Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend.Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels.The price must settle above the 100 hourly simple moving average to…
The events seen within the crypto market on March 12th – a day now known as “Black Thursday” – were extreme and have sparked a lasting shift in dynamics amongst Bitcoin investors.One of the most prominent changes brought about by this recent meltdown can be seen while looking at the balance of BTC on exchanges,…
BTC dominance – a metric that weighs the entire Bitcoin market cap against other crypto assets – has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight.The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator.BTC Dominance To Grow, Putting Sudden End To…
Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in this market cycle. And according to the tool, post-halving miner capitulation may have only just begun.Bitcoin Miners Are Capitulating Due To Post-Halving Production CostsAs a failsafe mechanism ensuring the long-term…
Bitcoin has seen an immense downturn over the past couple of days, declining from highs of over $9,800 to lows of $8,600 yesterday. This selloff came about after multiple consecutive rejections around $10,000.This turbulence was triggered by the recent reports of a 2009-era wallet moving 50 BTC, although there has not been any further activity…
Yesterday, Bitcoin price collapsed from a high of $9,300 to a low of $8,650 just ahead of an important weekly close.The selloff, according to data, was primarily driven by spot markets, specifically the popular cryptocurrency exchange Coinbase.Coinbase Users Lead Sunday Bitcoin Bloodbath Ahead of Weekly CloseStarting in the early hours of Sunday night, users of…
Signed messages claiming Craig Wright is a fraud were sent from 145 Bitcoin addresses Wright listed were his in the Tulip Trust. The addresses seemed to have belonged to an early Bitcoin miner and have prompted a slew of accusations against Wright from some of the industry’s most influential figures.Early Bitcoin Miner Calls Craig Wright…
Bitcoin price fell 9.9 percent last week to log its most significant decline since the second week of March 2020.The cryptocurrency rebounded higher in Europe and Asia session Monday after testing interim support near $8,750.The jump accompanied thin volume, raising the possibilities of a negative breakout ahead of June.Bitcoin was trading in positive territory this…
Bitcoin and traditional markets logged a synchronous rally after crashing almost in tandem in March 2020.But the recovery has not impressed a vast majority of global fund managers, according to a survey conducted by the Bank of America.Only 1 out of 10 fund managers believe that the U.S. economy will register a V-shaped recovery, putting…
Bitcoin may still be up 135% from March’s lows, but the cryptocurrency’s technical outlook is far from bearish.After peaking at $10,000 multiple times over the past month, showing BTC does not yet have the momentum to clear resistances, the cryptocurrency slid as low as $8,625 on Sunday evening in a move that liquidated approximately $20…