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First Mover Americas: BoJ Comments Offer Relief to Crypto
[Aug 7, 2024 12:08 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin needs $59.1K weekly close amid doubt over BTC price all-time high
[Aug 7, 2024 11:05 AM] Bitcoin bulls have their work cut out, and the weekly close is the first hurdle — the BTC price rebound must flip $59,000 to support.
$0 Flows: BlackRock Unshaken Despite Recent Bitcoin Market Crash, Data Shows
[Aug 7, 2024 11:00 AM] Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red…
Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish
[Aug 7, 2024 9:00 AM] Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who…
Bitcoin ‘ghost month’ started with a 20% BTC price flash crash — What’s next?
[Aug 7, 2024 8:15 AM] Bitcoin prices have seen flash crashes during each ghost month since 2017, and 2024 appears to be no different.
Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown
[Aug 7, 2024 8:00 AM] Bitcoin may be experiencing a price recovery towards the $57,000 level after a sharp 20% drop on Monday that sent the largest cryptocurrency on the market to a low of $49,000 not seen since February. Still, BTC is not out of the woods yet, as a…
Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests
[Aug 7, 2024 6:30 AM] Bitcoin has gone through a major crash recently, but has the asset yet breached the historical bear market boundary? Here’s what on-chain data says. Bitcoin Is Currently Under Realized Price Of New Whales In a new post on X, CryptoQuant…
Bitcoin's Impending 'Death Cross' May Trap Bears as Bank of Japan Eases Rate Concerns
[Aug 7, 2024 5:42 AM] The ominous-sounding technical price pattern could again trap bears on the wrong side of the market as the Bank of Japan plays down chance of a near-term interest rate hike.
Surge in Bitcoin Scams Hits Lubbock, Police Warn
[Aug 7, 2024 5:30 AM] Lubbock police in Texas have reported a notable increase in bitcoin-related scams, with victims losing significant amounts of money. Over the last few months, 20 to 30 individuals have come forward to report scams involving gift cards and bitcoin…
Is Bitcoin Really Safe? New Insights from ‘Black Swan’ Author on Recent Crash
[Aug 7, 2024 5:00 AM] Bitcoin has led a global crypto market downturn in the past few days, with the asset down to as low as $49,751 on August 5. This significant plunge from Bitcoin has been attributed by many to the downturn in the Japanese markets. The Trigger in…
'Something is happening' — Bitcoin hodlers scooped $23B in the past 30 days
[Aug 7, 2024 2:55 AM] On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump.
Bitcoin Price Gains Strength: 100 SMA Crucial for Sustained Gains
[Aug 7, 2024 2:41 AM] Bitcoin price started a recovery wave above the $55,000 resistance. BTC must clear the 100 hourly SMA to continue higher in the near term. Bitcoin started a recovery wave above the $53,500 and $55,500 levels. The price is trading below $58,000 and…
Bitwise CIO Believes The Crypto Crash Sets The Stage For Bitcoin To Thrive – Key Reasons Why
[Aug 7, 2024 2:00 AM] In the aftermath of a tumultuous week that saw Bitcoin (BTC) plummet to a seven-month low of $49,000 on Monday, global financial markets were rattled by a significant downturn, sparking concerns across stock exchanges and the crypto sphere. …
Bitcoin Crash Over? Veteran Trader Predicts Rebound To $90,000
[Aug 7, 2024 12:30 AM] The Bitcoin crash may be over, as a crypto trader has predicted a significant rebound for the pioneer cryptocurrency, foreseeing Bitcoin soaring to new all-time highs of $90,000. This bullish projection comes amid the recent downtrend in the price…
Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’
[Aug 6, 2024 11:18 PM] Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for…
Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High
[Aug 6, 2024 8:00 PM] Crypto analyst Rekt Capital has provided some form of optimism for Bitcoin investors, suggesting that the massive sell pressure on the flagship crypto is almost over. This comes amid a significant surge in Bitcoin’s dominance. Bitcoin Seller…
Semler Scientific Studied MicroStrategy’s Success Before Adopting Bitcoin Strategy
[Aug 6, 2024 7:48 PM] It was more than two years before Bitcoin's birth when Dr. Herbert Semler, who served as a flight surgeon in the Korean War before leading cardiology at a Portland hospital, co-founded Semler Scientific in 2007.Seventeen years later, the medical…
Bitcoin traders regain optimism as BTC price aims to reclaim $57K
[Aug 6, 2024 6:45 PM] Traders say Bitcoin presents the “best buying opportunity” after BTC’s price rebounds toward the $57,000 level.
Valour to launch digital asset ETPs in Kenya
[Aug 6, 2024 6:04 PM] Valour is moving out of Europe to the green pastures of Africa by way of passporting.
Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
[Aug 6, 2024 4:01 PM] Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.
BTC price chart shows Bitcoin can match $49.5K lows within days
[Aug 6, 2024 1:58 PM] BTC price action has a habit of “filling” downside wicks within days or weeks, the Bitcoin daily chart shows.
First Mover Americas: Crypto Rebounds From Monday's Chaos
[Aug 6, 2024 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Rebounds Past $56,000, Ethereum Over $2,500: Key Factors
Semler Scientific Buys Another $6 Million Worth of Bitcoin
[Aug 6, 2024 9:41 AM] Semler Scientific, a public medical technology company, announced it had purchased an additional $6 million worth of Bitcoin. This latest purchase brings its total Bitcoin holdings to 929 BTC, worth $63 million.JUST IN: Public Company Semler…
Bitcoin's Death Cross Is Looming Again
[Aug 6, 2024 9:22 AM] The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator.
Bitcoin speculators realize $850M losses in sub-$50K BTC price dump
[Aug 6, 2024 9:16 AM] Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but “diamond hands” contribute just $600,000.
Bitcoin MVRV Lowest Since FTX Crash, Signal To Buy?
[Aug 6, 2024 9:00 AM] On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio has observed a plunge alongside the latest price crash. Bitcoin 30-Day MVRV Ratio Is Now At Lowest Levels Since FTX Collapse As explained by analyst Ali Martinez in a new…
Investors Pull Back: $528 Million Vanishes From Crypto Funds Amid Economic Fear
[Aug 6, 2024 7:00 AM] The global economic market has now so far shown increasing signs of instability which appears to have impacted the overall crypto investment sector negatively. Recent data from CoinShares has revealed a reversal in the flow of funds, with crypto…
Analyst Warns Bitcoin (BTC) Price Could Drop Another 20%
[Aug 6, 2024 6:00 AM] Bitcoin (BTC) saw a 20% price drop over the weekend, briefly losing the $50,000 support level. The rest of the market followed the flagship cryptocurrency, crashing around 23% in the last three days. Since then, the crypto market has momentarily…