Bitcoin

Bitcoin‘s (CRYPTO:BTC) price has skyrocketed more than 7,200% over the past five years, easily outperforming traditional assets and silencing the critics who claimed the cryptocurrency’s gains were unsustainable. In this year alone, Bitcoin’s price has nearly doubled, even as China’s crackdown on cryptocurrency trades throttled its gains. As of this writing, the price of a single Bitcoin hovers just above $56,000. Some investors might think Bitcoin’s… Source link

Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000. The market price of BTC fell down 26.4% from week-long support of $57,206 to go down to $42,268 before recovering back to the $45k mark. According to ByBit data, the Bitcoin market experienced $1.3B total liquidations in the past hour, with $735M liquidated in BTC longs on this… Source link

“So far I’ve seen upwards of 4000 BTC being sold that pushed the market abruptly down,” Laurent Kssis, a crypto exchange-traded fund expert and director of CEC Capital. “In fact, 1,500 BTC alone was sold in less than a minute at the time of the drop.” Source link

The largest-ever seizure of cryptocurrency by the U.S. government has worked out to be a windfall for taxpayers. At issue are thousands of bitcoins seized in November 2020 in connection with the illegal Silk Road marketplace, a dark web forum on which drugs and other illicit products were bought and sold with the digital currency.  The bitcoins are still in the government’s possession, for bureaucratic reasons. And in the year since, bitcoin has tripled in price. So what was once worth $1… Source link

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The price of Bitcoin ( BTC -5.43% ) reached an all-time high of more than $68,000 per token in early November. It has since given up some of that ground, but bitcoin’s current price is still significantly higher than it was at the beginning of 2021 — when one bitcoin was going for just $32,200. With Bitcoin’s price rising quickly, investors may be wondering whether they’ve missed out on Bitcoin’s gains or should still invest in the digital coin. While there’s no guarantee that… Source link

The short-term downtrend in BTC is defined by a series of lower price highs since Nov. 10, as seen in the chart above. Recently, oversold signals appeared on the charts, which could encourage short-term buying from the $53,00 support level. A decisive break above $60,000 would reverse the short-term downtrend. Source link

However, the U.S. regulatory stance on activity like this remains complicated. Depending on the bank and what exactly is being proposed, regulation could come from a mix of the OCC, the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). Source link

“The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with an increased commitment by asset managers,” said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of CEC Capital. The report was released on Friday. “Having said that, it won’t be enough to commit to the $100,000 rally this month as everyone is/was predicting.” Source link

Bitcoin (BTC) was on repeat on Dec. 2 as markets watched another attack on $60,000 end in defeat. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Nothing has changed” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back at $57,000 Thursday, having come full circle in 24 hours. The pair had briefly hit $59,000 into the Wall Street open the day prior, this failing to hold as another round of macro triggers skewed sentiment to the downside once more. Bitcoin thus… Source link