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Lightning fast, like most things in Bitcoin and the crypto space, general sentiment in the market seems to have changed. The bears have taken over. BTC’s price has been bleeding and this time suggests further downside. Many “bought the dip” when it BTC was below $50,000 expecting a bounce-back during the
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Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the $64,900 all-time high reached on April 14.The popular Crypto
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In the last 24 hrs, Bitcoin suffered a crash from $60,900 to $50,900Over 1 million traders were liquidated to the tune of $10.2 BillionThe dip successfully closed 2 CME BTC GapsThe closure of the two gaps created another at $62,100 that could also be filled in the futureThe last 24
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In brief:Data from Chainalysis suggests that Bitcoin balances on exchanges have increased in the last weekThis is as Bitcoin struggles to maintain the $55k support areaAn increase in Bitcoin balances on exchanges could hint of more selling pressure as seen with the $1 Billion BTC deposit to Gemini before the
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MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty.As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the
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The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewThe BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the
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In brief:Bitcoin fell from $58,369 to a local low of $47,619Bitcoin then rebounded to $55k before once again dipping to the $47,600 levelThe volatility caused $4.4 Billion in liquidationsThe crucial $50k support hangs in the balance as February comes to a closeThere could be additional selling pressure with Bitcoin futures
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Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000
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The price of Bitcoin has rallied to a new all-time high above $48,500 merely hours after it saw a large dip to around $43,800. Bitcoin rose by 11.2% in the last 21 hours, posting a strong V-shape recovery in a short period. Bitcoin price chart. Source: BTCUSD on TradingView.com What’s fueling the Bitcoin
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Data from on-chain data site Glassnode shows the number of addresses with 1,000 or more bitcoin (often called “whales”) continued to increase this week while bitcoin’s price dropped, dipping below $30,000 on Thursday. The count of such addresses dropped in late December and has spiked again since the beginning of
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