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Bitcoin’s price (BTC) broke below its 55-day resistance at $27,000 on May 12, down 12.3% in 30 days. But, more importantly, it decoupled from the S&P 500 index, which is basically flat from 30 days ago, and 15% below its all-time high.Bitcoin price in USD (right) vs. S&P 500 futures
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Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price action rebounds from stocks slumpData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $29,529 on Bitstamp - a new May high.The pair
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Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000. Bitcoin Bitcoin (BTC) moved lower on Wednesday, as markets began to
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Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by Solana blockchain and the retail trading debut of Grayscale’s Solana Trust shares.The developments along with bullishness in the broader market, boosted the price of SOL by 29.05% from April 11 to a monthly
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Bitcoin (BTC) stayed tightly rangebound at the April 3 Wall Street open as analysts counted down to volatility.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Watch for rugs" on BTCData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $28,000 on Bitstamp.The weekend had finished on an erratic note as
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The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the
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Bitcoin's swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally. Source
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Bitcoin (BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering United States dollar.US dollar strength reemergesNotably, the U.S. Dollar Index (DXY), which tracks the greenback’s performance against a basket of top foreign currencies, has risen 4% from its
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Bitcoin (BTC) saw no relief at the Feb. 10 Wall Street open as United States equities dipped further.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"All eyes" on 200-day moving averagesData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it tracked sideways following a volatile 24 hours’ trading.Existing market weakness was
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Bitcoin (BTC) circled $23,500 on Feb. 4 as bulls refused to give up support in out-of-hours trading.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price conjures 2020 memoriesData from Cryptox Markets Pro and TradingView showed BTC/USD holding a narrow range in place since the Feb. 3 Wall Street open. Macroeconomic data
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