Bitcoin’s price faces downward pressure as profit booking and bearish technical patterns emerge, which could push it below the $60,000 mark, according to sources. Bitcoin is currently trading at $109,500, reflecting a notable pullback from its year-to-date high of $126,200. The recent downturn has wiped out billions in market capitalization, with traders actively securing profits … Read more
Bitcoin is presently maneuvering through a tough market landscape, trading beneath key cost basis levels that indicate a possible demand exhaustion. This occurs as long-term holders are progressively liquidating their assets, intensifying the strain on the market’s stability. The cryptocurrency is currently trading beneath the cost basis of short-term holders and the 0.85 quantile, a … Read more
Bitcoin has recently faced a significant decline – resembling more of an equity-style drop than a usual cryptocurrency correction, with a staggering decrease of around 25%. While this magnitude may seem modest to seasoned crypto investors, it holds considerable significance when juxtaposed with traditional assets. The recent decline from highs poses challenges for market participants … Read more
Bitcoin has unexpectedly plummeted toward $100,000, intensifying a sell-off that impacted the bitcoin price last week and igniting concerns of a broader crypto downturn. The bitcoin price has dropped below $105,000 per bitcoin for the first time since June, raising concerns among traders that a significant bitcoin price crash may be imminent, as the total … Read more
Bitcoin prices continued their downward trend on Friday, hitting their lowest point in over three months as a confluence of factors contributed to the ongoing declines. The leading digital currency hit a low of $103,516.25, based on data. Currently, the cryptocurrency has experienced a decline of approximately 18% from its all-time high of $126,300, which … Read more
Bitcoin mining stocks experienced a downturn today as the wider market responded to Bitcoin’s third consecutive day of declines. Numerous prominent miners are experiencing significant declines, with Bitfarms at the forefront, plummeting more than 18%. Riot Platforms and Marathon Digital Holdings experienced significant declines of 10%–11%, with Hut 8 and Strategy trailing behind with lesser … Read more
Bitcoin’s remarkable surge to a record peak of $126.1k has taken a sudden downturn, influenced by considerable macroeconomic pressures and a substantial $19 billion futures deleveraging event. This deleveraging stands as one of the largest in history, initiating a reset phase in the market marked by flushed leverage, cautious sentiment, and a reliance on renewed … Read more
The US government has confiscated over $14 billion (£10.5 billion) in bitcoin and has charged the founder of the Cambodian business conglomerate, the Prince Group, with allegedly orchestrating a vast cryptocurrency fraud that included forced labor camps. Chen Zhi faced charges on Tuesday in New York for purportedly participating in a wire-fraud conspiracy and a … Read more
The crypto market has faced significant turbulence over the past three days… to put it mildly. Bitcoin holders are experiencing the most favorable outcomes, with the price of bitcoin making a significant recovery to approximately $116,000 today, following a turbulent weekend that witnessed a downturn in the wider crypto market. The bitcoin price dipped into … Read more
In just a few months, a corporate copycat phenomenon has taken the digital asset space by storm. The strategy, championed by Michael Saylor’s bitcoin-accumulating giant, is seemingly straightforward: establish or rebrand a publicly listed company, secure funding through debt and equity, utilize the funds to acquire a specific cryptocurrency (typically bitcoin, but also expanding to … Read more