[May 29, 2023 8:56 PM] Bitcoin price is correcting gains from $28,400. BTC must stay above the $27,500 support to start a fresh increase in the near term. Bitcoin is correcting gains below the $28,000 support zone. The price is trading above $27,500 and the 100 hourly…
[May 29, 2023 4:00 PM] Bitcoin is finally seeing some green after trading at a loss over the past two weeks. The cryptocurrency continues to trade within a tight range, but activity in the options market could hint at a potential run toward new highs. As of this writing…
[May 29, 2023 12:00 PM] If the historical pattern in this on-chain indicator is anything to go by, hopes for the continuation of the Bitcoin rally may still be alive. Bitcoin SOPR Ratio Has Been Going Up In Recent Weeks As an analyst in a CryptoQuant post pointed out, the…
[May 29, 2023 9:00 AM] In a recent podcast appearance, Arthur Hayes, the former head of BitMEX, delivered a sobering prediction about the largest cryptocurrency by market capitalization, Bitcoin (BTC). Hayes believes that Bitcoin’s anticipated climb to an all-time…
[May 29, 2023 7:30 AM] Bitcoin climbed above the $28,000 level on Monday, as U.S. President Joe Biden confirmed that a deal was agreed in principle. Biden labeled the agreement a “compromise,” with Republican Kevin McCarthy calling it…
[May 29, 2023 6:30 AM] Bitcoin on-chain data suggests a historical support line may have helped the coin once again as the asset has recovered toward $28,000 today. Bitcoin Short-Term Holder Cost Basis May Still Be Active As Support According to data from the on-chain…
[May 29, 2023 3:30 AM] The Nigerian gift card and crypto trading platform, Patricia, announced on May 26 that one of its trading applications had been breached and that BTC as well as naira assets were compromised. The crypto exchange platform said it has since suspended…
[May 29, 2023 12:19 AM] Bitcoin Core has now rolled out Version 25.0. The most recent update includes numerous new features, bug fixes, performance enhancements, and translation updates. Bitcoin Core, the reference implementation of the Bitcoin (BTC) protocol, is…
[May 29, 2023 12:10 AM] Former BitMEX CEO Arthur Hayes believes it will cause significant volatility in Bitcoin as well, suggesting it won't likely reach a new all-time high this year.
[May 28, 2023 8:50 PM] Bitcoin price is up 4% and trading above $28,000. BTC must clear the $28,500 resistance zone to continue higher in the near term. Bitcoin is gaining pace above the $27,500 and $27,800 resistance levels. The price is trading above $28,000 and the…
[May 28, 2023 6:00 AM] The White House and House Republicans have reached an agreement in principle to raise the U.S. debt ceiling. Described by President Joe Biden as “good news for the American people,” the deal would open the door to avoiding a historic…
[May 27, 2023 6:30 AM] Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum…
[May 26, 2023 10:20 AM] In a recent note, JPMorgan strategists have made a prediction, suggesting that Bitcoin (BTC) could soar and revisit its former trading price of $45,000 due to the rising price of gold. This prediction comes amid Bitcoin’s price action of a…
[May 26, 2023 7:59 AM] On-chain data suggests a majority of the Bitcoin exchange inflows are currently coming from investors holding their coins at a loss. Bitcoin Exchange Inflow Volume Is Tending Towards Losses Right Now According to data from the on-chain analytics…
[May 26, 2023 6:37 AM] Ethereum was once again trading above the $1,800 level, after a brief breakout during Thursday’s session. Prices rose by as much as 2%, as optimism grew that the U.S. debt ceiling could be increased. Bitcoin also marginally climbed, moving…
[May 25, 2023 8:54 PM] Bitcoin price is struggling to recover above the $26,650 resistance. BTC might start another decline if it stays below the $26,650 resistance zone. Bitcoin is consolidating below the $26,600 and $26,650 resistance levels. The price is trading below…
[May 25, 2023 11:00 AM] On-chain data shows the Bitcoin Net Unrealized Profit and Loss (NUPL) has found rejection at the long-term resistance zone recently. Bitcoin NUPL Has Observed Some Decline In Recent Days As explained by an analyst in a CryptoQuant post, the BTC…
[May 25, 2023 9:00 AM] Renowned financial guru, entrepreneur, and bestselling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has once again made headlines with his latest Twitter remarks on the importance of Bitcoin in the face of growing US debt. As the US…
[May 25, 2023 8:00 AM] Bitcoin has plunged during the last 24 hours and now finds itself at the $26,200 level. Here’s why this level is important for the asset. Bitcoin 200 WMA & 111 DMA Are Both At $26,200 Right Now In a new tweet, the analytics firm Glassnode…
[May 25, 2023 7:30 AM] Bitcoin dropped below the $26,000 level on Thursday, as bearish pressure intensified in cryptocurrency markets. Prices briefly fell below the $26,000 mark earlier in the day, before rebounding. Ethereum continues to trade below $1,800. Bitcoin…
[May 24, 2023 8:52 PM] Bitcoin price is declining from the $27,500 resistance. BTC traded below $26,500 and now remains at risk of a drop toward the $25,500 support zone. Bitcoin is moving lower from the $27,400 and $27,500 resistance levels. The price is trading below…
[May 24, 2023 2:11 PM] Bitcoin price is falling, testing the low $26,000 area of support after weeks of painful, sideways consolidation. While the horizontal support line is clearly important, it’s nowhere near as critical as another line that BTCUSD absolutely must hold…
[May 24, 2023 12:03 PM] On-chain data shows the Bitcoin sell-side risk ratio has approached all-time lows recently, a sign that a big move could be coming for the coin. Bitcoin Sell-Side Risk Ratio Has Observed A Plunge Recently As pointed out by the lead on-chain analyst…
[May 24, 2023 10:57 AM] The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.
[May 24, 2023 8:31 AM] A press release shared with Bitcoinist claimed that Bitfinex partnered with crypto bank OrionX. The cooperation will allow the trading venue to strengthen its foothold in the Latin American region by targeting key countries with a high demand for…
[May 24, 2023 8:30 AM] Eight months ago, there was a significant transformation in the realm of lucrative proof-of-work (PoW) mining algorithms when Ethereum made the transition from PoW to proof-of-stake (PoS). During that period, the prevailing consensus algorithms for…
[May 24, 2023 6:42 AM] Data shows the sharks and whales of the largest stablecoins have been accumulating, something that may turn out to be bullish for Bitcoin. Sharks & Whales Have Been Loading Up On Stablecoins Recently According to data from the on-chain…
[May 24, 2023 6:33 AM] Bitcoin was once again trading below a key resistance level of $27,000 on Wednesday, ahead of today’s U.S. Federal Open Market Committee (FOMC) minutes report. Markets are expecting that the minutes will show the Federal Reserve’s…
[May 23, 2023 9:12 PM] Bitcoin price is struggling to clear the $27,500 resistance. BTC could attempt another increase if it stays above the $27,000 support. Bitcoin is still struggling to gain pace above the $27,400 and $27,500 levels. The price is trading above $27,000…
[May 23, 2023 12:00 PM] Santiment has broken down how the recent action in the Bitcoin price may have been affected by the prevailing sentiment in the market. Trends In Bitcoin Social Volume May Have Influenced The Price Recently As the on-chain analytics firm Santiment…
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