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Bitcoin’s price plummeted over 10% on early Tuesday, as El Salvador announced that it would officially accept the major cryptocurrency as the nation’s legal tender. According to CoinMarketCap, Bitcoin’s slump from Monday accelerated as the crypto failed to hold its $50,000 price level — sliding from $51,000 to $44,700 within a
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Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption. After hitting local highs north of $52,800 on Monday, Bitcoin's price plunged all the way to $42,900 in Tuesday
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Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An ‘ascending channel’ or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that
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On-chain data shows Bitcoin netflows are still deeply negative, a sign that means BTC remains bullish. This is despite the dip to $44k. Exchanges Observe Deeply Negative Bitcoin Netflow As per a CryptoQuant post, the Bitcoin netflow indicator has been deeply negative recently, suggesting that signs are still overall bullish for the
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On-chain data shows huge inflows of $222 million worth of stablecoins on exchanges, suggesting Bitcoin whales might be looking to buy the dip. Centralized Exchanges Observe $222 Million Worth Of Stablecoin Inflows As pointed out by a CryptoQuant post, centralized exchanges saw inflows of more than $222 million worth of stablecoins yesterday.
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Bitcoin (BTC) staged yet another classic comeback on Aug. 13 as a day of losses abruptly flipped positive.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin routs bears in classic styleData from Cointelegraph Markets Pro and TradingView showed BTC/USD rising from below $44,000 to top $46,300 in hours.Friday’s 5.5% gains erased the
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Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA's largest oil exporter, denied claiming to start mining Bitcoin.Top traders at exchanges seized the opportunity to add leverage-long positions, a clear
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$8.09 Billion in trading positions have been liquidated in the last 24 hours720,927 crypto traders were liquidated in the last dayRetail investors were the main sellers during the dipThe largest single liquidation was a Bitcoin position worth $67 millionBitcoin liquidations top the list at $3.35 Billion in the last dayBitcoin
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DeFi continues to gain momentum as more in and outside the crypto world understand its immense potential. Take a look at some of the most promising DeFi projects.While Elon Musk and Dogecoin have seemed to dominate crypto headlines lately, for some, decentralized finance continues to prove popular and becomes an
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It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum.This appears to be the same for blockchain-related stocks that trade in the traditional financial markets,
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