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Biggest Ever Monthly BTC Price Drop: 5 ‘Gyrations’ to Watch in Bitcoin this Week

A shake-up among miners and feasting whales provide the backdrop for serious volatility in Bitcoin continuing, the Cointelegraph reported. Bitcoin (BTC) is circling $35,000 at the start of the week after a fresh dip panics weak hands and fuels a whale feast — what’s next? After hitting $30,000 in a “capitulation bottom” event, a rebound […]

Bitcoin Price Slips Below $34K: What Are the Key Levels to Watch?

The price of Bitcoin dropped below $34,000 as traders look to the next levels of support, the Cointelegraph writes. The price of Bitcoin (BTC) fell below $34,000 on major exchanges including Binance as the cryptocurrency market’s corrective phase continues. Large inflows of Ether (ETH) into exchanges were spotted before the latest downturn, suggesting that ETH […]

Bitcoin Price Bounces at $36.7K as FUD Over a New China Crackdown Fades in Minutes

The best efforts of mainstream media to spark another price crash fail as BTC/USD rebounds after a mere 10% drop, the Cointelegraph reported. Bitcoin (BTC) saw a fresh price dip on May 21 amid reports that China had reiterated its pledge to crack down on mining and trading. China and Bitcoin: Old news Data from Cointelegraph […]

Why Bitcoin Price Rebounding to $40K is Anything but a ‘Dead Cat Bounce’

BTC price action effectively knocks down and rebuilds the market, while holding onto its $10,000 gains, the Cointelegraph reported. Bitcoin (BTC) saw a dip like no other on May 19, falling to $30,000 in a frantic three-hour shakeout which upended the market. As the dust settles, however, it’s no longer about the dip, but rather […]

Cardano Breaks Out vs. Bitcoin as ADA Price Discovery Nears $2

The current “alt season” has produced serious returns but remains subdued when viewed in BTC terms. ADA, the native token of the Cardano smart contract platform, has joined the altcoins hitting new all-time highs this week. Cardano underscores “alt season 2.0” appetite Data from Cointelegraph Markets Pro and TradingView shows ADA/USD hitting over $1.70 for the first time on […]

Bitcoin Price Consolidates Near $50K, Why BTC Bulls Could Fail Near $52.5K

Bitcoin price extended its decline below the $50,000 support against the US Dollar. BTC is now consolidating losses and it remains at a risk of more downside below $48,000, the NewsBTC writes. Bitcoin declined heavily below the $52,000 and $50,000 support levels. The price is now trading well below $52,000 and the 100 simple moving […]

Investors’ On-Chain Activity Hints at Bitcoin Price Cycle Top Above $166,000

The Bitcoin cycle top would likely come in at price levels above $166,000 per coin if history repeats, the Cointelegraph writes. After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels. Furthermore, the […]

Bitcoin Dips Under $60,000 — What’s Pulling Down BTC Price?

The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing. The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the […]