Crypto market analysts attribute the price decline more to Bitcoin miner capitulation than the Mt. Gox news. The BTC price has recovered back to $61,500. Bitcoin miners are now financially…
Browsing: BTC Price Correction
Despite Bitcoin’s recent price drop to $63,600 and ongoing bearish conditions, the derivatives market shows strong buying interest at dips, with a notable increase in call option purchases on Deribit.…
Recent research from Glassnode highlights that the majority of BTC investors remain profitable, with over 87% of the circulating supply held in profit. Glassnode’s analysis using the market value to…
Analysts like CrediBULL Crypto are cautiously optimistic, suggesting a potential bottom for Bitcoin. The $64,000 level has shown strong buying support, but if broken, Bitcoin could drop further to critical…
Analyst Willy Woo attributes Bitcoin’s recent bearish momentum to selling pressure from long-term holders (LTHs), as evidenced by spikes in the Coin Days Destroyed (CDD) metric. The prevalence of “paper…
Outflows from all nine Bitcoin ETFs on Tuesday amounted to $326 million, highlighting a notable shift in market sentiment, especially among institutional investors anticipating the FOMC decision. Bitcoin’s decline is…
Despite initial optimism following the approval of Bitcoin ETFs, the crypto experienced an unexpected decline, dropping over 7% from $49,000 to an intraday low of $45,644. In contrast to the…
Despite recent Bitcoin price correction, technical indicators and on-chain data indicate BTC’s resilience as bulls strive to reclaim levels above $44,000. However, support at $40,000 remains crucial, and on-chain data…
The crypto market has been rocky in recent days despite the hope that the monumental Ethereum Merge would be a catalyst for recovery. Crypto analysts agree Bitcoin has not bottomed…
Post the recent purchase, the El Salvador Treasury now holds a total of $1,120 BTC. With Friday’s Bitcoin options expiry, bulls can take the BTC price back above $60,000. On…
Coinbase deleted its tweet for reasons unknown which said a Bitcoin ETF is coming soon. The article shared by Coinbase notes that the crypto fund management market is set to…
Bitcoin continues with its tepid performance as the market comes under “extreme fear” conditions. Crypto market enthusiasts remain bullish about the upcoming fourth quarter. Crypto markets remain under pressure and…
Bitcoin whales continue heavy buying amid the recent price slowdown but ong term holders supply reaches record levels of 80 percent. Bitcoin blockchain network produces 700,000th block in recent milestone.…
The asset manager bets against Bitcoin saying that it has no intrinsic value. He said that cryptocurrencies have just out like a religion for several of the new market entrants.…
The government of El Salvador purchases additional Bitcoin during the BTC price dip. Profit-takers have turned active after the solid rally in the crypto market over the last month. On…