The crypto market has experienced a massive downtrend in the past few days. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a slight recovery after falling below the $26K mark. However, the trading price of BTC is still around the $26,000 mark, showing strong bearish momentum. Before the recent dump,
The act of Tesla CEO Elon Musk’s SpaceX selling its giant Bitcoin (BTC) lump — worth $373M — turned about to be a striking Bitcoin FUD of the day. Amid this, distressing traders and investors, Bitcoin (BTC) dropped to its 2-month low, reaching below the $26,500 level. Notably, according to
Stocks in the United States unexpectedly fell at the market close, with the technology-focused Nasdaq Composite leading the decline. The release of the Fed’s July meeting minutes affected market sentiment because they highlighted a rising worry among top officials about “upside inflation risks.” Fear of further interest rate rise dampened investor optimism on
The popular analytics firm Santiment shared that the trading price of the world’s largest cryptocurrency, Bitcoin (BTC), has remained in a tight range of between $28K and $29K over the past few weeks. Yet, even with this bearish momentum, Bitcoin has outperformed the equities market S&P 500. The trading price
The sudden surge from multi-month lows in the $25,000 range to fresh annual highs above $32,000 in BTC prices was sparked by the influx of new spot Bitcoin ETF applications from respectable financial institutions in June. However, according to statistics provided by The Block, Bitcoin’s annualized 30-day price volatility is
Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to
Bitcoin, the dominant cryptocurrency by market capitalization, recently surged to $30,144 just a few hours ago, sparking excitement within the community after two weeks of anticipation. However, this surge was short-lived as the price swiftly plummeted to $29,940 within half an hour. Notably, this was followed by Novogratz, a cryptocurrency
In the cryptocurrency realm, a significant trend emerges as more investors embrace a patient approach. A substantial portion of Bitcoin, about 68.54% of the total supply, has remained dormant for at least a year, reflecting a preference for a long-term investment strategy. Data from Glassnode, a blockchain analytics firm, reveals
Glassnode, a blockchain analytics company, reports that the number of Bitcoins held by long-term holders has hit a new high of 14.599 million. A total of 43,949 Bitcoin, or almost $1.274 billion has been added to these wallets during the last week. Addresses that have held Bitcoins for 155 days
While Bitcoin (BTC) trading below $30K range, experts are pointing to bullish indicators that hint at the possibility of Bitcoin reaching an all-time high in the near future. Blockstream, a leading blockchain technology service provider, CEO Adam Back, one of crypto pioneers recently engaged in a million-dollar wager regarding Bitcoin’s
