Bitcoin

Others such as Chris Terry of lending platform SmartFi say they expect bitcoin to trade in a fairly narrow range in the short term. “The feeling of the trading desk is that if bitcoin stays in the $18,000 to $20,000 [range], it’s going to be a long drawn out, and we could be in this trading range now for weeks,” he said. Source link

The richest non-exchange Bitcoin wallet is on a BTC shopping spree as the crypto market downturn continues. The wallet, ranking third in Bitcoin holdings behind two crypto exchange wallets, bought 4,816 BTC over the past month, splurging over $102 million in the process. At the start of June, the Bitcoin wallet in question held 127,873 BTC. Over the last month, the wallet has made numerous Bitcoin acquisitions in varying amounts and only one withdrawal to bring the total to… Source link

President of El Salvador Nayib Bukele must truly believe in Bitcoin—or love losing money. Undeterred by the massive losses incurred by his strategy of using public funds to invest in Bitcoin, Bukele announced last night that he spent another $1.5 million to buy 80 BTC at $19,000 per coin. “El Salvador bought today 80 BTC at $19,000 each,” the Central American politician tweeted, “Bitcoin is the future, thanks for selling cheap,” he said. Prior to this latest announcement, Bukele had… Source link

As the crypto winter bites deeper, on-chain metrics suggest that confidence among Bitcoin whales has far from waned. The leading cryptocurrency is currently trading under $20,000, down 35% year-to-date, and down as much as 71% from its all-time high of about $69,000 in November last year. During massive sell-offs like this, many investors liquidate their positions. This, however, does not appear to be the case when it comes to those who hold more than 1,000 BTC. Fresh data from IntoTheBlock… Source link

Following a move below $19,000 on Thursday, BTC was able to rise above $20,000 during today’s trading session. ETH also was able to remain above $1,000, following an attempt by bears to push price under this level during yesterday’s session. Bitcoin Bitcoin was trading marginally higher on Friday, as markets rebounded following a bearish session on Thursday. Despite a heightened level of volatility, the world’s largest crypto token climbed to an intraday peak of $20,632.67… Source link

Arman Shirinyan Coinbase market makers are no longer selling Bitcoin, but it might not be enough for bounce The Coinbase Premium Index is a tool for determining the difference between Bitcoin’s price on Coinbase Pro and exchanges like Binance. The premium or discount on the index tells us if institutional investors are actively selling or buying the spot asset, which is a direct indicator of market sentiment. Previously, the CryptoQuant analyst noted that for the last 45 days,… Source link

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Text size Bitcoin and other digital assets were falling on Thursday morning. Dreamstime … Source link

The asset dropped 5.5% in the past 24 hours, and is on track for a record 40% monthly decline. Other large cryptocurrencies also weakened, with ether notching a 9.9% 24-hour drop and Solana’s SOL falling as much as 11%. Total cryptocurrency market capitalization lost 4.3%. Source link

If you have been keeping tabs on Bitcoin [BTC] and the crypto market at large for the last few months, chances are you are feeling a bit bitter. Unless you happen to be one of the Bitcoin critics and doom-mongers, in which case, you may be gleaming with joy. It is difficult, especially for those new to crypto investing to avoid panicking as cryptocurrencies continue crashing. However, there are multiple reasons why you should keep calm and trust Bitcoin. For starters,… Source link