BTC

As Bitcoin (BTC) continues to meander along, inside a sideways and downwards channel, both gold and silver are at, or close to, all-time and local highs. It appears that the precious metals are leading the way, but Bitcoin is sure to follow soon. Gold and silver - the havens of safety throughout history Long before Bitcoin came into existence, gold and silver were the precious metal havens of safety. In times of recession, investors would make sure that a good…

Some consternation is probably being felt across the crypto market, as Bitcoin returned to the major support at $58,000 once again. Will $BTC keep knocking on this level until it eventually falls through? Or are the last few weaker hands being shaken out before a surge back to the highs? Don’t get caught up in all the noise The life of a holder of Bitcoin cannot be easy. There is the constant spectre of some huge entity selling, and the…

The post Bitcoin Whale Scoops 1,000 BTC, Holding $450M After $468M Sell-Off in July appeared first on Coinpedia Fintech News A Bitcoin whale recently bought 1,000 BTC valued worth almost $59.65 million amid the recent dip. With the recent purchase, the whale’s total holdings hit 7,559 BTC, worth around $450 million. Historically, this whale has been active in the market and sold 7,790 BTC in early July, worth $468.3 million at the time. 

Bitcoin briefly fell below $58,000 late on Wednesday, dipping to a low of $57,974 before recovering. Since then, price action has been relatively muted, with Bitcoin (BTC) trading just above the $59,000 price level, down 0.80% in the past 24 hours.  Meanwhile, Ethereum (ETH) has regained the $2,500 level after registering an increase of almost 2% and is currently trading around the $2,524 mark. While BTC’s slump below $60,000 signals near-term weakness, long-term investors remain bullish and continue to withdraw…

The post Retail Traders are Shorting BTC Again: Should you be Bullish or Bearish on Bitcoin? appeared first on Coinpedia Fintech News The Bitcoin price has become largely volatile ever since the crypto markets and the global financial markets suffered after the Japan market crash. The Bulls are trying hard to reclaim the lost levels, while the Bears are leaving no stone unturned to keep the rally within a restricted range. Meanwhile, the BTC price is displaying the possibility of…

The post Bitcoin Whales Collect 133.3K BTC from Retail Sellers appeared first on Coinpedia Fintech News In this struggling cryptocurrency market, Bitcoin Whales and sharks are the ones continuously taking advantage of the price drop. Over the last 30 days, Bitcoin (BTC) the world’s biggest cryptocurrency has experienced a significant price drop of over 14%, potentially due to Japan’s interest rate update, Mt. Gox’s massive BTC distribution, the German government’s BTC sell-off, and other factors.  Bitcoin Whales and Sharks Accumulate…

The post CryptoQuant Reveals Top 5 Key Charts Why BTC Plunged 10.8% in Just Two Days! appeared first on Coinpedia Fintech News In the past two days, Bitcoin dropped from $65,062 to $58,053, a decrease of 10.8%, as enthusiasm over potential Federal Reserve interest-rate cuts faded. Over the past three months, Bitcoin has fallen by 12% and is currently trading 20% below its peak of nearly $74,000 reached in March. Maartunn, a leading author at CryptoQuant, has examined this recent…

The post Bitcoin Price Crash: BTC Price at Risk Of Dropping To $52K, Here’s Why appeared first on Coinpedia Fintech News Bitcoin saw a sharp drop on Tuesday, plunging to $61,455 from its recent high of $65,103 just days earlier. Now at $59,000, BTC has recovered. This swift downturn rattled the crypto market, leading to a wave of liquidations totaling $20.28 million in Bitcoin long positions and $40.29 million in Ether longs. The sudden decline underscores the intense volatility in…

Bitcoin continues to surprise to the downside. The $BTC price lost more than $6,000 in the space of 48 hours, after being rejected from $65,000. The high volatility triggered more than $300 million in liquidations across the crypto market, mostly on long positions. Just when you thought it was safe to go long … Just when you thought it was safe to go long, with macro indicators generally pointing to the upside, the $BTC price dumped sharply once again, lopping…