Tag Archives: Bitcoin news

Bitcoin Month-Long Rally Comes To An End: Price Plunges Below $65,000 – What’s Next For BTC?

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Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a significant decline on Tuesday, echoing the broader downtrend in the cryptocurrency market. Fueled by worries about the global economy and reduced summer liquidity, Bitcoin dropped below the $65,000 mark for the first time since May 16.  Notably, Ethereum (ETH) also faced a 4% loss, trading… Continue reading Bitcoin Month-Long Rally Comes To An End: Price Plunges Below $65,000 – What’s Next For BTC?→

Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why

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Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too… Continue reading Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why→

Hashdex Files For First-Ever Combined Ethereum And Bitcoin ETF

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In a significant development within the cryptocurrency industry, asset manager Hashdex recently submitted an application to the US Securities and Exchange Commission (SEC) for a combined spot Ethereum and Bitcoin ETF.  Ethereum And Bitcoin ETF Merge?  Bloomberg ETF expert James Seyffart noted that Hashdex’s proposed ETF would be market cap-weighted and could potentially accommodate additional digital… Continue reading Hashdex Files For First-Ever Combined Ethereum And Bitcoin ETF→

Bitcoin Tumbles Below $65,000: Should You Panic Or Buy?

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As Bitcoin dips below the $65,000 mark, currently trading at $64,886, the cryptocurrency market is witnessing a heightened sense of urgency among traders. This recent downturn reflects a broader trend observed over the past week, with Bitcoin shedding approximately 2.4% of its value. The last 24 hours alone saw a further decline of 1%, signaling… Continue reading Bitcoin Tumbles Below $65,000: Should You Panic Or Buy?→

Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000

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Bitcoin recently dropped $70,000 price level successfully. Based on crypto analyst Josh’s analysis, the flagship crypto needs to climb above this critical support level soon enough or risk flipping into a bearish trend.  Bitcoin Needs To Climb Above $68,000 Josh mentioned in a $67,000 and $68,000 is now an area of strong resistance and one… Continue reading Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000→

Bitcoin, Solana Suffer As Institutional Investors Pull $600 Million Out Of Crypto Funds

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Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto Funds Bleed Largest Since March, With Bitcoin In The Lead Crypto funds witnessed outflows of $600… Continue reading Bitcoin, Solana Suffer As Institutional Investors Pull $600 Million Out Of Crypto Funds→

Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback

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Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from the United States.  In addition, the resulting outflows of over $600 million from the primary market of the digital asset… Continue reading Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback→

Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head

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On-chain data shows Bitcoin is approaching the “Realized Price” of the short-term holders, a retest of which has historically been important for BTC. Bitcoin Is Close To Seeing A Retest Of Short-Term Holder Cost Basis In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how BTC has recently been near… Continue reading Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head→

Bitcoin Mining Cost At $86,700: Price To Surpass This Soon?

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Data suggests the average cost of mining Bitcoin is standing around $86,700 right now. Here’s what history suggests could happen next for BTC. Bitcoin Average Mining Cost Is Currently Notably Higher Than The Price In a new miners compete against each other using computing power to get to hash the next block on the chain.… Continue reading Bitcoin Mining Cost At $86,700: Price To Surpass This Soon?→

Bitcoin Price Faces Crucial Test: Here’s What At Stake This Week

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As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term trajectory. Renowned crypto analyst Ted (@tedtalksmacro) has provided an in-depth analysis, highlighting the critical factors at play. Weekly Bitcoin Preview Ted’s analysis begins by contextualizing the broader macroeconomic environment. Last week’s US Consumer Price… Continue reading Bitcoin Price Faces Crucial Test: Here’s What At Stake This Week→