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Bitcoin may drop toward the range low at $78,200 range in the coming days if it loses the key support provided by the 200-day EMA trendline. Bitcoin’s (BTC) price has dropped by over 5% over the last 24 hours to $88,100 after President Donald Trump’s US Strategic Bitcoin Reserve failed to meet expectations. BTC/USD daily…
Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable. Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of…
” Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem “ Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is…
” Ethereum vs. Bitcoin: ETH price risks 20% drop if key support level breaks “ Ether’s (ETH) rally versus Bitcoin (BTC) is not only showing signs of exhaustion, but is also in danger of breaking below a key technical support level. ETH slides vs. BTC in second half of January The ETH/BTC pair declined nearly…
” Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in “ While Bitcoin (BTC) has experienced a price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at least in the short to mid-term. The impressive price surge — which saw BTC…
” Bitcoin price rally provides much needed relief for BTC miners “ Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a hefty premium and some raised funds by conducting IPOs. As the crypto…
” C-C-C-Combo breaker: Bitcoin ends ‘ridiculous’ 14-day winning streak “ The two-week-long Bitcoin (BTC) winning streak has finally come to an end after the cryptocurrency formed its first red candle on Jan. 18. The day prior, BTC was shaping up to match or even beat its November 2013 record of 15 consecutive days of positive…
” Why is Bitcoin price down today? “ Bitcoin (BTC) price accelerated its sell-off on Nov. 21 to hit a new yearly low at $15,654. The move follows a market-wide decline that was catalyzed by investors running for the hills in fear that the FTX-induced contagion would infect every corner of the crypto sector. Stocks…
” Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research “ In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an “over-collateralized stablecoin,” meaning its likelihood of slipping below $1 should be lower due to excessive reserves backing its valuation. USDD stablecoin slips below $1 peg…
” Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside “ Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023. Ether has a 61% chance of breaking out versus Bitcoin The bullish cues…