Bitcoin Needs to Reclaim $36K to Invalidate the Bearish Thesis, BTC's Correlation with S & P 500 Hits ATH

Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over

Bitcoin nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone. (Read More)

Bitcoin: Crypto market bloodbath ranges on as BTC touches $26k range

As Bitcoin to a new low, other cryptos also plunged likewise including Ethereum, Solana, and Ripple. The market cap of the crypto industry even fell to $1.37 trillion representing the plight of investors. BTC prices dropped below $29,000 in what has been a dreadful month so far. Even the metrics are suggestive of a bearish […]

Bitcoin price prepares for a sweep of $29,700 again before…

Bitcoin’s price is hovering inside a range that indicates that some sort of stability is back in the markets. However, this might not be for long as BTC is looking to sweep the lows on a macro time frame and on a lower time frame. Until these events transpire, the chances of an uptrend are […]

Breaking: FASB’s Shot In The Arm To Bitcoin Community

In what could be a significant development amid a widespread crash in the cryptocurrency market, the Financial Accounting Standards Board (FASB) on Wednesday took a decision for addressing the recognition and measurement of digital assets, in a unanimous vote. In this regard, deliberations would be held to review accounting for exchange-traded digital assets and commodities. The post Breaking: FASB’s Shot In The Arm To Bitcoin Community appeared first on CoinGape.

Bitcoin Returning to Exchanges Record the Fastest Rate in 16 Months

The selling pressure witnessed in the Bitcoin market that drove the price to lows of $29K happened as high supply returned to crypto exchanges. (Read More)

Bitcoin Hits a 10-Month Low of $29K, Fed’s Tightened Monetary Policy Triggers Risk-Off Approach

Bitcoin dropped to the $29K level, a scenario not seen since July last year, as more liquidation continues engulfing the market. (Read More)

Bitcoin reversal or further downside? The answer is thought-provoking

Bitcoin’s price trajectory has taken a full-blown hit. Recently, Bitcoin broke down from its support of $33,610 which was a multi-month higher low dating back to mid-2021. Thus, leaving a sense of unrest among investors and HODLers. However, when considering the moving average of the last 200 days, Bitcoin has dipped only 10% since the […]

El Salvador Buys the Dip for another 500 Bitcoins

The crypto trading world is in a sell-off panic due to the Fed’s rate hike. President Nayib Bukele announced Monday that the government bought just 500 bitcoins at an average price of $30,744, spending about $15.5 million. (Read More)

Crypto Market Further Crashes, Investors Adopt Risk-off Approach to Diversify Risks

Stocks and crypto markets have continued a descent that started at the end of last week and carried on over the weekend. (Read More)

Bitcoin’s defining week: Will it side with the bulls or usher in more downside

Bitcoin’s price action has been quite a roller coaster especially in the last week or so, during which it turned heavily bearish. However, it is currently in a critical position that might determine whether it will continue tanking or register a recovery rally in the next few days. Bitcoin is currently trading at $33,627 after […]

New data regarding stablecoin activity says this about the market sentiment

The crypto market is facing a testing start to May. With the Feds announcement, the market has faced two major dips already with the latest being a 3.7% dip. Amidst this, there has been yet another statistic has come out that can cause a bit of worry and raise a lot of eyebrows. Stablecoins, namely […]

Bitcoin: Short term price action looks bleak but here’s what to look out for

The broader crypto market has seen better days. Bitcoin took a hit and fell by 3.7% in the same duration with liquidations rising to $120 million. What do these conditions entail for Bitcoin after the recent market volatility? Another day, another dip for the crypto “big brother.” After falling by another 3.7%, skeptics were quick […]

Bitcoin Slips to $34.5K, Are Short-Term Holders Behind the Selling Pressure?

Bitcoin has been downtrending since May 5, and liquidation in the market continues over the weekend. (Read More)

Bitcoin Slips to $35.7K as Daily Active Addresses Hit a 5-Month High

Bitcoin (BTC) entered the weekend in the red after dropping to the $35.7K level based on a high number of daily active addresses, according to market insight provider Santiment. (Read More)

The Bitcoin conundrum: Metrics depict conflicting views for BTC

Bitcoin crashed to a weary low of $35,000 yesterday before stabilizing and moving sideways. It is a worrying time to be Bitcoin HODLers but, 2022 has been a turbulent year for them. Beginning with tightening fiscal policies, and then subdued by geopolitical headwinds, the worries are evident. But is there any hopeful news around the […]

Bitcoin Futures in whirlwind, could it defy bearish odds in near-term

Bitcoin, Ethereum, and other major cryptocurrencies crashed, wiping around $100 billion from the combined crypto market. At press time, the global cryptocurrency market cap dropped by more than 7% to $1.6 trillion. The sudden crash comes amid the aftermath of the Federal Reserve’s hawkish 50-basis point interest rate hike. To add to this, the Bank […]

Bitcoin bear running sprint or marathon? Answer might make you portfolio-sick

With the king coin testing new support levels every single day, it can be said that the bear has outright refused to come out of its ongoing slumber and wishes to stay in hibernation. The last month has been extremely draining for Bitcoin (BTC) as the token fell from $46,598 on 4 April to $36,432 […]

Bitcoin Needs to Reclaim $37.5K before Painting a Bullish Picture

BTC needs to reclaim the previous support level of $37.5K to boost its chances of bullish momentum. (Read More)

Bitcoin Bleeds as Celebrations about Interest Rate Hike Becoming Short-Lived

After hitting the $40K level as Fed’s interest rate hike made airwaves on May 4, Bitcoin finds itself on the receiving end because it has sunk to a two-month low. (Read More)