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“# Bitcoin exchanges just saw massive Tether stablecoin deposits ” Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode’s data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in…
“# Bitcoin price stalls as traders warn BTC could dip lower than $55K ” Bitcoin (BTC) barely recovered its losses on April 9 as fresh doubts emerged about the bull run continuing this month. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview $56,760 “not a convincing bottom” After sliding 5% on Wednesday, BTC/USD saw only a…
“# Bitcoin bulls return after BTC bounces at a key support level ” A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000. The market-wide sell-off led to $1.4 billion in liquidations and some analysts suggested that this could be the final sweep out of…
“# Retail traders become ‘sitting ducks’ as sell-off triggers $1.4B liquidation ” After flirting with a $2 trillion market capitalization for the last couple of days, the cryptocurrency market took a 7% hit on April 7, dropping the total crypto market cap to $1.8 trillion. As the unexpected sell-off took place, investors scrambled to find…
“# Price analysis 4/7: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA ” According to CoinShares, the institutional inflow into crypto products hit $4.5 billion in Q1, which is 11% higher than the intake seen in Q4 2020. This shows that institutional interest is on the rise but the quarter-on-quarter growth has slowed…
“# 5 key reasons why Bitcoin will likely see new all-time highs soon ” The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of…
“# Kimchi premium collapses: Short-term top signal or a reset for Bitcoin? ” The so-called Kimchi premium, which measures the premium of the Bitcoin (BTC) price in South Korea’s cryptocurrency exchange market, plummeted overnight. The premium declined from 22% to 15% within a matter of hours on April 7, and it is continuing to drop…
“# Bitcoin price slides 5% as second day of losses costs Ethereum $2K landmark ” Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price barely clings to $56,000 support Cointelegraph Markets…
“# Coinbase would have earned $2B just buying Bitcoin with its seed money ” The United States’ biggest crypto exchange would have made more money by simply buying and holding Bitcoin (BTC) in 2013. Data circulating on social media reveals that despite Coinbase’s $800-million profits in Q1, the company would still be richer had it…
“# Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as DeFi heats up ” Bitcoin bulls are still struggling to push the price to a new high but the positive sign is that BTC has not corrected sharply in the past few days and the top-ranked cryptocurrency has held a market capitalization above $1 trillion since March 26. …