Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy.  On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later, the price remained 18% below the $56,650, closing on Dec. 2, 2021. Much has changed over that period, and hard evidence comes from other sections of the sector. Between February 15 and… Source link

What happened The price of several of the most popular cryptocurrencies fell today as investors evaluated moves by the Federal Reserve, which is desperately trying to rein in surging inflation. The price of the world’s largest cryptocurrency, Bitcoin ( BTC -2.88% ), has fallen roughly 3.5% over 24 hours as of 10:46 a.m. EST. Meanwhile, the price of the world’s second-largest cryptocurrency, Ethereum ( ETH -4.40% ), has fallen 5.4%, Dogecoin ( DOGE -13.14% ) is… Source link

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Bitcoin fell below the $45,000 level on Wednesday, as the selloff in crypto markets extended, following strong gains last week. ETH was also down in the session, slipping to a five-day low in the process. Overall, the global crypto market cap fell by 4% as of writing. Bitcoin BTC fell below $45,000 during Wednesday’s session, as markets were waiting for the release of latest FOMC meeting minutes. The minutes typically provide traders an inside look into the thinking of the Fed,… Source link

Hashdex partner Bruno Ramos de Sousa says the one caveat about Bitcoin stock is that it’s volatile. Reacting to Bitcoin‘s stock price dropping significantly over the last two days, Hashdex partner Bruno Ramos de Sousa said the stock‘s fall marks a “good entry point” for investors to buy the cryptocurrency on “Mornings with Maria” Wednesday. STOCK FUTURES TRADE LOWER AHEAD OF RUSSIAN SANCTIONS, FED MINUTES BRUNO RAMOS DE SOUSA: This is trending in between the 43K and 48K band in the… Source link

The daily transactions involving the richest Litecoin (LTC) addresses — “whales” that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021. Litecoin selloff ahead? On-chain analytics platform Santiment detected a total of 3,458 LTC transactions worth over $100,000 on April 5, calling it “an indicator of mid-term price direction shifts.” Meanwhile, Litecoin’s price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.

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 Bitcoin prices are under pressure. Dreamstime Bitcoin and other… Source link

“Now risk aversion is gradually rising, and the dollar index has reached its year-to-date highest level,” Griffin Ardern, a volatility trader from crypto-asset management company Blofin, said. “The liquidity contraction may be accelerating. At 2 p.m. ET, details of the March FOMC meeting will be announced.” Source link

Riot Blockchain CEO Jason Les tells ‘The Claman Countdown’ why he is so bullish on bitcoin.  Bitcoin traded around $45,000 on Wednesday morning. The cryptocurrency entered the week on a two-day losing streak. GET FOX BUSINESS ON THE GO BY CLICKING HERE Bitcoin fell more than 1% during that slide and is down more than 1% year-to-date.   If you think the interest in cryptocurrencies grew largely in the past year, you’d be right and there’s evidence to back it up. Almost half of all… Source link