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Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go. According to the strategy, Bitcoin miner rewards sent to exchanges foreshadows pending sell pressure on Bitcoin price
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Bitcoin (BTC) price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the U.S Securities and Exchange Commission against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register
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Bitcoin (BTC) is in a “transition," which should pave the way to the next bull market top, new research has concluded.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence.Bitcoin hodlers in "transition"After the 2022 bear market and
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A fall in Bitcoin price could pull the entire altcoin industry amid reduced crypto liquidity fueled by increased scrutiny from US regulators. The most valuable digital asset Bitcoin (BTC) has struggled to continue with the new year’s crypto relief rally in the past two months. Trading around $26, 699 on Monday,
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Bitcoin’s price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite, as governments seek more control over the sector.In a memo circulated among
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Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall Street’s indifference regarding these would lead to massive market capitulation. Peter Schiff
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Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months. Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants.This is no mean feat — market sentiment has plenty to spook it and
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Capitulation literally means concede. In the financial sphere, this term reflects a period of aggressive selling when the last of the bulls concede defeat to become bears themselves.What is crypto market capitulation?Suppose a cryptocurrency drops 30% overnight. An investor is left with two options: they can continue to hold or
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Jaran Mellerud of Hashrate Index recently released a ‘comprehensive analysis’ on the thesis that a Bitcoin miner capitulation could put massive selling pressure on the market, causing a crash. The topic has been a recurring part of the discussion in recent weeks as to whether the BTC bear market could
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Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says.In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC.ARK: FTX scandal may be "most damaging event" everWith BTC price volatility
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