Bitcoin (BTC)

Bitcoin price started a downside correction from the $71,500 zone against the US Dollar. The price is now trading below $68,000 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $68,200 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $63,350 support zone. Bitcoin price is correcting lower below $68,000 against the US Dollar. BTC...

The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the government to sell its coins. Shortly afterwards, the government’s wallet transferred 1999 BTC to Coinbase Prime, worth...

The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31. Miners In Massive Profit The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31. Miner revenues are almost...

TL;DR Bitcoin has seen a significant price dip, dropping to almost $65,100. Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the asset’s market performance. Abandoning Exchanges The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGecko’s data), some essential factors hint the trend may not...

The digital asset markets expanded substantially over the first quarter of 2024, catalyzed by an end to the decade-long effort to introduce spot Bitcoin ETFs in the US. While Q1 was a turning point in many ways, Q2 kicked off on a turbulent note. Bitcoin’s plunge below $65K and the substantial decline in altcoins’ market caps is a concerning retracement as April unfolds. Despite this downturn, the crowd sentiment remains resilient. Crowd Confidence According to Santiment’s...

Ethereum (ETH) is losing a key support level against its larger crypto rival, Bitcoin (BTC), amid a broader crypto market selloff that began on Monday. Data from TradingView shows that 1 ETH is now worth less than 0.05 BTC, trading for 0.04961 BTC at writing time. The last time the ETH/BTC ratio traded so low was in January, after a brief crypto market selloff after Bitcoin ETFs went live. The last rare period at a similar ratio was when ETH skyrocketed in April 2021, after...

CoinspeakerCrypto Market Poised for Positive Second Quarter despite Recent Corrections, Coinbase Reports A recent research conducted by Coinbase said the market is poised for a positive second quarter despite the recent corrections that saw Bitcoin retrace to $65,000 on April 2, 2024.  Crypto Market Poised for Positive Second Quarter despite Recent Corrections, Coinbase Reports

CoinspeakerDigital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down While the Bitcoin investment products registered strong inflows, the Ethereum products registered their fourht consecutive week of outflows. Digital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down

CoinspeakerBitcoin Bull Max Keiser Slams Argentina’s New Bitcoin Regulatory Regime Max Keiser, who dubs himself as the High Priest of Bitcoin, has launched a scathing criticism against Javier Milei, the libertarian President of Argentina, for his recent move to regulate BTC in the country. Bitcoin Bull Max Keiser Slams Argentina’s New Bitcoin Regulatory Regime

CoinspeakerCrypto.com to Launch Retail Trading in South Korea Amid OK-BIT’s Shutdown Crypto.com plans to launch retail trading in South Korea on April 29th in order to replace its previously acquired local exchange OK-BIT’s services. The company faces regulatory hurdles but eyeing South Korea’s active crypto market amidst stiff competition. Crypto.com to Launch Retail Trading in South Korea Amid OK-BIT’s Shutdown