Bitcoin

Topline Bitcoin—the world’s most popular cryptocurrency—struggled to recover its losses on Friday after plunging below the $50,000 price level in the early hours of the morning thanks to investor jitters over President Biden’s plan to nearly double capital gains taxes for the wealthy.  getty Key Facts A wave of selling that started early Friday morning pushed bitcoin’s price as low as about $47,814, according to crypto-data website CoinMarketCap, and wiped $97… Source link

Bitcoin slipped on Friday as reports of U.S. President Joe Biden mulling a tax hike on wealthy Americans drew stronger selling pressure in the spot market. The biggest cryptocurrency traded well below the 100-day simple moving average support of $49,470 during the European hours, marking the first breakdown of the widely tracked technical line in six months and extending the recent sell-off from record highs above $64,000. Other alternative cryptocurrencies such as ether, binance token, XRP, Source link

The market is clearly choosing other digital assets over bitcoin. Ether hits a fresh record price and BNB dominates. Bitcoin (BTC) trading around $52,612 as of 21:00 UTC (4 p.m. ET). Slipping 4.7% over the previous 24 hours. Bitcoin’s 24-hour range: $52,889-$55,233 (CoinDesk 20) BTC below the 10-hour and 50-hour moving average on the hourly chart, a bearish signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 19. Source: TradingView Bitcoin had its… Source link

Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images The price of bitcoin slipped to a near one-month low Thursday after a record-shattering week ahead of Coinbase’s listing on April 14 in which the world’s largest cryptocurrency broke consecutive records above the $63,000-level. Bitcoin slipped to $53,318 at 2:01 p.m. ET to its lowest since March 24. It was trading lower by 4% to 53,519 at 2:18 p.m. ET. “BTC has slipped below the 50 [day moving… Source link

Money, it’s often said, is a shared fiction. I give you a slip of paper or, more likely these days, a piece of plastic. You hand me eggs or butter or a White Chocolate Mocha Frappuccino, and we both walk away satisfied. With cryptocurrency, the arrangement is more like a shared metafiction, and the instability of the genre is, presumably, part of the thrill. Dogecoin, a cryptocurrency that was created as a spoof, has risen in value by eight thousand per cent since January, owing to a… Source link

Bitcoin, after hitting a fresh all-time high last week, is showing signs of weakness (with some predicting bitcoin could be about to peak). The bitcoin price, now hovering around $55,000 per bitcoin, is currently up almost double where it started 2021—with the wider cryptocurrency market riding its coattails to a total value of over $2 trillion. Now, with a sudden weekend sell-off leaving bitcoin traders and investors reeling, JPMorgan analysts have warned that if the bitcoin price… Source link

It’s boring bitcoin so far this week, with ether making gains for traders in a crypto market that overall is still signaling bullishness. Bitcoin (BTC) trading around $55,502 as of 21:00 UTC (4 p.m. ET). Slipping 1.9% over the previous 24 hours. Bitcoin’s 24-hour range: $54,565-$57,043 (CoinDesk 20) BTC close to the 10-hour and 50-hour moving average on the hourly chart, a sideways signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 18.Source:

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Several technical analysts have commented on bitcoin’s recent price declines. Photo by: STRF/STAR … [+] MAX/IPx 2021 3/13/21 Bitcoin rises above $60K to a new record high. STRF/STAR MAX/IPx Bitcoin prices recently dropped below their 50-day moving average (MA) and have stayed below this key level for a matter of days, a development that has prompted coverage from multiple media outlets. However, is the recent decline as bearish as some make it seem? Several analysts have… Source link

Bitcoin is setting up for a near-term downturn that could see it shed a good chunk of its recent gains, even if the longer-term outlook appears healthy for the world’s No. 1 crypto. That’s the view of a number of analysts after bitcoin prices BTCUSD, -1.15% breached a key technical level following the exuberance for digital assets in the wake of Coinbase Global’s COIN, +1.54% listing on the Nasdaq last week. … Source link