MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in Macau

  • Macao Union Hospital marks two years, given 25% public healthcare target

  • Governance Deland Leong takes over Sports Bureau as merger looms

  • Study finds Macau GP linked to cleaner air as residents change travel habits

  • Gov’t opens first mainland government service station in Hengqin

  • UTM expands programs at Hengqin campus

Business
Home›Business›Crypto crash prompts Bitcoin guessing game

Crypto crash prompts Bitcoin guessing game

By -
Friday, August 30, 2019
85
0
Share:

Cryptocurrencies plunged suddenly in afternoon trading on Wednesday, spurring a guessing game of potential catalyst among enthusiasts and investors. The price of Bitcoin dropped below $10,000 for the first time since July.

As with many things crypto, enthusiasts and skeptics alike were quick to point the finger on Twitter and Reddit, though it remained anyone’s guess as to what the catalyst was.

“From our end, it looks like it was a sell-off to cash settle futures that are coming due on Friday for BTC,” said Dave Balter, chief executive of Flipside Crypto Inc. in Boston. His firm tracks blockchain transaction data, differentiating between users and speculators, and includes large trades and their originations.

“It’s the week before Labor Day. Half of crypto is at Burning Man and the other half is sitting on their hands doing nothing,” said Jeff Dorman, chief investment officer at Arca. “I just don’t think there are a lot of investors willing to defend price right now.” MDT/Bloomberg

FacebookTweetPin

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Like this:

Like Loading…

Related

Previous Article

Beijing indicates it won’t retaliate now on ...

Next Article

Jack Ma says 12-hour work week ...

0
Shares

    Related articles More from author

    • BusinessCorporate Bits

      Galaxy Macau and UFC unveil fan events for Fight Week in Macau

      Thursday, May 21, 2026
      By -
    • Business

      Corporate Bits | Sands China employees participate in world challenge day

      Thursday, May 26, 2016
      By -
    • Business

      MGM marks tenth anniversary with inaugural staff

      Tuesday, December 19, 2017
      By -
    • BusinessCorporate BitsMGM

      MGM’s PRIDE program explores the Greater Bay Area

      Friday, June 6, 2025
      By -
    • Business

      Digg to relaunch with focus on ‘humanity and connection’

      Friday, March 7, 2025
      By -
    • Business

      In Indonesia, the cost of a curry just got a lot pricier

      Tuesday, June 5, 2018
      By -

    Leave a reply Cancel reply

    You must be logged in to post a comment.

    0

    • HeadlinesMacau

      Macau 2021 | The year of ‘big transformation’ to reflect upon in 2022 and beyond

    • Macau

      Small Taipa to have a viewing deck

    • World

      El Salvador makes Bitcoin legal tender

    DAILY EDITION

    Thursday, September 17, 2026 – edition no. 5038
    Thursday, September 17, 2026 – edition no. 5038

    Greater Bay

    MDT MACAU GRAND PRIX SPECIAL

    September 2026
    M T W T F S S
     123456
    78910111213
    14151617181920
    21222324252627
    282930  
    « Aug    

    Timeline

    • Thursday, September 17, 2026

      “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in Macau

    • Thursday, September 17, 2026

      Macao Union Hospital marks two years, given 25% public healthcare target

    • Thursday, September 17, 2026

      Governance Deland Leong takes over Sports Bureau as merger looms

    • Thursday, September 17, 2026

      Study finds Macau GP linked to cleaner air as residents change travel habits

    • Thursday, September 17, 2026

      Gov’t opens first mainland government service station in Hengqin

    • Thursday, September 17, 2026

      UTM expands programs at Hengqin campus

    • Thursday, September 17, 2026

      Lee unveils first 5-year plan that broadens the city’s identity beyond finance

    • Thursday, September 17, 2026

      Macau’s safety paradox: ranking low but feeling safe

    • Thursday, September 17, 2026

      Gov’t to expand job support for young residents

    • Thursday, September 17, 2026

      SMG bets on AI to improve its ability to forecast severe weather

    Extra Times

    Extra TimesHeadlinesTaste of Edesia

    The confluence of craft: An evening at Estuary

    There are restaurants that feed the body, and there are those that nourish the soul. Estuary, the latest jewel in Chef Vicky Cheng’s culinary crown, belongs resolutely to the latter ...
    • The Korean thriller ‘Hope’ is a creature feature to the tilt

      By MDT/AP
      Friday, September 11, 2026
    • Carly Simon’s album is a journey through love and loss

      By MDT/AP
      Friday, September 11, 2026
    • Macao Orchestra opens season with Eric Lu in poetic form

      By -
      Friday, September 11, 2026
    • A symphony of six hands: Saffron’s Michelin culinary journey

      By Irene Sam, MDT
      Friday, September 4, 2026
    • Recent

    • Popular

    • “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in ...

      By MGM Macau PR
      Thursday, September 17, 2026
    • Macao Union Hospital marks two years, given 25% public healthcare target

      By Yuki Lei, MDT
      Thursday, September 17, 2026
    • Governance Deland Leong takes over Sports Bureau as merger looms

      By Yuki Lei, MDT
      Thursday, September 17, 2026
    • Study finds Macau GP linked to cleaner air as residents change travel habits

      By Ricaela Diputado, MDT
      Thursday, September 17, 2026
    • Gov’t opens first mainland government service station in Hengqin

      By Nadia Shaw, MDT
      Thursday, September 17, 2026
    • UTM expands programs at Hengqin campus

      By Ricaela Diputado, MDT
      Thursday, September 17, 2026
    • Lee unveils first 5-year plan that broadens the city’s identity beyond finance

      By -
      Thursday, September 17, 2026
    • Canidrome may have its days numbered, decision in ‘one or two months’

      By Paulo Coutinho, MDT
      Thursday, May 26, 2016
    • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

      By -
      Wednesday, May 4, 2016
    • Editorial | Canidoomed

      By Paulo Coutinho, MDT
      Wednesday, June 1, 2016
    • Animal Welfare | Canidrome presented with ultimatum: close or move

      By Daniel Beitler, MDT
      Friday, July 22, 2016
    • Australia regulator cracks down on alleged exportation of dogs to Macau

      By Paulo Coutinho, MDT
      Friday, June 10, 2016
    • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

      By Catarina Pinto
      Monday, July 6, 2015
    • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

      By Daniel Beitler, MDT
      Friday, May 27, 2016
    • Contact our Administrator
    • Contact our Editor-in-Chief
    • Contacts
    • Our Team
    • Privacy Policy
    • Terms and Conditions
    • Editorial Statute
    • Code of Ethics
    COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
    MACAU DAILY TIMES
    • Home
    • Macau
      • Photo Shop
      • Advertorial
    • Interview
    • Greater Bay
    • Business
      • Corporate Bits
    • China
    • Asia
    • World
    • Sports
    • Opinion
      • Editorial
      • Our Desk
      • Business Views
      • China Daily
      • Multipolar World
      • The Conversation
      • World Views
    • Our Team
    • Editorial Statute
      • Code of Ethics
      • Privacy Policy
      • Terms and Conditions
    • Archive
      • PDF Editions
    • Contacts
    • Extra Times
      • Drive In
      • Book It
      • tTunes
      • Features
      • World of Bacchus
      • Taste of Edesia
    Loading Comments...

    You must be logged in to post a comment.

    %d