Tag Archives: BTCEUR

Bitcoin’s price shows some worrying signs suggesting that a deeper correction is bound to occur, as the price has failed to hold the $100K level. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been gradually rising over the last few weeks, creating a new record high above the $100K mark. However, in the past few days, the market has failed to continue its bullish momentum, falling below $100K and even dropping to as low...

A federal judge in California has denied BiT Global Digital Ltd.’s request for a temporary restraining order (TRO) to prevent crypto exchange Coinbase from delisting wrapped Bitcoin (wBTC) from its platform. US District Judge Araceli Martínez-Olguín ruled Wednesday that BiT Global failed to present sufficient evidence to demonstrate “imminent irreparable harm” if the delisting proceeds. Coinbase Cleared to Delist wBTC The judge also criticized the speculative nature of BiT...

The adverse price developments that started after the controversial statements by the Chair of the US Federal Reserve continue today as well, with BTC dumping to under $98,000. The altcoins have been hit even more severely, with massive double-digit losses from the likes of ETH, DOGE, ADA, AVAX, LINK, and many others. Cryptocurrency Market Overview. Source: QuantifyCryptoCryptoPotato reported yesterday’s price movements, which came just minutes after the latest FOMC meeting,...

Ohio State Representative Derek Merrin has introduced House Bill 703, known as the Ohio Bitcoin Reserve Act, in a bid to authorize the state treasurer to invest public funds in BTC. The latest initiative is announced as part of Merrin’s broader vision to leverage innovative financial solutions. The legislation provides the framework for Ohio to incorporate Bitcoin into its state treasury portfolio. Ohio Bitcoin Reserve Act Merrin highlighted concerns about the ongoing...

US investors continued to pour money into the spot Bitcoin ETFs after Donald Trump’s victory in the presidential elections, and the streak extended into the past five trading days. The Ethereum counterparts have also enjoyed the momentum by attracting almost a billion dollars within the past week. BTC ETFs Keep the Momentum Going The initial 11 and now 12 spot Bitcoin ETFs have already broken several records in terms of massive net inflows in their first year. This is...

Bitcoin’s price went to a new multi-week high of just under $103,000 but was stopped there and pushed south by around a grand. The altcoins have performed a lot worse on a 24-hour scale, resulting in a growing BTC dominance. BTC Dominance Increases Monday and Tuesday saw a few violent price rejections for the primary cryptocurrency, which was driven to $94,400 on a couple of occasions during those days. However, the bulls managed to prevail and propelled a few leg-ups that...

Nearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth. Inflows into the 12 funds have surpassed 500,000 BTC. Spot Bitcoin ETFs Attract Over 500K BTC In an X post, Vetle Lunde, head of Research at the digital assets research firm K33, stated that spot bitcoin ETFs currently have 500,925 BTC in cumulative net inflows, worth over $50.5 billion at today’s price. Notably, BlackRock’s...

TL;DR After a correction below $94,500, BTC rebounded to almost $99,000, with certain indicators signaling a further push to the north. Some analysts see BTC’s next targets ranging from $101,000 to $275,000, supported by bullish technical patterns and market sentiment. New BTC Rally Incoming? The primary cryptocurrency became the talk of the town at the start of the month when its price finally conquered the $100,000 psychological level. On December 5, it rallied to a new...

After a turbulent correction, the cryptocurrency market has found some calm, with prices stabilizing. Meanwhile, the Mean Dollar Invested Age is quietly pointing to heightened network activity, often seen as a precursor to extended bullish trends. Despite a market-wide retracement this week, the Mean Dollar Invested Age (MDIA) – an often-overlooked crypto metric – signals potential bullish momentum across key assets. Bitcoin’s MDIA has dropped 31% over the past 60 weeks,...

Bitcoin’s price decline, triggered by a selling spree in the crypto market, hasn’t dampened institutional interest. CryptoQuant’s latest insights show the Coinbase Premium climbing, reflecting robust US investor activity during this volatile phase. Coinbase Premium Jumps The Coinbase Premium, a metric that tracks the percentage difference between Bitcoin’s price on Coinbase Pro and Binance, has surged following a sharp decline in BTC’s value. Negative Coinbase Premium values,...