Tag Archives: btcusd

CoinspeakerBitcoin Dominance Peaked, Says Analyst, Altcoins to Take Charge? Bitcoin market dominance drops fast as BTC price decreases all the way to $56,500. The Bitcoin demand growth and the whale interest have also been on the decline since March end. Bitcoin Dominance Peaked, Says Analyst, Altcoins to Take Charge?

Bitcoin’s price has been consolidating above $60K over the last few months. Yet, the price has broken below the level today, and investors are in a state of panic, wondering if the bull market is over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has created a large descending channel pattern since March. Yet, it has broken it to the downside, and the cryptocurrency is aggressively dropping toward the $52K support level. The 200-day moving...

CoinspeakerBernstein Report: Slowdown in Bitcoin ETF Inflows Is Short-term Pause Chhugani and Sapra emphasize the time­ needed for Bitcoin to be­ widely accepted as a le­gitimate investment option for diversifying portfolios. Bernstein Report: Slowdown in Bitcoin ETF Inflows Is Short-term Pause

CoinspeakerBitcoin Miner Marathon Digital to Double Its Mining Capacity in 2024 Marathon Digital said that the company won't be raising funds to achieve its target of 50 EH/s and that it would be fully self-funded. Bitcoin Miner Marathon Digital to Double Its Mining Capacity in 2024

CoinspeakerDeciphering Bitcoin’s Halving Impact: Navigating New Market Realities The altered dynamics, as many point out, to be caused by Bitcoin halving might introduce shifts that might be difficult for new crypto adopters to grasp and understand.  Deciphering Bitcoin’s Halving Impact: Navigating New Market Realities

The market continues to chop, clearly unable to pick a definitive direction throughout the past seven days. The total capitalization currently stands at around $2.5 trillion, more or less where it was during the same time last week. However, there’s been substantial volatility, sending many leveraged traders into liquidations. Let’s have a look. Starting with Bitcoin, it has failed to make any progress during the past seven days, but this wasn’t due to a lack of effort. On...

Bitcoin’s price has been consolidating since early March, failing to continue its uptrend. Yet, the cryptocurrency might soon get back on track and create a new all-time high. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the Bitcoin price has been consolidating between the $60K and $70K levels over the past couple of weeks. The recent rejection from the $70K zone has driven it down toward the $60K support level. Yet, the level has held...

Bitcoin’s price crashed by over 5% below $60,000 on Wednesday amid a market selloff impacting the broader crypto and stock markets. Bitcoin (BTC) began the day trading for roughly $63,700 per coin. Its price began sinking drastically starting at 1:40 PM UTC, and has plummeted to $59,950 as of 4:45 PM UTC. It trades for $60,475 at press time. Meanwhile, the price of Ethereum (ETH) has slid back under $3000 to just $2950 at writing time. The S&P500 and Nasdaq 100 have...

The cryptocurrency market saw a massive correction in the past two days, starting with a red Friday and followed by a Saturday massacre. While the reasons are still debated, even though they seem to be external and not related to the industry itself, the fact is that the total market cap shed over $400 billion at one point. With the next Bitcoin halving, an event typically regarded as a catalyst for future price increases, just around the corner, the question arises whether...

Coinspeaker21,000 Bitcoin Options Set to Expire Today, Can BTC Price Hold $70,000? 21,000 Bitcoin options are set to expire having a notional value of $1.5 billion and a put call ratio of 0.62. The max pain point for the expiry currently stands at $69,000. 21,000 Bitcoin Options Set to Expire Today, Can BTC Price Hold $70,000?