Data shows the net amount of losses being realized in the Bitcoin market is going down, but nonetheless remains at a high value. Bitcoin Net Realized Profit/Loss Still Has A Pretty Negative Value As per the latest weekly report from Glassnode, the net loss realization has reduced a bit recently, but the market is not…
The decline in the price of bitcoin following the rally has unearthed some underlying weaknesses that were not easily seen before. The run-up and eventual rundown from $25,000 have shown that retail investors are not as moved by the market as expected. Even now, transaction volumes for retail investors remain muted, indicating that the burnout…
Many investors picked interest in Bitcoin, believing it could be a hedge against inflation. According to an analyst at D.A Davidson, Chris Brendler, BTC could become a hedge because it is decentralized and not a product of a central bank. These opinions and expectations led many people to accumulate large quantities of BTC coins. But…
The International Monetary Fund (IMF) published a study on the spike in positive correlation with Bitcoin (BTC), Ethereum (ETH), and Asian equities. The financial organization claims digital assets began an accelerated integration with the region during the pandemic as more people traded them looking to generate yield. From 2020 to its all-time high in 2021,…
Bitcoin found support near $20,750 against the US Dollar. BTC is correcting gains, but it is facing resistance near $21,500 and the 100 hourly SMA. Bitcoin found support near the $20,750 after a strong decline. The price is now trading below the $21,500 level and the 100 hourly simple moving average. There was a break…
Bitcoin had been able to break out of its red streak earlier in the year after making 11 consecutive red weekly closes. With the market recovery, the digital asset had begun to return some green weekly closes. That is until the market correction, and bitcoin lost about $4,000 off the top of its value. This…
On-chain data shows the Bitcoin MVRV triple ribbon has once again formed a signal that has lead to an average of 30% decline during previous instances this year. Bitcoin MVRV Triple Ribbon Shows Bearish Signal Formation As pointed out by an analyst in a CryptoQuant post, the latest trend in the BTC MVRV triple ribbon…
The crypto market has seen over today’s trading session as large cryptocurrencies retrace as much as 20% during the weekend. The near term seems likely to trend to the downside, at least until the end of the week, according to a group of experts. At the time of writing, the crypto total market broke below…
Bitcoin has been trading in the red over the past few days and seems on track for further losses over the short term. The cryptocurrency gave back a large portion of its profits since the start of August and could re-test support at around $20,000. At the time of writing, Bitcoin (BTC) trades at $21,200…
Bitcoin and other cryptocurrencies in the market have seen the most prolonged bearish price movement since 2017 and 2018. According to data, the general crypto market has lost $2 trillion since the massive rally of 2021. But even with the occasional spikes these months, crypto prices fluctuate more towards the red lines. For instance, Bitcoin…