Tag Archives: BTCEUR

Bitcoin’s price took a turn for the worse in late Monday evening in Europe. The sellers have reappeared and established control, pushing the cryptocurrency below $67,000, losing about 2.5% in the past 24 hours. The move has pushed the total liquidations in the derivatives market to about $200 million. In the past four hours alone, almost $70 million worth of leveraged positions—the majority of them long — were wiped off the market. Source: CoinglassThis latest move caused a...

The landscape around the spot Bitcoin ETFs turned highly positive in the past week, with the products attracting more than $2 billion in net inflows. This has become their best five-day trading period in this regard since mid-March. Massive Inflows for BTC ETFs It’s safe to say that it was a big week for the 11 US-based spot Bitcoin ETFs, with several multi-month peaks, such as BlackRock’s best day since July on Wednesday. The total net inflows rose above $20 billion that...

Bitcoin’s price actions have calmed during the weekend, as probably expected, and the asset remains above the $68,000 level. The altcoins have been slightly in the red in the past day, but they went through a highly positive trading week, with impressive gains from ETH, SOL, BCH, and especially DOGE. BTC Calms Above $68K Last weekend went without any fireworks as BTC had recovered to $62,000 after slumping below $59,000 on Thursday. The eventful price movements were left for...

Historical data shows bitcoin (BTC) performing well in the fourth quarters of previous bull cycles, especially in halving years. Current on-chain data indicates that the leading cryptocurrency is following previous patterns and is on track to another remarkable Q4. A report by the market analytics platform CryptoQuant revealed that bitcoin’s price rally in the coming weeks could be sustainable because demand for the asset is recovering and growing at the fastest monthly pace...

Bitcoin’s impressive performance as of late continued in the past 24 hours as the asset tapped $69,000 for the first time since July 29 before retracing slightly. Most alts are with minor gains over the past day, aside from DOGE, which has only doubled down on its recent massive run. BTC Stopped at $69K The primary cryptocurrency stood around $62,000 and $63,000 last Saturday after it had recovered several grand from the sub-$59,000 dump on Thursday. Last weekend went...

BlackRock CEO Larry Fink said Bitcoin (BTC) is an asset class, comparing its investment potential to that of gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now views Bitcoin as an alternative to traditional commodities. Bitcoin Is an Asset Class “We believe Bitcoin is an asset class in itself. It is an alternative to other commodities like gold,” the 71-year-old said during the call, highlighting that BlackRock is discussing potential...

Bitcoin’s price is finally showing some promising signs of bullish continuation. The big question now is if the consolidation period is over or if this is just a temporary bounce. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, BTC has been consolidating below the 200-day moving average (around the $64K mark) for some time now. However, today’s price action suggests the consolidation period is over, as the daily candle has broken...

Bitcoin’s price remains in a state of indecision, confined within a tight consolidation range bounded by the 100-day and 200-day moving averages. An impending breakout from this range will likely determine the asset’s short-term direction. Technical Analysis By Shayan The Daily Chart Bitcoin has been stuck in a multi-month consolidation between the $55K-$71K price range since March 2024, with no clear trend or direction emerging. This prolonged period of sideways movement...

Bitcoin’s price exploded above $63,000 today, reaching a local high at around $63,400. Even though it has since retraced to where it currently trades at $62,700, this is still a considerable increase of 4% for the past 24 hours. Source: TradingViewIt’s also important to note that Bitcoin has managed to outperform the rest of the leading cryptocurrencies, which are charting marginal gains. So, what are the reasons for this recovery? What could be driving the BTC price up in...

After a few days of depressing price action, the bulls appear to be finally back in town. The cryptocurrency market added almost $70 billion to its total capitalization over the past 24 hours. This happened on the back of Bitcoin charting a notable recovery in the past 24 hours, bouncing up to $63,000, so let’s have a look. Bitcoin’s Price Stages a Recovery Just a couple of days ago, Bitcoin tumbled below $60,000 and even briefly dipped below $59,000. Fortunately, the bulls...