Bitcoin

Bitcoin price meets a suppressive force near the $24,000 level. BTC price shows significant movement in daily transactions, hinting that large players are up to something behind the scenes. Invalidation of the uptrend is a daily closing candle below $23,149. Bitcoin price shows conerning signals  behind the scenes. Technichal and On-chain analysis is utilized to gage market behaviour. Bitcoin price is at a fork in the road Bitcoin price has shown an applaudable… Source link

This year, BTC and ETH have fallen 50% and 48%, respectively, and have been tightly correlated with each other. Correlation coefficients range between 1 and -1, with the former indicating a direct relationship, while the latter implies a completely inverse relationship. Source link

Text size Bitcoin has moved higher this week on signs on cooling U.S. inflation. Photo by OZAN KOSE/AFP via Getty Images … Source link

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. Five years after calling Bitcoin an “index of money laundering,” BlackRock’s Larry Fink is getting laser eyes. BlackRock on Thursday announced it was launching… Source link

Bitcoin (BTC) headed lower on Aug. 12 as a broadly expected comedown from two-month highs began to take shape. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average becomes pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $23,615 on Bitstamp prior to the day’s Wall Street open, marking 24-hour losses of around 5.2%. The pair had seen its highest levels since June 13 as enthusiasm over declining United States inflation combined… Source link

Bitcoin (BTC) continued toward $25,000 on the Aug. 11 Wall Street open amid news that the world’s largest asset manager had launched a BTC product. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silbert on BlackRock: “Here comes Wall Street” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spike to $24,921 on Bitstamp as United States stocks trading got underway. While going on to consolidate slightly below the highs, the pair inspired confidence in market… Source link

The world’s first and largest cryptocurrency is making gallant steps towards the greens in a recent outturn of events. Bitcoin is experiencing a sharp rise in price within its market. Recent trading activities got BTC’s price to hit the $24,000 mark. This creates a positive record for the top cryptocurrency across the industry. Though Bitcoin is making a tremendous improvement in value, its number of active addresses seems to be downtrend. The sudden growth in price for BTC likely has… Source link

Noelle Acheson, head of market insights at Genesis Global Trading, shared a similar opinion, saying the core CPI appears stick and the so-called Fed pivot may be months away. “The data yesterday does not mean the Fed will ease up on rate hikes, not until they see a trend of core CPI moderation, which is probably months away,” Acheson said. Source link

Bitcoin might be down, but the leading crypto remains ever-present in the financial world. Despite its high volatility, thousands of investors dream of owning a minimum of 1 Bitcoin in their respective wallets. Now that BTC slumped in price compared to 2021, it is more affordable to investors in these bearish conditions. On-chain market intelligence and analytics platform Glassnode published a report that shows investors are flocking toward Bitcoin amid volatile markets. As of today, the… Source link

(Article updated at 10:30 PM Eastern Time to note new details that this might not be a new purchase) A mysterious investor supposedly spent over $3 billion to purchase nearly 133,000 Bitcoin on Aug. 10 and became one of the top three largest individual Bitcoin holders; however, community assessments of the wallet activity suggest that the investor could be an old player just moving funds. One Twitter user said they tracked the wallet address and argued that the mysterious investor is an… Source link