Tag Archives: BTCEUR

Despite losing $6,000 in hours and $17,000 in several days, on-chain data suggests that the demand for bitcoin is still solid. The number of coins stored on exchanges and miners refusing to sell indicates that the cryptocurrency could resume its bull run shortly.  The Good News Following the Crash  It was roughly ten days ago when bitcoin was riding high and painted a new all-time at $65,000. This came amid the long-anticipated Coinbase public listing on Nasdaq. Ever since...

Americans’ interest in the cryptocurrency industry has grown significantly in the past year, found a survey by the Winklevoss-run crypto exchange, Gemini. Interestingly, BTC has remained the most popular digital asset, but the results show that US citizens have larger on-average positions in ether, BCH, and LTC. US Appetite for Crypto Rises The past twelve months were somewhat transformative for the crypto ecosystem, with the COVID-19 pandemic serving as the catalyst. This...

Following another steep decline to $47,500, bitcoin has recovered some ground and currently trades around the coveted $50,000 price line. Most alternative coins have also bounced off since yesterday’s massacre, with ETH nearing $2,300 and BNB well above $500. Will Bitcoin Decisively Reclaim $50K? The past week didn’t go according to the BTC bulls’ plan. On Sunday, the primary cryptocurrency plummeted to $51,500. A few days of recovery attempts were halted yesterday as the...

The past seven days were marked by considerable declines throughout the entire cryptocurrency market. Almost everything is in the red, with the total capitalization sliding beneath $2 trillion. There’s no other way of putting this – the past week was bad for bitcoin’s price. It was almost all downhill. The cryptocurrency was trading in the range between $61 and $63K last Friday, but things went south quickly as the weekend started. Sunday marked the first big drop where the...

It was a red week all over the cryptocurrency market. Almost everything, with a few exceptions, declined substantially as the total market cap slipped below $2 trillion. Bitcoin Bitcoin saw a turbulent week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. The cryptocurrency fell beneath $60,000 at the start of the week as it saw a large spike lower in which it dropped to the $51,440 support (.618 Fib). It managed to...

The latest adverse price developments in the cryptocurrency markets have normalized the Korean bitcoin premium known as the Kimchi premium. With the enhanced volatility, though, experts warn traders to be highly vigilant as the market is still over-leveraged. Kimchi Premium Cools Down The Kimchi premium represents the difference in bitcoin’s price on global exchanges and such operating in South Korea. CryptoPotato reported in early April that the metric, named after a...

The number of US-based financial institutions looking into launching cryptocurrency services continues to grow, and the latest to join the ranks is Charles Schwab. Nevertheless, giant founded in 1971 expects clearer regulations on digital assets before opening such products to the 32 million brokerage accounts employing its services. Charles Schwab to Get in Crypto? Headquartered in Texas, Charles Schwab is an American multinational financial services firm with over $3...

Bitcoin’s suffering has only intensified in the past 24 hours with a massive 10% dump to well below $50,000. The alternative coins have it even worse with substantial double-digit price slumps, and the market cap lost roughly $300 billion in a day. Bitcoin Drops Below $50K It was less than ten days ago when everything seemed to be going in BTC’s way as the primary cryptocurrency had just painted its latest ATH record of $65,000. However, the ever-volatile crypto markets...

Today was a difficult day for the markets in general, with most assets and investments registering red numbers amid a general panic episode. The primary reason seems to be the rumor that U.S. President Joe Biden —who seems interested in thigtening the crypto regulations in the US— may be ready to submit a proposal to the Congress to increase the capital gains taxes. Rumor has it that the rate would nearly double what investors currently have to pay. The story – which first...

Bitcoin continues to struggle after getting rejected retesting the critical 50-days moving average (MA) line yesterday. Unless BTC closes above $56,900, which now seems far away, we are going to witness the first full candle body or trading day below the significant level for the first time since October 7, 2020. Quick recap: During the steep price drop on Sunday, bitcoin had penetrated beneath the 50-days MA to reach as low as $51,400, where it found support at a .618 Fib...