Investors prepare for a bumpy journey with Bitcoin, the leading digital currency, as it sails through rough seas. Notably, information from Glassnode indicates that the Balance between Bitcoin’s Realized Profits and Losses has dropped below par. The ratio of Bitcoin’s current selling price to the price at which it was purchased is showing that investors … Read more
In four days, the highly anticipated fourth Bitcoin halving is set to occur around April 20, 2024. The Bitcoin market has recently experienced significant downward pressure from sellers. During an interview with Bloomberg, Kris Marszalek, CEO of Crypto.com, indicated that this selling pressure could persist up until the halving takes place. On Mondays trading session, … Read more
David Lawant, the Research Head at FalconX – a company providing trading, financing, and custody services for major financial institutions in the digital asset sector – recently shared his insights on X (previously known as Twitter), discussing how Bitcoin halvings may impact market trends. Contrary to popular belief that halvings cause substantial price changes, Lawant’s … Read more
Dogecoin has a tough time advancing past the $0.180 barrier against the US Dollar, causing it to falter. In order for Dogecoin to begin climbing again, it is crucial that its price stays above the $0.1450 support level. DOGE started a fresh decline below the $0.1750 zone against the US dollar. The price is trading … Read more
Prominent cryptocurrency analyst Crypto Rover has issued a warning, causing unease in the Bitcoin market. He predicts a possible liquidation event, which may lead to losses for those holding short positions. According to Rover’s analysis, Bitcoin is currently in a period of consolidation. If Bitcoin’s price were to rebound and reach a certain level, around … Read more
The price of Ethereum may encounter several obstacles around the $3,200 mark. If Ethereum fails to surpass $3,200 and $3,280, it might lead to a bearish trend. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a … Read more
The price of Bitcoin dipped once again, this time starting at around $67,000. The cryptocurrency is exhibiting bearish trends and could potentially drop down to the $61,000 mark as its support level. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was … Read more
Despite Bitcoin‘s prices being under selling pressure, according to Willy Woo, an on-chain analyst, the digital currency is predicted to hit new peaks due to the introduction of new Bitcoin ETFs. On his X platform, Woo stated that Bitcoin could reach a price of up to $91,000 in a bear market bottom and as much … Read more
Based on information from the cryptocurrency analysis tool Lookonchian, a Bitcoin wallet that has been inactive since April 2010 moved 50 Bitcoins, which is equal to approximately $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives According to Lookonchian’s report, a total of 50 Bitcoin were mined around 14 years ago when each block … Read more
According to on-chain analysis, Bitcoin‘s large investors, or “whales,” have exhibited distinct patterns in their exchange transactions compared to the previous market cycle. This could be due to several reasons. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time According to an analysis by a crypto expert in a recent CryptoQuant article, the … Read more