Bitcoin price falls to $31K as traders prepare for a ‘rocky’ road and more do...
BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks. “When it rains, it pours” is an old saying finding new relevance in the cryptocurrency markets on May 9 as traders face another day of pain and the current price decline brings Bitcoin (BTC) to its lowest level in 2022. Data from Cointelegraph Markets Pro and TradingView shows that the BTC selloff on May 9 intensified as the trading day progressed with Bitcoin hitting a daily low of $31,000 as bulls scrambled to mount what amounted to a weak defense. BTC/USDT....
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Options traders look to be preparing for further falls in bitcoin's price in the short-term, according to put-call skew data.
The latest reincarnation of the deep web marketplace, in the form of Silk Road 3.0 is started by the people behind Crypto Market. Will they be able to live up to the expectations? Silk Road is reincarnated for the fourth time. The deep web marketplace is back online after its predecessors were forcibly shut down by the law enforcement agencies resulting in the creator’s arrest and incarceration. Silk Road used to be a network of trade routes traversing through the whole of Asian continent to connect with the Mediterranean Sea. It originally got its name for being the route taken by the....
As Bitcoin makes its biggest gains in two years, the US Marshall Service prepares its final auction of bitcoins seized during the Silk Road investigation from Ross Ulbricht. Bitcoin has been consolidating since 2013, as headlines like the collapse of Mt. Gox and the Silk Road have colored people's view of the cryptocurrency. Over the past seven weeks, Bitcoin has sustained its longest run since November 2013. Recently, positive news has painted the picture, as major demand out of China drives up the price of the currency. The central bank there has cut rates multiple times. Other....
The price of bitcoin on the CoinDesk US Bitcoin Price Index (BPI) declined on 12th June to a low of $568.87 after reaching a high of $634.38. The dramatic price swing, however, was followed by a slight recovery to $582.29 at press time. The price decline began at 13:00 (UTC) before accelerating sharply at 19:00, dropping from $616 to the day's low. However, by 22:30, USD bitcoin prices rallied to $592.77 before declining again to press time levels. The decline coincided with the US Marshall Service's announcement it will beinitiating an auction of 30,000 BTC confiscated from the infamous....
Ethereum’s price is forming the last wave of the short-term downward trend. After this wave ends, the medium-term structure will begin to form. There will be a good chance for increased volatility. ETH/USD. The first wave of almost any trend is usually formed by big traders. By pouring in big capital, they provoke the mass of small traders into either selling or buying an asset. Trading volume usually falls at key levels of any trend, because the majority of traders don’t know where the price is going to go. Because of that, those that do make the first step are clearly expecting....