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“# 3 convincing signs the Bitcoin bears have stopped selling ” Bitcoin (BTC) price surged higher in the early New York session on May 26, breaching the $40,000 level for the first time in five days as traders brushed aside concerns about China’s crypto ban and the United States’ crypto tax proposal. The benchmark cryptocurrency…
“# Bitcoin price volatility hits 2021 high as one analyst paints $15,000 target ” The current cryptocurrency market scenario is only for traders that have an extremely high appetite for risks. But for the weak-hearted ones, analysts advise patience and caution ahead. The outlook stands tall for Bitcoin (BTC) and Ether (ETH), the top cryptocurrencies…
“# Bitcoin price rebounds to $40K, Ethereum nears $3K: Is a bigger crypto rally looming? ” The price of Bitcoin (BTC) has surpassed $40,000 on May 26, breaking above a key sell area for the first time in five days. Traders expect a broader rally to come and a bullish market structure to form if…
“# Amid rising stablecoin inflow, cautious traders fear a dead cat bounce ” The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a…
“# Nearly a quarter of unique Bitcoin wallets at a loss amid $15K price dump ” Bitcoin (BTC) is down almost 30% in the last seven days and this dip has triggered an almost commensurate plunge in the percentage of wallets in profit. Data from crypto data provider Glassnode shows that Bitcoin price drawdown has…
“# BlockFi mistakenly credits users with too much Bitcoin in promo payout ” Crypto promotional schemes are old hat in the industry, with many businesses trying to secure customer loyalty through a range of perks and mini handouts. For BlockFi, however, its latest promotional offer has gone topsy turvy, after the platform mistakenly paid out…
“# Stocks, China and the dollar: 3 reasons why Bitcoin price is tanking below $40K ” Bitcoin (BTC) has hit its lowest price since Feb. 8 and is struggling to maintain $40,000 — but is Elon Musk wholly to blame? Cointelegraph takes a look at other factors working against Bitcoin bulls this week as the…
“# Bitcoin $5K ‘kimchi premium’ returns while gold prices surge in Korea ” Bitcoin (BTC) was trading at $5,000 higher in South Korea than in other markets on Wednesday as capital flow controls continue to enforce the “kimchi premium.” While Bitcoin was trading at $39,932 on Coinbase at the time of publication, the price on…
“# Bitcoin price dip below $40K costs Tesla nearly 100% of its BTC profits ” Bitcoin (BTC) fell below $40,000 on May 19 as bearish sentiment continued to dictate price direction resulting in the cryptocurrency market losing $350 billion in value. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Analysts calm as BTC/USD hits 15-week lows…
“# BTC sinks below $40K, Bitcoin inflows to centralized exchanges surge ” Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in a single hour on…