Over 2,200 letters have been sent to U.S. senators urging support for Wyoming Senator Cynthia Lummis’s proposed BITCOIN Act of 2024. This act aims to position the U.S. as a…
Browsing: Bitcoin Price Correction
As Bitcoin’s price plunged by 17.36% to $50,300, losing its trillion-dollar market cap status, miners are under significant financial pressure due to production costs. Only a few mining models remain…
Donald Trump believes that Bitcoin has a greater role to play in the US economy while emphasizing its strategic importance in maintaining global competitiveness against countries like China. Peter Schiff…
Bitcoin ETF share price dropped to a four-month low last Friday offering long-term investors an opportunity to accumulate shares at a discount. Bitcoin spot ETFs experienced a substantial net inflow…
Analyst Dave the Wave suggests Bitcoin could revisit the “buy zone” of his logarithmic growth curve (LGC) model, predicting a 40% drawdown to $44,000 before a potential parabolic surge to…
Bitcoin faces severe selling pressure, dropping under $53,500 as Mt. Gox begins repayments to creditors. Significant market volatility led to liquidations totaling $589 million. If Bitcoin doesn’t recover to $61,000,…
Recent bearish market conditions have significantly reduced bullish sentiment surrounding Bitcoin, with notable declines in positive remarks across social media platforms, potentially signaling a market bottom. Also, Bitcoin miner withdrawals…
Crypto market analysts attribute the price decline more to Bitcoin miner capitulation than the Mt. Gox news. The BTC price has recovered back to $61,500. Bitcoin miners are now financially…
Despite Bitcoin’s recent price drop to $63,600 and ongoing bearish conditions, the derivatives market shows strong buying interest at dips, with a notable increase in call option purchases on Deribit.…
Recent research from Glassnode highlights that the majority of BTC investors remain profitable, with over 87% of the circulating supply held in profit. Glassnode’s analysis using the market value to…
Analysts like CrediBULL Crypto are cautiously optimistic, suggesting a potential bottom for Bitcoin. The $64,000 level has shown strong buying support, but if broken, Bitcoin could drop further to critical…
Analyst Willy Woo attributes Bitcoin’s recent bearish momentum to selling pressure from long-term holders (LTHs), as evidenced by spikes in the Coin Days Destroyed (CDD) metric. The prevalence of “paper…
Analyst Rekt Capital identifies Bitcoin’s position in the final stage of the halving retrace, indicating an imminent uptrend resumption. The cryptocurrency’s current re-accumulation phase and whale accumulation activities further bolster…
A lesser-known token called TIM has emerged, attracting attention due to insiders turning a small investment of $6,404 into a staggering $8.29 million within 24 hours through TIM. The TIM…
Bitcoin (BTC) continues to consolidate around $66,500, maintaining pressure on crucial resistance levels as whales show signs of “buying the dip.” Despite short-term challenges highlighted by analyst Ali Martinez, such…
Federal Reserve Chairman Powell emphasized the need for patience towards interest rate cuts creating a bearish sentiment around Bitcoin. Market analysts at Lizards Money highlight the impact of geopolitical tensions…
The Bitcoin halving historically triggered significant volatility in the cryptocurrency market, with strong rallies following the event. However, miners may begin selling their BTC holdings to offset rising mining costs,…
The impending Bitcoin halving event on April 20, 2024, adds another layer of uncertainty to the market as the BTC experiences a pre-halving retrace. Analysts like Ash Crypto predict that…
Implied volatility for Bitcoin options surged, indicating decreased confidence among market participants regarding price direction. Amidst bearish bets ahead of the April 26 options expiry, there’s speculation that the halving…
The Bitcoin funding rates have reached a record-high level last seen during the bull run of April 2021, signaling caution for any rally ahead. On-chain analysis shows that despite widespread profit-taking…