Endorsed by Gambling911

Whales Sink Price of Bitcoin

Written by:

Aaron Goldstein

Published on:

May/09/2020

The price of Bitcoin fell from a high of $9990 to $7995 before rebounding to $8656 late Saturday. This represented at 15% drop.

Coinbase suffered a brief outage when crypto prices plummeted Saturday afternoon.

From Decrypt.co:

Apparently, whales started liquidating their BTC positions in $2 million chunks just as the clock struck 5 PM in California. Bitcoin dropped from $9561 to $8570 in just under 30 minutes, before perking up to $8770, where it appeared to level off as of this writing.

- Gilbert Horowitz, Gambling911.com

Business/Financial News

Port Strike Ends: Bettors Lose

The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract.

Gamblers Not Optimistic That East Coast Port Strike Ends This Week

14% of those betting this market believe this will happen, though only $8400 has been wagered thus far at Polymarke

Bitcoin Prices Plunge on Middle East Tensions

Bitcoin (BTC-USD) and related stocks are experiencing a sharp decline in prices following Iran's attack on Israel Tuesday evening. This escalation of tensions in the Middle East has pushed the cryptocurrency market into the red.

Bet the Number of Tesla Deliveries in 4th Quarter 2024

After a strong fourth quarter in 2023, Tesla started off 2024 with a quarter that Wedbush analyst Dan Ives called a 'nightmare.' The company delivered only 386,810 electric vehicles, which was far below Wall Street estimates.

Sports Betting Software in Alabama and Georgia

With the US Supreme Court abolishing sports betting prohibition back in May of 2018, everybody wants to be a bookie. And now they can, with state-of-the-art sports betting software that is available to Georgia and Alabama residents.