Tag Archives: Bitcoin (BTC) Price

Bitcoin traders utilizing the popular derivatives exchange BitMEX still seem significantly more bearish on the asset’s future price developments, on-chain data reveals. At the same time, a prominent analyst argued that the most violent stages of the recent market crash are over, which could suggest good entry opportunities. BitMEX BTC Traders Still Bearish Bitcoin’s price went through a roller-coaster in the past month propelled by FUD and over-leveraged positions on...

Despite the most recent price fluctuations with bitcoin, whales have not been deterred from accumulating sizeable portions. Buying 100,000 coins in less than a month, they now own almost half of the circulating supply. Whales Own Almost 50% of BTC in Circulation Bitcoin whales are typically separated into a few groups. Perhaps the most active one comes from wallets containing between 100 to 10,000 bitcoins. Sometimes, their behavior can determine the price action in the...

Roughly a month after the massive mid-May market crash, when BTC crashed from over $50,000 to $30,000, the general sentiment among traders has normalized to neutral levels. The Fear and Greed index has also returned to a less fearful state. Bitcoin Investors Less Fearful The price of the primary cryptocurrency went through its worst market crash in terms of USD value in mid-May. Negative news coming from Tesla, Elon Musk, more China FUD, and over-leveraged positions...

Bitcoin is up by a total of 20% this week and it’s back at the $40K mark range. Quick recap: BTC bounced from $34,760 on Sunday and surged even more on Monday to break the early June significant highs at $39,500 and even reach resistance at $40,760 (bearish .382 Fib Retracement). The bullish momentum stalled slightly since reaching the resistance at $40,760 but manages to remain above $39,500 (early-June highs) and created a short-term tight trading range. In addition, BTC is...

After reclaiming $40,000 for the first time in nearly three weeks, bitcoin kept climbing and even exceeded $41,000 briefly. Most alternative coins have stalled or retraced in the past 24 hours, which has helped BTC increase its dominance over the market. Bitcoin Sees a 26-Day High The past several days were quite bullish for the primary cryptocurrency. It started last week with positive news coming from El Salvador, after which BTC surged from $31,000 to about $35,000, where...

The American billionaire Tim Draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further opined that the primary cryptocurrency would be the core of all financial activities for the next 20-30 years. BTC Is The Future Tim Draper – an American venture capital investor – shared with CNBC his bullish view on BTC’s future value. He forecasted that despite the volatility in the crypto market, the primary digital asset would hit $250,000 by the end of...

Although bitcoin has already added $10,000 of value in a week to $40,000, some on-chain features suggest even more bullish developments awaiting right around the corner. From the Stablecoin Ratio to increasing active addresses to corporations buying and holders still holding. Reason 1: Bitcoin to Stablecoin Ratio According to data from CryptoQuant, the Bitcoin to stablecoin ratio oscillator has gone into bullish territory. This metric highlights the ratio of the number of...

MicroStrategy, the company, spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has completed yet another senior secured notes offering to buy more BTC. In an announcement revealed today, MicroStrategy said it’d completed a $500 million offering of senior secured notes due 2028 to buy more bitcoins. As it stands, the company now owns approximately 92,079 bitcoins. The notes have been sold in a private offering to qualified institutional buyers in full...

After yesterday’s price declines, bitcoin has calmed around the $35,000 price line. Most alternative coins are also somewhat stagnant on a 24-hour scale, aside from Polygon (MATIC). The asset has spiked by double-digits to $1.4. Minor Recoveries Among Alts: Polygon 15% Up The weekend didn’t start all that well for the altcoins market. The biggest altcoin, Ethereum, had already retraced from $2,600 to $2,500 before it went even further south to $2,250. Since then, ETH found...

After riding high for a few days, the bitcoin bears have regained control and pushed down the asset by a few thousand dollars to around $35,000. Most alternative coins have suffered even more severely, with ETH down to $2,300 and BNB to $330. Bitcoin Falls to $35K Bitcoin performed rather well in the past few days following bullish news from El Salvador, India, and some large corporations wanting to get a piece of the cryptocurrency pie. BTC spiked to a six-day high at...