Bitcoin settled below the $21,000 support zone against the US Dollar. BTC is showing bearish signs and remains at a risk of a major breakdown below $20,000. Bitcoin struggled to correct higher and stayed below the $21,000 resistance zone. The price is now trading below $20,750 and the 100 hourly simple moving average. There is…
Bitcoin price plunged close to 8% over the past day owing to the high Consumer Price Index report. The prices of most altcoins fell on their respective charts after the CPI showed a 0.1% increase in August, which has now taken the unadjusted value to 8.3%. The annual increase was expected to be 8.1%. Over…
Dave the Wave, the analyst who accurately foretold the collapse of Bitcoin in 2021, is back with another market forecast. The prominent crypto trader shared some charts on a Twitter Thread this Monday. Dave claims that the world’s foremost cryptocurrency is about to flip bullish, judging from previous cycles. The pseudonymous crypto analyst took to…
The outflows from bitcoin ETFs in the last couple of months suggested strong bearish sentiment among institutional investors. However, there seemed to be a change in the tide last week when a remarkable inflow trend was recorded over a three-day period. These inflows into the BTC ETFs that provide long exposure showed that investors were…
The world’s foremost cryptocurrency, Bitcoin, has had an eventful week as it briefly hit the $22,500 benchmark on Friday. The crypto has been having a hard time for the past month, trading below $20,000. Detractors even went so far as to predict a $12,000 drop for the token amid the broader market’s bearish turn. Yet…
Tony Spilotro I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping…
Over the last 24 hours, a substantial amount has been wiped off the crypto market. Billions of dollars were taken off the market cap as cryptocurrencies such as bitcoin lost about 10% of their value in the same time period. Following this, Charles Hoskinson, founder of the Cardano network, has shared his thoughts on what…
Data shows the Bitcoin spot trading volume has shot up recently, and has created a new high for the year 2022 so far. Bitcoin Spot Trading Volume Observes Sharp Uptrend As per the latest weekly report from Arcane Research, the 7-day average BTC volume has now hit a new yearly high of around $11.4 billion.…
A Uniswap (UNI) recent market downturn has forced UNI’s trading range to shrink significantly. During the bull market in July, UNI jumped by more than 60 percent in just over two days, prompting the subsequent fall. After this price increase, the weeks that followed showed a reversal pattern known as a “head and shoulders,” which…
Bitcoin started a sharp downside correction below the $22,000 level against the US Dollar. BTC must stay above the $20,000 support to avoid more losses. Bitcoin failed to clear $22,750 and started a sharp downward move. The price is now trading below $21,000 and the 100 hourly simple moving average. There was a break below…