Initially the crypto market started the day on not so good terms, but one currency that has been holding on to its bullish momentum is Bitcoin. While the King currency is holding on to its $23,000, it suggests that investors are still positive on Bitcoin. This has resulted in the global crypto market moving past...Read More
With the crypto space witnessing some relief from the bearish trend, the Bitcoin miners quickly started accumulating. This amplified the price smashed above $21,000 and also reached close to $21,500. However, the price is facing a minor pullback at the moment which is considered a minor correction, but some on-chain data shows that the miners...Read More
The pioneering cryptocurrency, Bitcoin, has recently broken through the $18,800 mark after struggling to move beyond $17,000. This bullish trend has affected the entire crypto market, as most of the major cryptocurrencies are currently controlled by bulls. Additionally, the global crypto market capitalization has risen by 2.87% in the last 24 hours, and is currently...Read More
The crypto space is curiously waiting for the Consumer Price Index (CPI) data which is scheduled to be released today, Jan 12 2023. The crypto market sentiment ahead of CPI release seems to be quite positive as the world’s largest cryptocurrency by market cap, Bitcoin has surged beyond $18,000 levels. Bitcoin price rally has influenced...Read More
Bitcoin price is constantly trying to jump beyond the crucial renaissance very close to $17,000 but facing major turbulence in slicing through $16,900. Meanwhile, the altcoins are also facing much heat as the bearish cartel has strengthened its roots at the moment. Besides the speculations of the bear market reaching the climax are hovering within...Read More
After maintaining a notable upswing during the previous day’s trade, the Bitcoin price corrects itself slightly by dropping by more than 4%. While the trading volume remains relatively high, the possibility of mounted selling pressure over the token since the early training hours. However, a popular crypto analyst, Micheal van de Poppe, in his new...Read More
In November, the U.S. consumer price index (CPI) rose 0.1% from the previous month, slower than the 0.4% pace in October. This is a sign that the Federal Reserve’s efforts to bring down inflation are making progress. The data also boosted cryptocurrency prices, as less-worrisome consumer-price increases may give the Fed more room to relax...Read More
The Bitcoin (BTC) price appears to be on the brink of consolidation & expected to face a minor rejection in the short term. The rejection may enable the price to form new lows for the current bearish cycle which may further trigger a massive rebound. That said, the possibility of closing the yearly trade on...Read More
The king cryptocurrency, Bitcoin, finally crossed the important $17,000 resistance level on December 5 and is currently marching towards $17,600. Due to the uncertainties surrounding the FTX collapse, the leading cryptocurrency fell to a yearly low of $15,700 in November 2022. The price of bitcoin has dropped nearly 74% since reaching an all-time high of...Read More
Bitcoin price after being rejected at $17,000 at the beginning of the month has been attempting very hard to reclaim the levels at the earliest. Meanwhile, some analysts believe that, presently, there is no room for BTC to form the bottom. Therefore, the possibility of a rebound may be predetermined as the crypto space appears...Read More
Bitcoin is displaying some stability, as the prices have remained within a sustainable range of around $17,000. As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain levels above $20,000 very soon. Popular crypto trader Jason Pizzino believes that star crypto may continue testing the upper resistance from...Read More
Bitcoin price has endured a choppy 2022, with market strategists struggling to point out the bottom. Furthermore, Bitcoin’s price has continued to trend downward since May’s capitulation, fueled by the Terra Luna implosion. With the FTX and Alameda collapse, Bitcoin price may continue downward before forming a bottom According to our latest crypto price oracles,...Read More
Bitcoin has been playing it relatively safe in the face of widespread investor skepticism, volatile markets, and other minor disturbances. The asset recently formed a double top as it consolidated below $16,800- an extremely bearish reversal formation, thus causing heightened stress and panic amid the trading community. From $16,791 it has been declining gradually below...Read More
The cryptocurrency market and its leading market players are fighting to break out of a narrow consolidation zone. However, given the current state of the market, investors are left awaiting the impending market rally. The crypto winter stuck with the market longer than expected and with the FTX collapse, things got worse. Amid all the...Read More
Bitcoin (BTC) began the month’s trade on a negative note. However, the prices have since retreated as usual profit-taking set in, and the focus shifted to the minutes from the Federal Reserve’s most recent monetary policy meeting. It’s difficult to say in which direction Bitcoin’s price will go in with any sudden change. Some investors...Read More
