit a record near $US65,000 in April, partly because of Beijing’s crackdown. Other cryptocurrencies have been hit even harder. As of this morning Ethereum is down 13.44 per cent and XRP ... (full story)

Comment Options
letaptimas
Jun 22, 2021 1:57am
Permalink
Well if you get rid of your EMA indicators you won't have a 'death cross' besides if you add a bunch more you might get a 'death star'.

I smell weetabix from my breath, but no toast best make some toast.
Reply
  • Story Stats