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Bitcoin’s price reversed Wednesday’s losses on Thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing gains in bitcoin and other cryptocurrencies to GameStop’s stock drama.Bitcoin (BTC) trading around $32,607.78 as of 21:00 UTC (4 p.m. ET). Gaining 3.17% over the previous 24 hours.Bitcoin’s
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Bitcoin’s (BTC) price has recovered from Wednesday’s losses since the U.S. markets opened Thursday morning. However, traders and analysts are not sure whether the rebound is sustainable, with some telling CryptoX it was likely the result of GameStop’s stock drama. Source
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On-chain metrics are indicating that continued downward pressure on the price of Bitcoin would result in many investors facing losses.A Jan. 25 report published by crypto data aggregator Glassnode has noted that Bitcoin’s adjusted Spent Output Profit Ratio, or aSOPR, suggests that a further decrease in prices will leave many
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Bitcoin price is showing bearish signs below $35,800 and $36,000 against the US Dollar. BTC is likely to continue lower below the $34,000 and $33,000 support levels in the near term. Bitcoin is trading in a bearish zone below the $35,800 and $36,000 resistance levels. The price is gaining bearish momentum below
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Bitcoin price surged above the $40,000 level before correcting lower against the US Dollar. BTC traded below $38,000, but it is likely to find a strong support near $36,500 or $35,200 Bitcoin extended its rally above the $38,000 and $40,000 resistance levels. The price started a downside correction from a new all-time
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Ripple started a major decline below the $0.5000 support zone against the US Dollar. XRP price even broke
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Bitcoin just posted another shocking price movement, with the cryptocurrency’s latest rejection at $19,800 sending it as low
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Despite making revenue, the US leading food delivery app Doordash has also suffered a loss of almost $149 million.On Friday, DoorDash filed its IPO prospectus with the Securities and Exchange Commission (SEC). Following the successful filing, the company expects to use the symbol DASH to list its shares on the
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Crypto lender Cred’s bankruptcy is more than it appears. Two publicly traded bitcoin mining firms reported this week: Neither are profitable. ECB President Christine Lagarde has a “hunch” about the digital euro. Top shelfChapter…12?Cred’s Chapter 11 bankruptcy filing doesn’t tell the whole story. With $67.8 million in assets and $136 million
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Yearn.finance used to be the darling of the DeFi sector, with investors pouring massive sums of capital into
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