Tag Archives: BTCEUR

Bitcoin (BTC) fell under $40,000 on Monday for the first time since early December as a wave of ETF outflows pushed the asset into deeper waters. Over the past 24 hours, over $236 million in trades have been liquidated, including $208 million worth of longs. Bitcoin trades for $39,504 at writing time – a price last seen for the asset on December 2 2023. According to Coinglass, Over 90,000 traders have been liquidated in the last 24 hours. The largest liquidation took place on...

Despite positive developments such as the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission, Bitcoin’s price encountered significant rejection, resulting in a notable 17% decline. However, as the cryptocurrency approaches a crucial support region, there is potential for a renewed bullish movement. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart, Bitcoin’s attempt to overcome the substantial resistance at $48K was met with...

The cryptocurrency market seems to have been cooling off throughout the past seven days, decreasing to its current capitalization of $1.69 trillion. This comes a week after the United States Securities and Exchange Commission approved a spot Bitcoin ETF. Undoubtedly, the above has been on everyone’s mind for the last few months. Now that the approval is finally here, the market is cooling down. Somewhat expectedly, the ETF didn’t attract hundreds of billions of inflows. In...

Bitcoin is down by almost 10% as it continued to face an uphill battle following the approval of much-anticipated spot ETFs by the SEC. But relief for the flagship crypto-asset might not transpire just yet. In fact, the positive and negative movements of the Korean “Kimchi” Premium and the Coinbase Premium, respectively, signal a potential short-term correction in the Bitcoin market. Bitcoin: Short-Term Correction Imminent The Korea Premium Index (KPI) is a crucial metric for...

Bitcoin plummeted 10% below $42,000 on Friday, triggering $338 million worth of crypto market liquidations. The collapse erased most of the asset’s progress over the past month leading up to the approval of several Bitcoin spot ETFs for public trading in the United States. According to Coinglass, over 101,000 crypto traders have been liquidated in the past 24 hours. The largest individual liquidation took place on a Bybit BTC/USD trade for $4.5 million. Most liquidations...

What a week… The United States Securities and Exchange Commission finally greenlighted a spot Bitcoin Exchange-Traded Fund (ETF). Those of you who’ve been following the industry for many years know that this has been one of the most highly-anticipated moments, and it’s absolutely monumental how far the industry has come in 2024. But the process itself was particularly scuffed, to say the least. First, the SEC’s X account was compromised, and the attacker tweeted (falsely)...

Bitcoin’s price has undergone a consistent surge following the recent announcement of SEC ETF approval, reaching a crucial resistance region. This price range includes the upper boundary of the ascending channel and the static resistance at $48K, presenting challenges in reclaiming this significant level. Technical Analysis By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a sustained uptrend in the price, approaching a substantial resistance zone....

Bitcoin’s price went on a rollercoaster throughout the past hour as the confusion surrounding the approval of a spot BTC ETF by the US SEC continues. Minutes ago, the agency published an order on its website that stated that the proposals for listing a spot Bitcoin ETF were approved. The order was accessible on this link from the official SEC website. The link itself was then removed, causing another wave of confusion throughout the crypto community. Recall that yesterday,...

Over $218 million in crypto trades have been liquidated in the past 24 hours after a fake government announcement claiming that Bitcoin spot ETFs have already been approved in the U.S. According to Coinglass, over $56 million in Bitcoin trades have been liquidated in the past hour alone.Over 72,000 traders were affected, with the largest single liquidation taking place on BTC/USD trade on ByBit for $6 million. The Securities and Exchange Commission (SEC)’s official X page...

90% of Bitcoin addresses are in profit even as the crypto asset is over 31% down from its all-time high. IntoTheBlock’s analysis reveals a significant milestone for Bitcoin as it surged past the $46,000 mark, pushing more than 90% of all BTC addresses into a profitable zone. 90% of Bitcoin Addresses in Profit According to the on-chain intelligence platform, historically, such levels of profit are not an isolated event but rather a recurring pattern in Bitcoin’s bull cycles....