Bitcoin sinks further as analysts point at looming technical breakdown

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Bitcoin sinks further as analysts point at looming technical breakdown

The Straits Times2021-06-09

NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...

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Yinasim
·2021-06-09
Evidence that crypto isn't beyond government control.
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Alanshi55
·2021-06-09
Pls comment. Thanks
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1
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- Alanshi55:
  Yaya
  2021-06-09
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xiaochan
·2021-06-09
Wow
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1
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Deonc
·2021-06-09
Down
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dontlose
·2021-06-09
It's on way down to 6k
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Melanie85
·2021-06-09
[Drowsy]
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Cumcumber
·2021-06-09
How much now?
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2
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- Cumcumber:
  Hahaha
  2021-06-11
  Reply
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- J355:
  Ask mq
  2021-06-09
  Reply
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- mQ:
  Can see Yahoo finance too
  2021-06-10
  Reply
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edgetrader
·2021-06-09
Down or up?
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1
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- Cumcumber:
  Down i think
  2021-06-09
  Reply
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CYLiew
·2021-06-09
$Coinbase Global, Inc.(COIN)$will drop if bitcoin price drop
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2
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Kaixiang
·2021-06-09
The demise of Bitcoin?
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3
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- Cumcumber:
  Maybe
  2021-06-09
  Reply
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BBBSIN
·2021-06-09
Gambling
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1
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- PSFund:
  for sure
  2021-06-09
  Reply
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Brotheraaron
·2021-06-09
✅
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Naaaiiviv
·2021-06-09
[What]
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2
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- Naaaiiviv:
  comment
  2021-08-26
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- Anonymous2:
  [Cry]
  2021-06-09
  Reply
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HH浩
·2021-06-09
Now technical come into play… pls like and comment
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3
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- HH浩:
  Thank you
  2021-06-09
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- geraldwwx:
  Hello
  2021-06-09
  Reply
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- eleele:
  Comment
  2021-06-09
  Reply
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KH17
·2021-06-09
Just hodl
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1
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- PSFund:
  Ytd hats eifht
  2021-06-10
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WilsonTan112
·2021-06-09
Like ad reply?
Reply
1
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- heximania:
  sure
  2021-06-09
  Reply
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Venus888
·2021-06-09
Drop again
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Johnlimwt
·2021-06-09
Will it hit $100,000 as many predictedsoon ?? Please like and comment, thanks
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3
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- Cfgramos:
  Not anytime soon!
  2021-06-09
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- Johnlimwt:
  ???
  2021-06-09
  Reply
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duhduhduh
·2021-06-09
No good
Reply
2
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- 35a510b1:
  like n comment back
  2021-06-09
  Reply
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Eded
·2021-06-09
Dropping further and further …. Please like and comment
Reply
4
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- Acella:
  ?
  2021-06-09
  Reply
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- SaveHK:
  buy low and sell high. bitcoin all the way to the moon ?. Safemoon all the way ?????????
