Bitcoin has observed a sharp rally above the $30,000 mark over the past day. Here’s how the 30-day price range may have foreshadowed this volatility. Bitcoin Had Earlier Compressed To A Tight 30-Day Price Range According to data from the on-chain analytics firm Glassnode, tight price ranges have historically preceded large moves in the cryptocurrency’s…
Bitcoin (BTC) has experienced a significant surge of over 10% in the last few days, leaving BTC bulls in euphoria. The largest cryptocurrency in the market has again become the center of attention, with investors expecting more upside movements soon. However, BTC recently stopped its uptrend and presented a minor pullback below the $30,000 level.…
Bitcoin, the cryptocurrency boasting the highest global market capitalization, has experienced an unexpected and significant surge, surpassing the crucial $30,000 threshold for the first time since April 19. This remarkable upswing has managed to captivate the attention of the esteemed trader, John Bollinger, who graciously shared his astute insights regarding Bitcoin’s current momentum. In his…
Meme season sensation Pepecoin (PEPE) has gained by 34.23% in the last day as the crypto market maintains its Bitcoin-fuelled recovery. According to data from CoinMarketCap, PEPE’s impressive price movement has allowed the token to emerge as the top gainer of the day, outperforming the likes of Conflux (CFX) and Stacks (STX) who have held…
On-chain data shows that Bitcoin whales have just had their most active hour in around three months as the asset has broken past $30,000. Bitcoin Whale Transaction Count Has Observed A Spike Recently According to data from the on-chain analytics firm Santiment, 259 whale transactions occurred two hours after the local top that the cryptocurrency…
In the often-polarizing universe of crypto, it isn’t often that an established Bitcoin maximalist or advocate publicly places a bet on a different coin. However, in a sudden turn of events, Crypto Rover, a crypto influencer and Bitcoin devotee, recently confirmed his substantial investment in XRP. The influencer did not only seem to boast its…
A few hours after Bitcoin scaled the $30,000 mark, the global crypto market has been rocked by substantial liquidations. The past 24 hours alone have seen a drastic exodus of more than $260 million from the crypto market. This significant upheaval underlines the high-stakes, volatile nature of digital currency trading. Notably, traders currently at a…
BlackRock’s filing for a Bitcoin spot ETF (iShares Bitcoin Trust) has breathed new life into the market and sparked a strong rally. The hope is that BlackRock will trigger a “Great Accumulation Race” around Bitcoin, fuelled by the fact that 69% of all investors have been unwilling to sell their Bitcoins for over a year,…
Core Scientific, a prominent Bitcoin mining company, has recently made headlines as it filed for Chapter 11 bankruptcy protection. The move comes as the crypto industry grapples with the enduring effects of the ongoing crypto winter, impacting various firms in the sector. Core Scientific’s decision to seek bankruptcy protection is part of its strategy to…
Bitcoin (BTC), the largest cryptocurrency in the market, has demonstrated a strong shift in investor sentiment. Over the past 24 hours, BTC has surged by an impressive 9%, currently trading at $29,300. However, Bitcoin still faces significant hurdles, with a resistance line placed at $29,500, as well as a key psychological level at $30,000 that…