The Bitcoin price rebounded off the low of its current range and retraced its weekend losses. The cryptocurrency might climb back to the previously lost territory, but uncertainty is king in the current market conditions. As of this writing, Bitcoin is trading at $16,400. In the last 24 hours and last week, the price recorded…
The collapse of the crypto exchange FTX is causing a historic event in the Bitcoin market. Yesterday, on-chain data signaled the second wave of a Bitcoin miner capitulation in one cycle. Historically, miners have had a massive impact on the BTC price. The now heralded miner capitulation will put further selling pressure on the Bitcoin…
Polkadot (DOT), the 11th largest cryptocurrency with an overall valuation of nearly $6 billion, continues to keep its losses in this prevailing crypto winter to minimal levels. On November 8, despite the negative effects of the collapse of the FTX exchange platform, the digital asset managed to briefly surpass the psychological $7 marker, peaking at…
Bitcoin price extended its decline and tested the $16,000 support. BTC is forming a base and might soon rise above the $16,500 resistance zone. Bitcoin declined further and tested the $16,000 support zone. The price is trading below $16,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with…
If the first part of the above headline about Bitcoin price had your heart pumping, it might be time to reduce the amount of leverage you are using. No, we aren’t calling for BTC to reach a target of $1,000 – we are instead looking back and celebrating the nine-year anniversary of the first time…
A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last commented on Twitter on November 16. Parent company DCG last spoke out on November 18 via the social media platform. Investors, however, seem to take a rather positive view of the silence.…
Bitcoin returned to the bottom of its current range and might see further downside pressure in the coming days. The cryptocurrency is still recovering from the collapse of FTX, the former second major crypto exchange in the world, and the contagion unleashed in the sector. As of this writing, Bitcoin has recorded a spike in…
BCH (Bitcoin Cash) saw its chance to recover as the crypto market’s capitalization still hasn’t made that much recovery. After stalling for a few candles at or near its pre-FTX collapse price level, the Bitcoin hard fork continued its descent. CoinGecko reports that Bitcoin Cash has greens on the weekly and biweekly timelines, but reds…
BTC’s price holds above $16,000 price struggles to break above $17,000, creating more worry for many traders Price remains weak as bears battle bulls, as the price fails to break above $17,500 with so much uncertainty in the market Rejection from a low of $17,000 on the high timeframe noted, as price trades above $16,000…
After Bitcoin failed to sustainably overcome the important resistance at $16,600 within the last five days, the price saw a renewed pullback a few hours ago. A week ago, on November 21, the BTC price fell to a new bear market low of $15,480, after which the price saw a spike, which, however, came to…