Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced a similar correction. For...
Cryptocoins News / The Cointelegraph - 2 years ago
“When it rains, it pours” is an old saying finding new relevance in the cryptocurrency markets on May 9 as traders face another day of pain and the current price decline brings Bitcoin (BTC) to its lowest level in 2022. Data from Cointelegraph Market...
Cryptocoins News / NewsBTC - 2 years ago
At this point, it is no longer news that bitcoin has now hit its lowest point in three months. The last time the digital asset had seen its price break below $34,000 had been in late January but had continued to hold up well after this. Last time, t...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin price had a treacherous weekend, capping off what has been nearly a 20% loss since the Fed meeting last week. The selloff has now taken the top cryptocurrency by market cap to the lowest point all year, setting a significant lower low for th...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) fell further on the May 6 Wall Street open amid a warning that the U.S. equities sell-off was "not over."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNovogratz: "We are not going to get a soft landing"Data from Cointelegra...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin started a strong decline from the $40,000 resistance against the US Dollar. BTC broke the key $37,500 support to move into a bearish zone.
Bitcoin started a strong decline below the $37,500 and $36,500 levels.
The price is now trading below...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin gained pace above the $39,000 resistance against the US Dollar. BTC even tested $40,000 and might continue to rise in the near term.
Bitcoin started a decent increase above the $38,800 and $39,000 resistance levels.
The price is now trading...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin is facing resistance near $38,200 against the US Dollar. BTC remains at a risk of more downsides unless there is a move above the $39,000 resistance.
Bitcoin is facing a major resistance near the $38,200 and $39,000 levels.
The price is now...
Cryptocoins News / NewsBTC - 2 years ago
On-chain data shows while the price of Bitcoin has continued to struggle recently, miners have shown diamond hands.
Bitcoin Miner Reserve Holds Still Amid The Recent Price Consolidation
As pointed out by an analyst in a CrypoQuant post, BTC miners h...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the United States dollar come down from 20-year highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader eyes $40,600 as “crucial” breakerData from Cointelegraph...
Bitcoin News / Bitcoinist - 2 years ago
Hate all you want; the US dollar is still the most dominant force in finance, and the global reserve currency. It is the de facto base currency in most trading pairs, even against Bitcoin. Because of this, when the dollar moves, so does the rest of t...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin extended its recovery above the $41,400 against the US Dollar. BTC could rally further if there is a clear close above the $41,500 and $41,800.
Bitcoin started a decent recovery wave above the $41,000 and $41,400 levels.
The price is now tra...
Cryptocoins News / The Cointelegraph - 2 years ago
Traders faced another day of red markets on April 14 after the weakness in equities markets continued to put a damper on crypto prices. Data from Cointelegraph Markets Pro and TradingView shows that after holding onto support above $41,000 in the ear...
Cryptocoins News / NewsBTC - 2 years ago
Bitcoin is correcting losses and trading above $41,000 against the US Dollar. BTC could gain bullish momentum above $41,350 and $41,500.
Bitcoin remained well bid above $39,250 and started a fresh increase.
The price is now trading above $41,000 and...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) is keeping traders on the edge of their seats this week as support levels come close to breaking.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders line up targets below $40,000Data from Cointelegraph Markets Pro and Tra...
Cryptocoins News / The Cointelegraph - 2 years ago
The cryptocurrency market took a turn for the worse on April 11 after concerns related to rising inflation, the prospect of several more interest rates by the United States Federal Reserve and fear of a global food shortage led to widespread weakness...
Cryptocoins News / The Cointelegraph - 2 years ago
On April 11, Bitcoin (BTC) dropped to $40,500, reaching a crucial level that erased the gains from the previous three weeks when the price peaked at $48,200 on March 28.According to analysts, the United States Federal Reserve balance sheet reductions...
Cryptocoins News / The Cointelegraph - 2 years ago
Some analysts argue that Bitcoin (BTC) rallied too fast and too soon and the weakness that we see on April 7 is a result of that. Currently, a new COVID-19 variant has caused the Chinese government to implement severe restrictions on Shanghai and oth...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy. On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18...
Cryptocoins News / The Cointelegraph - 2 years ago
Terra, the Blockchain outfit using Bitcoin (BTC) to back its new United States dollar stablecoin, has bought over 5,000 BTC.Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, now totaling to 35,768 BTC.Terra buys the...