Bitcoin has found stability above crucial levels, but the market dynamics are reminiscent of early 2022, with more than 25% of the supply currently underwater. Weakening demand is evident across ETFs and futures, presenting potential risks. Bitcoin’s market dynamics are presently reminiscent of early 2022, with substantial segments of supply remaining underwater, as per reports. … Read more
The bitcoin price entered December with notable volatility, dropping 8% early Monday to the mid-$84,000s before recovering to around $85,456 at the time of writing. The world’s largest digital asset is currently hovering around a crucial $85,000 mark — a price range that analysts suggest could dictate whether bitcoin’s value stabilizes or descends towards a … Read more
Bitcoin has recently fallen below key cost-basis models, indicating a decline in spot demand and ETF flows, according to the latest report. This shift reflects a wider market trend as derivatives markets exhibit signs of heightened caution, characterized by declining open interest and cycle-low funding rates. The cryptocurrency giant, Bitcoin, has faced challenges in sustaining … Read more
The crypto markets are experiencing a pullback today, with Bitcoin’s price lingering around a seven-month low, while prominent crypto stocks are witnessing significant drops. Bitcoin is presently valued at $89,090, reflecting a 4% decline in the last 24 hours, accompanied by a trading volume of $71 billion during that period. The cryptocurrency currently sits 4% … Read more
Bitcoin prices experienced a significant decline, continuing a trend of recent losses and hitting their lowest level in more than six months. The leading digital currency experienced a drop to $90,128.00 throughout the day, as per reports. Currently, the cryptocurrency is trading at its lowest point since around April 21, according to additional figures. In … Read more
Bitcoin is currently experiencing a slight bearish trend, fluctuating within the range of $97,000 to $111,900, as per reports. The cryptocurrency encounters notable resistance at the $106,000 mark, further complicated by ETF outflows and low leverage, indicating a wary market atmosphere. The present trading range indicates seller fatigue around the $100,000 mark, establishing short-term support. … Read more
The recent decline in bitcoin’s price, along with the broader cryptoasset landscape, offers several crucial insights for investors. In a notable turn of events, the price per bitcoin dipped below the $100,000 mark in November for the first time since June, before regaining some stability. Bitcoin, along with the broader cryptoasset community, has certainly experienced … Read more