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Bitcoin Technical Analysis: BTC Prices Rebound Following $53,550 Low

8.7.2024
Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by...

Whale shakes up Ether market with $103M sell-off and $70M repurchase

5.7.2024
A whale made some splash in the Ether ecosystem by selling and repurchasing Ethereum tokens. They first transferred $103 million worth of ETH and later bought some tokens for $70 million. The number of tokens transferred at that time was 33,765 and 22,713, respectively, with an average price...

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...

Bitcoin Hits New Low Since February, Options Market Stays Optimistic

4.7.2024
According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that...

Bitcoin price hits a two-month low; $50k support

4.7.2024
The downward movement of Bitcoin’s prices appears to be accelerating as a result of concerns about the use of pressure tactics in sales. This was the general observation of the non-functioning exchange, Mt. Gox, as traders maintained a distance from the token. The most sought-after...

Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness

28.6.2024
Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in...

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