bitcoin price

Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell | Coingape

Bitcoin price briefly fell below $26096, the key 200-WMA level, at 7 PM UTC on Friday. The BTC price quickly rebounded and hit a 24-hour high of $26,989. However, on-chain data indicates a bearish outlook on BTC price and it’s probably time to book some profits. Bitcoin Price Reaches Late 2021 Level On-chain metric Puell The post Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell appeared first on CoinGape.

Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell | Coingape

Bitcoin price briefly fell below $26096, the key 200-WMA level, at 7 PM UTC on Friday. The BTC price quickly rebounded and hit a 24-hour high of $26,989. However, on-chain data indicates a bearish outlook on BTC price and it’s probably time to book some profits. Bitcoin Price Reaches Late 2021 Level On-chain metric Puell The post Bitcoin Price Bearish? On-Chain Data Indicates It’s Time To Sell appeared first on CoinGape.

Bitcoin's dive under $27K liquidates $100M — So why aren't margin traders flipping bearish

BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000. Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000.Regulatory pressure, st

Just-In: Binance Making These Efforts To Increase Bitcoin and Ethereum Liquidity | Coingape

Crypto exchange Binance making several efforts to increase liquidity in the crypto market. Low liquidity appears to be having a negative impact on Bitcoin and Ethereum prices, with BTC price briefly falling to the key 200-WMA. Binance on Friday announces that it will launch additional BTCUSDT and ETHUSDT daily options from May 15. It will The post Just-In: Binance Making These Efforts To Increase Bitcoin and Ethereum Liquidity appeared first on CoinGape.

Just-In: Binance Making These Efforts To Increase Bitcoin and Ethereum Liquidity | Coingape

Crypto exchange Binance making several efforts to increase liquidity in the crypto market. Low liquidity appears to be having a negative impact on Bitcoin and Ethereum prices, with BTC price briefly falling to the key 200-WMA. Binance on Friday announces that it will launch additional BTCUSDT and ETHUSDT daily options from May 15. It will The post Just-In: Binance Making These Efforts To Increase Bitcoin and Ethereum Liquidity appeared first on CoinGape.

Crypto Liquidation Nears $150 Million; Bitcoin Fears To Drop Under $26K | Coingape

Crypto Market Crash: The global digital asset market printed broad red indexes as selling pressure mounts up. The cumulative market cap is down by a massive 2.78%, losing around $30 billion over the past day. However, the ongoing decline has triggered massive liquidation of the top digital assets. Also Read: CZ Seeking To Dump Binance.US The post Crypto Liquidation Nears $150 Million; Bitcoin Fears To Drop Under $26K appeared first on CoinGape.

Will Bitcoin Rise Above $30000, Or Break Below $25k? | Coingape

The recent decline in Bitcoin’s price for the second consecutive day and dropping to its lowest level in over six weeks could indicate a bearish trend in the short term. The token is shedding some of its gains from the 2023 rebound, and the market sentiment seems to be more cautious and fearful. Will Bitcoin The post Will Bitcoin Rise Above $30000, Or Break Below $25k? appeared first on CoinGape.

Breaking: Crypto Market In Free Fall As Bitcoin Price Breaks 200-WMA | Coingape

Bitcoin price breaks below the key 200-weekly moving average (WMA) level causing a massive sell-off in the broader crypto market. BTC price tumbled below $26,100 briefly, after a downfall of more than 5% in the last 24 hours. Ethereum (ETH) price also fell more than 5% to below $1750, bringing a freefall in the crypto The post Breaking: Crypto Market In Free Fall As Bitcoin Price Breaks 200-WMA appeared first on CoinGape.

Bitcoin Blockchain Size Predictions Adjusted Upwards After Ordinals Explosion

The size of the Bitcoin blockchain has increased substantially following the surge in ordinal inscriptions. The post Bitcoin Blockchain Size Predictions Adjusted Upwards After Ordinals Explosion appeared first on BeInCrypto.

SEC Chair Gary Gensler Blames Crypto For Banking Crisis

The year 2023 started with U.S. banking regulators the OCC, the Federal Reserve Board, and the FDIC joint statement highlighting risks posed by crypto to the banking sector. The regulators stated to take a cautious approach related to crypto asset-related activities and exposures at each banking organization. The positive sentiment led by favorable on-chain and The post SEC Chair Gary Gensler Blames Crypto For Banking Crisis appeared first on CoinGape.

Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiry

Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry. The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000BTC bears will try to take advantage of macroeconomic headwinds, Silk Road coins' FUD, and uncertainty caused by Bitcoin’s transaction fee spike to pull Bitcoin'

Bitcoin Volatility Leads Liquidation To Breach $190 Million Mark

Bitcoin News: The global digital asset market printed red indexes on Thursday after registering a relief rally over the announcement of lower CPI data. Bitcoin (BTC), the world’s largest crypto saw major volatility as its price went on to dip below the $27k level after trading above $28.2K. Also Read: Ripple Exec Bids For EU’s The post Bitcoin Volatility Leads Liquidation To Breach $190 Million Mark appeared first on CoinGape.

Here’s why crypto prices are down

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin has been unable to break through the $29,000 level and why crypto prices have been falling. In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by

UAE’s Top Royal Shorts US Stocks On Recession Fears, Bitcoin’s Price In Danger?

Crypto News: According to recent reports, an investment business managed by a prominent member of Abu Dhabi’s royal family has accumulated an extensive short position on certain US stocks worth billions of dollars. The wager comes in the midst of mounting concerns about the possibility of a recession that can exert pressure on international markets. The post UAE’s Top Royal Shorts US Stocks On Recession Fears, Bitcoin’s Price In Danger? appeared first on CoinGape.

Warren Buffett dumps $13.3B in stocks — A warning sign for Bitcoin and risk-assets?

The "Oracle of Omaha" has increased Berkshire Hathaway's cash holdings by $2 billion in Q1, signaling his decreasing confidence in risk-assets. Warren Buffett moving into cash suggests that he's bracing for a possible collapse in risk-on asset prices. With Bitcoin (BTC) up 70% year-to-date and correlated with equities, should BTC investors also prepare for a potential stock market crash? Buffett says "incredible period" is overWarren Buffett's Berkshire Hathaway dumped $13.30

Analyst Reveals the Pros and Cons of Ordinals-Induced High Bitcoin Fees

The broader digital currency ecosystem is experiencing its current price onslaught after reports showed that the Bitcoin network is experiencing a massive transaction congestion. This congestion resulted in skyrocketing gas fees that forced some exchanges to halt BTC transactions over the weekend. Commenting on the event, top crypto market analyst, Willy Woo said there are The post Analyst Reveals the Pros and Cons of Ordinals-Induced High Bitcoin Fees appeared first on CoinGape.

Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows?

Professional Bitcoin traders are favoring sideways price action as BTC futures premium drops and the options delta skew nears 0% For the past 17 days, Bitcoin (BTC) price has been trading within a narrow 8.5% range from $27,250 to $29,550, causing the 40-day volatility metric to drop below 40%. This wasn't restricted to cryptocurrencies as the S&P500 index's historical volatility has reached 17%, its lowest level since December 2021.But will $28,000 become the new resistance?

Why is Bitcoin price down today?

Bitcoin price is down today as Binance, record high fees and a full mempool render on-chain transacting slow and expensive. Bitcoin (BTC) price is down today as ongoing "congestion" frustrates traders and pressures market sentiment.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance "FUD" drags Bitcoin downData from Cointelegraph Markets Pro and TradingView shows Bitcoin trading below $28,000 into the May 8 Wall Street open.The largest cryptocurrency continues

What The U.S. PPI Data Mean For Bitcoin’s Future Price Movement?

U.S. PPI Data: According to a report that was released today by the United States Bureau of Labor Statistics, the seasonally adjusted Producer Price Index (PPI) for final demand recorded a decrease of 0.5% in the month of March. Market participants were, however, expecting an unchanged reading. In light of this news, the crypto market The post What The U.S. PPI Data Mean For Bitcoin’s Future Price Movement? appeared first on CoinGape.

Bitcoin Bull Run Imminent; BTC New ATH Soon?

Bitcoin News: Bitcoin (BTC) is riding on an uptrend registering a massive surge of 81% on the year to date (YTD) basis. BTC is still trading down by 56% from its all time high (ATH) of $68,789 registered on November 10, 2021. However, crypto analyst suggests that Bitcoin might see a new ATH this year. The post Bitcoin Bull Run Imminent; BTC New ATH Soon? appeared first on CoinGape.