  2021-06-09
  Reply
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- YQ17:
  Agreed
  2021-06-09
  Reply
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The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":180648692,"gmtCreate":1623203302116,"gmtModify":1704198260230,"author":{"id":"3585236324784959","authorId":"3585236324784959","name":"Yinasim","avatar":"https://community-static.tradeup.com/news/fe636395860151da4253481e4a32fd0d","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Evidence that crypto isn't beyond government control.","listText":"Evidence that crypto isn't beyond government control.","text":"Evidence that crypto isn't beyond government control.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180648692","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180659169,"gmtCreate":1623202759851,"gmtModify":1704198241369,"author":{"id":"3569133365230412","authorId":"3569133365230412","name":"Alanshi55","avatar":"https://static.tigerbbs.com/e258f142575836f67bb9b43e3ec4a521","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Pls comment. Thanks","listText":"Pls comment. Thanks","text":"Pls comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180659169","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4642641,"gmtCreate":1623202771124,"gmtModify":1663228247773,"authorId":3569133365230412,"author":{"id":3569133365230412,"authorId":3569133365230412,"name":"Alanshi55","avatar":"https://static.tigerbbs.com/e258f142575836f67bb9b43e3ec4a521","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180659169,"type":1,"supId":0,"prevId":0,"content":"Yaya","text":"Yaya","html":"Yaya"}],"langContent":"EN"},{"id":180622288,"gmtCreate":1623202590544,"gmtModify":1704198234553,"author":{"id":"3570343633899015","authorId":"3570343633899015","name":"xiaochan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180622288","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180664009,"gmtCreate":1623202253201,"gmtModify":1704198222215,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Down","listText":"Down","text":"Down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180664009","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180636657,"gmtCreate":1623201133779,"gmtModify":1704198175612,"author":{"id":"3578390540207500","authorId":"3578390540207500","name":"dontlose","avatar":"https://static.tigerbbs.com/83dae59fdfe891a662b9f6cf00aeefbb","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"It's on way down to 6k","listText":"It's on way down to 6k","text":"It's on way down to 6k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180636657","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180694195,"gmtCreate":1623200841517,"gmtModify":1704198164977,"author":{"id":"3568551007910230","authorId":"3568551007910230","name":"Melanie85","avatar":"https://static.tigerbbs.com/12da6320c0aa0175de96553f90b90457","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Drowsy]&nbsp;","listText":"[Drowsy]&nbsp;","text":"[Drowsy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180694195","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180698897,"gmtCreate":1623200737819,"gmtModify":1704198159587,"author":{"id":"3575627435539854","authorId":"3575627435539854","name":"Cumcumber","avatar":"https://static.tigerbbs.com/1e62601ef19050a454d9e0097dbba348","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"How much now?","listText":"How much now?","text":"How much now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/180698897","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4675392,"gmtCreate":1623371865506,"gmtModify":1663228412129,"authorId":3575627435539854,"author":{"id":3575627435539854,"authorId":3575627435539854,"name":"Cumcumber","avatar":"https://static.tigerbbs.com/1e62601ef19050a454d9e0097dbba348","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180698897,"type":1,"supId":4650354,"prevId":0,"content":"Hahaha","text":"Hahaha","html":"Hahaha"},{"id":4650354,"gmtCreate":1623243879850,"gmtModify":1663228285137,"authorId":3575934256983383,"author":{"id":3575934256983383,"authorId":3575934256983383,"name":"J355","avatar":"https://static.tigerbbs.com/bf4773397a05bfafd537c815b1b3cd0c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180698897,"type":1,"supId":0,"prevId":0,"content":"Ask mq","text":"Ask mq","html":"Ask mq"},{"id":4655722,"gmtCreate":1623280136782,"gmtModify":1635330307831,"authorId":3575883708634905,"author":{"id":3575883708634905,"authorId":3575883708634905,"name":"mQ","avatar":"https://static.tigerbbs.com/f15c6544cce801bf2702a439bc97d760","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180698897,"type":1,"supId":4650354,"prevId":0,"content":"Can