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Tag Archives: btcusd

Despite the Crash to $25K, is a Bitcoin Bull Market Still in Play? (BTC Price Analysis)

Bitcoin’s price has recently crashed, losing nearly $5,000 in one day. The following analysis looks at the details behind the crash and how it affects the overall market’s trend. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been rejected from the $30K resistance level multiple times in recent months. The last rejection from this level and the 50-day moving average near the same price have initiated a significant drop to the downside. BTC...

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Bitcoin Mining Difficulty Soars to New ATH as BTC Price Struggles

Bitcoin plunged below the $26,000 level on Wednesday extending monthly losses to nearly 15% but it has never been more difficult to mine the leading crypto-asset. Despite a severe drawdown in price, Bitcoin’s network fundamentals have largely refrained from following the same trajectory. In fact, Bitcoin’s mining difficulty has reached an all-time high of 55.62 trillion hashes, according to the latest data from CoinWarz. Data suggest that the next difficulty adjustment is...

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Crypto Traders Brace for ‘Choppy Waters’ Following Bitcoin’s Plunge to $25.3K: Bitfinex Report

The latest edition of the Bitfinex Alpha report revealed that cryptocurrency traders are bracing themselves for “choppy waters” ahead due to bitcoin’s sudden plunge after a languid period. On-chain data analyzed by researchers at crypto exchange Bitfinex showed a surge and flatline in implied and historical volatility metrics, suggesting that traders have adjusted their strategies in preparation for impending volatility over the next month at least. Choppy Waters Ahead Last...

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Bitcoin Price Falls 11% while Key Indicator States BTC Is at Most Oversold Level since Covid 2020 Crash

CoinspeakerBitcoin Price Falls 11% while Key Indicator States BTC Is at Most Oversold Level since Covid 2020 Crash The price of Bitcoin is struggling to maintain momentum and has succumbed to several macroeconomic factors over the last week. Bitcoin Price Falls 11% while Key Indicator States BTC Is at Most Oversold Level since Covid 2020 Crash

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Unknown Bitcoin Wallet Is Third-Largest BTC Holder in World after Collecting More than $3B Worth in Less than 4 Months

CoinspeakerUnknown Bitcoin Wallet Is Third-Largest BTC Holder in World after Collecting More than $3B Worth in Less than 4 Months Although unknown, many believe the Bitcoin wallet may belong to a major crypto exchange moving money around, or asset manager Blackrock Inc. Unknown Bitcoin Wallet Is Third-Largest BTC Holder in World after Collecting More than $3B Worth in Less than 4 Months

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Orange Prices Are Up Since 2020 by About as Much as Bitcoin

Orange prices have been on the rise since 2020, but this August, the commodities futures markets expect them to surge. At the same time, orange juice futures are hitting record highs: “In recent weeks, prices in the OJ futures market have topped $3 per pound. Around this time last year, prices were hovering at around $1.81 per pound. The price increase has been fueled primarily by short citrus supply around the globe.” Imagine how pricey oranges could get if the supply was...

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