Bitcoin Price Drops To The Floor
Bitcoin price teetered on the edge of moving average support near $250 before finally rolling over the edge during the cross-over US/Asia-Pacific hours. Exchange charts show that price had sold off to their support floors near $220 and 1400 CNY before stabilizing near $230 and 1500 CNY. Bitfinex saw the January 2015 low of $160 on a downward spike. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 05h11 UTC. Bitstamp 1-Day Chart. From the....
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The crypto markets has plunged by 14% over the past 24 hours, including the double whammy of Ethereum’s loss of 18% and Bitcon’s dip by 16% while NFT sales are also suffering from the crypto market crash but primarily because of ETH prices plummeting. On a lighter note, NFT trading volume has incremented over the 24 hours by 54%, which is an excellent opportunity for collectors to hoard prized NFT collections. The prices of high-end and popular nonfungible token collections like Bored Ape Yacht Club have also plunged; its lowest NFT floor price dropped by as much as 16%, or $107,000. The....
During the last year, the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection has become one of the most popular NFT projects. After weeks of a continuous rise in value, the current floor price for a single Bored Ape NFT is 130 ether or $382K. Following the floor price rise, the decentralized derivatives exchange Injective Pro has revealed an NFT floor price perpetual market. Injective Pro Lists NFT Floor Price Perpetuals On Thursday, Injective Pro, the decentralized derivatives exchange built on Injective network, announced the launch of a NFT floor price perpetual market. The....
The floor price of the Bored Ape Yacht Club has fallen 50% from the beginning of this month as prices and sales volume of NFTs suffer across the board. Prices throughout the nonfungible token (NFT) market have suffered amid the broader market downturn, with the floor price of the Bored Ape Yacht Club (BAYC) collection dropping more than 50% since the beginning of this month. BAYC’s floor price dipped to $198,000 on Wednesday, signaling a 52% drawdown in dollar-denominated valuation from May 1, where the cheapest available Bored Ape cost $420,000. The lackluster market conditions also took....
The illiquid supply floor demands the preservation of levels not far below $40,000 as supply drops and demand surges across the board. Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics.In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC.Bitcoin’s price floor rises and risesWith exchange reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all but guaranteeing BTC price upside.As Cointelegraph reported,....
Last Week’s Review. Last Week we concluded with the following: Bitcoin is in no man’s land sitting here at US$270, the advice to those that dare take it is to do nothing while it finds a direction and just watch as it tries to navigate the US$255 – US285 range. Two scenarios in order of higher probabilities: Bearish: The odds are slightly leaning to more pain in the near future. This could be starting tomorrow as the price drops under our US$255 floor or perhaps even a month from now but there is definitely no indication that we have hit the bottom. Once prices drop under the US$250-255....