After the Bitcoin price crash last week, on-chain data reveals a picture that points to a “top-heavy” price. Glassnode’s latest insights shed light on the current market dynamics, where a significant chunk of the BTC spot supply finds itself with a cost basis either near or surpassing the prevailing price. “Here we see that 12.8%…
Bitcoin price is struggling to recover above the $26,500 level. BTC could gain bearish momentum if there is a move below the $25,600 support. Bitcoin is struggling to recover above the $26,500 resistance zone. The price is trading below $26,400 and the 100 hourly Simple moving average. There was a break below a connecting bullish…
Bitcoin price just experienced one of its fastest and sharpest corrections in over a year, dropping 10% in a matter of minutes. The mass liquidations and panic from the selloff caused BTCUSD daily charts to reach the most oversold level since the COVID crash in early 2020. BTC Panic-Selling Reaches Extremes Not Seen Since COVID…
Bitcoin is forming a pattern that has historically led to the asset retesting a specific line. At present, this level would be found at $20,500. Bitcoin Has Dropped Below The 200-Day SMA With The Recent Crash A few days back, Bitcoin observed a sharp crash that took the cryptocurrency’s price toward the $26,000 mark. As…
On August 18, a solo miner managed to solve block 803,821, securing a remarkable 6.25 Bitcoin block reward valued at $160,000. This is a very rare event as lone miners have a lower chance of mining a block due to the increase in mining difficulty and this solo miner became the 277th solo miner in…
XRP, the cryptocurrency associated with Ripple, faced a tumultuous ride in recent weeks as its price witnessed a significant downturn. However, an interesting turn of events has unfolded as the coin found solace at a crucial support trendline coinciding with the psychological level of $0.5. This fortuitous alignment has offered XRP bulls a potential launching…
Binance Coin (BNB) faced a weekend of market indecision, leading the altcoin into a range-trading scenario. The coin, which had dropped below the $220 mark on August 18, experienced fluctuations between the narrow range of $213 to $220 over the course of the weekend. As of the latest update, CoinGecko reported the current BNB price…
In the wake of the recent crash in Bitcoin’s price, analysts have been rife with speculation about the market’s next steps. The BTC price briefly dipped to a low of $24,800 last week, and with the Bitcoin fear and greed index plunging from neutral to 38 (indicating fear), market sentiment is palpable. Renowned analyst Rekt…
Bitcoin price is consolidating losses below the $26,500 level. BTC is showing bearish signs and remains at risk of a fresh decline toward $25,000. Bitcoin is struggling to recover above the $26,600 resistance zone. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming…
Bitcoin Ordinals, once the shining star of the NFT world, is experiencing a significant downturn in both sales volume and transactions, igniting discussions about the lasting appeal of these digital collectibles. According to a recent report from DappRadar, the fervor that propelled Bitcoin Ordinals to record-breaking heights earlier this year has dwindled, with sales volume…