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” Further downside is expected, but multiple data points suggest Bitcoin is undervalued “ The outlook across the cryptocurrency ecosystem continue to dim as the sharp downtrend that was initially sparked by the collapse of Terra now appears to have claimed the Singapore-based crypto venture capital firm Three Arrows Capital (3AC) as its next victim. …
” BTC price rejects at $23K as US dollar declines from fresh 20-year highs “ Bitcoin (BTC) ran out of steam near $23,000 on June 16 after the biggest United States key rate hike in nearly thirty years. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength wobbles after rate hike news Data from Cointelegraph…
” ‘Builders rejoice’: Experts on why bear markets are good for Bitcoin “ The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels. Bitcoin’s Fear and Greed Index fell posted the lowest records…
” ‘Cheaper than it looks’: Fidelity exec says BTC undervalued and oversold “ Jurrien Timmer, Fidelity’s director of global macro, has argued that Bitcoin (BTC) may be “cheaper than it looks”, highlighting evidence on Tuesday that the cryptocurrency may be both undervalued and oversold. Addressing his 126,000 Twitter followers, Timmer explained that while Bitcoin has…
” Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip? “ Bitcoin (BTC) has been unable to restore the $24,000 support since Celsius, a popular staking and lending platform, paused withdrawals from its platform on June 13. A growing number of users believe Celsius mismanaged its funds…
” Price analysis 6/15: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB “ Bitcoin (BTC) plummeted close to the crucial support of $20,000 as traders panicked and dumped their holdings, fearing an aggressive rate hike by the United States Federal Reserve on June 15. Another reason for the sell-off could be fears of…
” Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation “ Global financial markets were squarely focused on the U.S. Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank fights to…
” Bitcoin bounces 8% from lows amid warning BTC price bottom ‘shouldn’t be like that’ “ Bitcoin (BTC) spared hodlers the pain of losing $20,000 on June 15 after BTC/USD came dangerously close to last cycle’s high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “bottom” fools nobody Data from Cointelegraph Markets Pro and TradingView showed…
” Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K “ Bitcoin’s (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since recovered above $21,000, key market indicators point toward bears having a significant…
” Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk “ Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs. Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse June 14….