Bitcoin price extended its decline and spiked below $30,000. BTC is showing a few bearish signs and might extend its decline toward the $28,400 support zone. Bitcoin is moving lower below the $30,500 support zone. The price is trading below $30,300 and the 100 hourly Simple moving average. There was a break below a key…
Institutional interest in cryptocurrencies such as Bitcoin has been increasing in the past few months, with mainstream interest in the cryptocurrency industry. As a result, the largest crypto, Bitcoin, exploded in the first half of 2023, as its trading volume on various exchanges crossed $4.2 trillion. Bitcoin Sees Highest Trading Volume In March According to…
According to the latest report by Hashrate Index, a website for Bitcoin mining data and metrics, the UAE is now becoming a growing destination for Bitcoin miners, especially in the Middle East. Bitcoin Miners Look For Greener Pastures Bitcoin miners have faced issues in popular Bitcoin mining countries like China and Kazakhstan in recent years.…
According to recent hedge fund Ark Invest data, a historical amount of the Bitcoin supply has remained dormant for at least a year, with roughly 70% of the circulating supply unmoved in June 2023. Despite looming economic uncertainty, this dynamic occurs alongside a surge in institutional interest in the cryptocurrency. In June, several factors contributed…
According to court filings, cryptocurrency exchange, Bittrex, has been accused by Florida’s financial regulator of violating several laws within the state. These violations allegedly occurred prior to Bittrex Inc. filing for Chapter 11 in May. Bittrex had made a request for an Automatic Stay, which would impede certain creditors from pursuing or continuing legal actions…
Many traders and technicians closely follow the well-known “Golden Cross” moving average crossover in key liquid markets such as Bitcoin, Gold, and the Nasdaq 100 Index among others. Today, however, we’ll examine an under-the-radar Bitcoin moving average crossover which looks imminent. Using Bitcoin’s reliable data from 2011 through today, let’s find out if this lesser…
On-chain data shows that the Bitcoin exchange supply has only continued to decline despite the recent rally that the asset has observed. Bitcoin Exchange Supply Continues To Register Net Decline According to data from the on-chain analytics firm Glassnode, exchanges have continued to see withdrawals recently. The indicator of interest here is the “exchange balance,”…
Bitcoin Cash (BCH) is captivating the attention of the crypto community with its ongoing price surge. The recent inclusion of BCH on EDX, a Citadel Securities-backed crypto exchange, has sparked fresh interest in this digital asset. As investors eagerly monitor its progress, the price of BCH on CoinGecko stands at $291.80, showcasing a 24-hour rally…
Bitcoin price failed to settle above $31,000 and corrected lower. BTC could continue to move down toward the $30,000 support zone. Bitcoin is correcting gains from the $31,000 and $31,250 resistance levels. The price is trading below $30,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line…
In recent months, the crypto markets have witnessed significant turbulence leading to the lowest quarterly trade volume since 2020. Amid varying economic factors, a bearish perception of investors toward cryptocurrencies and the broader economic climate reflects a dynamic yet challenging landscape. Kaiko, a crypto market data provider, shed light on this development alongside various key…