Tag Archives: BTCGBP

The past 24 hours saw the cryptocurrency market continue its recovery, regaining $2.213 trillion in total capitalization. This comes on the back of Bitcoin climbing above $57K and other altcoins charting somewhat notable gains. Bitcoin’s Price Reclaims $57K As CryptoPotato reported yesterday, the BTC price gained 4% in a day and climbed above $56K following a bloodbath that took it all the way down below $54K. Now, the cryptocurrency continues its recovery, successfully...

Bitcoin’s price decline continues as the market has lost several key support zones. While many investors are worried about a deep crash, there is also the possibility for this drop to be a bear trap. Technical Analysis By TradingRage The Daily Chart The daily chart shows that the price has lost the $60K support level and dropped below the 200-day moving average, located around the $58K level. The 200-day moving average is a key indicator, as it has held the price during...

Over the past few days, crypto markets have tanked 15% with more than $350 million exiting the space. Monthly support levels have been broken sending crypto assets to their lowest levels since late February as bearish sentiment returns. However, the 28% market correction is nothing new and has happened several times during every market cycle. Crypto Corrections Are Normal Cryptographer and Bitcoin pioneer Adam Back said that prior bull runs had around half a dozen 30%...

It’s safe to say that the cryptocurrency market went through a lot during the past couple of days, with prices tumbling to levels not seen since February. It appears that the bulls are now attempting a comeback or, at the very least – a slight recovery. Bitcoin Price Increases Above $56K At the time of this writing, BTC is trading above $56K, charting an increase of around 4% in the past 24 hours. The cryptocurrency had previously crashed to a 5-month low to $53,550, but the...

On July 5th, Bitcoin fell below $54,000, experiencing a decline of over 6% in the past 24 hours due to increasing bearish pressure. The market downturn intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt over a decade ago, started to repay its customers following a lengthy bankruptcy process. The latest downturn has rendered several Bitcoin mining machines unprofitable. According to the latest data from f2pool, only six mining machines remain...

Darin Feinstein, founder of Core Scientific, recently asserted that Bitcoin is still massively undervalued. In a July 4 post on X, Feinstein shared his insights and personal experiences within the world of Bitcoin. Bitcoin’s True Value In the post, he stressed that the true value of Bitcoin lies in its underlying technology: the immutable ledger on which it operates. “What is still massively undervalued about Bitcoin is that the immutable ledger that Bitcoin runs on is...

TL;DR Bitcoin’s price briefly dropped below $54,000, triggering a market-wide correction, but increased interest in buying BTC suggests some view this as a “buy the dip” opportunity. Metrics like the Relative Strength Index (RSI) and the Fear and Greed Index indicate the asset is oversold and in fear territory, which might be interpreted as a potential signal for a rebound. A Buying Opportunity? Bitcoin (BTC) saw its price plunge by over 5% on July 5, sinking below the...

German Member of Parliament and Bitcoin advocate Joana Cotar has called on the government to halt its rapid Bitcoin sell-offs. Cotar argued that it is neither “sensible” nor “productive” and believes that Bitcoin should be adopted as a strategic reserve currency to safeguard against economic instability. Joana Cotar Criticizes German Bitcoin Sell-Offs In a July 4 post on X, Cotar expressed her concerns about the government’s current strategy, stating, “Instead of holding...

What a week it’s been… The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is more or less 10% in the past seven days alone. This came on the back of considerable losses from Bitcoin, but especially from the altcoins. In fact, the BTC dominance – a metric that gauges its share relative to that of the rest of the market – is up by about...

The defunct cryptocurrency exchange Mt Gox has finally commenced creditor repayments ten years after filing for bankruptcy. According to an announcement from the Mt Gox Rehabilitation Trustee, the defunct estate distributed bitcoin (BTC) and Bitcoin Cash (BCH) payments to some creditors on July 5 through designated crypto exchanges linked with the repayment plan. Mt Gox Begins Repayments The Mt Gox trustee will continue repaying other creditors when certain conditions are...