see Yahoo finance too","text":"Can see Yahoo finance too","html":"Can see Yahoo finance too"}],"langContent":"EN"},{"id":180698360,"gmtCreate":1623200730150,"gmtModify":1704198158938,"author":{"id":"3570751249933438","authorId":"3570751249933438","name":"edgetrader","avatar":"https://static.tigerbbs.com/7d0e920d94a7891f4c6393f3e5510ccc","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Down or up?","listText":"Down or up?","text":"Down or up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180698360","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4641850,"gmtCreate":1623200754078,"gmtModify":1663228244533,"authorId":3575627435539854,"author":{"id":3575627435539854,"authorId":3575627435539854,"name":"Cumcumber","avatar":"https://static.tigerbbs.com/1e62601ef19050a454d9e0097dbba348","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180698360,"type":1,"supId":0,"prevId":0,"content":"Down i think","text":"Down i think","html":"Down i think"}],"langContent":"EN"},{"id":180691803,"gmtCreate":1623200706202,"gmtModify":1704198157150,"author":{"id":"3585109808495850","authorId":"3585109808495850","name":"CYLiew","avatar":"https://static.tigerbbs.com/a99a6d5d4a17c0d959b0793804d401eb","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>will drop if bitcoin price drop","listText":"<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>will drop if bitcoin price drop","text":"$Coinbase Global, Inc.(COIN)$will drop if bitcoin price drop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180691803","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180699330,"gmtCreate":1623200638320,"gmtModify":1704198154385,"author":{"id":"3568714328624189","authorId":"3568714328624189","name":"Kaixiang","avatar":"https://community-static.tradeup.com/news/09c30e8aaa30040558236e89e69bced9","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0},"htmlText":"The demise of Bitcoin?","listText":"The demise of Bitcoin?","text":"The demise of Bitcoin?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180699330","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4641857,"gmtCreate":1623200761887,"gmtModify":1663228243840,"authorId":3575627435539854,"author":{"id":3575627435539854,"authorId":3575627435539854,"name":"Cumcumber","avatar":"https://static.tigerbbs.com/1e62601ef19050a454d9e0097dbba348","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180699330,"type":1,"supId":0,"prevId":0,"content":"Maybe ","text":"Maybe ","html":"Maybe "}],"langContent":"EN"},{"id":180878820,"gmtCreate":1623200107660,"gmtModify":1704198132874,"author":{"id":"3576973418636801","authorId":"3576973418636801","name":"BBBSIN","avatar":"https://static.tigerbbs.com/768828c81af5c2df7cda666c27aebbd6","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Gambling","listText":"Gambling","text":"Gambling","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180878820","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4641869,"gmtCreate":1623200812443,"gmtModify":1663228244944,"authorId":3581720614399200,"author":{"id":3581720614399200,"authorId":3581720614399200,"name":"PSFund","avatar":"https://static.tigerbbs.com/0ef339918e26708070f76eb849ca6534","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180878820,"type":1,"supId":0,"prevId":0,"content":"for <u>sure</u>","text":"for <u>sure</u>","html":"for <u>sure</u>"}],"langContent":"EN"},{"id":180879925,"gmtCreate":1623199990667,"gmtModify":1704198127825,"author":{"id":"3558516382931545","authorId":"3558516382931545","name":"Brotheraaron","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"✅","listText":"✅","text":"✅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180879925","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180844559,"gmtCreate":1623199921871,"gmtModify":1704198126685,"author":{"id":"3559742442220848","authorId":"3559742442220848","name":"Naaaiiviv","avatar":"https://static.tigerbbs.com/f960362e5c51023817630505ca72c17e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/180844559","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5647885,"gmtCreate":1629912402460,"gmtModify":1663232908935,"authorId":3559742442220848,"author":{"id":3559742442220848,"authorId":3559742442220848,"name":"Naaaiiviv","avatar":"https://static.tigerbbs.com/f960362e5c51023817630505ca72c17e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180844559,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"},{"id":4647699,"gmtCreate":1623229338879,"gmtModify":1663228274733,"authorId":3560247957239615,"author":{"id":3560247957239615,"authorId":3560247957239615,"name":"Anonymous2","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180844559,"type":1,"supId":0,"prevId":0,"content":"[Cry]","text":"[Cry]","html":"[Cry]"}],"langContent":"EN"},{"id":180856575,"gmtCreate":1623199544597,"gmtModify":1704198110141,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Now