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“# Price analysis 4/19: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, LTC, BCH, UNI ” During strong uptrends, the best practice is to buy on significant dips as profits are produced when the price quickly rebounds from oversold conditions. This appears to be what happened on April 18 as traders jumped at the opportunity to…
“# Bitcoin traders are eyeing these price levels as BTC rebounds from weekend crash ” The price of Bitcoin (BTC) is recovering after a strong sell-off during the weekend, caused by cascading liquidations in the futures market. BTC/USDT 15-minute price chart (Binance). Source: Tradingview.com Traders are pinpointing three levels as the critical price areas to…
“# China ‘endorses’ BTC investment: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is beginning a new week grinding back to $60,000 as the shock of a weekend price crash settles. After dropping to as low as $52,000 in a snap sell-off event, Bitcoin has spent the past two days slowly recovering…
“# Did a massive Chinese power outage cause Bitcoin’s crash down to $50k? ” Woo noted reports identifying the blackouts were published late last week, with the power outages occurring to facilitate safety inspections in response to a recent flooding accident at a local coal mine that saw 21 miners temporarily trapped underground after power…
“# Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up ” With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit. The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit…
“# Top 5 cryptocurrencies to watch this week: BTC, VET, SOL, EOS, FTT ” Bitcoin (BTC) price witnessed a sharp dump to $50,900 on April 18, which some analysts attribute to a drop in hash rate and rumors of possible action by United States regulators against unnamed “financial institutions” alleging crypto-related money laundering. While it…
“# Peak fear? Bitcoin funding rates crash to lowest levels in 7 months ” The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According…
“# Bitcoin price drops to $52K, liquidating almost $10B ” Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China, US rumors lead the BTC sell-off Cointelegraph Markets Pro and TradingView showed a brutal hour…
“# Bitcoin dips under $60,000 — What’s pulling down BTC price? ” The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency…
“# Is Bitcoin becoming the ‘Google’ of crypto as BTC market cap nears new milestone? ” Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at…