TL;DR Bitcoin fell below $55,000, now at $54,200, potentially influenced by several elements. The market crash led to $670 million in liquidations, with the largest liquidated order happening on crypto exchange Binance. The primary cryptocurrency continues its freefall, dipping under the $54,000 mark today (July 5). Currently, it trades at around $54,200 (per CoinGecko’s data), […]
Bitcoin’s price continues bleeding out. The cryptocurrency is now down almost 12% over the past week, losing 7.5% of that in the past 24 hours alone. As seen in the chart, the bulls have been able to find no relief during the past couple of days, which saw BTC drop to a low of around […]
Bitcoin’s price tumbled below $60K today, rendering the entire move up toward $63K from earlier – a bull trap. At the time of this writing, BTC trades at around $58.8K but it reached a low of about $57,800 earlier. Source: TradingView This puts Bitcoin on a decline of 3.7% for the past 24 hours and […]
On June 28, the American venture capitalist said that he wasn’t sure that BTC prices would go up that dramatically from here, in an interview with CNBC. The bearish outlook stems from his view that Bitcoin has yet to fulfill itself as a cypherpunk, crypto-anarchist, and libertarian financial freedom tool. He said that this vision […]
The month of June was a tumultuous one for the Bitcoin price as it brought quite a lot of volatility. Unfortunately, the price action was resolved to the downside, and the bears managed to push it down by 7.12%. Will July be different? Bitcoin Price Bullish in July With June behind our backs, it’s worth […]
Bitcoin’s price is experiencing a downtrend at the moment, as it has failed to continue its rally above $70K. This begs the question if the bull market has come to a halt or if that’s just a temporary correction. Technical Analysis By TradingRage The Daily Chart As the daily chart demonstrates, Bitcoin’s price has failed […]
Bitcoin sustained a more than 6% decline over the past week. The back-to-back corrections temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled around $61,500, causing concern among investors about further losses. This is especially true as the US government transferred 3,940 BTC to Coinbase Prime […]
According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 […]
According to data shared by Lookonchain, the German government has transferred an additional 750 BTC, valued at approximately $46.35 million. Around $15.41 million or 250 BTC of this amount was sent to crypto exchanges Bitstamp and Kraken. Despite these transfers, the entity still maintains a significant Bitcoin reserve, currently holding 45,609 BTC, which has an […]
Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst […]