Bitcoin and the broader cryptocurrency market witnessed a notable decline on 1 December as fresh selling pressure emerged. Bitcoin dropped 4.3%, falling below $88,000 in early Asian trading, while Ether declined 6%, slipping under $2,900, according to the reports. Data shows that the 24-hour fall contributed to a 30-day decline of 19.85%, worsened by leveraged … Read more
Bitcoin has regained price levels above $90,000, recovering after remaining under this important threshold for the majority of the past two weeks. During this timeframe, the leading cryptocurrency experienced a drop to a low of $80,600, representing a decline of over 10% from the previously mentioned support level. With the price hovering around 90,000, indications … Read more
Elon Musk’s SpaceX has discreetly moved 1,163 BTC, valued at approximately $105.23 million, into new wallets this week, prompting speculation about whether the aerospace company is gearing up for a sale or merely restructuring its reserves. On November 27, sources identified the transaction, highlighting that the bitcoins were transferred from a long-dormant treasury wallet to … Read more
Bitcoin’s recent surge past $90,000 is fueled by short covering and dip buying, as market participants anticipate a rate cut in December, shaping trading strategies. Prediction markets indicate that Bitcoin is likely to stay around the $92,000 mark throughout November, as ETF outflows are constraining any upward movement. Gold prices are on the rise, driven … Read more
Bitcoin is currently navigating a challenging landscape, fluctuating within a tight $81K–$89K range as liquidity wanes and realized losses increase, as per reports. The cryptocurrency market is reflecting the vulnerabilities seen in early 2022, as futures markets indicate a trend of deleveraging while options markets continue to adopt a cautious approach. Bitcoin’s price has faced … Read more
Bitcoin’s current decline, now over 30% from its October all-time high, raises an important question: have we officially entered a bear market? A compelling argument can undoubtedly be presented. November appears poised to mark bitcoin’s most challenging month since the downturn in 2022. And the fourth quarter, typically seen as crypto’s dependable sugar high, is … Read more
Bitcoin has experienced its fourth consecutive weekly decline, as reported by Bitfinex Alpha, a notable event not seen in more than 500 days. Over the last month, Bitcoin has faced a significant drop of 30.6%, exceeding the 24% pullback observed during its consolidation phase in 2024. The total decline from its all-time high now stands … Read more
Bitcoin has shown a slight recovery following a significant sell-off this week that drove the price down toward $80,000, raising concerns that a nightmare scenario of a bitcoin price crash could be imminent. The recent sell-off in bitcoin prices, following its remarkable ascent to a record high of $126,000 per bitcoin just last month, has … Read more
Bitcoin price is exhibiting unmistakable signs of weakness, and the recent drop back below six figures has necessitated a reevaluation of the near-term outlook. With several critical technical and on-chain levels now breached, I have adjusted my base case, indicating that the likelihood of revisiting new all-time highs in the upcoming weeks has dropped below … Read more
Richard Teng noted that the notable drop in bitcoin over the past month resulted from investors reducing their cryptocurrency holdings and showing risk aversion akin to patterns seen in most major asset classes. The leading cryptocurrency by market capitalization has experienced a decline of 21.2 percent in November, bringing its total losses over the last … Read more