Bitcoin

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

A breakdown – likely if the price finishes below the lower end of the flag at the end of a trading date – would imply that the broader downtrend is resuming, opening the doors for a retest of the recent low of $17,601. Below that, key support is seen at the psychological level of $15,000 and the June 2019 high of $13,880. Source link

Bitcoin (BTC) tumbled overnight, with the leading cryptocurrency dropping to levels as low as $19,621, according to data from CoinMarketCap. Last week was a bullish one for cryptocurrencies, as most ended up in the green territory. BTC had also managed to stay above its $20,000 support after weeks of waffling above and below this price. Bitcoin has this morning, however, shed 3.72% over the past 24 hours and is trading closely near its seven-day low of $19,341.23, indicates CoinMarketCap.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

“BTC has never previously fallen below such marks, so it is now getting support from buyers confident in the first cryptocurrency’s long-term growth,” FxPro senior market analyst Alex Kuptsikevich said. “Another supportive factor was the rebound in financial markets, where the new half-year was met with increased buying.” Source link

From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million.  June was especially painful for investors after the price of Bitcoin (BTC) fell nearly 40% to mark one of its worst calendar months on record according to a recent report from cryptocurrency research firm Delphi Digital. BTC/USD monthly candles vs. MoM%… Source link

Periods of undervaluation are historically marked by large sell-offs of bitcoin, such as the crash at the beginning of the COVID-19 pandemic or in November 2018. “Whether you bought at $3,200 or $3,800 in 2018, or whether you bought at $5,200 or $6,200 in 2020 ultimately made no difference,” he said. Source link

Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,300 eyed as next support zone to hold Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to recover losses that had immediately followed the weekly close at $20,850. The pair had nonetheless locked in its best week’s gains since March, these nonetheless apt to unravel as market uncertainty… Source link

Text size Digital asset prices have collapsed in 2022. Dreamstime Bitcoin and other… Source link