The world’s largest crypto, Bitcoin, has yet again been surrounded by massive selling pressure as the price marked new lows below $15,500. The FTX collapse has impacted the entire crypto space as the crypto lenders have been facing difficulties in meeting demand post-fallout from FTX. While BlockFi has filed for bankruptcy, another crypto pioneer, Genesis,...Read More
The last two weeks have been a nightmare for the entire crypto space as crypto investors were forced to liquidate their massive holdings in FUD after Sam Bankman-Fried’s FTX collapsed. The FTX meltdown has raised concerns regarding Bitcoin-tied assets and ETFs as institutional investors continue to dump their positions. Holdings of Grayscale’s Bitcoin Trust (GBTC)...Read More
Despite the continuous turbulence in the cryptocurrency market, Bitcoin is largely unaltered and has been consolidating between $15,800 and $17,200 on Friday. Bitcoin Trades Marginally as It Facing Rejection at $17K Since its price declined on November 9, when it was around $17K. At present, the immediate resistance is found at the $16,950 level. On...Read More
The crash of the popular crypto exchange FTX has become an embarrassment for the entire crypto space as it failed to build trust among users and provide properly secured infrastructure. FTX’s demise has undoubtedly thrashed several investors with a loss of billions of dollars and forced miners to give up their mining journey as their...Read More
After the market’s leading cryptocurrency hit two-year lows due to FTX collapse and Sam Bankman-Fried dramatic fall, cryptocurrency analyst Tone Vays is outlining the long-term bull case for Bitcoin (BTC). Vays has said that even if Bitcoin drops to about $11,000, it might still achieve a new all-time high of $100,000 next year. The trader...Read More
After the FTX collapse, the markets took up the prevailing situation and underwent a notable recovery during the previous day’s trade. The crypto market cap also almost reached the $900 billion mark and in the time when a breakout was close to being accomplished, the rounds of FTX being hacked circulated within the space. The...Read More
Bitcoin prices were deeply impacted by the resurgence of the bearish market trend that caused the price to plunge by more than 3.6% from the monthly highs. Meanwhile, the ongoing tussle between Binance CEO, Changpeng Zhao (CZ) and FTX CEO Sam Bankman Fried (SBF) has led the bearish wave within the crypto space. While some...Read More
At the time of publication, Bitcoin is changing hands at $19,181 after a plunge of 0.50% over the last 24hrs and this bearish movement has been observed for more than two months now. A few days back, the flagship currency surged above $19,500, but the bulls couldn’t maintain the pace. Bitcoin started its downward journey...Read More
The crypto market’s lack of volatility has been one of the most discussed topics among traders and investors, especially that of Bitcoin. In the past few weeks, Bitcoin has been trading between $18,000 and $19,000. Currently, Bitcoin is changing hands at $19,126 after a drop of 0.55% over the last 24hrs. Immediate resistance is around...Read More
The following trade appears to be extremely bearish for the Bitcoin(BTC) price, as the trade setup and on-chain fractals point to a massive drop for the token that is rapidly approaching. The bottom is formed 300 to 400 days after the cycle’s highs, according to the pattern followed by the asset since its inception. In...Read More
Bitcoin started attracting buyers after it began to float around the $18,000 price level. BTC quickly climbed the chart two weeks later. However, the coin’s technical outlook suggested that the bears hadn’t given up just yet. BTC may surpass the $20,000 price level if the bulls are able to maintain their momentum during the coming...Read More
The miner’s profitability could be harmed by the rising cost of mining blocks. Since the price of Bitcoin has been falling over the course of the year, from $46,000 to roughly $19,300, analysts estimated that the difficulty hike would reduce the miners’ profits by about 20%. Leading analytics company Glassnode issues a dire warning about...Read More
Last week’s performance of Bitcoin (BTC) was quite impressive as Bitcoin finally succeeded in breaking beyond the $20,000 barrier. But the BTC began to decline as the weekend approached. As of the time of writing, BTC had fallen to $19k. Even if the market turns bearish during the next several days, it is anticipated that...Read More
Bitcoin (BTC) worth millions of dollars is suddenly being purchased by a crypto whale.In early Q4, 2022, Bitcoin, like all the other major cryptocurrencies, failed to end its recession. Some whales, though, are certain that dips are for purchase and the statistics of an unusual address on the Bitcoin network were revealed by anonymous Bitcoin...Read More
The Bitcoin market cycles display several unusual asymmetries. At the end of a bull market, investors tend to get overly optimistic, leading to a temporary parabolic price surge. When a bull market is nearing its end, rapid price growth poses a risk of bursting the speculative bubble, and it can be seen that the participants...Read More
