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Following yet another day of high volatility in which the bears had initial control, bitcoin has recovered roughly $3,000 of value from the current 7-day low recorded on Saturday. The altcoins followed suit with similar dips as the market cap had lost about $200 billion at one point. Just like the weekend before, this ongoing weekend is not disappointing in terms of volatility and price fluctuations. Bitcoin Recovers From Yet Another Dip It’s safe to say that the primary...

Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%. Bitcoin Dipped Below $35K After recovering from its most violent losses to $30,000, the primary cryptocurrency was riding high for a few consecutive days. The asset challenged $40,000 on a few occasions and even briefly jumped above...

Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and...

It has taken bitcoin five days to recover the most recent losses and jump above $40,000. Most altcoins are well in the green, too, with Ethereum reaching $2,900 and BNB nearing $400. Bitcoin Tops $40K The primary cryptocurrency experienced numerous corrections in the past few weeks. The latest started on Friday following more FUD from China. In a matter of hours, bitcoin fell from $42,000 to a daily low of $34,000. The situation worsened during the weekend, and BTC slumped to...

Bears continue to take their toll on the cryptocurrency market as the prices are still bleeding out. The total market capitalization lost over $180 billion since yesterday’s peak. It’s worth pointing out, though, that throughout the past few days, Bitcoin’s dominance – the index that tracks BTC’s share relative to that of the entire market – is increasing and now sits at almost 46%. Bitcoin Price Slides Below $35K Yesterday, bitcoin’s price was on the verge of recovery. It...

Fear, Uncertainty, and Doubt (FUD) peaked on Wednesday as bitcoin hit rock bottom of $30,000 due to old “crypto ban” news, which re-emerged from China. Although the crypto market is in a recovery phase from Wednesday’s crash, let’s take a walk through history and see how China’s regulatory issues and crypto ban are the same old song and nothing but a long history of FUD. 2013: The Initial Ban China’s regulatory issues with cryptocurrencies date back to December 2013 when...

Today is the international Bitcoin Pizza Day! This is a day that many in the crypto community celebrate the 11th anniversary of the first Bitcoin commercial transaction for two pizzas, which cost 10,000 BTC. On May 22, 2010, Laszlo Hanyecz traded 10,000 BTC for two Papa John’s pizzas in Florida. Years later, they would become the world’s most expensive pizza slices with a price of $365,000,000.00 at press time. Interestingly enough, they were worth over $600 million when...

With bad news attacks coming from all directions over the past week, bitcoin’s price fails to recover any of the recent losses. In the past 24 hours alone, the cryptocurrency fell by almost $10,000 following another set of China FUD. Most altcoins have it even worse, with double-digit price slumps charted from ETH, BNB, ADA, DOGE, XRP, and more. China Causes Another $9K Dip for BTC Bitcoin has seen better days. The massive sell-off during the week caused substantial...

This week was particularly turbulent in the cryptocurrency market. Bitcoin’s price crashed to $30K following comments made by Elon Musk, who keeps teasing Dogecoin HODLers. Meanwhile, we also saw old China FUD recycled yet again. Starting off with bitcoin’s price performance, the week was rather unfortunate for bulls. BTC is down about 25% in the past seven days, currently sitting at $37K. It’s worth noting, though, that the cryptocurrency fell even lower, briefly touching...

The honeymoon period between Tesla and Bitcoin may have ended as the latter’s price has returned to levels before the EV-maker entered the scene. Despite the massive crash, though, several on-chain instruments suggest that long-term holders have refused to sell, while some larger whales may have used the opportunity to buy the dip. Bitcoin Back to Pre-Tesla Price Levels Elon Musk’s electric vehicle giant broke the internet in early February when it revealed that the firm had...