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“# Grayscale Bitcoin premium rebounds as BTC price falls below $35K — What does it mean? ” Bitcoin (BTC) has crashed by around 44% from its all-time high of $64,899, signaling an end to its second-largest bull run that started in March 2020. Many analysts, including those from BiotechValley Insights, see “terrible technicals” in the Bitcoin…
“# Bitcoin can still drop to $20K but holding remains winning strategy, data shows ” Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and…
“# Bitcoin tackles $40,000 as Biden unveils new $6 trillion federal spending budget ” Bitcoin (BTC) may get a boost to finally clear $40,000 at the expense of the United States dollar, as U.S. President Joe Biden’s new $6 trillion federal spending budget proposal is unveiled. The United States president will announce the massive fiscal…
“# Number of Bitcoin wallets holding 100-1K BTC soars after Tesla’s $1.5B buy-in ” The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early February 2021. The latest data from on-chain analytics platform Glassnode shows an inflow of roughly $19.5 billion worth…
“# 3 convincing signs the Bitcoin bears have stopped selling ” Bitcoin (BTC) price surged higher in the early New York session on May 26, breaching the $40,000 level for the first time in five days as traders brushed aside concerns about China’s crypto ban and the United States’ crypto tax proposal. The benchmark cryptocurrency…
“# Bitcoin price volatility hits 2021 high as one analyst paints $15,000 target ” The current cryptocurrency market scenario is only for traders that have an extremely high appetite for risks. But for the weak-hearted ones, analysts advise patience and caution ahead. The outlook stands tall for Bitcoin (BTC) and Ether (ETH), the top cryptocurrencies…
“# Top 5 cryptocurrencies to watch this week: BTC, XRP, DOT, XLM, SOL ” Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than 1,000 BTC have reduced from about 2,500…
“# Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’ ” Bitcoin (BTC) and altcoins’ markets lost a combined total of up to $602 billion overnight in a shocker brought forth by Elon Musk. The billionaire entrepreneur did an about-turn on his decision to accept Bitcoin for the electric vehicles offered by…
“# Yearn.finance price nearly hits $70,000 — What’s driving the YFI bulls? ” A lackluster cryptocurrency market did little in offsetting Yearn.finance’s bullish bias as the price of its governance token, YFI, reached new record highs in United States dollars on Tuesday — just shy of $70,000. YFI price hits new highs in USD The…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, XMR, CAKE ” Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC) from its all-time high at $64,849.27 does not seem to…