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“# Institutional demand for Bitcoin evaporates as BTC struggles below $31K ” The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro…
“# Here’s how altcoin futures volumes and the USD lending rate signal market crashes ” Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data…
“# 3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50% ” China’s ongoing crackdown on Bitcoin (BTC) mining resulted in a mass relocation of mining operations out of the country and it has led to a more than fifty percent drawdown in the Bitcoin network hashrate from an all-time high of 197.9 exahash…
“# Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) broke below the immediate support at $31,000 today and that has resulted in selling across several major altcoins. Coincidently, the fresh push to the downside in Bitcoin has come a day after the much talked about unlocking of…
“# Bitcoin price dives below $31K after lowest weekly close in 8 months ” Bitcoin (BTC) fell below $31,000 support on Monday after sideways trading gave way to downside pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fresh pain for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $30,630…
“# Fed takes on stablecoins: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store? Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them…
“# Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO ” Bitcoin (BTC) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows. In a series of tweets, Ecoinometrics…
“# $31.5K Bitcoin price on track for lowest weekly close of 2021 ” Bitcoin (BTC) was on track to lose nearly $3,000 this week as a weekend of mixed price behavior came to an end. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader hopes for last-minute BTC price volatility Data from Cointelegraph Markets Pro and…
“# Four North American Bitcoin miners that could benefit from the East-West shift ” Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers…
“# Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K ” It’s now three months since the last Bitcoin (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next. In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year’s descent…