Bitcoin’s price actions took a turn for the worse over the past hour or so as the asset plunged to its lowest position since September 10 in a sudden flash crash. The liquidations, which stood at roughly $600 million earlier today, spiked by another billion as a result. BREAKING: Over $1 billion worth of Bitcoin […]
Crypto markets spent most of the weekend flat but have taken a dip over the past few hours in the usual Monday morning retreat. All three US stock indices hit new all-time highs on Friday, driven by Fed rate cut optimism and tech sector strength. Market sentiment was also supported by positive vibes from the […]
The entire cryptocurrency market turned red on Monday morning after the relatively calm weekend trading, but the altcoins are leading the pack this time. At the same time, bitcoin has also retreated but in a more modest manner, which has increased its dominance over the market. Cryptocurrency Market Overview. Source: QuantifyCrypto The chart above demonstrates […]
TL;DR Bitcoin’s exchange supply ratio fell to 0.029, showing fewer coins available for trading on Binance. Perpetual open interest dropped from 395K BTC to 378K BTC after the Fed’s rate decision. Analysts track $116.7K and $113K as key levels as Bitcoin consolidates near yearly highs. Exchange Supply Ratio Declines on Binance Bitcoin’s Exchange Supply Ratio […]
Around 30,000 Bitcoin options contracts will expire on Friday, September 19, and they have a notional value of roughly $3.5 billion. This expiry event is pretty close to last week’s, so there is unlikely to be any impact on spot markets, which have moved higher this week. The US Federal Reserve’s first rate reduction of […]
Bitcoin long-term holders (LTHs) are now distributing BTC back into the market for the third time in the current cycle. Their current behavior could define the trajectory of the ongoing cycle. Repeat 2021-Style Cycle Top? In the 2021 cycle, long-term holders began their main distribution phase between November 2020 and March 2021. In the process, […]
Bitcoin prices have tapped $117,000 twice over the past couple of hours as the asset reached its highest level since August 23, almost four weeks ago. BTC gained 1.5% on the day, and almost 5% on the week, but had retreated slightly to $116,600 at the time of writing on Wednesday morning in Asia. The […]
Bitcoin briefly climbed $116K on Monday before retracing its steps back near $115K. But Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, says investors should stop obsessing over BTC’s short-term price movements and instead focus on the broader forces that he believes will drive the cryptocurrency to record levels. Liquidity Flood Ahead? In a […]
Bitcoin continues to trade with renewed strength, supported by a decisive rebound from demand zones and a confirmed market structure shift. While momentum remains bullish, traders should remain mindful of potential pullbacks into key support zones before continuation higher. Technical Analysis By Shayan The Daily Chart On the daily timeframe, BTC recently staged a strong […]
After a brief hiatus, Ripple’s native token has returned to the top 100 global assets by market cap as its own has jumped to roughly $185 billion. At the same time, bitcoin has lost some ground to silver, and it’s currently in the 8th position. Ripple Is Back CryptoPotato reported back on August 23 that […]