Bitcoin

Bitcoin (BTC) is on the edge of the cliff once again. The last chance saloon of around $55,800 is all that is holding Bitcoin up. If the price falls through this last support, there is nothing to catch it before it falls to $52,000. Is the plunge about to take place? Jobs data out on Friday - 50 basis point rate cut becoming likely? With a nervously awaited non-farm payroll report being released later on Friday, and the U.S. stock…

As Bitcoin’s price retraces, large holders known as whales are seizing the moment, quietly accumulating while retail investors offload in fear. This trend, highlighted by data from Santiment, suggests that these influential players are seeing opportunity in the recent market downturn, even as headlines continue to warn of crashes and bear markets. Bitcoin Whales on a Buying Spree Brian Quinlivan, Lead Analyst at Santiment, notes a significant uptick in whale accumulation over the past three months. According to Santiment’s data,…

This week has proven difficult for Bitcoin and the broader crypto market. After nearly reaching the $60,000 mark, Bitcoin’s price has dropped about 5%, currently trading at approximately $56,400. Significant outflows from spot Bitcoin Exchange Traded Funds (ETFs) notably influenced the downturn. Crypto Market Enters Extreme Fear as Bitcoin Struggles Although US markets were closed on Monday, substantial withdrawals resumed thereafter. On Tuesday, spot Bitcoin ETFs saw a net outflow of $287.78 million. Subsequently, on Wednesday, ETFs recorded a further…

Bitcoin’s (BTC) inability to trade above certain price levels for over a week could spell bigger issues for the flagship cryptocurrency. These struggles have raised valid concerns as bearish sentiment continues to gain traction while market volatility intensifies. Seven days ago, Bitcoin attempted to retest $60,000. However, it faced rejection and has since been unable to reach the region. The following is what must happen for Bitcoin to avoid a market collapse worse than that of August 5. BTC Survival…

The post Bitcoin Whales Are Back: Is ‘Uptober’ Set for a Massive Price Surge? appeared first on Coinpedia Fintech News September has traditionally been a tough month for financial markets, including cryptocurrencies, with many investors experiencing declines across different asset classes. However, October is often viewed as a brighter period, especially for Bitcoin (BTC). In fact, Bitcoin has shown positive returns in 9 of the last 11 years, delivering gains of nearly 60%. Uptober Is Coming!!! The data suggests that…

As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House.  America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his vision for embracing industries of the future, notably positioning the United States as the global hub for crypto and Bitcoin.  “Instead of attacking industries of…

Bitcoin price declined and retested the $55,600 support zone. BTC is now struggling and might face hurdles near the $57,000 resistance level. Bitcoin is struggling to recover above the $57,750 zone. The price is trading below $57,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $57,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,000 or $57,750 resistance…

Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level.  Bitcoin Risks $50,000 Drop If Support Fails Elja Boom, a crypto analyst took to X (formerly Twitter) on September 5 to discuss the current price trends and market movements of Bitcoin. Boom shared…

The post Will Bitcoin Price Crash? Whale Activity and Metrics Show Bearish Signs appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency is poised for a massive price crash as whales and institutions have dumped notable BTC in the past 24 hours. On September 5, 2024, prior to the opening of the US Stock market, a smart Bitcoin whale dumped a significant 680 BTC worth $38.77 million to the Binance. Whale Sell-off Millions Worth BTC This smart…