Tag Archives: btcusdt

Bitcoin’s situation took another turn for the worse in the past 24 hours as the asset slipped to $20,750. Most altcoins are in a similar position this week, making it the worst performing trading one since the massive crash in mid-June. Bitcoin Down 15% Weekly A lot can change in the cryptocurrency markets within a week. Bitcoin, for instance, was riding high last weekend when it jumped above $25,000 on two separate occasions to mark new multi-month peaks. While the bulls...

Bitcoin had seen a short-term uptrend, which acted as a correction to the longer term’s downside action, which lasted for the past months. However, this rally might have come to its end. Technical Analysis By Shayan The Daily Chart The 100-day moving average (roughly at $24K) has acted as a strong resistance zone and rejected the price action. The outcome was a massive breakdown from BTC’s prng low. A breakout from alow typically signals a bearish reversal as most of the sell...

Bitcoin and other cryptos are now being accepted as means of payment at two of Ukraine’s largest tech retailers: Techno Їzhak, and Stylus. Customers can now purchase products from each retailer using Bitcoin from their online stores, or from their combined 100+ retail locations.  Per a report from the Ukrainian outlet Obozrevatel, Bitcoin payments at both companies will be facilitated through the crypto point-of-sale provider, WhitePay.  When paying online, customers can pay...

Bitcoin and Ethereum slumped by double-digit percentages weekly after tapping multi-month highs last weekend. This resulted in over $150 billion gone from the entire market cap. Somewhat expectedly, the Fear and Greed Index has returned to a state of fear, but BitMEX’s co-founder – Arthur Hayes – believes this retracement could be an opportunity to stack up. Time to Buy, Says Hayes In its latest Twitter thread on the price actions in the crypto market, the former BitMEX...

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a new three-week low of under $21,000. Ethereum is in a similar position, having lost another $100 daily. At the same time, Shiba Inu is among the few alts well in the green. Bitcoin Sees New Low The landscape was looking rather bright for the primary cryptocurrency until five days ago. At that point, it had skyrocketed to above $25,200, which was a two-month high. However, it couldn’t stay...

It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the third quarter of the year for some. Bitcoin price successfully broke out before facing rejection near the $25,000 level. Since then, it has been on a downtrend. This has resulted in mounting sell pressure on Bitcoin miners. However, during the brief upswing in early August, they...

Bitcoin’s relief rally from the $20K area seems to be coming to an end, as the $24K resistance level is rejecting the price once again. The 100-day moving average also acts as a resistance near the same level. Technical Analysis By Edris The Daily Chart: The 50-day moving average, which is currently located around the $22K level, could provide some support and initiate a rally above the $24K resistance level. In this case, a rapid rise towards the $30K supply zone would be...

Digital asset manager Monochrome has received regulatory approval from the Australian securities watchdog to offer spot crypto exchange-traded funds (ETFs). According to an official announcement, Monochrome is one of the first asset management firms to secure an Australian financial services license (AFSL) from the Australian Securities & Investments Commission (ASIC) for crypto-related ETFs. Monochrome Bitcoin ETF The firm noted that the products, dubbed the Monochrome...

Bitcoin continues its effort to break above the $24K resistance level, despite being constantly rejected by it in recent weeks. Will the bulls eventually manage to break it, or will the bears get the upper hand? Technical Analysis By: Edris The Daily Chart The price is technically in an uptrend as it has been forming higher highs and lows, but the $24K level is proving to be a very strong obstacle. The 100-day moving average has reached the same zone as well. It has been...

After getting rejected from the $24K sentimental resistance area three times, the Bitcoin price finally broke the threshold, forming higher highs and lows on the daily chart. Can buyers expect to see the $27K level reached next? Technical Analysis By Shayan The Daily Chart The weekly candle is closing tonight (Sunday’s midnight UTC), and if Bitcoin successfully closes above the $24K level, a rally toward the $27K region will be likely. However, the 100-day moving average – a...