Tag Archives: btcusdt

Bitcoin (BTC) broke a two-year high above $50,000 on Monday – the highest recorded price for the leading digital currency since December 2021. The coin’s surge was accompanied by $191 million in liquidations across the crypto market within the past 24 hours. According to Coinglass, over $36 million in crypto shorts have been liquidated in the past hour alone. Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on...

Last week, Bitcoin managed to recover a substantial portion of the ETF-induced losses that occurred in the two weeks after their approval but then stalled at around $43,000 for several consecutive days. In fact, the asset remained at around that level from last Thursday to this Wednesday with little to no actual movements. That, though, started to change on Wednesday evening when the bulls finally stepped up on the gas and initiated an impressive leg up that resulted in...

Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to a recent analysis by the U.S. Energy Information Administration, Bitcoin miners in the United States alone use as much...

China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to something that most of the world’s governments have been slow to grok: Bitcoin represents an ideal store of value beyond borders...

The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins. Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven...

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside. Yet, the uptrend may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate...

Before the green light for spot Bitcoin exchange-traded funds (ETFs), the crypto sphere anticipated a bullish surge. Even with the leading asset surpassing the $49,000 mark after the US Securities and Exchange Commission’s (SEC) green signal for 11 spot BTC ETFs, prices took a downturn following the trading debut of eight of them. Hovering below $43,000, Bitcoin appears to have been trapped within a tight trading range for more than two weeks now. As such, miners resorted to...

After encountering a significant rejection at the $48K resistance level, Bitcoin has recently discovered support near the crucial 100-day moving average, prompting a slight retracement. However, if a pullback materializes, the most likely scenario would involve a renewed bearish leg, targeting significant support at $38K. Technical Analysis By Shayan The Daily Chart Upon analyzing the daily chart, it becomes apparent that following Bitcoin’s recent setback from the pivotal...

Bitcoin’s prolonged downward correction has encountered a pause in the vicinity of a significant support area, primarily defined by the 200-day moving average, sparking a slight rebound. However, the recent uptick appears to lack the necessary momentum, suggesting a potential phase of sideways consolidation. Technical Analysis By Shayan The Daily Chart A thorough examination of the daily chart reveals a temporary halt in Bitcoin’s recent correction near a pivotal support...

In short, an overbought market after months of increasing certainty about the SEC’s Bitcoin ETF approvals burst in January and allowed the price to correct some. Historical #Bitcoin prices for today, January 26th: 2024 – $41,1742023 – $23,0162022 – $36,8002021 – $32,5022020 – $8,6082019 – $3,5712018 – $11,1182017 – $9162016 – $3902015 – $2692014 – $1,0072013 – $182012 – $5.32011 – $0.40 — Historical Bitcoin Price (@HistoryBTCPrice) January 26, 2024 During this time,...