Tag Archives: Bitcoin (BTC) Price

It’s been a relatively calm 24 hours in the cryptocurrency market, with the majority of coins failing to gain any notable grounds. The opposite is also true – most of the altcoins trade in a state of equilibrium. While this might oftentimes turn out to be a precursor to a considerable move in either direction, let’s have a closer look at how prices developed in the last day. Bitcoin Price Solidifes at $61K The BTC price was consolidating around $60K yesterday, but the bulls...

There will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This is the prediction from analyst ‘RamenPanda’ who explained their thinking in a lengthy post on X on June 27. The analyst noted that during times of financial crisis, such as in 2008, the Fed cuts rates to preserve the economy. However, in that scenario, markets fared worse, and stocks fell following the cuts. We all know it’s pretty certain that...

According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 BTC worth roughly $3.05 million to the cryptocurrency exchange Binance. A miner wallet woke up after being dormant for 14 years and...

American entrepreneur and Rich Dad Poor Dad author Robert Kiyosaki has revealed that he made his first Bitcoin (BTC) purchase when the asset was worth $6,000 due to encouragement from former Goldman Sachs executive Raoul Pal. According to Kiyosaki, his first 30 BTC purchase has incurred substantial returns over the years; hence, he believes Pal’s predictions that the cryptocurrency would soon hit the Banana Zone. Pal’s Banana Zone Prediction Last week, Pal discussed the...

Bitcoin whales are quietly scooping up BTC, according to the latest analysis by IntoTheBlock. There has been a shift in Bitcoin accumulation patterns with a surge in net inflows to the largest wallets despite the prevailing market sentiment of FUD. Bitcoin Whales Increase Holdings By 7,130 BTC The data revealed that holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day, with the stash worth around $436...

Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst first noted on Tuesday that the activity of Bitcoin miners – a cohort “often overlooked” by market watchers. Since the fourth Bitcoin...

The Monday massacre continues as the primary cryptocurrency slipped below $60,000 for the first time in nearly two months. The altcoins are in a dire state as well, with several double-digit price losers, as well as many others with 5-10% drops. CryptoPotato reported earlier today the adverse start of the trading week for bitcoin and the rest of the crypto market. Back then, the largest digital asset had lost over two grand within hours and slumped to a 6-week low of...

The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty. Although the stock market also falls in this category, at least to an extent, it has been on a wild run in the past few weeks, with multiple new all-time highs from the most prominent indexes. At the same time, crypto has suffered and the largest digital asset have plummeted since March. US Stock Market on a Roll Perhaps driven by the hype...

The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season. Lack of Bullish Momentum The lack of bullish momentum in the crypto market is evident in weak bitcoin whale demand growth and low stablecoin liquidity....

There has been increased speculation over a Bitcoin miner capitulation as hash rate increases slow down, operational costs increase, and the asset price continues to fall. Analyst James Check assessed miner-side sell pressure to determine the severity of the miner selloff in a video on June 21. Miners selling after a halving event and the slashing of their block subsidy is quite normal, he said. I’ve seen a few folks speculating as to whether #Bitcoin miners are capitulating...