Tag Archives: BTCGBP

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....

Bitcoin (BTC) just reclaimed $47,000 for the first time since March 2022, shortly after multiple Bitcoin ETF applicants filed finalized updates for their S-1 forms with the Securities and Exchange Commission (SEC). As of Monday, Bitcoin is up 6.63% on the day, and over 10% since January 1. It trades for $47,130 at writing time. Over $136 million in shorts on crypto trades have been liquidated in the past 24 hours, according to Coinglass. That includes 124,000 traders, on...

Bitcoin’s price is continuing its gradual rise toward the $48K resistance level following a few weeks of consolidation. While the trend lacks momentum, the price might be about to begin an aggressive rally higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating above the $40K level for the last few weeks. However, it is climbing higher, approaching the $48K resistance zone. Meanwhile, the Relative Strength Index is...

This week has been quite eventful in terms of Bitcoin’s price action. In general, the total market capitalization increased by some $20 billion, which came on the back of a slight uptick in BTC. Most of the altcoins are trading in the red, so let’s have a look at what happened. First things first, Bitcoin is currently sitting at slightly below $44K, registering an increase of 2% for the past seven days. This also makes it the best performer from the top 10… by far. The week...

Bitcoin bounced back from the flash crash earlier this week after reports on the potential rejection of a widely anticipated spot ETF approval in the US. While investors have maintained a positive outlook, BitMEX founder Arthur Hayes has offered a cautious perspective on the future of the asset. In fact, the prominent commentator is gearing up for a “vicious washout of all the crypto tourists” in March of this year, with a potential correction in the range of 20% to 30%....

Bitcoin’s price experienced a massive drop yesterday, fluctuating over 10% in 24 hours. While the cryptocurrency has yet to break below any significant support level, analyzing the root of this move and what it means for the market is essential. Yesterday’s crash, albeit caused by a questionable report, provides some insightful data from a technical perspective. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the price has been...

What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came down hard on key players in the market, one of the biggest and most influential CEOs pleaded guilty to a criminal charge, and the hype around a spot Bitcoin...

The widely anticipated approval of over a dozen spot Bitcoin exchange-traded funds (ETFs) in the United States could be a sell-the-news event that would cause the price of BTC to move in the opposite direction. According to the latest weekly report from market analytics platform CryptoQuant, the prediction is substantiated by market participants sitting on high unrealized profits from BTC’s recent ascent. A Sell-the-news Event Applicants for the spot Bitcoin ETFs have been in...