Tag Archives: Bitcoin (BTC) Price

After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom.Bitcoin Bounces Off $10KThe bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500.From a...

The Bitcoin (BTC) price dip seen on Thursday has triggered a cascade of forced liquidation on derivatives exchanges like BitMEX and Bitfninex. U.S. stocks have also taken a beating, with the markets experiencing its worst performance since June.Bitcoin Long Bloodbath as BTC Price Falls to $10,700According to data from the crypto derivatives analytics platform Datamish, about $131 million in Bitcoin Longs on the BitMEX exchange got liquidated, following Bitcoin’s plunge to below $10,500.As...

Bitcoin has dramatically extended its losses today, as prices slide a further $1,000 in under 24 hours. Yesterday, we observed how the leading asset was recovering along with the $11,400 and expected it would push sideways before another big move arrived.Looking at the 4-Hour chart, we can see it did exactly that. Until the early hours of today, BTC was hugging tightly along the prior support zone (green) until another huge wave of selling pressure arrived and drove prices down to $11,225...

It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.Bitcoin Plummets Below $11KIt’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some...

After starting the month of September around the $12k mark, Bitcoin experienced a sharp correction today that crashed it to lows of nearly $1,160 in a matter of hours, erasing the gains of almost five days.Admittedly, a nervousness during the correction was to be expected as several traders adapted their strategies to this sharp move. Still, things got worse when two of the most popular crypto exchanges started to lag.Binance and Coinbase lagging during the crashAt 4 am PDT, Coinbase...

Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily.Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines).Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss.Bitcoin Dives By 5%Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears...

Bitcoin bulls were met with another wave of intense selling pressure at the psychological $12,000 yesterday, which sent prices reeling $900 all the way back to the $11,160 level.This is the third time in under a month that BTC has experienced a strong rejection at this critical level of around $11,100.In the previous analysis from yesterday, we anticipated that Bitcoin breaking into the overbought region on the 4-Hour RSI would create some intense selling pressure against the uptrend. This...

Investment has been pouring back into the global crypto market and Bitcoin consistently now since August 27, from a low of $348 billion to its current peak at $387 billion – according to data from Coinmarketcap.This influx of capital has helped the leading crypto’s price climb over $800 from it’s monthly low at $11,115, just four days ago, and is now driving BTC back up towards that all-important $12,000 level.Today, BTC has successfully broken out of the tight Fibonacci range it was trapped...

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...

As another week comes to its end, let’s start from the bottom line: Bitcoin price ends the week exactly where it started it, hovering around the $10,600 mark.It wasn’t a remarkable week for Bitcoin, unlike the other cryptocurrencies, especially the DeFi ones, that saw triple-digit gains.Looking at the shorter timeframe, which is seen on the following 4-hour chart, Bitcoin had formed a double-bottom around $11,100. The latter is considered to be a bullish pattern unless the bottom is broken...