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Trading at $48,747 with a 1.1% profit in the past day, Bitcoin remains rangebound. The first crypto by market cap has been unable to break from the $45,500 to $49,500 channel in the last 7-days, but a combination of factors could increase volatility soon. BTC moving sideways in the 4-hour chart.
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Bitcoin (BTC) stayed rangebound after hitting ten-day highs on Dec. 22 amid fresh warnings over market "complacency."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHow about a new year squeeze?Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated after coming within $400 of $50,000 overnight.Bulls were up against a significant
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Bitcoin has been trending to the downside in the past weeks as investors grew more nervous about the macro-economic outlook. As of press time, BTC trades at $49,072 with a 2% profit in the past day. Related Reading | Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity BTC trends to
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Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this cooling alternative will become mainstream in the future, as leading companies are already taking advantage and retrofitting these cooling devices
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While bitcoin and the broader crypto market appear to be in stasis at press time, FXS, a governance token of a lesser-known fractional algorithmic stablecoin protocol Frax, has jumped 80% in 24-hour. You read it right; in a single day, the token has gained nearly twice more than what bitcoin
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After what seems like a thousand years of stability and a slight downtrend, bitcoin is back. Volatility is wreaking havoc. Trading volume seems to be picking up steam. And, more importantly, the community’s morale is climbing up. In any case, what do the data and the on-chain analysis say? Are
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Data shows that on Monday crowded Bitcoin shorts have lead to the largest recorded squeeze in the history of the cryptocurrency. Bitcoin Records Largest Short Squeeze Ever As per an Arcane Research report, BTC has recorded the largest squeeze in its history where $750 million worth of shorts have been liquidated. Here is
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The price of Bitcoin has surged more than 10% over just a few hours earlier today, with prices quickly surging from roughly $35,000 to tag just shy of $40,000 on July 26.Price action shows a violent short squeeze that occurred as prices broke above $35,000, with bullish momentum suddenly accelerating
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May 19's price crash in the Bitcoin (BTC) spot market wiped about $7.56 billion worth of long-leveraged positions from cryptocurrency derivatives markets.Leveraged bullish investors winded up around $7.5 billion in longs on May 19. Source: BybtThe event marked the biggest bullish leverage wipeout since March 2020. Retail and institutional investors
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