Monday has started on the wrong foot for bitcoin and the entire crypto market as the primary digital asset plummeted from over $64,000 to a new multi-week low of under $62,500. Although the liquidations on a daily scale are still relatively low of just over $130 million, the total amount of wrecked traders has risen […]
Bitcoin’s price has been trapped within a tight range after its drop from $70,000. However, this prolonged market downturn has failed to deter investors from stacking up the world’s largest digital asset. One such whale, known for strategically selling at price highs, has now bought $395 million worth of BTC. First Bitcoin Purchase After 1.5 […]
Bitcoin’s price has been trapped within a range below $70,000 for quite some time now. Attempts to surpass this level have been brief and unsuccessful as the digital asset failed to maintain the upward momentum. Interestingly, new research revealed that the retail crowd is not here yet. Bitcoin Retail Crowd Not Here Yet According to […]
Bitcoin fell to a monthly low of $65,000 on June 14 and is currently down around 5% since the same time last week. However, zooming out to view the bigger picture shows that the asset is still consolidating where it has been since early March. “Bitcoin very rarely goes this quiet,” commented analyst James Check […]
TL;DR Donald Trump promises to support Bitcoin and crypto mining if elected, which could result in surging BTC prices (according to ChatGPT). Broader economic conditions, such as inflation and Federal Reserve policies, might also significantly influence the asset’s future valuation. What Are BTC’s Chances? The US presidential elections, scheduled for November this year, are supposed […]
Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has failed to hold above the $66K level and is currently going through a correction. […]
The spot Bitcoin ETFs started the current business week negatively, ending their longest streak in terms of inflows on Monday. However, the tides have changed once again, perhaps due to the promising US CPI numbers that came out yesterday. CryptoPotato reported last Friday that these financial vehicles had recorded their 19th consecutive days of positive […]
Despite hints of waning hype, the US spot Bitcoin ETFs, including GBTC, had a strong start to June. During the first week alone, these ETFs collectively purchased 25,729 BTC. Data also shows that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and 65,456 in March. April, on the other hand, […]
Bitcoin’s price tried to take down the coveted $70,000 level last night but was violently rejected and pushed back down by over two grand in an hour or so. The altcoins have also turned red, triggering an $80 billion loss to the total crypto market cap. The total value of liquidated positions has risen to […]
All eyes are on Wednesday, June 12, which is the date of the U.S. central bank’s policy decision on interest rates. However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May. Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a […]