Bitcoin Price Crash: $1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming?
Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been…
Is The Bitcoin Bull Run Over? Top Analyst Predicts What’s Next For Crypto
Crypto analyst Bob Loukas has released a new video analysis titled “No Bull.” In the video, Loukas delves into the current state of the Bitcoin market, addressing growing concerns about the possibility of a canceled bull run. Loukas begins by acknowledging the prolonged period of consolidation for the Bitcoin price. He senses that “there is…
Bitcoin Price Hope: Mt. Gox Delays Repayment Plan Until October 2025
In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors. Originally set for October 31, 2024, the new deadline for repayments has been pushed to October 31,…
Bitcoin Price Encounters Resistance: Will It Clear The Hurdles?
Bitcoin price extended losses and traded below the $60,000 zone. BTC is now attempting a recovery wave and facing hurdles near $60,800. Bitcoin is struggling to start a fresh increase above the $61,200 zone. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming…
Bitcoin Price Flashes Fractal Similar To October 2023, Here’s What Happened Last Time
Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023. This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed. Bitcoin Prices Flashes Fractal Similar To October 2023 TradingShot mentioned in a Bitcoin price currently…
SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’
The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto…
Bitcoin Investors Accumulate Almost $1 Billion In BTC As Exchange Reserves Falls Towards New Lows
Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred. In fact, about 15,917 BTC, valued at approximately $987 million, has been withdrawn from various…
Why Is Bitcoin Price Stagnating? Investment Firm CEO Answers
The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic…
Bitcoin Price Fails At MA-200, Is A Crash To $52,000 Coming?
Following its most recent failure to break the MA-200, suggesting that the uptrend may only be temporary and a larger crash could be at play. Why The Bitcoin Price Failing At MA-200 Is Bad Crypto analyst RLinda revealed in a TradingView post that the Bitcoin price had actually tried to break the M1-200 level. This…
Bitcoin Price Extends Decline: Can $60K Serve as a Lifeline?
Bitcoin price extended losses and traded below the $61,850 zone. BTC is now holding the $60,000 support, but it remains at risk. Bitcoin is struggling to start a fresh increase above $62,850 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with…