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The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve. Original Source
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Hayes highlights open interest data for BTC and ETH, which are at $20,000 and $1,000.He says the closer the market goes to those strike prices; the more will be sold, leading to a potentially large sell-off.The market crash has had an enormous impact on the growth of the market, with
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Bitcoin accounted for over $532 million of all liquidations, followed by ether at $317 million and Solana’s SOL tokens at nearly $20 million. Futures tracking Cardano’s ADA, Stepn’s GMT, and Binance ecosystem tokens BNB saw over $6 million in losses each, with some 213,000 individual trading accounts seeing liquidations in
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Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cryptox Markets Pro and TradingView confirms.Bitcoin clings to realized priceAt around
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Key takeaways: The number of Bitcoin addresses holding one or more BTC has hit a new all-time high of 851,921. The new milestone is despite Bitcoin’s bearish environment and a dip below $27k. Short-term, Bitcoin could rebound to $30k. However, a bottom might not be in, and further losses might be incoming for Bitcoin
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Cardano consolidated after the coin attempted to rise on the one day chart. Bitcoin extended losses so broader market continued to flash signs of weakness. The one day chart displays mixed signals which could also mean that the coin might be attempting to head north. Over the last 24 hours, ADA
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Cardano (ADA) exhibited strength over the last 24 hours as the coin rallied by almost 25%. With Bitcoin trying to climb up on its chart, altcoins have reflected the same price action. Broader market seems to be regaining its lost momentum with major market movers showing signs of recovery. The global
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Ethereum has slid on its charts again at the time of writing. Over the last week, the coin lost about 10% of its value. The bears have strengthened in the market because the buyers have left the market. Technical outlook of the coin remained bearish and selling pressure mounted. The coin
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Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTrader demands higher low above $28,000Data from Cointelegraph Markets Pro and TradingView confirmed volatility once again waning in a frustrating week's price
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Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer
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