Clem Chambers, CEO of stocks and investment website ADVFN, believes “Bitcoin is on the ledge of another heavy fall,” but is simply following its historical pattern.
At the time of this writing, Bitcoin is down 2.15 percent over the last 24 hours.
Every other altcoin in the top 10 (excluding Tether) is down between 4.51 percent and 7.52 percent.
ADVFN CEO Clem Chambers believes, however, that the relationship is not one-sided, and that mining rewards for altcoins actually serve to indicate potential price movement for the market leader.
The post ‘Bitcoin is on the Ledge of Another Heavy Fall,’ Says ADVFN CEO appeared first on Bitcoinist.com.
Bitcoin price has pulled back over the past three days as the recent rally paused ahead of next week’s election. Bitcoin (BTC) retreated to $68,762, down 6.60% from its highest level this year. This decline has also triggered further sell-offs…
Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen ahead of prior halving in May 2020.
Bitcoin is in focus today after Robert Mitchnick of BlackRock Inc said returns coupled with the world’s largest cryptocurrency “will come down” moving forward. Is Mitchnick dovish on Bitcoin now? But that doesn’t mean he’s dovish on BTC at all.
Bitcoin crashed down to $25,000 last week, but swiftly rebounded in a huge pump following this false breakdown. At first, it appeared Bitcoin was continuing its downtrend as it broke down below the head and shoulders pattern.
Bitcoin is trading below $17k once again after losing roughly 2% of its value today. Bitcoin mining difficulty is down 7. 2%, the biggest drop in more than a year. The total crypto market cap is also down by nearly 2% in the last 24 hours.
We have seen the bitcoin market move sideways for the last few weeks. The good news is that as Bitcoin and Ethereum prices establish support and continue to trade above it, the bearish momentum is slowing down.
Bitcoin (BTC) has broken down from its corrective pattern and is at risk of breaking down from a horizontal support area. If this were to occur, it would likely take the price below its June lows.
El Salvador's president Nayib Bukele announced on 1 July that his country added 80 Bitcoin [BTC] to its balance sheet. He also noted that the purchase was made at $19,000 per BTC, a price level that hThe post Is Bitcoin really cheap at $19,000? Assessing if it could go further down appeared first on AMBCrypto.
Data shows the Bitcoin spot trading volume has once again come back down to normal values for 2022 after the big surge recently. Bitcoin Trading Volume Falls Back Down To Values Around $4 Billion As per the latest weekly report from Arcane Research, the Bitcoin trading volume has plummeted back down after the recent high values.
Hearing more negative speculation would be unpleasant for the investors as the recent bloodbath’s catastrophic effects already slowed down crypto markets. But unfortunately, an expert predicted Bitcoin would go far below.
Bitcoin and the rest of the crypto markets are continuing to struggle, with the bitcoin price trading down from the weekly high of $44,274 on Wednesday last week, down below the psychological $40,000 level at $36,629, as per data from Goingecko.
Bitcoin is back to about $38,000 after dipping to $36,400 yesterday as Nasdaq ended up down 3.74% in one of the worst day for stocks in months. After trading hours...
Currently sitting at nearly 35k, Bitcoin’s price this week has been affected good and bad, by both news from China cracking down on the coin, and that El Salvador is giving each of it’s citizens $30 of BTC.
After plummeting from $46k to $43k on Sunday, Bitcoin managed to hold onto the critical support level of $46,000. Breaking Down Bitcoin’s Price Action Down 20% from its all-time high reached earlier this month, Bitcoin finds itself in correction territory – a sharp change from the almost uninterrupted year-long bull run.
This week, the price of Bitcoin has been on a rollercoaster ride. We started with a dump right after hitting a new all-time high last Sunday at about $58,350. Following the drop, we made several attempts to go back up but only to end up lower and yesterday, we went down further down to $44k.
Bitcoin miners are selling a lot less than at the beginning of the year, with it down to under 1,000 bitcoin on some days and usually around 1,300 bitcoin a...
Bitcoin has seen some brutal price action throughout the morning, with overleveraged long positions being shaken out with a brief dip down to $15,700, while those panic shorting were then liquidated by a sharp rebound.
Even though Bitcoin (BTC) has been moving upwards since Sept. 8, it has shown considerable weakness indicating that it is likely beginning a final wave down that could end at $9,700. After the losses seen during the week of Aug 31-Sept 7, the Bitcoin price consolidated last week.
