Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and…
Tag: BTCUSDT
Bitcoin STH Average Cost Basis At $90,950 — Why Is It Relevant?
The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire…
Bitcoin Weekly Close Key For A Retest Of $93,000 – ‘Weekend Relief’ Coming?
This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over…
Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned?
Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Bearish Sentiment Takes Hold EgyHash notes that Binance, one…
Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner?
Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000. Bitcoin Fills CME Gap, Is It Time For Rebound? With today’s dip, BTC has now filled every CME…
Bitcoin Price Could Crash Further To $70,000 If This Happens
The Bitcoin price has experienced such severe downward pressure and volatility that many are starting toUS election rally. Popular crypto analyst and Co-founder of BitMEX Arthur Hayes has shared a bearish prediction for the Bitcoin price. Hayes projects a further breakdown in Bitcoin’s value, suggesting an imminent drop between $70,000 and $75,000. Bitcoin Price Crash…
Bitcoin Hits Its Most Oversold Level Since August 2024 – Is A Rebound Coming?
Bitcoin (BTC) has declined by more than 10% in the last two weeks, falling from approximately $98,000 to around $86,000 at the time of writing. The high selling pressure has pushed the flagship cryptocurrency to oversold levels it had not seen since August 2024. Bitcoin Is Oversold, Time To Buy? According to an X post…
Bitcoin Miners Are Hoarding Their Crypto Despite Plunge—Here’s What It Means
Bitcoin has faced a challenging market environment, with its price remaining below $88,000 and registering a 10.1% decline over the past two weeks. This significant downturn has been marked by considerable selloffs and a lack of upward momentum. However, amidst this bearish trend, a new development within the Bitcoin mining community has been highlighted by…
Bitcoin Whales Buying The Dip: $1.28 Billion Added Below $90,000
On-chain data shows the large Bitcoin holders are capitalizing on the lower prices as they have switched to accumulating again. Bitcoin Whales Are Now In Net Buying Mode According to data from the market intelligence platform Large Holders Netflow,” which keeps track of the net amount of the asset that’s entering into or exiting out…
Bitcoin’s 60-Day CDD Spikes: A Warning Sign or Buying Opportunity?
Bitcoin remains under pressure, with its price dropping below $85,000. At the time of writing, Bitcoin is valued at $84,397, representing a 2.4% decline in the past 24 hours and a significant 13.7% drop over the past week. These market conditions have sparked a range of analyses, with various on-chain indicators offering insights into current…