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” Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds “ Bitcoin’s month-long (BTC) choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities markets also sold-off sharply,…
” Bitcoin price falls below its ‘realized price’ but is it time to buy the dip? “ On June 13, cryptocurrency prices plunged deeper into bear market territory after Bitcoin (BTC) sliced through its current trading range and briefly touched $22,600, its lowest level se since December 2020. According to BTC historical data, the market…
” Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K “ Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline. 75% drop in Bitcoin mining profitability The profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into the negative zone…
” Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate “ Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981. The hotter-than-expected CPI print resulted in a collapse of…
” Bitcoin price recovers $31.5K, but traders say ‘scam’ price action will bring more downside “ Bitcoin’s (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the price down to $29,200. Surprisingly, on…
” Longer-term Bitcoin holder losses hit two year lows “ Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief. Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of…
” Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event “ The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers “are now…
” Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? “ Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index…
” Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak? “ Solana’s (SOL) price dropped on June 3, bringing its net paper losses down to 85% seven months after topping out above $260. SOL price fell by more than 6.5% intraday to $35.68, after failing to rebound with…
” Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for “ The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of…