Bitcoin Price Fails to Reach $80K, Eyes Set on $70K
Bitcoin Price Decline Bitcoin has seen a significant drop, now trading below $80,000. It’s down more than 10% and might soon test the $70,000 support level. Attempts to break past $82,500 were unsuccessful, sparking further losses. The price is currently below the 100-hour simple moving average, situated at $80,000. The hourly BTC/USD chart indicates a […]
CZ from Binance: The Decline in Metals Shows That Any Asset Can Experience Fluctuations, Bitcoin Is ‘Still in Its Early Stages’
Binance Founder Weighs in on Recent Gold and Silver Price Drop Recently, gold and silver prices took a significant hit, prompting insights from Binance founder Zhao Changpeng regarding the future of Bitcoin. The drop was quite steep: gold fell around 15%, while silver plunged nearly 38%, leading to a staggering loss of about $15 trillion […]
Bitcoin Hits Important Support Level, Analyst Indicates Further Declines Are Possible
Bitcoin Price Trend Turns Bearish Bitcoin has slipped into bearish territory, falling below key historical lows that had sustained its rally for a number of months. As of now, the cryptocurrency is trading at $78,560, having dropped to $77,082 within the last 24 hours. This shift indicates a significant change in its technical structure, according […]
Data from Bitcoin miners shows the extent of disruptions caused by the winter storm in the US.
Impact of January Storm on Bitcoin Mining Operations Recent data sheds light on the effects of the winter storm that hit the U.S. back in January, particularly how it impacted Bitcoin mining. Publicly traded miners saw a significant decline in daily production during this period. The storm affected a large portion of the continental United […]
Bitcoin price predictions drop below $50K as BTC mirrors past bear markets
Bitcoin Struggles Ahead of Weekly Close Bitcoin’s price has barely managed to stay above $50,000 as it approaches the weekly close on Sunday, struggling to recover from a significant low not seen in ten months. Key Points Bitcoin’s price outlook continues to be bearish, with traders still reeling from the recent downturn. The CME futures […]
12-Year-Old Bitcoin Owner Sells Over $260 Million in BTC, What Does This Indicate?
Bitcoin Market Under Pressure from Major Sell-Off Recently, Bitcoin has faced another significant sell-off by long-time holders, igniting discussions about how such large transactions might impact short-term price trends. On-chain data from look on chain reveals that early Bitcoin investors, who acquired 5,000 BTC a dozen years ago, have sold off 500 BTC, valued at […]
Experts split on Bitcoin downturn predictions as prices rise from $77,000
Bitcoin Faces Bear Market Amid Price Fluctuations Bitcoin seems to have entered a bear market, with analysts suggesting that the current trend indicates a “capitulation” phase, while some observers are urging a more measured reaction. The cryptocurrency recently dropped below $80,000—a significant milestone, being the first time since April 2025. It hit a low of […]
$2.5 Billion Lost on Saturday: Experts Discuss the Reasons Behind the Bitcoin and Altcoin Drop
Market Movements and Liquidations Interestingly, this time around, the recent disruptions in the markets didn’t get linked to the Federal Reserve or tensions in the Middle East. Weekends are generally calm, particularly for large-cap stocks. However, there are exceptions, often stemming from major developments that happen when markets are closed, like Maduro’s takeover or recent […]
Bitcoin ETFs Lose $6 Billion Since October 10 Drop
Bitcoin ETF Demand Declines After Three Months of Withdrawals Interest in U.S.-listed spot Bitcoin exchange-traded funds (ETFs) has taken a downturn, as 12 funds reportedly saw $1.6 billion in net withdrawals this month. This marks three consecutive months of negative outflows, leading to an overall loss of about $6 billion during this period. It’s worth […]
Bitcoin Long-Term Holder Supply Increases Once More Despite Bear Market Conditions
Bitcoin Market Sees Dramatic Weekend Shift This past weekend was notably eventful for the Bitcoin market, which usually sees steadier price movements during such times. On Saturday, January 31st, Bitcoin, the foremost cryptocurrency, experienced a sharp drop, going from $84,350 to $75,000, dragging other crypto assets down with it. Alongside this price fluctuation, there was […]