Bitcoin

Market UpdateLast week, the cryptocurrency market experienced notable volatility with significant fluctuations in Bitcoin and Ethereum prices. Bitcoin started strong, testing upper resistance at $62,769 but faced hurdles as it approached $64K, eventually dipping below $60K to close a CME gap. Despite a brief surge, Bitcoin fell to $56,952 influenced by the Mt. Gox distribution

The recent plummet in Bitcoin price has been largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution represents a substantial portion of the total Bitcoin supply, causing market anxiety among investors and analysts. The fear of massive selling by these creditors has led to preemptive selling

Bitcoin has recently experienced a dip below $60,000, causing concern among investors. However, crypto expert Michael van de Poppe believes that there is hope for a rebound. He points to the closure of Bitcoin’s CME gap as a positive sign, suggesting that the cryptocurrency could see a relief bounce from its current price level. Van

The recent crash in the crypto market has led to a state of panic among investors, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, thousands of traders have found themselves in a difficult position, resulting in losses totaling hundreds of millions of dollars in just one day. In the

Bitcoin, despite facing significant bearish trends in the market, has not deterred large investors with holdings exceeding $600,000 from accumulating more BTC over the past six months. According to data from Santiment, these major players holding 10 BTC or more have been consistently increasing their holdings by 1.07% during this period. While this might appear

Tom Lee, the head of research at Fundstrat, has recently reiterated his prediction that Bitcoin will surge to $150,000. He strongly believes in Bitcoin’s bullish outlook and is confident that the pioneer cryptocurrency will soon break out of its bearish trends. In a recent interview with CNBC Television, Lee expressed a positive outlook on Bitcoin’s

Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” in which he delves into the economic upheavals of the 1930s-1970s and how they relate to today’s financial landscape. Hayes highlights the importance of analyzing historical economic patterns to gain insight into the potential revival of the Bitcoin and crypto bull run.

Bitcoin has been experiencing a period of uncertainty lately, with the price fluctuating between support and resistance levels. One crypto analyst, Alan Santana, has made a bold prediction that the Bitcoin crash is far from over. His analysis, based on Fibonacci retracement levels, suggests that the price could plummet to as low as $34,900 –

Greetings Bitcoin.com and Verse Community, We are excited to present a new proposal to be voted on by holders of Bitcoin.com’s  token: Should we do an airdrop of VERSE tokens to active Ethereum users of the ? Pros This airdrop will raise awareness of the and the , bringing in more users to both. This airdrop

Bitcoin, once known for its active weekend trading, is now experiencing a significant decline in weekend trading volumes, according to a recent report by Kaiko. The data reveals a sharp drop in weekend trading activity, from 28% in 2019 to a meager 16% in 2024. This shift can be attributed to the rise of institutional

Meet Opeyemi, a dedicated writer with a fervent passion for the world of cryptocurrency. Although this industry was not his initial career choice, Opeyemi has found himself completely captivated since delving into the realm two years ago. His enthusiasm shines through as he unravels the complexities of blockchain technology and shares his insights on the

In the month of June, Bitcoin experienced a disappointing price performance, much to the dismay of many investors. The cryptocurrency dipped below $60,000 at certain points, showcasing a consistent downward trend throughout the month. Zen, a crypto analyst, has highlighted some crucial liquidity pools that may play a significant role in determining Bitcoin’s fate in

Cryptocurrency journalism is a rapidly evolving field that requires a unique skill set and dedication to staying informed on the latest trends and developments in the industry. One individual who exemplifies these qualities is Semilore Faleti, a seasoned writer with a passion for demystifying the world of digital assets and advocating for their adoption. Semilore

Opeyemi is not just an average writer, he is a passionate enthusiast of the cryptocurrency realm. Despite not initially choosing the digital asset industry, he found himself deeply drawn to it over two years ago. Since then, he has dedicated himself to unraveling the complexities of blockchain technology and sharing insights on the latest trends

Bitcoin’s price has recently been rejected at $62,000, sparking conflicting sentiments in the market. While bullish investors remain optimistic, bears are now emerging from the shadows, suggesting that the price may continue to drop. Crypto analyst DonAlt has weighed in on the situation, stating that the worst may be yet to come for Bitcoin. Despite

The recent decline in the price of Bitcoin can be attributed to major sell-offs orchestrated by large governments, such as the German and US governments. These government-led sell-offs have contributed to the downward pressure on the digital asset. For example, the German government sold around 2,786 BTC, amounting to approximately $140 million, while the US

Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold underscores the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level has prompted caution among traders and investors, leading to

Bitcoin, the undisputed king of cryptocurrencies, finds itself at a crucial juncture as it navigates through a period of uncertainty. Having witnessed a remarkable surge in the first half of 2024, soaring past the significant $71,000 threshold, the digital asset has now retraced, with its price currently stabilizing around the key support level of $61,000.

The Spot Bitcoin ETFs have been experiencing outflows for seven consecutive days, with an average of $100 million being pulled out daily. This has led to a total of $1.2 billion being withdrawn from the funds so far. The high level of outflows is seen as alarming, especially considering the correlation with the decline in

The recent weeks have seen a significant downturn in the once-sizzling crypto market, with Bitcoin leading the retreat. From reaching a high of $73,000 earlier this year, Bitcoin has now plummeted to new lows, causing a ripple effect across the entire crypto ecosystem. Investors have been spooked by the prolonged price slump, resulting in a

Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate, Joe Biden, wins the election, Bitcoin could see new all-time highs. Scaramucci is confident that during a second Biden administration, Bitcoin could reach prices between $170,000 and $250,000. Scaramucci’s support

Bitcoin is currently facing a significant decline in price, edging closer to the critical $60,000 mark. This downward trend is primarily driven by a mix of macroeconomic factors and mounting selling pressure. The prevailing sentiment in the market has turned decidedly bearish, causing anxiety among investors and traders. The $60,000 threshold has become a focal

A recent analysis by a renowned crypto analyst has raised concerns regarding the future price movement of Bitcoin. The analyst, Justin Bennett, pointed out that Bitcoin has recently broken through key support levels, signaling a potential shift from a bullish to a bearish trend. This development has led Bennett to predict a possible price crash

The recent performance of Bitcoin in the past week has not been impressive, causing a ripple effect across the entire cryptocurrency market. Many large-cap assets also experienced significant losses during this period, indicating a general downturn in the market. Unfortunately, it seems that the price of Bitcoin is still not out of the woods, with

Bitcoin is currently experiencing a significant decline, with its value dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite the downward trend in Bitcoin’s price, Arthur Hayes, the co-founder of BitMEX, maintains a

The recent Bitcoin price crash below $66,000 has sent shockwaves through the cryptocurrency market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop in price, analysts are warning that the worst may not be over yet. Crypto analyst Ali Martinez has expressed concerns that Bitcoin could potentially see another

The Founder and Chief Investment Officer of Ikigai Asset Management, Travis Kling, recently shared his insights on the state of Bitcoin and the broader cryptocurrency ecosystem. He mentioned that Bitcoin is around 10% off its all-time highs and expressed concerns about potential cannibalism in the market. Despite the NASDAQ performing well and setting new highs,