Bitcoin faces a bearish trend amid investor uncertainty and rumors of a bottom. BTCUSD continues to face a bearish trend as investor uncertainty deepens. Keith Alan, co-founder of Material Indicators, highlighted the negative sentiment surrounding Bitcoin’s recent performance. According to him, the weekly close for Bitcoin was terrible. There are many rumors among the crypto […]
Bitfinex suggests that the market may soon recover as significant BTC sales from Mt Gox creditors and the German government have already been factored in. Bitcoin’s Market Correction and Recovery PotentialDespite Bitcoin (BTC) reaching its lowest level since February 26 and lingering around the $57,000 mark with considerable volatility, Bitfinex analysts see positive on-chain signals […]
Bitcoin Buyers are Eyeing a Break Above the $58,510 Resistance Level Bitcoin buyers attempt to reclaim the $58,510 market level. The market has been the stage for an intense battle between buyers and sellers, with the buyers making an incredible push to reclaim the $58,510 significant level. The current market action aims to breach the […]
In a rollercoaster week for the world’s largest cryptocurrency, Bitcoin has found its footing above the $57,000 mark. This comes after a brief dip below $53,500, which spooked some investors. But now, things are looking up for Bitcoin holders. Why Did Bitcoin Drop? Two big factors caused the recent price drop. First, the German government […]
BTCUSD Sellers Lose Gear as Bulls Attempt Comeback at $53,550 Level BTCUSD bulls are attempting a comeback as sellers lose momentum at the $53,550 level. After facing rejection at this key level, sellers have lost their grip, allowing buyers to seize the opportunity to push the price back towards the $57,450 market area. This marks […]
U.S. Space Force Major Jason Lowery has proposed a groundbreaking view of Bitcoin, suggesting it could function as a strategic defense asset. Lowery, who is also a national defense fellow at MIT, emphasizes the importance of the U.S. military exploring and incorporating proof-of-work systems like Bitcoin. He believes Bitcoin’s consensus mechanism can serve as a […]
Bitcoin mining, the backbone of the world’s largest cryptocurrency network, is facing a significant challenge. As of July 5, 2024, the profitability of mining operations has taken a sharp hit due to a recent drop in Bitcoin’s price. According to F2Pool, one of the largest Bitcoin mining pools, only five mining rigs remain profitable at […]
Bitcoin, the world’s leading cryptocurrency, has taken a sharp dive. Its price fell below $58,000 for the first time since early May. This marks a significant drop of about 5% in just 24 hours. Several factors are behind this sudden price fall. One major reason is the upcoming repayment from Mt. Gox, a defunct crypto […]
BTCUSD Bulls Succumb and Sellers Regain Control Bitcoin has succumbed to selling pressure. The market has faced prevailing sell pressure around the $63,870 level, marking the end of the cryptocurrency’s recent attempt to make a higher high. Sellers have been in control since last month, following the buyers’ pullback around the $72,000 zone, which confirmed […]
