Bitcoin

Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView S&P 500 sees second best week of 2022 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended the week strong. As noted by markets commentators Holger Zschaepitz, the S&P 500 sealed its second best week of 2022, indicative of modest… Source link

While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 Consecutive Block Rewards Spent on June 24, Data Suggests Spends Were Executed by a Single Entity A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as… Source link

A Chinese state-run newspaper has published an article warning about bitcoin’s price falling to zero amid the crypto market sell-off. Meanwhile, financial regulators in Shenzhen have issued a new warning about cryptocurrency. State-Run Newspaper Warns About Bitcoin Becoming Worthless China’s state-run newspaper Economic Daily published an article warning about bitcoin Wednesday, according to SCMP. The nationwide newspaper is directly under the control of the Central Committee of… Source link

“This weekend could be another testing period for the cryptocurrency, despite the resilience shown this week in holding back above such a major level,” Oanda senior market analyst Craig Erlam said. “The support still looks shaky below and another break could see confidence in the space really put to the test.” Source link

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Bitcoin (BTC) headed toward the upper end of its trading range on June 24 as optimism crept back into traders’ forecasts. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price “ready for $23,000” Data from Cointelegraph Markets Pro and TradingView tracked a broadly stable BTC/USD as it hit local highs of $21,425 on Bitstamp. The pair had shifted higher since wicking below the $20,000 on June 22, with United States equities similarly cool going into the weekend. “Bitcoin… Source link

Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability to seeing their margins squeezed. The dip to $17,600 — 70% below November’s… Source link

Crypto’s wealthiest billionaire is reportedly confident Bitcoin (BTC) will eventually spring back to its all-time high. However, his timeline is extremely forgiving. Binance CEO Changpeng Zhao tells The Guardian it could take anywhere from a few months to a couple of years before the flagship cryptocurrency returns to a record-high price. “I think given this price drop, from the all-time high of $68,000 to $20,000 now, it will probably take a while to get back. It probably… Source link

Scaramucci was philosophical about recent crypto debacles, including the collapse of the terraUSD stablecoin (UST) and the luna token that supported it, and the liquidity problems afflicting crypto hedge fund Three Arrows Capital. “I’ve seen those mistakes made several times,” he said. Source link

Bitcoin (BTC) could have already seen a price bottom or be “really close” to one, analysts believe after eyeing new data this week. In a Twitter thread on June 22, well-known indicator creator David Puell revealed what he argues “looks interesting” about current Bitcoin buying and selling. “High likelihood” bottom is in With many sources calling for BTC/USD to dip to $14,000 or lower, bullish takes on current price action are few and far between. For Puell, however, the dynamics between… Source link