Bitcoin

Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Bitcoin (BTC) price fell to a new yearly low at $16,800 as anonymous unconfirmed sources suggested that after a closer review of FTX’s books, Binance could back out of its agreement to acquire the beleaguered exchange. Crypto market performance. Source: Coin360 Another factor having a potential impact on the market is a wave of successive liquidations in… Source link

Bitcoin’s (BTC) push to exit the bear market suffered a blow after the crypto sector was hit with a high-profile liquidity crisis affecting the FTX exchange. Consequently, the flagship cryptocurrency has corrected almost to a two-year low, with bulls appearing helpless.  In this line, Kitco News analysts Jim Wyckoff on November 9 suggested that bears have a technical advantage translating to a possible sustained Bitcoin price correction.  According to Wyckoff, the FTX crisis has… Source link

This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. So FTX is rekt after all. As we’ve witnessed throughout the year, even the “reputable” industry actors are basically just high rollers who got lucky for some time — until reality catches up with them. Bitcoin is an unforgiving phenomenon. The sheer reality of its 21 million limit and the intrinsic inability to print any more should put everyone’s ego on mute; but from time to time there come… Source link

Bitcoin’s drop to a multi-year low is a worrying sign that might push the remaining investors away from the market. However, it is still important to understand and break down what exactly caused such a major drop in market value and if bears are to blame. According to on-chain data shared by Santiment, “overzealous” traders who have been trying to short the mild Bitcoin recovery yesterday lost a significant amount of funds during the unexpected recovery of the digital gold. 😵‍💫 Source link

Bitcoin (BTC) liquidated $200 million of long positions on Nov. 8 as BTC price briefly tumbled to two-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sets new two-year low Data from Cointelegraph Markets Pro and TradingView revealed carnage across crypto price charts as exchange FTX kept the mood low. After initially rebounding over $20,000 on news that the embattled FTX might be bought out by competitor Binance, panic returned after the Wall Street open. BTC/USD… Source link

Bitcoin price declined over 10% and even spiked below $18,000. BTC remains at a risk of more losses, as the FTX faces more heat. Bitcoin started failed to recover ground and declined over 10%. The price is trading below $19,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $18,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down towards the… Source link

KanawatTH/iStock via Getty Images Thesis Summary Bitcoin (BTC-USD) has just sold off, going as far as breaking below the June low. This can be attributed partly to the recent debacle between FTX (FTT-USD), Alameda and Binance (BNB-USD). However, this can also be explained by technical analysis, and I was personally expecting a sell-off like this. Another Liquidation Event The recent sell-off has coincided with increased concerns that FTX could become insolvent, which became an issue when… Source link

After topping the $21,500 mark on Nov. 4, Bitcoin (BTC) price is down by 14% on Nov. 8, reaching a new yearly low at $17,166 and most altcoins are following suit.  While the Binance and FTX news initially caused an uptick in the market, the day turned south as various unconfirmed sources speculate that FTX’s losses could show a $6 billion deficit. This price decline breaks Bitcoin’s short-term correlation to the stock market, with the tech-heavy Nasdaq down only 0.32%, while the Dow… Source link

Alex Dovbnya The Bitcoin price has collapsed to a new yearly low amid the FTX drama The price of Bitcoin crashed to a new yearly low of $17,114 on the Bitstamp exchange before paring some losses.  Image by tradingview.com The largest cryptocurrency is now down as much as 15.7% over the last 24 hours.     The cryptocurrency market has been hit extremely hard by the FTX drama. As reported by U.Today, Binance agreed to acquire its arch-rival earlier today after it turned out that the… Source link

In this article, we discuss the 11 best Bitcoin stocks to buy now. If you want to skip our detailed analysis of the crypto industry and outlook for future growth, go directly to 5 best Bitcoin stocks to buy now. In November 2021 Bitcoin’s value reached an all-time high, $68,990 before closing at $64,995. However, due to rising inflation and pressure from macroeconomic forces, Bitcoin fell to $46,164 in mid of December 2021. Between January and May 2022, the digital currency continued to… Source link