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