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Bitcoin Long-term Holders Drive Profit-taking Spree, But Funding Rates Signal Market Stability: Bitfinex

Bitcoin’s rally past the $100,000 threshold was short-lived, as the leading cryptocurrency came tumbling below the level barely 24 hours later. This 14% correction within the past week was driven by market participants, especially long-term holders (LTHs), taking profits. According to a Bitfinex Alpha report, on-chain metrics like realized profit and perpetual futures funding rates […]

Massive Bitcoin Price Crash, Ripple Dumped Below $2, and More: Bits Recap Dec 10

TL;DR Bitcoin dropped from $100K to $94,300 before recovering to $96,800. Despite MicroStrategy’s major BTC purchase, $1.4 billion was liquidated across the market. Ripple’s XRP slumped below $2 at one point, but analysts remain bullish. Some predict a market cap rise to $270 billion. Shiba Inu plunged 25% despite Shibarium reaching 2M wallets and a […]

Santa Rally for Bitcoin Price This December? 5 Big BTC Supports

Is this December a good time to buy Bitcoin? Some say there’s no gift like the present, especially during the year-end holiday season. Because that’s when equities and cryptocurrencies historically deliver most of their positive yearly returns. “A Santa Claus rally is the sustained increase in the stock market that occurs around the Christmas holiday […]

Bitcoin Recovers From Leverage-Induced Flash Crash Below $93K

Bitcoin prices dumped to $92,980 during late trading on Dec. 5. The move follows an all-time high earlier the same day when the asset came just short of $104,000 on Coinbase. The 10% flash crash wiped around $10,000 off the price of BTC as another leverage-induced liquidation event occurred. BREAKING: #Bitcoin briefly falls -$8,000 in […]

Bitcoin Plunges to $98K Amid Heightened Volatility

It’s been a rollercoaster of a day for Bitcoin. Its price reached a historic all-time high above $100,000 earlier, followed by a plunge toward $98,000 moments ago. As CryptoPotato reported earlier, the move above $100K followed Donald Trump’s decision to make Paul Atkins the new Chairman of the United States Securities and Exchange Commission. In the words […]

Total Crypto Market Cap Tops $3.8 Trillion in Record High

Total crypto market cap has reached an all-time high of $3.83 trillion following a 2.7% rise on the day, according to Coingecko. Digital asset market momentum has largely been driven by Donald Trump’s presidential election victory and the promise of a pro-crypto regulatory landscape in the United States. Since election day on Nov. 5, almost […]

Bitcoin Blasts Through $103,000 After Trump’s Pro-Crypto Pick for SEC

Bitcoin prices surged to a record high of $103,630 during early trading in Asia on Thursday, Dec. 5, according to Tradingview on Binance. The breakout of consolidation added more than 7% over the past 12 hours as the asset climbed from an intraday low of around $95,000. Bitcoin has now made a whopping 140% year […]