technical come into play… pls like and comment","listText":"Now technical come into play… pls like and comment","text":"Now technical come into play… pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/180856575","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4643038,"gmtCreate":1623204226938,"gmtModify":1663228250467,"authorId":3582015516749888,"author":{"id":3582015516749888,"authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180856575,"type":1,"supId":4641796,"prevId":0,"content":"Thank you","text":"Thank you","html":"Thank you"},{"id":4641796,"gmtCreate":1623200619431,"gmtModify":1663228243741,"authorId":3555322280934257,"author":{"id":3555322280934257,"authorId":3555322280934257,"name":"geraldwwx","avatar":"https://static.tigerbbs.com/bccdb31724278699a26408ea1426d1d2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180856575,"type":1,"supId":0,"prevId":0,"content":"Hello","text":"Hello","html":"Hello"},{"id":4641678,"gmtCreate":1623200350385,"gmtModify":1663228243133,"authorId":3582683028009738,"author":{"id":3582683028009738,"authorId":3582683028009738,"name":"eleele","avatar":"https://static.tigerbbs.com/23a6831fb1186ff7fe07e620ed152c84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180856575,"type":1,"supId":4641377,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"},{"id":4641377,"gmtCreate":1623199702360,"gmtModify":1663228241329,"authorId":3581984444466168,"author":{"id":3581984444466168,"authorId":3581984444466168,"name":"heximania","avatar":"https://static.tigerbbs.com/bd86363b09433494d0d0ca373221939c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180856575,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"}],"langContent":"EN"},{"id":180859219,"gmtCreate":1623199375631,"gmtModify":1704198104145,"author":{"id":"3581725928308654","authorId":"3581725928308654","name":"KH17","avatar":"https://community-static.tradeup.com/news/fca4709c9440c2051f34c45337436bca","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Just hodl&nbsp;","listText":"Just hodl&nbsp;","text":"Just hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180859219","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4668542,"gmtCreate":1623333533244,"gmtModify":1663228371536,"authorId":3581720614399200,"author":{"id":3581720614399200,"authorId":3581720614399200,"name":"PSFund","avatar":"https://static.tigerbbs.com/0ef339918e26708070f76eb849ca6534","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180859219,"type":1,"supId":0,"prevId":0,"content":"Ytd hats <u>eifht</u>","text":"Ytd hats <u>eifht</u>","html":"Ytd hats <u>eifht</u>"}],"langContent":"EN"},{"id":180821827,"gmtCreate":1623199113369,"gmtModify":1704198093265,"author":{"id":"3576822898262586","authorId":"3576822898262586","name":"WilsonTan112","avatar":"https://static.tigerbbs.com/49d6c7786d8d875e327f815c2f6be2f9","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like ad reply?","listText":"Like ad reply?","text":"Like ad reply?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180821827","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4641388,"gmtCreate":1623199721856,"gmtModify":1663228242226,"authorId":3581984444466168,"author":{"id":3581984444466168,"authorId":3581984444466168,"name":"heximania","avatar":"https://static.tigerbbs.com/bd86363b09433494d0d0ca373221939c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180821827,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"}],"langContent":"EN"},{"id":180823450,"gmtCreate":1623199096070,"gmtModify":1704198092451,"author":{"id":"3572313172431959","authorId":"3572313172431959","name":"Venus888","avatar":"https://static.tigerbbs.com/2eb10c539f367e4d8f1ae8ddf081bfdf","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Drop again","listText":"Drop again","text":"Drop again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180823450","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180868672,"gmtCreate":1623198751096,"gmtModify":1704198080903,"author":{"id":"3578545886341911","authorId":"3578545886341911","name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Will it hit $100,000 as many predictedsoon ?? Please like and comment, thanks","listText":"Will it hit $100,000 as many predictedsoon ?? Please like and comment, thanks","text":"Will it hit $100,000 as many predictedsoon ?? Please like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/180868672","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4641773,"gmtCreate":1623200552543,"gmtModify":1663228242328,"authorId":3577318628836449,"author":{"id":3577318628836449,"authorId":3577318628836449,"name":"Cfgramos","avatar":"https://static.tigerbbs.com/8e4f5dee285970cb0d50c61a4302a33f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180868672,"type":1,"supId":0,"prevId":0,"content":"Not anytime soon!","text":"Not anytime soon!","html":"Not anytime soon!"},{"id":4640967,"gmtCreate":1623198812238,"gmtModify":1663228240131,"authorId":3578545886341911,"author":{"id":3578545886341911,"authorId":3578545886341911,"name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180868672,"type":1,"supId":0,"prevId":0,"content":"???","text":"???","html":"???"}],"langContent":"EN"},{"id":180885255,"gmtCreate":1623198570477,"gmtModify":1704198070347,"author":{"id":"3548519664875261","authorId":"3548519664875261","name":"duhduhduh","avatar":"https://static.tigerbbs.com/3d0b0a451777c580da7e35ef36023d93","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"No good","listText":"No good","text":"No good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180885255","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4640913,"gmtCreate":1623198722422,"gmtModify":1663228240028,"authorId":3566178178524951,"author":{"id":3566178178524951,"authorId":3566178178524951,"name":"35a510b1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180885255,"type":1,"supId":0,"prevId":0,"content":"like n comment back","text":"like n comment back","html":"like n comment back"}],"langContent":"EN"},{"id":180889172,"gmtCreate":1623198273496,"gmtModify":1704198061811,"author":{"id":"3581980965309451","authorId":"3581980965309451","name":"Eded","avatar":"https://static.tigerbbs.com/41a629a3014601072ee8dc2d151d1796","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Dropping further and further …. Please like and comment&nbsp;","listText":"Dropping further and further …. Please like and comment&nbsp;","text":"Dropping further and further …. Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/180889172","repostId":2142952402,"repostType":4,"repost":{"id":"2142952402","pubTimestamp":1623197547,"share":"https://www.laohu8.com/m/news/2142952402?lang=&edition=full","pubTime":"2021-06-09 08:12","market":"sg","language":"en","title":"Bitcoin sinks further as analysts point at looming technical breakdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2142952402","media":"The Straits Times","summary":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical brea","content":"<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin sinks further as analysts point at looming technical breakdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin sinks further as analysts point at looming technical breakdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://www.straitstimes.com/business/companies-markets/bitcoin-sinks-further-as-analysts-point-at-looming-technical-breakdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142952402","content_text":"NEW YORK (BLOOMBERG) - Bitcoin slumped to a two-week low, with analysts pointing to a technical breakdown as well as the recovery of Colonial Pipeline's ransom as evidence that crypto isn't beyond government control.The largest token tumbled as much as 9.9 per cent to US$31,036 (S$41,092), though it recouped some of those losses to trade around US$32,363 as of 2.31pm in New York. The Bloomberg Galaxy Crypto Index fell as much as 15 per cent before also paring losses by mid-afternoon. Altcoins such as Ether, Litecoin and EOS also dropped.\"Bitcoin can't get a break,\" said Antoni Trenchev, managing partner and co-founder of Nexo, a crypto lender. \"Big picture, what we're experiencing here is a tedious, drawn out regulatory overhang which will continue to weigh on the Bitcoin price. Ultimately it's good for the industry - and crypto needs the right sort of regulation - but for short-termists out there, it's probably best to look away.\"The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders.The FBI was able to find the Bitcoin by uncovering the digital addresses the hackers used to transfer the funds, according to an eight-page seizure warrant released by the Justice Department on Monday.While the FBI's ability to track and recoup the cryptocurrency may go against the anti-establishment ethos that led to the development of Bitcoin, it can also been seen as a positive sign for the sector as it seeks broader mainstream acceptance.To Bloomberg Intelligence's Mike McGlone, Tuesday's decline is \"linked to fears of the Feds seizing people's Bitcoins,\" he said. At the same time, \"we've been in a down-phase for a month now and this is part of it. It's a continuation of the latest downtrend and this is the latest spark. I thought Bitcoin would be up today on the Colonial news so I'm befuddled.