Bitcoin

alexsl/iStock via Getty Images When I last covered Bitcoin (BTC-USD) in early July, I made the argument that bearish Bitcoin had become a one-sided trade. While Bitcoin is lower now than it was at the time of that article, bulls did get a relief rally that took the coin from $21k at time of writing to $25k within a few weeks. Sentiment is once again bearish, this time though I don’t see the same contrarian opportunity. This article will instead focus on the technical drawbacks of Bitcoin,… Source link

China is back among the countries with the highest level of bitcoin and cryptocurrency adoption in the world. The findings come from a new Chainalysis report that details the adoption levels of bitcoin and cryptocurrencies per country. Vietnam leads the world in overall adoption, while India has the highest number of centralized purchases. Blockchain analytics firm Chainalysis has released its 2022 Global Cryptocurrency Adoption Index detailing global usage of bitcoin and cryptocurrencies with… Source link

Text size Crypto prices crumbled on Tuesday. Ozan Kose/AFP via Getty Images Bitcoin … Source link

Bitcoin’s (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest. For Woo, there is still reason to believe that lower… Source link

The past week has been one of the most volatile weeks in crypto markets this year. Bitcoin and Ethereum have plummeted to the lowest levels in two months but are making a comeback in the past few days. Polkadot also reported a 9% drop in the first week of September, followed by countless other cryptos on the markets. September is traditionally the worst month for crypto markets, but things are even worse this year due to the energy crisis, supply chain issues, and other worldwide… Source link

Text size Crypto prices crumbled on Tuesday. Ozan Kose/AFP via Getty Images Bitcoin … Source link

Elsewhere, XRP dropped 8%, solana’s SOL fell 7%, and cardano’s ADA declined 7.5%. Outside of major cryptocurrencies, cosmos’s ATOM fell 11%, ApeCoin’s APE dropped 12%, and luna classic (LUNC) dropped 14%, continuing slides from earlier this week. Source link

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A popular crypto strategist and trader says a potential shift that could end Bitcoin’s (BTC) multi-month downtrend is on the horizon. Crypto analyst Kevin Svenson tells his 69,200 YouTube subscribers that Bitcoin is on the verge of taking out its diagonal resistance that has kept the market bearish since November 2021. “This long-term [downtrend line], from $69,000 all the way down on the linear scale, we’re potentially at breakout point to break the macro downtrend on… Source link

Bitcoin has become a popular concept, so understanding it is essential. Everyone wants to make money, but no one has the means to do so. It is because the cryptocurrency market is a little bit twisted for the people who are newcomers to it. If you wish to become billions of dollars from the cryptocurrency market, perhaps understanding the crypto space is the first thing you need to do. The more important reason for understanding the cryptocurrency market is that it will be the future of… Source link