Bitcoin

The BTC price surged 15% on Monday, rising from the $34.5K level to hit highs of $39,681. Although the bulls are yet to break above the $40K resistance, market participants who have endured months of muted price action now have renewed hope that the bull market is still on. The week is off to an excellent start for bulls, who managed to propel the BTC price to levels not seen since June 16. The uptick kicked off slowly in the…

Bitcoin has been range-bound since a massive sell-off hit the crypto market through April and May of this year. That retracement wiped out about $1 trillion from the combined market cap of cryptocurrencies and saw BNB, XRP, and DOGE shed approximately 50% off their recent peaks. However, that bearish trend reversed this past week after BTC bulls managed to flip the $30K resistance into support. Although the world's first crypto started the week on a muted note that saw it…

Thomas Peterffy, founder and Chairman of Interactive Brokers, revealed he had invested in digital currencies. However, he did not reveal which cryptocurrencies he owns. He further said that the clients of his company have been showing massive interest in digital assets services. The billionaire founder said he had placed a little bit of money into crypto. However, he noted that despite the chances pointing that this is not going to be a viable market, he still thinks that there’s a…

The price of bitcoin is trading well below the $30K support amid a broader crypto market retreat. The BTCUSD pair slipped as low as $29,300 on Tuesday morning, trading lower than it did at the start of 2021.  The heavy losses now mean that the king coin has erased all the gains accumulated in this year's bull cycle, despite rising to lofty heights above $64K just three months ago. Many market participants are now exhibiting extreme fear after the latest…

Bitcoin failed to gain momentum over the past 24 hours and dropped almost below $31K as the broader crypto market struggled to rebound. According to a tweet from respected trader Byzantine General, retail investors are cashing in on the decline by consistently short squeezing the flagship cryptocurrency. This trend might spark some panic selling in the market, pushing prices closer to the much-awaited bitcoin bottom. Responding to Byzantine general’s outlook on the bitcoin market, one Twitter user wrote: “Chances of…

The On-chain data chart shows a bizarre trend whereby entities' net growth is still rising despite the Bitcoin price dropping from its all-time high of $65k.  The current data is even higher than the 2017 net growth before the price of Bitcoin came crashing down after a high of 25k. As expected, the net growth went down, but this is not the case for Bitcoin at the moment. What is Causing the Weird Movement? Net growth of entities is defined…

On Thursday, bitcoin fell below the $33,000 level sending the whole cryptocurrency market into a frenzy. Some coins such as Ether, Cardano, Dogecoin, Polkadot, and Dogecoin followed suit with drops of around 10%. The cryptocurrency has been trading at around half of its April peak, at $65K, for the past two months. However, it is currently starting to regain the $33K level and is trading at around $33,372. What Caused the Price Plunge? The price plunge was noted when reports…

According to several on-chain features, the possibility of Bitcoin heading towards a significant price boost is still in the game. Miners have ceased disposing of their coins, including long-term hodlers. The Stablecoin Supply Ratio has also dropped substantially recently. Apart from being the root of the Bitcoin network, miners also have a notable role in the underlying asset price. For example, they can negatively impact BTC's price when they finally sell off massive portions. This was the case at the…

Bitcoin (BTC) suffered a significant dip in its price, dropping by more than 11% overnight. This dip took the market by storm, with over $1.6 billion liquidated in exchanges within 12 hours.  Bitcoin (BTC) Price Drops Sharply after ATH Bitcoin has been enjoying steady gains in the past two weeks after a reasonably stable end to January. Buoyed by solid fundamentals, the leading coin's price surged past the $50k on February 16 to herald a new bull run.  Since then, BTC's price…