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Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month.Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close.Three years, 2,125% upsideDespite disappointing when it comes to end-of-year price expectations,
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Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and recent data showing U.S. inflation hitting a
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The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%.One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an
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Traders are showing a renewed sense of hope after Bitcoin (BTC) price held onto the $32,000 range for what could be the second day in a row. Data from Cointelegraph Markets Pro and TradingView shows that bulls have managed to regroup at the $32,000 level where Bitcoin has hovered throughout the
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Litecoin during the last cycle was as popular and hyped as other top cryptocurrencies Bitcoin and Ethereum. This time around, however, the coin called digital silver isn’t performing anywhere nearly as well as its digital gold counterpart or even other altcoins. Whatever has been causing the lag behind the rest of
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Bitcoin has collapsed by over $2,000 since the highs of last week. Even after a slight bounce at
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The past two months have been a confusing time for Bitcoin investors. The cryptocurrency has traded between a rock and a hard place, barely deviating from the range lows of $8,500 and the highs of $10,000.BTC is so indecisive that analysts have noted that a textbook volatility indicator has reached
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At a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell steeply.Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles (Source: Bitcoin
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Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%.Since then, a question that has plagued investors is if Bitcoin bottomed during
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Over the past few weeks, Bitcoin traders have been divided over whether or not the crypto market has bottomed. Interestingly, many have said no, simply citing the fact that there’s no telling how long the coronavirus crisis will last and how that uncertainty and economic damage will affect traditional markets,
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