Bitcoin speculators hodl 2.8M BTC in ‘worst performing’ price cycle
[Jul 11, 2024 2:38 AM] Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions.
141 / 428 Relevant items tagged with #BItcoin
Posts: 12,838
Posts
Economist Predicts 90% Chance Bitcoin Hits New High By March 2025
Bitcoin Waits for Guidance From U.S. Inflation Data, Bond Market
[Jul 11, 2024 12:46 AM] Increased prospects of Fed rate cuts could bode well for BTC's recovery.
German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind
[Jul 10, 2024 11:00 PM] In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month. Bitcoin…
Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets
[Jul 10, 2024 10:00 PM] The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer…
Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline
[Jul 10, 2024 9:00 PM] To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year. Goldman Sachs Aims To Capitalize On Tokenization…
Bitcoin Price Hit By Rejection: Will Bulls Stumble Once More?
[Jul 10, 2024 8:38 PM] Bitcoin price struggled to clear the $59,500 level. BTC is moving lower and now at risk of more downsides toward the $56,000 level. Bitcoin started another decline from the $59,475 resistance zone. The price is trading above $57,200 and the 100…
Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40%
[Jul 10, 2024 8:00 PM] Canadian rapper Drake lost another Bitcoin bet after Argentina beat Canada 2-0 in the Copa America semifinals. The Argentine Football Association (AFA) fan token soared over 40% following the victory. Bitcoin Bet Lost: Did The ‘Drake Curse’ Do It…
Protocol Village: SKALE's 'Pacifica V3' Upgrade to Double Transaction Throughput
[Jul 10, 2024 7:20 PM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 18-24.
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
[Jul 10, 2024 6:31 PM] The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection…
Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits
[Jul 10, 2024 3:41 PM] 83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022.
Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip
[Jul 10, 2024 2:37 PM] Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market…
Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG
[Jul 10, 2024 2:01 PM] Recent blockchain movements sparked "irrational" fears, offering a buying opportunity for investors, NYDIG's Greg Cipolaro said.
Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low
[Jul 10, 2024 1:35 PM] Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the…
Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying
[Jul 10, 2024 12:19 PM] Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction.
Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
[Jul 10, 2024 11:25 AM] Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels.
Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
[Jul 10, 2024 10:30 AM] Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million…
Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?
[Jul 10, 2024 9:30 AM] A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs. Bitcoin Anticipated To…
Bitcoin traders’ profit margins repeat 2022 bear market — New research
[Jul 10, 2024 9:21 AM] Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says.
Bitcoin at Pivotal Point as Bear Market Beckons: Onchain Data
[Jul 10, 2024 8:27 AM] Bitcoin is it a crucial stage in this market cycle as several factors signal continued downside whilst others indicate that BTC is set to bottom out.
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
First Mover Americas: Bitcoin Climbs Back Above $59K, but Rally Could Be Short-Lived
[Jul 10, 2024 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
German gov’t $354M BTC sell-off: Yet more volatility incoming?
[Jul 10, 2024 4:10 AM] The German government is ramping up its Bitcoin sell-off, preparing to offload an additional $342 million worth of BTC.
Bitcoin sellers are trying to keep BTC price below $60K
[Jul 10, 2024 2:45 AM] BTC price upside momentum is building, but liquidity is bunching at $60,000 in an attempt to keep the market from reclaiming lost ground.
8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’: Fund Manager
[Jul 10, 2024 2:00 AM] While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a…
Bitcoin Loses Correlation With US Equities As Supply Challenges Mount
[Jul 10, 2024 1:00 AM] In recent months, the correlation between surging US equities and Bitcoin (BTC) has shown signs of collapse, as the cryptocurrency faces a combination of excess supply and weakened demand that has led to an over 20% price drop from June highs above…
Bitcoin Traders Beware: Analyst Warns Of Potential Traps Amid Price Fluctuations
Asset Manager Digitalx Set to Launch Second Bitcoin ETF on Australia’s Main Stock Market
[Jul 9, 2024 9:38 PM] On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by…
Bitcoin to the Moon? 300% Growth Predicted By This Latest Crypto Analysis
Bitcoin Price Targets Recovery: Will It Surpass the $60K Mark?
[Jul 9, 2024 8:43 PM] Bitcoin price is slowly moving higher above the $56,500 level. BTC might gain bullish momentum if it clears the $58,500 resistance zone. Bitcoin started a recovery wave above the $56,500 and $57,000 levels. The price is trading above $57,000 and…