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Order books, essentially the list of orders that a trading outlet implements to show the interest of buyers and sellers, show considerable buyer interest in the $30,000 region on large exchanges Coinbase and Binance.There is 5,000 Bitcoin (BTC) sat ready to purchase down to a $30,000 price, and another 7,000 BTC
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Bitcoin (BTC) fell immediately on the latest United States consumer price index (CPI) data Feb. 10 in a surprise move that deflated bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSpot the Bitcoin bear trapData from Cryptox Markets Pro and TradingView tracked BTC/USD as it dropped $1,800 after January's CPI print came in
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Bitcoin (BTC) fell on the Wall Street open on Feb. 2 as another tech stock rout panicked traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: "Macro FUD is driving all" Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dipped below $38,000 as Wall Street began, giving back half of the
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In a relatively young industry with rising competition, expansion is one of the keys for miners to remain profitable. However, with limited access to capital, M&A will likely become more pronounced among cash-strapped miners to fund their growth or production goals. And miners that have orders for new machines but
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As late as November, when bitcoin surged to an all-time-high price of $69,000, some traders hoped the $100,000 psychological milestone might be reached in 2021. Now, at the current price of around $36,000, bitcoin would have to nearly triple to hit $100K. Source
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Cryptocurrencies are deep in the red this year after industry market capitalization plummeted to $1.6 trillion as of Monday from $2.3 trillion at the start of 2022, a decline of about 30% in just over three weeks.According to data from CoinGecko, nearly $700 billion of value has been erased when
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Cryptocurrencies are getting rekt.Crypto bluechips bitcoin and ether breached key $40,000 and $3,000 support levels late Thursday evening, sending the broader altcoin market into freefall.According to data from CoinGecko, the total market cap of the cryptocurrency industry fell 11% to $1.9 trillion as of Friday afternoon during U.S. trading hours,
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Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend.Intraday oversold signals were not enough to sustain bids, which means longer-term indicators are more reliable to determine bitcoin’s price direction.BTC was trading around $38,000 at press time and is down about 10% over the
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Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTCUpdated Jan 21, 2022 at 4:11 a.m. UTCBitcoin's price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index) Original Source
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Bitcoin miners are still generating healthy profits, despite the sharp sell-off in crypto prices and an increase in the network hashrate, Wall Street investment firm D.A. Davidson’s analyst wrote on Tuesday.“Since the late-October peak, hash price ($/TH/day) has fallen from over $0.40 to just $0.22 today yet gross margins remain
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