Bookmark Technology

  • Submit Story
  • Popular Stories
  • Recent Stories
  • Trending Stories
  • Contact Us
  • Login
Trending now

Pokemon Go’s original Professor Willow is finally crossing over into the mainstream franchise

International Women’s Day, 2021 – Women’s Leadership Must Drive the Global Recovery from COVID-19 — ...

Digital transformation hit overdrive for retailers and restaurants in 2020

Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s

Spike in digital land and NFT sales push Axie Infinity (AXS) price to new highs

Ethereum gas fees drop as daily DEX and DeFi volumes decline

What’s The Wildest Reason Your Kid Has Ever Thrown A Fit?

Rita Ora Was Asked About The Pandemic, Despite That Birthday Party Backlash, And This Is ...

Gamasutra: Lars Doucet’s Blog – Artifact and the Five Currencies

Jennifer Aniston Finally Reveals Significance of Her “11 11” Tattoo

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

1
Max 1 month ago in Altcoin 0


Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a weekly report from crypto fund provider, CoinShares, some institutional investors seem to be booking profits and the analysts also cited the strengthening (trade-weighted) U.S. dollar.

Another indicator that points to professionals selling Bitcoin is the drop in “Coinbase Premium.” As markets continue lower, an increasing number of investors may dump their positions with the intent to buy again at lower levels.

Crypto market data daily view. Source: Coin360

Guggenheim Partners chief investment officer Scott Minerd has turned bearish on Bitcoin for the year. In an interview with CNBC, Minerd said that Bitcoin may have topped out and could “see a full retracement back toward the 20,000 level.”

If Bitcoin plunges, altcoins are also likely to witness selling pressure. Although this may be the case, during sell-offs, tokens backed by strong fundamentals may outperform.

Let’s have a look at three tokens which have held steady during the current market correction.