Bitcoin

Bitcoin, again, went on a steep downtrend on 18 August after seeing steady uptick following its massive decline in June. In fact, for a brief while, the king coin also managed to cross the $24,000-mark, which gave hope to investors for a further surge before moving south.  At the time of writing, BTC was trading at $21,119.65 with a market capitalization of $403,966,011,914. However, before panic selling, investors might look at some metrics. Especially since some data sets… Source link

Bitcoin (BTC) recovered modestly on Aug. 20 but remained on course to log its worst weekly performance in the last two months. Bitcoin hash ribbons flash bottom signal On the daily chart, BTC’s price climbed 2.58% to $21,372 per token but was still down by nearly 14.5% week-to-date, its worst weekly returns since mid August. Nonetheless, some on-chain indicators suggest that Bitcoin’s correction phase could be coming to an end. That includes Hash Ribbons, a metric that tracks Bitcoin’s hash… Source link

Text size How strong is the link between stocks and Bitcoin? AFP via Getty Images Source link

On Friday, August 19, the total crypto market capitalization dropped by 9.1%, but more importantly, the all-important $1 trillion psychological support was tapped. The market’s latest venture below this just three weeks ago, meaning investors were pretty confident that the $780 billion total market-cap low on June 18 was a mere distant memory. Regulatory uncertainty increased on Aug. 17 after the United States House Committee on Energy and Commerce announced that they were “deeply concerned”… Source link

rayisa Bitcoin: This Time Is Different! As opposed to the grassroots movement it once was, institutional fund flows primarily drove Bitcoin’s (BTC-USD) most recent bull trend. In 2020, the US Federal Reserve lowered interest rates to 0 and provided over $2.3 trillion in loans to support the economy. This, combined with Covid-19 stimulus checks given directly to citizens, worked to funnel billions of excess liquidity into the crypto casino. BTC:USD – 2W (TradingView) With Bitcoin’s unraveling… Source link

Text size Bitcoin fell below $22,000 on Friday. Dreamstime Bitcoin sank to below… Source link

Bitcoin prices have been steadfastly earthbound since June’s crypto credit crunch rather than going to the moon. The world’s most actively traded digital token has been hovering at around $21,000-$24,000 in the last six weeks, a haven of relative tranquility after the rollercoaster of the last two years. For believers, a pause was perhaps needed after a 70 per cent drop in value since November. The memory of May and June — when the collapse of the now infamous (un)stablecoin… Source link

Tomiwabold Olajide Price of Bitcoin dropped as much as 9%, hitting its lowest point since late July According to Cryptoquant data shared by Ali Martinez, Bitcoin miners appear to have profited from the last Bitcoin price rise above $25,000. According to the chart provided, miners sold 5,925 Bitcoin for a total value of almost $142 million during the past two weeks. This demonstrates that following the recent price increase, aggregate miners seized the chance to take some liquidity,… Source link

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New Delhi: In a sudden move, Bitcoin dropped sharply on Friday, touching its 3-week low. The largest digital token lost more than 8 per cent to slip below the key psychological level of $22,000. The exact reason for this sudden fall could not be ascertained immediately. But on a technical basis, the strength of bulls is apparently waning, said analysts. According to markets experts, the traders were digesting the US FOMC minutes which hinted that bankers are unlikely to slow down the path… Source link