What happened The two largest cryptocurrencies by market capitalization, Bitcoin ( BTC 8.02% ) and Ethereum ( ETH 4.12% ), have seen some significant selling pressure today. These two tokens are trading slightly above their daily lows but are down 3.8% and 4.6%, respectively, over the past 24 hours at 12:40 p.m. ET. Bitcoin’s […]
Bitcoin
Bitcoin hits $44K after Canada emergency powers accompany 6% BTC price increase
Bitcoin (BTC) opted for fresh upside on Feb. 15 as a trip to near $40,000 saw an abrupt change of direction. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI prints classic bull signal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining swiftly overnight into Tuesday, going on to pass […]
Crypto spring? Bitcoin hits $44,000, gains for five straight days | Crypto News
That’s the cryptocurrency’s longest winning streak since September. By Akayla GardnerBloomberg Published On 7 Feb 20227 Feb 2022 Bitcoin rose for a fifth consecutive day, the longest winning streak since September, as investors begin to re-embrace risk assets across global markets. The largest cryptocurrency by market value gained as much as […]
Bitcoin analysts fear new BTC price dip as funding rates drop post-Fed
Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding signals dip expectations Data from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling that capped price action overnight into Friday. BTC/USD had recovered […]
Bitcoin Price Is Positively Correlated to Stock Market Amid Meltdown
Bitcoin’s past performance suggests the asset class is less like gold and more like stocks. In prior stock market corrections, bitcoin plummeted while gold served as an effective hedge. “The correlation between bitcoin and high-growth benchmark ARKK still stands at ~60% year-to-date,” Fairlead’s Katie Stockton said in a Friday note. […]
Bitcoin falls again as crypto nosedive wipes out $1T in value
Bitcoin fell by as much as 10% in trading on Monday, capping losses that have totaled 20% during the past week and wiped off $1 trillion in the crypto market’s total value since November. As of Monday morning, bitcoin was trading at around 7.5% lower than on Friday. The price […]
Panic as Kosovo pulls the plug on its energy-guzzling bitcoin miners | Cryptocurrencies
For bitcoin enthusiasts in Kosovo with a breezy attitude to risk, it has been a good week to strike a deal on computer equipment that can create, or “mine”, the cryptocurrency. From Facebook to Telegram, new posts in the region’s online crypto groups became dominated by dismayed Kosovans attempting to […]
Bitcoin closes lucrative year with a whimper | Crypto News
Bitcoin is ringing out a banner year with a rocky finish. The largest cryptocurrency by market value is on pace to close out December with a 19% drop, its largest monthly loss since May. That’s also its worst December since 2013. And its 59% advance in 2021 marks its smallest […]
Why Bitcoin, Ethereum, and Dogecoin All Plunged Today
What happened The cryptocurrency market is crashing on Tuesday with major cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) all dropping high-single digits. A traditionally slow week of trading could be at fault, so investors will want to watch momentum once people return to work in the new year. […]
Crypto regulation is coming, but Bitcoin traders are still buying the dip
Looking at the Bitcoin (BTC) chart from a weekly or daily perspective presents a bearish outlook, and it’s clear that BTC’s price has been consistently making lower lows since hitting an all-time high at $69,000. BTC/USD on FTX. Source: TradingView Curiously, the Nov. 10 price peak happened right as the United States […]