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Bitcoin (BTC) hit new month-to-date lows on Dec. 7 as Asian markets fell during trading.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$16,500 stands as support as BTC price wobblesData from Cryptox Markets Pro and TradingView showed BTC/USD dipping to lows of $16,736 on Bitstamp, a level not seen since Nov. 30.The
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The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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BTC Conviction is at an all-time high as long-term investors keep adding to their BTC stack unfazed by the recent news and fallouts according to data from Glassnode.Crypto has been declared dead quite a few times as Fear and Uncertainty is at highs in the crypto industry. Although low conviction
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Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment
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Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY weakness offers hope of "Santa rally"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls bought time between $16,800 and $17,000.Analysts had earmarked
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Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses.Data from on-chain analytics firm Glassnode shows that seller exhaustion is reaching ideal levels for a BTC price leg up.Bitcoin sellers face low BTC price volatilityAlmost one month after the FTX implosion began, Bitcoin investors have
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Bitcoin is retracing its recent week losses, and it’s about to reclaim the support lost during the FTX debacle. The number one crypto by market capitalization is displaying some short-term strength as macroeconomic conditions continue to improve. Other cryptocurrencies in the crypto top 10 by market cap are seeing profits. Dogecoin
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The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%.Total crypto market cap in USD, 4-hour. Source: TradingViewBitcoin (BTC)
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It is no secret that Binance benefits from FTX’s insolvency. After the second largest exchange in the world went belly up, other exchanges had to divide FTX’s market share among themselves. And that Binance is one of the biggest winners now seems to be confirmed by recent data. The Block claims
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Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’ revenue has been on a downtrend since November 2020. Current Bitcoin Miners’ Revenue Meanwhile, BTC miners are experiencing some downturn in their
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