Bitcoin (BTC), which was trading nearly 300 bucks around the $69,000 level at the time of this writing, has recorded readings from multiple on-chain indicators that often precede major trend changes, including weakening derivative momentum and falling short-term holder capital. The signals have come at a time when the flagship cryptocurrency is struggling to hold […]
After a day of more fluctuations prompted by the quickly developing situation in the Middle East, bitcoin’s price aimed at $70,000 minutes ago as Trump addressed the war and the Strait of Hormuz. His words sent shockwaves through other financial fields as well, especially with oil, as the CFDs on WTI Crude Oil plunged to […]
Although it remains the preferred safe-haven asset in times of exponentially increasing uncertainty, gold has seen a fair share of investor exodus, which was solidified by the largest US ETF tracking its performance last week. At the same time, BTC-related funds ended the same week in the green, albeit Thursday and Friday were deep in […]
Bitcoin remains trapped in a broader corrective structure, but the price action is starting to stabilize after defending the $60,000 demand region. The daily chart still leans cautiously as BTC trades below the major moving averages and beneath the descending resistance trendline. That leaves the cryptocurrency at an important crossroads, where a push higher could […]
Bitcoin’s impressive price surge to $74,000 earlier this week came to a somewhat expected halt, and the asset has lost $6,000 since then, dropping to and under $68,000 today. The latest price slip came after the US jobs report that came out on Friday and Trump’s new set of threats against Iran and Cuba. The […]
Around 31,700 Bitcoin options contracts will expire on Friday, Mar. 6, with a notional value of roughly $2.2 billion. This event is much smaller than last week’s, so there is unlikely to be any impact on spot markets. Crypto markets have seen a little daylight this week, with around $150 billion added to total market […]
Bitcoin’s price moves took a massive turn for the better in the past 24 hours, as the asset finally broke above the coveted $70,000 resistance and tapped a new monthly peak at $74,000. In this article, we will review some potential reasons behind this rally and outline the next price targets for the cryptocurrency, according […]
Bitcoin’s price went through some intense volatility in the past week or so, especially since the attacks between Israel and the USA on one side, and Iran, on the other began on Saturday morning. Within this timeframe, the asset tried to reclaim the coveted $70,000 level on a couple of occasions, but to no avail. […]
Bitcoin’s 50% decline from all-time highs in just four months comes at a time when global liquidity has increased, which counters the common premise that the price follows liquidity. “The divergence is striking, and it demands explanation,” said Chris Tipper, chief economist and strategist at the Ainslie Group. Global liquidity has climbed around $5 trillion since […]
Bitcoin prices reached $70,125 in late Monday trading on Coinbase, according to TradingView. However, it hit resistance there as it did on Feb. 25 and had pulled back slightly to trade at $68,000 at the time of writing during the Tuesday morning Asian trading session. There has been an “insane reversal in the markets,” observed crypto […]