Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market…
Tag: BTCUSDT
Bitcoin Holds Strong In ‘Wall Of Worry’, Path To $183,000 Remains Open – Analyst
The Bitcoin (BTC) market registered an impressive 4% price bounce on Friday, following dovish policy comments by US Federal Reserve Chairman Jerome Powell. The premier cryptocurrency now trades above $116,000, nullifying earlier losses seen in the past week. Interestingly, prominent market analyst Tony “The Bull” Severino has outlined the implications of this price rebound regarding…
This 7-Year-Old Bitcoin Whale Just Sold $76M In BTC To Buy This Altcoin
On-chain analytics platform Lookonchain has drawn attention to a 7-year-old Bitcoin whale who is betting big on Ethereum. This comes amid a crypto market pullback, which has seen ETH and BTC record significant losses. Bitcoin Whale Sells $76 Million To Buy Ethereum In an X post, Lookonchain revealed that a Bitcoin OG, which is holding…
Bitcoin Whales Strike Again: Strategic Selling on Binance Puts $110K in Sight
Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in…
Bitcoin Fear Is Back: Traders Flip As Price Plunges To $113,000
Data shows the Bitcoin Fear & Greed Index has seen a bearish flip following the plunge in the cryptocurrency’s price to $113,000. Bitcoin Has Continued Its Recent Drawdown Since setting a new all-time high (ATH) above $124,000 one week ago, Bitcoin has been facing a downtrend. The bearish momentum has only furthered during the past…
Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000
Bitcoin has entered a precarious situation after falling below $114,000, and sellers continue to mount pressure on it. This comes after a rise to new all-time highs, and sticking to previous trends, Bitcoin looks to be testing previous support levels before continuing on its journey. However, as the price continues to struggle, crypto analyst Xanrox has predicted…
Economist Who Predicted Bitcoin Would Go To $100 Before $100,000 Returns
Harvard economist Kenneth Rogoff, who declared in 2018 that Bitcoin was more likely to crash to $100 than rally to $100,000, has returned. He indirectly admitted he was wrong and outlined reasons why his prediction fell through. Harvard Economist Breaks Silence On Missed Bitcoin Prediction In an X post, Rogoff identified himself as the Harvard…
Analyst Predicts Bitcoin Crash Below $100,000, Here’s When
After hitting a new all-time high above $24,000, Bitcoin has been unable to hold up the momentum and has spiraled back down again. In light of this, crypto analyst Doctor Profit has predicted that the Bitcoin price is actually going to fall below $100,000. If this prediction is accurate, then it means that this is…
Bitcoin, XRP, ETH’s Pullback: Key Factors Behind The Recent Drop
The cryptocurrency market is experiencing significant price declines, particularly among the three largest digital assets: Bitcoin (BTC), Ethereum (ETH), and XRP. Following record-breaking rallies in the previous week, these cryptocurrencies have seen notable losses, with Ethereum down 5.2%, XRP dropping 3.8%, and Solana (SOL) slipping 6%. Even memecoin Dogecoin (DOGE) has not been spared, losing…
Bitcoin Falls Below $115,000 As Binance Buying Power Ratio Collapses
Earlier today, Bitcoin (BTC) slipped below $115,000 for the first time since August 6, raising concerns that the cryptocurrency’s bullish momentum may be fading. Against this backdrop, the Binance Buying Power Ratio suggests that demand for BTC could be weakening, potentially setting the stage for a deeper price correction. Binance Buying Power Ratio Raises Alarms…