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Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling
18.7.2024
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run?
Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months
5.7.2024
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and...
Bitcoin hashrate drawdown reaches December 2022 levels
1.7.2024
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities
Bloomberg Strategist Sees Bitcoin as Global Alternative Currency — Warns Stock Market Drawdown Could Impact BTC
2.3.2024
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, says bitcoin is “becoming an alternative currency on a global basis,” noting that “The world’s going towards intangible assets and bitcoin is the most significant in cryptos.” However,...
Wallet providers introduce BRC-20 token support despite market drawdown
21.6.2023
There are currently more than 34,000 types of BRC-20 tokens in circulation
Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March
2.4.2023
According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According...
Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
19.12.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments...
Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’
9.11.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum...
Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here
15.6.2022
On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing...
Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
11.6.2022
Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead
Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs
25.5.2022
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar. While Cryptos Are Down From...
Bitcoin hodlers targeting $100K is what's preventing 40% price drawdown, data suggests
19.4.2022
Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling
Bitcoin 'could easily see $30K' with stocks due 30% drawdown in 2022 — analyst
21.3.2022
The Fed has to take action on inflation, Mike McGlone warns, as German PPI data shows the highest inflation since records began in the 1940s
$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown
9.2.2022
ETH price may have bottomed in January following its sharpest rebound to date in a bear market
78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets
27.1.2022
The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can be said for a great number of digital currencies as the so-called crypto bear market has lasted...
Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’
16.11.2021
Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion mark to $2.77 trillion on Tuesday morning (EST). After tapping $66K on Monday, bitcoin’s price...
Bitcoin sees second-longest bull market drawdown with BTC price 'stuck' at $30K
18.7.2021
Bitcoin bull markets frequently see corrections from all-time highs, but only 2013 has beaten this year in terms of waiting times for a rebound
Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom'
3.6.2021
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.”
Data Shows $1,000 Bitcoin Price Gains Are Followed by 38% Drawdown
1.5.2020
Data shows that $1,000 intraday surges in Bitcoin price often lead to double digit corrections shortly thereafter
Grayscale: Bitcoin Gained 47% in US-China Trade War Drawdown
14.6.2019
Grayscale research has shown the extent to which bitcoin bucked the downward trend in assets during the U.S.-China trade war