Bitcoin (BTC) Extends Losses, $37K Likely The Next Support Level
Bitcoin (BTC) extended its losses on Monday, falling further into a trading range it has stuck to for most of the year. Analysts expect the token to deepen its losses, given that pressure from inflation and a hawkish Federal Reserve is set to increase in the coming months. BTC fell 1% in the past 24 The post Bitcoin (BTC) Extends Losses, $37K Likely The Next Support Level appeared first on CoinGape.
Bitcoin Leverage Ratio Remains High Despite Recent Drop
On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto’s price. Bitcoin Leverage Ratio Hasn’t Budged Much In Response To Price Plunge As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has remained at high values recently, despite the price declining to $41k. The “estimated leverage ratio” is an indicator that’s calculated by dividing the open interest with the exchange reserve. In simpler terms, what t
Can Bitcoin Benefit From A $100 Oil Barrel? Why This Analyst Thinks So
Bitcoin continues on its decline after rejection at the mid area of its current levels. The first crypto by market cap saw a short live rally on lower timeframes and has now moved back into the lows of $40,000. Related Reading | The Russia-Ukraine War Is Becoming A War On Crypto At the time of […]
Breaking: Coinbase Won’t Be Banning All Russian Users Says CEO Brian Armstrong
After two crypto exchanges Binance and Kraken refused a blanket ban on Russian users, Coinbase to joins them! An hour back, Coinbase CEO Brian Armstrong confirmed that they are not considering banning all Russian users from their platform. Crypto exchanges in the U.S. have come under pressure from lawmakers after reports that Russia might use The post Breaking: Coinbase Won’t Be Banning All Russian Users Says CEO Brian Armstrong appeared first on CoinGape.
Recent Bitcoin Rally Had Nothing to do With Sanctions on Russia, Here’s Why
Earlier this week, the Bitcoin (BTC) price rallied all the way to $44,000 levels amid reports that the recent U.S. sanctions on Russia were the reason behind it. However, new data shows that talks of Russians are evading sanctions via crypto don’t seem to be true. As per data from blockchain analytics firm Chainalysis, the The post Recent Bitcoin Rally Had Nothing to do With Sanctions on Russia, Here’s Why appeared first on CoinGape.
NFT Marketplace OpenSea Drops Users Amid Strict U.S. Sanctions
Ethereum-based NFT marketplace OpenSea has started dropping off users from its platform amid the ongoing U.S. Sanctions. This comes as exchanges have been asked to put a ban on Russian users following the recent harsh financial sanctions levied on Russia. However, some exchanges like Binance and Kraken have refused a blanket ban but said that The post NFT Marketplace OpenSea Drops Users Amid Strict U.S. Sanctions appeared first on CoinGape.
TA: Bitcoin Showing Early Signs of Fresh Decline, But $40K Is the Key
Bitcoin started a downside correction and traded below $42,000 against the US Dollar. BTC must stay above $40,000 to avoid a trend reversal. Bitcoin started a fresh decline below the $43,000 and $42,000 levels. The price is trading below $43,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct further, but the $40,000 support is the key. Bi
Bitcoin Rally Fails To Rouse Traders As Funding Rates Remain Flat
Bitcoin’s recent rally is still lingering in the market. This new break above $44k has done a lot to boost morale in the market. The number of long-term holders is on the rise and more money is coming into the market. However, one subset of bitcoin investors seems to remain unmoved with the recent rally. […]
Bitcoin Sentiment Again Slips Into Fear After Briefly Turning Neutral This Week
Data shows the Bitcoin market sentiment has once again slipped into fear territory after standing neutral for the past couple of days. Bitcoin Fear And Greed Index Once Again Points At “Fear” The “fear and greed index” is an indicator that measures the general investor sentiment of the cryptocurrency market. The metric uses a numeric […]
Bitcoin Bearish Signal: Exchanges Observe Huge Inflow From Long-Term Holders
On-chain data shows exchanges have received a huge Bitcoin inflow spike from long-term holders, a sign that could be bearish for the price of the crypto. Investors Holding Bitcoin Since 12 Months To 18 Months Ago Transfer A Huge Amount To Exchanges As pointed out by an analyst in a CryptoQuant post, some long-term investors holding on to their coins since between a year to a year and a half recently sent big inflows to exchanges. The relevant indicator here is the “exchange inflow,” which measur
Bitcoin Retraces Back To $43K, Why The Next Few Months Could Be Bullish
Bitcoin found short-term support near $43,000 as it retraces some of its gains from the current week. The first crypto by market cap is displaying more strength and managed to close February’s monthly candle in the green, something that last happened back in Q4, 2021. Related Reading | Bitcoin Breaks Above 50-Day SMA, Will BTC Ride It Out To $50,000? At the time of writing, Bitcoin trades at $43,985 with a 16.9% profit over the past week. In a recent update from QCP Capital, the firm reiterated
Paying Netflix With Bitcoin? Here Is How It Could Happen
A team of developers at Suredbits recently posted a Bitcoin-based solution for recurrent payments. In theory, this alternative could enable users to pay for subscription services, such as Netflix, Microsoft, and others, and could be an important step in advancing BTC adoption to the mainstream. Related Reading | Strike CEO Jack Mallers Explains Bitcoin To […]
Bitcoin (BTC) Fails Fourth Breakout Attempt Above $44,400 Resistance
Bitcoin (BTC) made another attempt at breaking out above $44,400 on March 2 but was unsuccessful. There is ample support below the current price, suggesting that another breakout attempt could occur soon. The post Bitcoin (BTC) Fails Fourth Breakout Attempt Above $44,400 Resistance appeared first on BeInCrypto.
