Archives: Bitcoin News

Over the weekend, Bitcoin price fell below the psychological $20,000 barrier. On Saturday, it fell to a low of $17,599, until it started to recover to around $20,000 on Sunday. On Monday and Tuesday, the price fluctuated above and below the $20,000 mark several times. Risk assets have seen their prices battered as central banks […]
Published by The Street By Rob Lenihan Bitcoin supporters and detractors both resort to memes and sarcasm to defend their positions during the current price drop. When it comes to investing in cryptocurrency, mummy knows best, according to Michael Saylor. The bitcoin evangelist and billionaire CEO of MicroStrategy (MSTR) – Get MicroStrategy Incorporated Report has […]
Realized loss for Bitcoin investors hit a historic $7.3 billion over just three days last week, according to data from analytics firm Glassnode. Per the firm’s data, investors reeling from sustained sell-off pressure exited positions they had taken at much higher prices, leading to the huge realized loss. In terms of definition, Glassnode looks at […]
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price. Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely […]
MicroStrategy CEO Michael Saylor says there’s a whole list of aspects and practices that are hurting Bitcoin. Referring to these as a “parade of horribles”  Bitcoin has plummeted more than 70% since hitting an all-time high of $69k in November 2021. Over the past seven days, the cryptocurrency’s value has dropped more than 30%, with […]
Bitcoin and select altcoins attempted a relief rally, but most breakouts are being capped-off well below the 20-day moving average. The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they have projected a significant upside from the current levels. The analysts […]
The shocking Bitcoin withdrawals appeared as BTC’s extended its decline below $20,000 over the weekend. Canada’s Purpose Bitcoin ETF (BTCC) witnessed its Bitcoin (BTC) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto’s most-experienced investors. Purpose Bitcoin ETF has 51% of AUM slashed The fund’s holdings dropped […]