Bitcoin Blockchain and Cryptocurrency News Center
The senior commodity strategist is bullish on Bitcoin, revealing on Oct. 18 that its relative discount to hash rate has hit levels not seen since the first quarter of 2020. Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s ($19,206) relative discount to its high hash rate in October — the largest since the first quarter […]
At the time of writing, the Bitcoin price trades at $19,159 with a 2% loss in the last 24 hours and sideways movement in the previous seven days. Other cryptocurrencies in the top 10 by market cap follow BTC, recording sideways activity over the same period. The Bitcoin price is rangebound and still unable to […]
The Merge hasn’t pushed crypto prices as expected. Instead, the third week of September has kicked off with more reds than greens. The entire market has plunged, and even the overall market cap dropped. Currently, many crypto assets are losing every hour. Many crypto exchanges are forcefully liquidating leveraged positions. According to Coinglass, the total amount liquidated […]
A set of technical indicators see Bitcoin price ending its prevailing bearish cycle, the Cointelegraph reported on September, 20. Bitcoin (BTC) recovered above the $19,000 mark on Sep. 20, a day after falling to its lowest level in three months. Bitcoin struggles after dropping below $20K On the daily chart, the BTC price rose from […]
It’s all about the big-volume buy and sell zones for Bitcoin on short timeframes, data reveals. Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action. Whales provide short-term price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp. The pair capitalized on […]
A comedown for U.S. dollar strength provides the fuel for a short squeeze in Bitcoin liquidating over $60 million of shorts. Bitcoin (BTC) bounced past $20,000 on Sept. 9 as a much-anticipated “short squeeze” took hold. Trader: BTC could go to $25,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD adding as much as $2,700 (8.7%) in hours […]
Bitcoin extended losses below the $23,650 support zone against the US Dollar. BTC must stay above $23,200 to avoid more losses in the near term, the NewsBTC writes. Bitcoin remained in a bearish zone and traded below the $23,650 support. The price is now trading below the $23,650 level and the 100 hourly simple moving […]
$24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ether are quickly extinguished. Bitcoin (BTC) returned to range resistance on Aug. 17 amid ongoing concerns that a retracement is imminent, the Cointelegraph reported. No success for Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $24,448 on Bitstamp, up 3.25% from the previous day’s […]
BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000. Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee […]
Bitcoin has been unable to break above key resistance levels at around $23,000, the NewsBTC writes. As a consequence, the cryptocurrency has been moving sideways over the past two days while preserving some of its gains over the past week. The slowdown in bullish momentum coincides with an increase in asks (sell orders) liquidity for […]