Bitcoin

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It’s morning in Miami, and a restless crowd, many thousands strong, has assembled outside the gates of the Mana Wynwood conference center. It’s early June, and they’re here to attend Bitcoin 2021, a two-day conference in Miami’s swiftly gentrifying Wynwood neighborhood that’s attracted 12,000 attendees in what is being advertised as not only the largest Bitcoin conference in history, but one of the biggest public gatherings in the U.S. since the Covid-19 pandemic began. But now,… Source link

Bitcoin (BTC) might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations. One might be under the impression that a $1 billion liquidation is usual for Bitcoin. Still, traders tend to remember the most recent exaggerated movements more than any other price shifts, especially when the price crashes and people lose money. This negativity bias means that even when various price impacts… Source link

Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from betting on the digital asset’s long-term bullish outlook. According to one of the Glassnode metrics, dubbed as Liveliness, the Bitcoin market has been noticing a shift in long-term investors’ “macro hodling behavior.” Hodling… Source link

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Cryptocurrencies traded higher on Friday after a volatile week. Bitcoin was holding above $33,000 support at press time and is roughly flat for the week. Technical charts suggest buyers will remain active above $30,000, although upside momentum is starting to slow heading into the weekend.  “The possibility of price action dropping into the mid-$20,000 range is alive, but traders looking for a retest of previous all-time highs will likely be disappointed,” Sean Rooney, head of research… Source link

It’s turning out to be a boring summer for directional traders in the bitcoin market: The cryptocurrency has gone comatose in a narrow range above $30,000, less than half the all-time high reached just two months ago.  But some options traders are busy as ever, taking relatively high-risk strategies to profit from the cryptocurrency’s continued price consolidation. One of those strategies involves putting on “short strangles,” essentially a bet that bitcoin’s price won’t break… Source link

Bitcoin goes into the typically low volume weekend with a sense of relief after it finally managed to climb above the $33,000 level of resistance on Friday. The apparent breakout follows a frustrating 24-hours in which the world’s largest cryptocurrency failed to conquer $33,000 despite five meaningful attempts. Attention will now turn to where Bitcoin futures will close on CME at 11pm UTC this evening. A close above $33,400 should signal that the cryptocurrency market will be relatively… Source link

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Cryptocurrencies traded lower on Thursday as regulatory concerns resurfaced. Bitcoin broke below initial support at $34,000 and is down about 5% over the past 24 hours. The cryptocurrency could stabilize around $30,000, which is the bottom of the month-long trading range.  There is a lack of a “real catalyst or market-moving events right now,” wrote QCP Capital in a Telegram chat. “We expect volatility to remain under pressure until mid [to] late August.” “With BTC, we have seen… Source link