by Analytics Insight February 2, 2022 Let’s explore the updates on top cryptos like Cardano, Solana, Matic, Avalanche, etc It is the second day of February, and the market now looks stable. Most cryptocurrencies have not made significant gains in the past 24 hours, but the prices have slightly moved down. Bitcoin has been showing signs of plummeting and is slightly in red, though it appears a bit stable. There are also more updates about other developments around these top… Source link

The market has survived sell-offs before Though a 50% drop in value is an infrequent event in equity markets, bitcoin and other cryptocurrencies are experiencing their second drawdown of that magnitude in the past year as risk assets are getting pummelled during the first month of 2022. Long-term holders of the coin are no strangers to these drastic swings in price, as evidenced by a long-term view of… Source link

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there’s a positive spin to the data. Bitcoin price at Coinbase, USD. Source: TradingView The road to $40,000 seems uncomfortably predictable, and cryptocurrency traders usually call it “manipulation” when such price movements happen. If… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Text size The price of Bitcoin has declined about 17% so far in 2022. Dreamstime

Text size The price of Bitcoin has declined about 17% so far in 2022. Dreamstime

Bitcoin (BTC) jumping to $39,000 has already activated large-volume investors this week, the latest data shows. Analyzing whale behavior, on-chain monitoring resource Whalemap revealed accumulation underway at levels above $36,000. This week’s BTC price “triggered” whales Identifying clusters of whale bids, Whalemap uncovered what appears to be renewed market confidence among those with some of the largest BTC balances — between 100 BTC and 10,000 BTC. “Recent prices triggered whales… Source link