Tag Archives: Bitcoin (BTC) Price

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Bitcoin is ending today (Sunday) a second bloody week, which could probably turn into the worst-ever week for the primary cryptocurrency if we measure it dollar-wise. On May 10, just 13 days ago, the price was trading at nearly $60K. This week’s low from Wednesday lies slightly above $30K, according to Bitstamp. A 50% decrease in 13 days, and 54% below the ATH level of around $65K  recorded on April 14. $16K weekly candle. BTC/USD weekly chart, Source: TradingView As...

Bears continue to take their toll on the cryptocurrency market as the prices are still bleeding out. The total market capitalization lost over $180 billion since yesterday’s peak. It’s worth pointing out, though, that throughout the past few days, Bitcoin’s dominance – the index that tracks BTC’s share relative to that of the entire market – is increasing and now sits at almost 46%. Bitcoin Price Slides Below $35K Yesterday, bitcoin’s price was on the verge of recovery. It...

Tesla’s electric vehicle competitor Fisker Automotive has no plans to interact with bitcoin, said the company’s CEO, Henrik Fisker. During a recent interview, the executive also touched upon the growing environmental concerns and called BTC “not a sustainable solution.” Fisker Won’t Get Involved With Bitcoin Although Tesla and its CEO, Elon Musk, caused massive turbulence in the markets most recently, the electric vehicle maker is actually one of the largest BTC holders....

Volatility could be scary for some BTC investors, but it’s the price to pay for overperforming the S&P index 10x over a decade, said MicroStrategy’s CEO, Michael Saylor. He also described Elon Musk as “enthusiastic” about the bitcoin space following the latest criticism from Tesla’s CEO. Speaking on the enhanced volatility that bitcoin faced in the past week or so, Saylor joined others indicating that such dramatic fluctuations could be expected to some extent in the...

With bad news attacks coming from all directions over the past week, bitcoin’s price fails to recover any of the recent losses. In the past 24 hours alone, the cryptocurrency fell by almost $10,000 following another set of China FUD. Most altcoins have it even worse, with double-digit price slumps charted from ETH, BNB, ADA, DOGE, XRP, and more. China Causes Another $9K Dip for BTC Bitcoin has seen better days. The massive sell-off during the week caused substantial...

It appears that Chinese authorities are doubling down on their reiterations of the previous crackdown on cryptocurrencies. The latest stark warning comes from the State Council of China. According to a report issued today, the Financial Stability and Development Committee of the State Council of China held a meeting, pointing out that “the financial system resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, increased...

Although bitcoin’s price may have tumbled by 40% since its peak, the asset’s popularity and engagements are actually booming. According to recent on-chain data, the number of tweets involving the primary cryptocurrency has spiked to a new all-time high amid and following the latest market crash. Bitcoin Twitter Engagements Through the Roof Jack Dorsey’s social media giant is arguably the most preferred platform for crypto fans, investors, and proponents to engage with each...

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

It seems that Elon Musk is not the nice guy on the neighborhood aymore. Instead, people could be getting tired of his tweets —or maybe the losses after the flash crash following his claims that Bitcoin was dangerous for the environment were the last straw for many cryptocurrency enthusiasts who are no longer afraid to criticize him. Recently Elon became the trolled troll of Crypto Twitter. Just moments after he tried to mock Michael Saylor, the CEO of Tesla received so much...