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The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours. Behind the rapid recovery are three major factors, including low funding rates, Square's $170 million Bitcoin purchase, and the spot market stabilizing.Bitcoin futures funding rates substantially dropAcross major futures exchanges, including Binance, Bybit and
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Bitcoin fell more than $1000 dollars before rebounding, in the leading cryptocurrency’s sharpest decline in almost three weeks.At around 2:15 UTC, BTC began to tumble significantly as its value dropped below a previous area of support at around $18,474.Spot volume across major exchanges also rose sharply as bitcoin’s 24-hour range
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The Ichimoku Cloud is a momentum indicator often used in technical analysis to gauge an asset’s trend. It
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Bitcoin is currently correcting higher from the $8,813 swing low against the US Dollar. BTC is trading above $9,000, but it is facing many hurdles near $9,200 and $9,300.Bitcoin started an upside correction after trading to a new monthly low at $8,813.The price is recovering nicely and it is trading
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Bitcoin started a major decline after it was rejected near the $10,000 resistance against the US Dollar. BTC is currently recovering, but it is likely to face sellers near the 100 SMA (H4).Bitcoin traded as low as $9,084 and it is currently correcting higher.The price is likely to face sellers
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After Bitcoin’s hashrate hit a high of 103 exahashes per second on May 11, one day prior to the halving event, the latter saw hash rates fall significantly to just 87 exahashes per second, a level not seen in recent times. But the situation has been improving since, along with
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Ripple is currently correcting higher from the $0.1810 support against the US Dollar. XRP price is now facing key barriers and it could reverse towards the $0.1650.Ripple price is up more than 2% and it is above the $0.1860 level against the US dollar.There are still many hurdles near the
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Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles.Bitcoin is correcting higher from the $5,846 swing low against the US Dollar.The price is showing positive signs above the $6,000 level, but
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Ripple is started a decent recovery from the $0.1280 support zone against the US Dollar. XRP price is likely to surpass the $0.1500 resistance and trade towards the $0.1700 resistance.Ripple price is showing a few positive signs above the $0.1400 level against the US dollar.It is currently testing a major
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Bitcoin is currently recovering from the $8,512 weekly low against the US Dollar. However, BTC price is still facing many key hurdles near $9,000 and it could resume its decline.Bitcoin is showing signs of a short term upside correction from $8,512 against the US Dollar.The bears are still in control
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