Bitcoin

The post Bitcoin Plummets Below $55,000 Amid Massive Liquidations appeared first on Coinpedia Fintech News Bitcoin’s price has fallen below the $55,000 mark for the first time since February, marking a dramatic decline of 13% within just four hours. The leading cryptocurrency experienced an intraday fall of 4.46%, signaling significant market volatility. The broader crypto market also faced substantial long liquidations over the past two days, totaling $697 million. Bitcoin alone accounted for $207 million of these liquidations, highlighting the…

Bitcoin is fast selling off. At spot rates, the world’s most valuable coin dropped by over 5% on the last day of trading and continues to spiral lower, easily breaking $60,000. The psychological round number has been level to watch out for over the previous few days, especially following gains over the weekend. Bitcoin Is Down: Is It Time To Buy? While Bitcoin is edging lower and sellers are relentless, one analyst thinks this is the right time to stack…

Bitcoin price failed to start a recovery wave above the $61,500 resistance zone. BTC started another decline and might dive toward $55,000. Bitcoin started a fresh decline and traded below the $58,500 zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $58,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above…

Data shows that Bitcoin traders’ sentiment has declined into ‘fear’ after the price crash the cryptocurrency has seen during the past 24 hours. Bitcoin Fear & Greed Index Is Now Suggesting A Fearful Market The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment currently held by traders in the Bitcoin and wider cryptocurrency market. The index uses a scale from zero to a hundred to represent the sentiment. The score is…

Bitcoin (BTC) experienced a significant drop, reaching as low as $56,700 on Thursday. This price level has not been seen since May 1st, as Bitcoin faces several challenges, including US political uncertainties and the ongoing sell-off of BTC seized by the German government. These factors have contributed to a nearly 20% price correction for Bitcoin, causing concern among investors. Unraveling The Bitcoin Price Drop According to a recent Bloomberg report, investors are contemplating potential scenarios if President Joe Biden decides…

Bitcoin’s price plummeted to approximately $53,500 during early trading hours in Asia on Friday, hitting this low for the first time in four months. This significant decline has raised alarms among investors and market analysts. According to BeInCrypto data, Bitcoin (BTC) has fallen by roughly 6% over the past 24 hours. Bitcoin’s Sharp Fall Liquidates Over $589 Million The volatility in Bitcoin and the broader crypto market has caused huge liquidations. In total, $589 million was liquidated, which included more…

Germany is selling off 282.74 BTC, worth over $16 million at press time, days after selling part of its stash in multiple transactions that have impacted the price of Bitcoin. Bitcoin is hurling towards $55,000 after the sales from Germany, coupled with the first movement in a month of BTC held by the defunct crypto exchange Mt. Gox. Bitcoin has dropped by nearly 10% since the start of the month, with the German government’s continued BTC sales. The movement of…

Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential shift in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces significant moves ahead and determining the direction of this momentum is crucial.   BTC Retests $60,000 Support For The 9th Time In an X (formerly Twitter) post published on July 3, a crypto analyst identified as ‘Dana Crypto Trades’ declared that Bitcoin has successfully completed its ninth test for the $60,000 support region.…

Amidst recent fluctuations, analysts have focused on Cardano (ADA) due to its potential for a significant rally. Similarly, Bitcoin (BTC), the market leader, has shown patterns that traders must understand as they navigate the current market conditions. Is Cardano (ADA) On The Brink of a Parabolic Rise? Cardano, often lauded for its technological foundation, has recently caught the attention of experts predicting an imminent rally. Dan Gamberdello, a prominent advocate for Cardano, has publicly stated his expectations for an “explosive”…