Data shows the crypto market has been deep into fear recently as the price of Bitcoin has struggled, but sentiment is still not inside extreme fear. Crypto Fear And Greed Index Shows Investors Are Fearful Right Now According to the latest weekly report from Arcane Research, the crypto market sentiment has remained stable in deep…
Large institutional investors have since been turning their attention to shorter-term investments. This tracks with retail sentiment following the price decline of bitcoin from the $30,000 territory. This has put the digital asset in a perilous position, and despite the recent recovery that saw BTC touch $25,000, bearish sentiment continues to be the order of…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are once again looking at the Bitcoin price monthly chart as well as the monthly chart on Ethereum, and major stock market indexes that have a high correlation with crypto. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 31, 2022…
Bitcoin has been moving sideways over the past week in a tight range, but the cryptocurrency might experience volatility as bulls and bears fight over the monthly candle close. The benchmark has been unable to recover its gains from last week and continues to trade in the red over high timeframes. At the time of…
The crypto market started climbing downhill after the Federal Reserve August 26 meeting many coins plummeted, including the top two, Bitcoin and Ethereum. As of August 28 and 29, ETH was losing and trading in the reds. But it seems everything is bouncing back to normal. Ethereum started an uphill climb at the close of…
The volatility of cryptocurrency and Bitcoin has continued to be a strong force determining its profitability and investment attraction. The severe crypto winter in the first half of 2022 several crippled tokens and crypto-related products and services. Also, the collapse of the Terra-LUNA ecosystem intensified the devastating impact. Though the second half of the year…
Bitcoin is consolidating near the $20,000 zone against the US Dollar. BTC could start a decent recovery wave if it clears the $20,550 resistance zone. Bitcoin is showing a few positive signs above the $20,000 resistance. The price is now trading above the $20,000 level and the 100 hourly simple moving average. There is a…
Bitcoin, a proof-of-work (PoW) blockchain, depends on its mining process to ensure the security and stability of its network. This involves the activities of miners that utilize special mining machines and electricity to operate Bitcoin nodes. Over the years, mining attracted different miners when BTC prices were high. However, the BTC mining difficulty and the…
Bitcoin price over the last 24 hours moved south on its four-hour chart. Very recently Bitcoin had rose above the $20,000 price mark but the bears failed to hold the asset at that price mark. In the last 24 hours, the coin was mostly consolidating on its chart. In the past week, BTC fell by…
The raging inflation and the Federal Reserve’s approach to fighting it have seemingly affected the crypto market negatively. The first sell-off trend started when the Feds announced an interest rate hike in July 2022. Even though the Terra Luna crash worsened the situation, the market was already on the brink of collapse. Many people panicked…