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“# Price analysis 1/11: BTC, ETH, XRP, LTC, BCH, ADA, DOT, LINK, BNB, XLM ” After an incredible run-up to nearly $42,000, Bitcoin (BTC) price finally entered a significant correction, and at the time of writing the price is down by about 18%. While the swift drop to $30,402 may not induce sleepless nights from…
“# Mark Cuban says crypto is ‘exactly like the internet stock bubble’ ” Billionaire entrepreneur Mark Cuban says the cryptocurrency market is “exactly” like the dot-com bubble of the late-1990s and early 2000s. His statement seems to signal that digital-asset valuations may implode once investor exuberance runs out. “Watching the cryptos trade, it’s EXACTLY like…
“# Bitcoin’s short-term price trajectory could be bleak, says Celsius CEO ” Healthy price corrections are generally part of market bull runs. With one such drop currently underway, Celsius’ CEO Alex Mashinsky thinks $16,000 could be in the cards. “I have been predicting that Bitcoin and many altcoins will hit new all-time highs during 2021…
“# MicroStrategy stock finally takes a breather following massive BTC-inspired rally ” Shares of MicroStrategy (MSTR), a business intelligence firm with considerable exposure to Bitcoin (BTC), declined sharply on Monday, as profit-taking ensued following a parabolic rally over the past month. The stock touched an intraday low of $464.51 in New York trading, representing a…
“# Buy the dip? Bitcoin price risks losing $30K as traders ‘manage risk’ ” Bitcoin (BTC) hodlers got a serious test of their resolve on Jan. 11 as the largest cryptocurrency approached $30,000. Cryptocurrency market overview on Jan 11, 2021. Source: Coin360 BTC price hits $30,250 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD…
“# Does a stronger dollar mean Bitcoin price is destined to lose $30K? ” Bitcoin price has been accelerating massively in recent months, with Bitcoin (BTC) rallying from $10,000 to $41,500. This rally went vertical without any major corrections in between. However, every upward cycle has its standard 30% corrections, which can even be considered…
“# Bitcoin hit by $2.7 billion futures liquidation frenzy: What happens next? ” Over $2.7 billion worth of futures contracts got liquidated in the last 24 hours, based on data from Bybt.com. This caused the price of Bitcoin (BTC) to see a large drop in a short time frame as it plunged from over $41,000…
“# Bitcoin whales are profiting as ‘weak hands’ sell BTC throughout $40K bull run ” Bitcoin (BTC) is changing hands fast after its drop to $32,000 and only millionaires are winning, data shows. Statistics governing wallet balances from Glassnode on Jan. 11 reveal that the main investors “buying the dip” are those with a balance…
“# BTC price eyes 30% correction: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) heads into a new week after another weekend of major volatility — but this time, the way was down, not up. As the market loses $7,000 — the most since the “vertical” price rises began — Cointelegraph presents…
“# FCA warns of crypto investment risks as Bitcoin dives below $33K ” The United Kingdom’s financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level…