Bitcoin Rally Cools Down But BTC Whales Are Becoming Increasingly Active
After a solid start to the week, the Bitcoin rally has finally called down as the BTC price rests currently at $43,500 with 24% gains on the weekly charts. The Bitcoin and crypto market rally come on the backdrop of the major geopolitical situation panning out with the Russia-Ukraine war. Reportedly, as the Russian Ruble The post Bitcoin Rally Cools Down But BTC Whales Are Becoming Increasingly Active appeared first on CoinGape.
TA: Bitcoin Price Gearing For Another Lift-Off: Rally Isn’t Over Yet
Bitcoin made another attempt to gain pace above the $45,000 resistance against the US Dollar. BTC is still consolidating and remain supported near $43,000. Bitcoin spiked above the $45,000 resistance zone and traded as high as $45,349. The price is trading above $43,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might be
Bitcoin Closes 1st Green Month After 3 Reds, What History Says May Happen
The month of February was a rocky one for bitcoin but the digital asset had managed to come out ahead in the end. After suffering three long months of red closes, bitcoin has finally recorded its first green month. This is attributed to the rally that began at the end of the month. However, this is not the first time that the digital asset would mark such a trend and past performance helps to speak to what can be expected from here from the cryptocurrency. 1st Green Month Close For Bitcoin Since
War Driven Bitcoin Price Action Leads To Largest Volume Since 2021
On-chain data shows the Bitcoin market observed its largest daily trading volume since 2021 last week following the start of the Russian invasion of Ukraine. Bitcoin Trading Volume Surges To Highest Values For 2022 As per the latest weekly report from Arcane Research, the BTC market activity saw a revival due to the Russia-Ukraine war. […]
Bitcoin Taker Buy/Sell Volume Shows “Buy” Signal As BTC Gears Up For Rally
On-chain data shows the Bitcoin taker buy/sell volume is now showing a “buy” signal as the crypto looks to be gearing up for a new rally. Bitcoin Taker Buy/Sell Volume Says Now May Be The Time To Buy As pointed out by an analyst in a CryptoQuant post, the BTC taker buy volume recently reached a value that has historically been a green signal for the crypto. The “taker buy volume” is an indicator that measures the long volume of Bitcoin on derivatives exchanges. The metric works by checking order
Expectations Of Aggressive FED Drop, Here’s Why Bitcoin Could Rise To $50K
Bitcoin stumbles as it approaches the mid area around its current levels. As reported yesterday, there was a large number of asks orders at $45,000, and $48,000, which could continue to operate as resistance in the short term. Related Reading | TA: Why Ethereum Could Rally Further Above $3K At the time of writing, Bitcoin trades at $43,748 with a 2.1% loss in the last 24-hours and a 14.1% profit in the past 7 days. Market participants seem to be wondering if the price of Bitcoin will be able to
Bitcoin Touches Above $40K For Third Time In 2022, Where Does It Go From Here?
Bitcoin has had an eventful 2022 so far and it is only two months into the year. While mostly recording downtrends in these past two months, there have been some notable recoveries that have put it above $40K. For the two previous times, the digital asset had been unable to hold above this level. Will the third time be the charm or is a reversal expected soon? Bitcoin Trading Between $40K-$44K On Monday, bitcoin had pulled one of its strongest reverse cards and had broken straight through $40,00