Tag Archives: btcusdt

With the new week starting, bitcoin’s price has remained stuck around $16,800 and is actually at the same place it was seven days ago. The altcoins are also very quiet, with Litecoin emerging as the only notable gainer from the larger-cap ones. Bitcoin Stays Flat Last week began with a price drop of $16,300, which became BTC’s lowest position in about three weeks. However, the asset recovered its lost ground and returned back to $16,800. The following days were quite calm,...

Legendary investor Bill Miller continues to be bullish on Bitcoin despite the crypto asset being hit by a brutal sell-off this year. The Baltimore investing giant rose to prominence by outperforming the S&P 500 annually from 1991 to 2005. He subsequently served as the chairman and chief investment officer of Miller Value Partners, which had $1.9 billion in assets under management at the end of August 2022. Despite announcing his retirement recently, Bitcoin remains one of...

Bitcoin continues to print minor daily fluctuations as the price consolidates inside a tight range with low volatility. Currently, the price is testing a significant resistance area, and in case a rejection takes place – BTC is likely to retest lower-price areas. On the other hand, a breakout could lead to a mini-rally. Technical Analysis By Shayan The Daily Chart Bitcoin has failed to sustain above the 50-day and 100-day moving averages over the last few months. Most...

2022 has been a brutal year for the crypto investors market by the harsh crypto winter. It all started with the collapse of the TerraUSD algorithmic stablecoin, which prompted other major crypto players to fall like dominos: Three Arrows Capital. Voyager Digital, Celsius Network, FTX, BlockFi. Not one project, protocol, or institution exists that hasn’t felt the sting of contagion this year. Bitcoin futures volumes are hovering near multi-year lows owing to the tightening...

Valuations in the cryptocurrency market have dropped significantly from their all-time highs, with the total market capitalization losing around $2.2 trillion – a decline of around 73%. Many altcoins, including some from the large caps, have lost over 90% of their value since their all-time highs, and industry participants are scrambling to time the bottom. In light of the above, crypto analytics resource Nansen released a report that identifies systematic patterns in crypto...

With the end of the year approaching fast, the primary cryptocurrency continues to remain stuck at familiar ground at just over $17,000, begging the question if that’s about to change anytime soon. Most altcoins are also quite stagnant on a daily scale, aside from OKB, which has jumped by over 5% after the recent OKX proof-of-reserve statement. Bitcoin Boring Below $17K The past week saw a substantial price decline from bitcoin when the asset fell to a three-week low at...

The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its tiny developer ecosystem.  Here are the highlights: The network, which launched in early January 2009, has only 40-60 monthly active developers, according to the report.  This is not a static bunch. 1,140 developers have contributed to Bitcoin over its lifetime, with 5 to 10 new...

The latest PCE data announced by the US yesterday brought little volatility to the crypto market, in which BTC dropped by a few hundred dollars but recovered almost immediately. The altcoins are still on a daily scale, with a few exceptions in the likes of Terra Classic, Decentraland, and Lido. Bitcoin Remains Chill at $17K Bitcoin dropped to a 3-week low on December 20 at $16,300 but reclaimed almost all lost value in less than a day. Another price decline two days later saw...

Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH).  The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s Latest Crypto Move Users of the social media platform can now track the USD valuation of the two largest cryptocurrencies by market cap –...

DataDash founder a veteran crypto analyst Nicholas Merten predicts more pain ahead for Bitcoin’s price based on a combination of technical indicators and macroeconomic pressures.  The analyst referenced price charts for three different assets to back up his claim: BTC, ETH, and AAPL.  Where Bitcoin’s Price Will Crumble In a video published on Wednesday, Merten began by pointing out how Bitcoin remains suspended well below its 200-week moving averages (WMA) and 200-day moving...