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Bitcoin fails to hold $30k: Is another BTC crash coming in 2023?
20.4.2023
After a long downtrend, Bitcoin has started to perform extremely well in 2023, with several on-chain indicators reflecting strong signs of support. BTC/USD has broken the resistance of $30K, approaching 52-week high after the downtrend in the last two years. The strong crypto market performance...
Bitcoin Threatens Break of This Key Support Area – How Low Could the BTC Price Go?
20.4.2023
Bitcoin (BTC) is down sharply on Wednesday, with analysts citing a massive sell order on the world’s largest crypto exchange Binance and hotter-than-expected UK inflation data as weighing on the price action.
BTC/USD was last changing hands almost bang on the $29,000 level, nursing losses...
Bitcoin in Early Stages of New Bull Market, Widely Followed Technical Indicator Suggests
19.4.2023
Bitcoin is in the early stages of a new bull market.
That’s according to analysis of a widely followed technical indicator called the Market Value to Realized Value Ratio, or MVRV Ratio.
This ratio, which is calculated by dividing Bitcoin’s current market capitalization by its market...
Argentina Approves First LATAM BTC Futures Offering – Are Regulators Softening Bitcoin Stance?
17.4.2023
Argentina’s financial markets regulator has approved the Latin America region’s first Bitcoin (BTC) futures contract offering.
In an official notice from the Comisión Nacional de Valores (National Securities Commission or CNV), the regulator explained that it had approved the trading of futures...
Spot Bitcoin Trading Volumes Remain Weak – A Threat to the BTC Bull Market Thesis?
15.4.2023
After hitting their highest levels last month since the aftermath of the FTX cryptocurrency exchange collapse last November thanks to significant volatility and zero trading fees on BTC pairs on Binance, spot Bitcoin trading volumes have fallen significantly.
According to data pulled from...
As Bitcoin Sits Comfortably Atop $30K, On-Chain Metrics Suggest Further Upside For the BTC Price
14.4.2023
Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level.
BTC/USD was last changing hands up...
Billionaire Warren Buffett Labels Bitcoin as 'Gambling Token' with No Intrinsic Value – Here's Why
13.4.2023
Legendary US investor and long-time crypto critic Warren Buffett has once again lashed out at Bitcoin, claiming that it is a gambling token and doesn't have any intrinsic value.
During a Wednesday interview with CNBC’s Squawk Box, the Berkshire Hathaway CEO and chairman labeled Bitcoin a “gambling...
Bank of America Sees Support for Bitcoin Rally as Personal Wallet Hoarding Increases
12.4.2023
As investors are intensifying their efforts to move crypto to personal wallets, market observers interpret the latest trend as an indication of a lower ‘sell pressure’ on bitcoin (BTC), according to a recently drafted note by analysts from Bank of America (BofA). ...
Read More: Bank of America Sees...
Shorts Obliterated as Bitcoin Surges Through $30K, Here is the Next Key BTC Price Target to Watch
11.4.2023
The latest Bitcoin (BTC) price pump, which has seen the world’s largest cryptocurrency rally into the mid-$30,000s per token, has obliterated millions worth of short positions.
Indeed, in the last two days, $107 million worth of Bitcoin futures short positions have been liquidated across major...
Bitcoin crossed $30k; Read this fact before you invest in 2023
11.4.2023
Bitcoin has crossed $30K for the first time after June 2022. Many retail investors are interested in investing in Bitcoin for long-term capital gain. However, market experts have revealed the cause of the price surge, especially in BTC. 11 transactions were made with an identical size of 2000 BTC....
Bitcoin Price Prediction as BTC Price Hits Highest Level Since June 2022, Eyes $30K
10.4.2023
The Bitcoin price jumped back into the $29,000s on Monday and, according to some exchanges, hit its highest level since June 2022 in the $29,300s (some exchanges had the BTC price remaining just below its February 24 high).
Though volumes remain lower than usual for a Monday given the closure...
Craig Wright Hints at Possible Legal Battle Against Apple Over Bitcoin White Paper – What's Going On?
8.4.2023
Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the storage of Bitcoin white paper on its computers, claiming it violates copyright laws.
In response to a Twitter user who asked if Apple might be “in breach of copyright” for storing...
Here’s How Friday’s US Jobs Report Could Impact the Bitcoin (BTC) Price
7.4.2023
The US jobs market report for March is set for release on Friday and has the potential to really shake things up in the Bitcoin market.
Traders will be closely scrutinizing the non-farm payrolls figures (the net change in jobs in the economy), which is expected to moderate to 239,000 from 311,000...
Bitcoin Options Markets Reveal Investors Still Bullish, Despite Repeated BTC Price Failures to Test $30K
6.4.2023
Despite repeated failures by the Bitcoin price to test the $30,000 level in recent weeks over the course of the last three weeks, investors remain bullish, according to options market data presented by crypto analytics firm The Block.
Bitcoin has spent the last three weeks trading with $1,500...
Michael Saylor's $30M Bitcoin Acquisition Catapults His Crypto Wealth into the Billions – Here's the Latest
6.4.2023
As he continues to demonstrate a bullish approach to bitcoin (BTC), Michael Saylor, the founder and executive chairman of software company MicroStrategy, is ramping up the firm’s exposure to crypto with a recent major investment.
MicroStrategy unveiled its latest BTC purchase in a filing with...
Bitcoin Exchange Flows Turn Negative - Warning Sign BTC Price Could Be About to Vault Above $30K?
5.4.2023
Major cryptocurrency exchanges have been experiencing net negative BTC flows into their Bitcoin wallets over the last few days, according to on-chain data presented by crypto analytics firm Glassnode.
Flows into exchange wallets had been mostly positive since mid-February and the reversal could...
Investors Continue Buying Bitcoin, Latest Fund Flows Report Shows – Here’s Why BTC Could Dominate Institutional Crypto Demand
5.4.2023
One week after digital asset investment products saw their largest weekly inflow since July 2022 of $160 million, the pace of inflows has all but come to a halt, according to the latest Digital Asset Fund Flows report released on a weekly basis by CoinShares.
According to the crypto data analytics...
Bitcoin Transactions Without Internet? ZeroSync and Blockstream Make It Possible with Satellites in Space – Here's How
3.4.2023
Bitcoin infrastructure firm Blockstream has partnered with ZeroSync Association, a non-profit organization based in Switzerland, to broadcast Bitcoin zero-knowledge proofs via Blockstream’s satellite.
Courtesy of this partnership, Bitcoin nodes will be able to sync from any location on earth...
Bitcoin On Course For Best Quarter Since Early 2021, Here’s What Q2 Could Hold for the BTC Price
29.3.2023
Bitcoin, the world’s first and largest cryptocurrency by market capitalization, is about to close out its best quarter in exactly two years.
Assuming Bitcoin is able to close Friday’s session at or above current levels in the $28,200s, the cryptocurrency would have gained a massive 70% since...
Bitcoin Trading Volumes Have Collapsed – Here’s What That Means for the BTC Price?
28.3.2023
Bitcoin trading volumes have collapsed in the past few days. According to data sourced from CoinGecko, daily Bitcoin trading volumes across major exchanges fell to as low as $14.5 billion on Monday, its lowest level since the 5th of March.
That’s a huge drop after Bitcoin daily trading volumes...