Bitcoin has been in a downtrend since the beginning of June, struggling to gain upward momentum despite positive ETF inflows. The Bitcoin price fell below the $60,000 psychological mark on July 3, threatening to prolong the current price consolidation as Mt. Gox potentially starts releasing $9 billion worth of BTC. Bitcoin fell 4.2% in the 24…
Read more
Bitcoin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC. If the price of Bitcoin reaches $72,000, it would act as a “fuse,” triggering the breakthrough of the $75,000 psychological barrier. Bitcoin hitting $72,000 would spark a wave of mass liquidations, paving the way to new…
Read more
Memecoins are underperforming Bitcoin today, which could be a sign that traders will pay more attention to BTC’s post-halving recovery. Memecoins like Dogecoin , Shiba Inu and Pepe are among the cryptocurrencies underperforming the market on May 6, highlighting a diversion from the momentum that drove the sector higher last week. Data from CoinGecko shows that…
Read more
Bitcoin’s current price action is “hardly a surprise,” given the extraordinary bullish action leading up to the fourth halving. Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred…
Read more
Bitcoin’s price whipsaws align with global conflict and macroeconomic concerns, but data shows investors’ halving expectations positively impacting BTC price. witnessed a sharp 6% drop on April 19, falling to a low of $59,640 in the early hours, before quickly recovering to secure support above $64,500. This rebound was driven by the optimism surrounding the…
Read more
The rewards for mining Bitcoin are about to be chopped in half for miners in a scheduled event called “the halving.” This anti-inflationary measure is predicted to occur on or about April 17, 2024. Though it won’t be the first such halving event, the crypto world is poised to enter the unknown, as recent all-time…
Read more
Bitcoin price is down today as a swift reversal in market sentiment triggered a wave of liquidations. Bitcoin price dropped to an intra-day low at$62,570 on March 22, less before the much-awaited Bitcoin halving event. The bullish momentum that propelled BTC toward a new all-time high of $73,835 on March 14 seems to be waning as the price…
Read more
Key Points: JPMorgan believes that the Bitcoin price retreat will continue as long as the risks persist. Outflows from 10-spot Bitcoin ETFs have reached a peak since their inception. Despite recent record highs, retail trader enthusiasm for Bitcoin appears to be waning. Bitcoin, the world’s largest cryptocurrency, has seen a significant pullback, declining over 10%…
Read more
Bitcoin price might fail to top $70,000 before the April 2024 supply halving, but the longer-term projection looks positive. For investors, turning bullish on Bitcoin is tempting, especially after a 91% rally to $52,000 in just four months ending on Feb. 15. Bitcoin’s current $1 trillion valuation places it among the world’s top 10 tradable…
Read more
Bitcoin price abruptly dropped under $40,000. Godleak explains what is behind the price drop. Bitcoin cost fell beneath $40,000 interestingly since Dec. 3, 2023, as GBTC-connected offering of BTC at Coinbase proceeds to adversely influence financial backer opinion all through the crypto market. Bitcoin BTC fell quickly from a cost of $41,553 on Jan. 22,…
Read more
