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Tag Archives: btcusd

Are Bitcoin Miners Capitulating Amid the Drop Below $60K?

The Bitcoin network is showing some signs of miner capitulation. This stage is marked by miners ceasing operations or selling part of Bitcoin reserves. Interestingly, this process has been historically linked to a bottoming of Bitcoin prices, following which the asset is expected to resume a much-needed uptrend. Signs of Bitcoin Miner Capitulation Since the recent halving, the network hash rate has dropped by 7.7% from its peak on April 27. According to the latest report...

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Incoming Binance Update Affecting Bitcoin (BTC) and Ethereum (ETH) Traders: Details

TL;DR Binance will terminate trading for six pairs, including BTC/AEUR and ETH/AEUR, effective July 5, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has added new ones like WIF/BRL and ZK/USDC, though these are not available to users in certain restricted regions. Binance’s Latest Move The world’s largest cryptocurrency exchange – Binance – will terminate trading services for the following six pairs: BTC/AEUR, ETH/AEUR,AI/TUSD,...

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Another Reason to Worry? Germany Moves $94.7M in Seized Bitcoin to Exchanges

The German government has moved another stash of its seized Bitcoin to some of the world’s top crypto exchanges, stirring new fears of a possible liquidation of its Bitcoin reserves. Despite the latest transfers, it currently possesses Bitcoins worth around $2.82 billion. Germany’s Bitcoin Transfers Continues According to an update by Lookonchain, the German government has made a significant Bitcoin transaction, moving 1,500 BTC on July 1st. The latest stash is worth a...

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Did Bitcoin Bottom? This is How to Know

Analysts at market intelligence platform CryptoQuant have outlined on-chain metrics that could signal that the bitcoin (BTC) price has bottomed and cryptocurrencies are beginning to rally again. The latest weekly CryptoQuant report mentioned signals like higher bullish momentum, rising BTC demand, and faster stablecoin liquidity growth as the metrics to watch. Higher Bullish Momentum CryptoQuant’s Bitcoin Bull-Bear Market Cycle indicator currently signals that the crypto...

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Bitcoin Price Solidifies at $61K as These Meme Coins Trend (Weekend Watch)

It’s been a relatively calm 24 hours in the cryptocurrency market, with the majority of coins failing to gain any notable grounds. The opposite is also true – most of the altcoins trade in a state of equilibrium. While this might oftentimes turn out to be a precursor to a considerable move in either direction, let’s have a closer look at how prices developed in the last day. Bitcoin Price Solidifes at $61K The BTC price was consolidating around $60K yesterday, but the bulls...

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