It was last weekend that the price of bitcoin surpassed $12,000 for the first time in a year, only to come crashing back down to $10,500 minutes after. A week after that and we haven’t achieved that level yet.
It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down.
Digital currency markets are down on Sunday evening roughly 2. 14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours.
The boxing world saw Tyson Fury regain his world heavyweight title from Deontay Wilder last night, in a convincing win for the Brit. But how did bitcoin and other cryptos perform this week? Bitcoin Price: Down, Up, Down, Up This week started badly for bitcoin prices.
Bitcoin's market reflected signs of recovery in the past week, after being worn down most of December. Although the BTC market cap was still down week-over-week, its estimated hash rate grew by over 1The post Bitcoin's supply increases by over 30% in a month on Bitfinex appeared first on AMBCrypto.
It is almost precisely two years ago that the bitcoin bear market began with the currency still down some 70% since. That’s better than eth, which is down 90%, and...
The post Has Bitcoin Found Iron Support? appeared first on Trustnodes.
If one were to look at the unrelated rise and fall of Bitcoin vis-a-vis internal factors within the digital assets space, the relevance of stablecoins increases. Seen as a balancing tool for the volatThe post Bitcoin drop below $8,500 may be tied down to USDCoin appeared first on AMBCrypto.
Ethereum price declined heavily below $170 and traded close to $150 against the US Dollar. Bitcoin price is down more than 8% and it even traded below the key $7,500 support. Yesterday’s highlighted bearish trend line is intact with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken).
If Bitcoin Breaks Down Here, will Fell to $8,700s “Buy the rumor, sell the news” Since dropping to nearly $9,300 level yesterday, Bitcoin is back above $9,500. August has resulted in a red month. However, despite seeing $9,150 this month, Bitcoin is down by just 2.
After its latest price drop, Bitcoin went from just over $10,270 to under $9,700 USD. The short-term probability is that Bitcoin may go down even more right now. Even the dominance of Bitcoin, which was over 70%, was pushed down to 69% at the moment.
Bitcoin Cash has finally come a bit to life with the currency up some 7% yesterday while bitcoin was down 7%. That’s on somewhat increased volumes for both, with the...
The post BCH Up, Bitcoin Down, Why? appeared first on Trustnodes.
New data is laying bare the extent of altcoin losses in 2019 as Bitcoin steals lion’s share of the cryptocurrency market. Top 70 ‘Alts’ Down 19 Percent Against BTC Published by digital asset firm Bletchley, a variety of indices put some altcoin losses at over half since April this year.
At press time, bitcoin is still up for the most part, but down compared to where it has been over the past week. Currently, bitcoin’s price is just over $10,100, which is down from where it was this morning at $10,300, and it seems to be falling by $100 or so every hour.
After a strong couple of days for Bitcoin, the leading cryptocurrency seems to have slowed down. Bitcoin, which had earlier in the week soared to as high as $8,300, seems to have found support just above the $8,000, mark and settled just above the $8,100 position.
Crypto market is bleeding because of a wider selloff in tech stocks, fueled by concerns about potential trade wars and a possible economic downturn in the US. On Monday, Bitcoin (BTC) price fell by 4% to $80,000 while Ethereum (ETH)…
Nasdaq-listed Bitcoin mining firm CleanSpark has announced its upcoming inclusion in the S&P SmallCap 600 index. CleanSpark, one of the largest Bitcoin (BTC) mining companies in the world, revealed this via press release on Mar. 10. According to the news…
Nasdaq is preparing to introduce 24-hour trading on its platform by the second half of 2026, pending regulatory approval. Nasdaq appears to be adopting strategies from the crypto markets with this initiative.
WonderFi is considering partnerships that would bring derivatives trading to its platforms, Bitbuy and Coinsquare, in Canada and Australia. Vancouver-based WonderFi Technologies Inc. is exploring a new partnership to bring derivatives trading to its crypto platforms, Bitbuy and Coinsquare, in…
Argo Blockchain shares surged 16% after the company signed a non-binding term sheet for up to $40 million in senior secured convertible loans. Argo Blockchain shares surged over 15% after securing a funding deal of up to $40 million in…
H. C. Wainwright analysts have raised their price target for Coinbase to $350 following a strong fourth-quarter earnings report, citing the company’s market share gains and bullish management outlook.
Shares of U. S. crypto exchange Coinbase jumped over 8% on Thursday after the company posted stronger-than-expected Q4 earnings. Cryptocurrency exchange Coinbase saw its shares jump 8. 44% to $298.