\"Meanwhile, strategists are also watching key technical levels for the cryptocurrency.One threshold is US$30,000, a level the coin briefly touched last month during a brutal selloff. But breaching that round-number level, could trigger another wave of selling given the lack of technical support between US$20,000 and US$30,000. On the other hand, Bitcoin's relative strength index is signaling that the token is nearing the oversold level, indicating a possible reprieve.If the coin continues to decline and US$31,000 and US$30,000 are taken out, it could retrace its entire breakout from US$20,000 and fall back to that level, according to Tallbacken CEO Michael Purves. \"This type of 'round trip' would not be unusual for an asset (or a stock) which put in an exponential rally,\" he wrote in a note, adding that something similar happened after its 2017 rally.Other market-watchers agree. \"The major price support stands at the US$30K level, and a slide below this handle could run into stops and accelerate the sell-off in the short run,\" said Ipek Ozkardeskaya, senior analyst at Swissquote.Jeffrey Halley, a senior market analyst at Oanda, says that a break below US$30,000 could lead to \"another capitulation.\" Evercore ISI's Rich Ross sees a test of support around US$29,000.Bitcoin is still up about 12 per cent this year but the token has plunged from a peak of almost US$65,000 in mid-April, casting a pall over the cryptocurrency sector. The recent selloff was exacerbated by billionaire Elon Musk's public rebuke of the amount of energy used by the servers underpinning the token. Harsh Chinese regulatory oversight also soured the mood.\"You had this phenomenon where Bitcoin got extended, but nothing goes up in a straight line,\" said Dan Russo, portfolio manager at Potomac Fund Management. \"That's something to be expected - you've seen throughout its short history these bouts of deep drawdowns. It just got extended to the upside and started to roll over.\"The virtual currency - which has more than tripled over the past year - is now in a \"cooling off period\" that could last \"a few months\" longer, said Vijay Ayyar, head of Asia-Pacific at crypto exchange Luno.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4642100,"gmtCreate":1623201332547,"gmtModify":1663228246348,"authorId":3563150446821026,"author":{"id":3563150446821026,"authorId":3563150446821026,"name":"Acella","avatar":"https://static.tigerbbs.com/2712c4bb0bfbec4d2773e012189db3bc","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180889172,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":4640866,"gmtCreate":1623198572610,"gmtModify":1663228240736,"authorId":3570678493691973,"author":{"id":3570678493691973,"authorId":3570678493691973,"name":"SaveHK","avatar":"https://static.tigerbbs.com/89b74f5799a23844400ed6de94296d38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180889172,"type":1,"supId":0,"prevId":0,"content":"buy low and sell high. bitcoin all the way to the moon ?. Safemoon all the way ?????????","text":"buy low and sell high. bitcoin all the way to the moon ?. Safemoon all the way ?????????","html":"buy low and sell high. bitcoin all the way to the moon ?. Safemoon all the way ?????????"},{"id":4640935,"gmtCreate":1623198759477,"gmtModify":1663228239534,"authorId":3579605390417452,"author":{"id":3579605390417452,"authorId":3579605390417452,"name":"YQ17","avatar":"https://static.tigerbbs.com/27a39a8720408cb33a5ee4fb46fdc580","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180889172,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"},{"id":4641417,"gmtCreate":1623199778857,"gmtModify":1663228238935,"authorId":3576629019645766,"author":{"id":3576629019645766,"authorId":3576629019645766,"name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180889172,"type":1,"supId":0,"prevId":0,"content":"Keep buying the dip! ?","text":"Keep buying the dip! ?","html":"Keep buying the dip! ?"},{"id":4640870,"gmtCreate":1623198581224,"gmtModify":1663228238350,"authorId":3554270654692944,"author":{"id":3554270654692944,"authorId":3554270654692944,"name":"James3128","avatar":"https://static.tigerbbs.com/5ace08c09b102c90559617c6182a8216","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.12%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180889172,"type":1,"supId":0,"prevId":0,"content":"Pls comment and like ","text":"Pls comment and like ","html":"Pls comment and like "}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":46,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}