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“# Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lows ” Bitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed. According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000. NVT…
“# Elon Musk tweets BTC price bottom? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is nearing $40,000 this week as “Dogefather” Elon Musk deals out pure pain to hodlers — what’s next? After a traumatic weekend for many crypto investors, Monday is setting the stage for the next chapter in the…
“# Bitcoin and Ethereum usage fees drop 70–80% as market slide continues ” Transaction fees on Bitcoin and Ethereum have fallen by 81% and 71% respectively over the last few weeks, as the broader cryptocurrency market continues to descend from its recent all-time high. The average cost of using the Ethereum blockchain fell from $69.92…
“# Here’s how Bitcoin’s intraday volatility complicates leverage trading ” The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter. This condition creates a FOMO-like situation where everyone gets greedy. The temptation to boost potential earnings…
“# Top 5 cryptocurrencies to watch this week: BTC, XRP, DOT, XLM, SOL ” Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than 1,000 BTC have reduced from about 2,500…
“# Bitcoin slips below $46K as correction deepens; institutions keep accumulating ” Bitcoin (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency. Bitcoin fell to a session low of $45,127.01, according to TradingView, before staging a modest…
“# Caitlin Long reveals the ‘real reason’ people are selling crypto ” The founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin’s reserves may have contributed to the altcoin selloffs last week. In a series of Saturday tweets, Caitlin Long said that Tether Holdings Limited’s breakdown of Tether’s (USDT) reserves…
“# Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth ” Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. …
“# Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden ” Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle — despite growing uncertainty and increasing volatility. “We are seeing a lot of froth throughout the industry”, she said, referring…
“# Cardano smashes $2 resistance as bullish signals enter for Bitcoin price ” Cardano’s ADA token neared $2.40 on May 15 as a select few altcoins bucked the bearish mood to steal the spotlight from a weak Bitcoin (BTC). ADA/USD 1-hour candle chart (Binance). Source: Tradingview ADA in price discovery as $2.50 nears Data from…