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“# Bitcoin bear market confirmed? Analysts at odds over whales’ BTC exchange moves ” Bitcoin (BTC) is “confirming” a bear market because whales are still sending large amounts of BTC to exchanges. That’s according to Ki Young Ju, CEO of on-chain analytics service CryptoQuant, who on June 21 warned over the “very uncertain” current state…
“# Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines ” The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times. Monitoring the Tether (USDT) treasury for large…
“# Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry ” Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some…
“# Price analysis 6/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” In a bearish environment, traders latch on to every bit of negative news and make that a an excuse to sell. Bitcoin (BTC) dropped over $1,000 within a few minutes as news hit the stands that the third-largest Chinese bank,…
“# Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K ” Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned. The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately…
“# China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling. What could be next? With bullish short-term voices few and far between, it seems that…
“# Bitcoin price dips to $32.5K on ‘consistent’ new China FUD ” Bitcoin (BTC) shed $1,000 in minutes on June 21 as fresh news from China succeeded in routing bulls yet again. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3rd biggest Chinese bank warns on crypto Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# 4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds ” In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, THETA, XMR, AMP ” The U.S. Federal Reserve’s plans to advance its timeline for rate hikes to 2023 has led to profit-booking in the U.S. stock market, gold, and Bitcoin (BTC). The markets received a second jolt on June 18 after James Bullard, the president of…
“# Bitcoin price can hit $450K in 2021, $135K is ‘worst-case scenario’ — PlanB ” Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.” That’s according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis. Bitcoin to…