Bitcoin Plunges Most in 2 Months Amid Stock Market Sell-off
Bitcoin dropped more than 7% on Thursday. The price drop appeared synced with a broad selloff in stocks and bonds. Original Source
Read More
selloff
Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K
The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk buying Twitter began to fade, and concerns about the state of the global economy took the forefront again.Tech-related stocks were some of the hardest-hit assets on Tuesday and this pullback was
Read More
Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust
Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls' latest advance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin sheds $3,000 on U.S. stocks plungeData from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 Friday after volatility during the latest Wall Street
Read More
Market Wrap: Crypto Sell-Off Pauses as Volatility Fades; Altcoins Outperform
Bitcoin (BTC) and other cryptos stabilized on Tuesday amid lower volatility. Options traders remain uncertain as demand for puts began to outweigh demand for calls. Stocks were also mixed, while gold traded higher. Original Source
Read More
Bitcoin Sell-Off Deepens as Correlation with Stocks Rise
In a Monday newsletter, FundStrat, a global advisory firm, wrote that macro uncertainty could outweigh LFG's reserve purchases. "Following previous LFG purchases, we witnessed a rise in realized market cap as other [traders] followed LFG's lead," the firm wrote. "However, realized market cap has remained flat since this latest purchase,
Read More
On-chain Data Suggests Bitcoin Miners Were Behind The Selloff
On-chain shows Bitcoin miner outflows have been elevated recently, suggesting miners were involved in the recent selloff that took the price of the crypto below $42k. Bitcoin Miner Outflows Spiked Up Before The Crash Below $42k As pointed out by an analyst in a CryptoQuant post, BTC miners seem to have been
Read More
ApeCoin risks another massive selloff as APE drops 70% in two weeks — Here’s why
A euphoric price rally by ApeCoin (APE) seen in mid-March appears to be exhausted already thanks to the coin's 70% drop in valuation in the past two weeks — and it may fall further in April.At the core of this bearish outlook is a rising wedge, a technical pattern that
Read More
Zilliqa’s ‘metaverse’ debut pumps ZIL price 350% in just five days — selloff ahead?
Zilliqa (ZIL) continues its supersonic bull run this week after reports that it will officially launch a so-called metaverse-as-a-service (MaaS) platform in April.ZIL rallied nearly 25% in one day to $0.22 a token by Wednesday, its best level since May 13, 2021. Its strong move came as a part of a
Read More
Current Stretch Of Bitcoin Fear Surpasses 2021 Selloff
Data shows the current stretch of Bitcoin fear has surpassed that during the 2021 selloff as market continues to be extremely fearful. Bitcoin Fear And Greed Index Shows Market Sentiment Is Again Extremely Fearful This Week As per the latest weekly report from Arcane Research, sentiment among BTC investors has once again
Read More
Bitcoin risks final ‘bear market capitulation’ as rich investors continue BTC selloff — analyst
Bitcoin (BTC) could undergo one last bear market capitulation if "whales" — addresses that hold more than $1 million worth of Bitcoin — ramp up their selling pressure, according to on-chain analyst Willy Woo.Room for another Bitcoin drop?Woo assessed the average price at which short-term investors entered the Bitcoin market across
Read More