Bitcoin seems on the verge of re-testing previous support levels. The number one cryptocurrency has been experiencing a persistent downside which took it to a multi-year low of around $17,000. Related Reading | Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K Bitcoin has been trying to reclaim previously lost territory, but the…
Data shows the crypto market has been observing extreme fear for two months now, leaving investors in panic as Bitcoin has crashed to $20k. Crypto Fear And Greed Index Is Still Pointing To “Extreme Fear” As per the latest weekly report from Arcane Research, the cryptocurrency market has now been facing extreme fear for two…
Bitcoin mining profitability has been dropping along with the market decline. The cash flow from the mining rigs has become increasingly stunted over time, causing bitcoin miners to begin selling their holdings to cover the cost of their operations. But even as this rages on, there is a bigger issue that could threaten the recovery…
After a weekend in which Bitcoin (BTC) experienced realized losses to the tune of $7.3 billion, the largest cryptocurrency has erased all weekend losses and is up over 8 percent to $21,206 in the last 24 hours. Bitcoin has risen almost 22 percent since Saturday’s low of $17,592, and is currently trading around $21,000. The BTC price…
Bitcoin struggled above the $21,500 resistance zone against the US Dollar. BTC is trimming gains and might find support near the 100 hourly SMA. Bitcoin climbed above the $21,500 level before it faced sellers. The price is now above the $20,000 level and the 100 hourly simple moving average. There was a break below a…
The advantages of holding bitcoin over gold have been publicized and debated countless times. These two digital assets, one a physical asset and the other referred to as the “digital gold”, have both gone head-to-head when it comes to which one is the better store of value. As the bitcoin crash raged on last week,…
Bitcoin is experiencing price relief in lower timeframes after the crypto market crashed to its 2020 levels. This pushed the cryptocurrency to a yearly low of $17,500, a 75% drop from its all-time high, and Ethereum to $870 an 82% drop from its all-time high. Related Reading | TA: Ethereum Could Rally If The Bulls Clear…
The price of bitcoin has made a remarkable recovery above $20,000 after a brutal week riddled with crashes. These dips had driven decentralized finance (DeF)/ lending protocol Celsius, to the brink of liquidation. However, as the price has recovered, the platform is once again able to hold out for longer as its liquidation point is…
On-chain data shows Bitcoin long-term holder SOPR has reached the deepest value since 2019, suggesting this cohort has been realizing some heavy losses recently. Bitcoin Long-Term Holder SOPR Continues To Trend Down As pointed out by an analyst in a CryptoQuant post, BTC long-term holders are currently realizing the largest amount of losses since 2019.…
Bitcoin reached a new 18-month low of $17.5K on Sunday before quickly recovering above $20K in the hours that followed, providing some breather to the heavily stressed out bear market. According to data from CoinMarketCap, Bitcoin has rebounded by little over 15 percent in the last 24 hours, rising from its new disappointing low to…