Bitcoin Amidst Relentless Sell Off; Is It Targeting $13,000 Now?
Bitcoin has been on a continued downfall after losing close to 33% over the last seven days. In the last 24 hours, BTC lost close to 6% and was moving towards its next support level. There has been immense choppiness in the market, with BTC steadying around the support level of $23,000 and then falling right through that level again. Bitcoin again bounced off the $20,000 price level as it was trading slightly above that level at the time of writing. Fall from the current price level can push the coin towards the $17,000 support mark. Traditional financial markets also have suffered the....
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Whale clusters show three critical support levels Bitcoin must protect in order to see a larger rally in the near term. Bitcoin (BTC) whale clusters point toward three critical price levels to maintain a bullish market structure in the near term.Whale clusters form when large investors purchase Bitcoin and do not move it, making it an unspent transaction. These clusters typically indicate where crucial support levels exist and the logic is that BTC needs to maintain this level to see a prolonged rally.According to data from Whalemap, the three important support levels marked by whales are....
Bitcoin price continues decline as the crowd keeps selling. Bitfinex management, so eager to create an impression of recovery, are once again having their liquidity drained by a relentless sell-off, and this time they can’t cry “hack!” The conditions for decline had been stacking up during the past week. We have both the 4hr and 1hr charts’ MACD falling away below zero (magenta circle in the 4hr chart, above). Traders at xbt.social had been advised to wait for price to break below the support that formed at $580 (Bitstamp). Mindful of the possibility of consolidation above this level,....
Yearn.finance’s embattled YFI governance token has been caught within a relentless downturn as of late that has been induced by immense sell-side pressure, a fragmented community and declining protocol value. The culmination of these various bearish factors has led analysts to expect significantly further downside in the near-term. One trader is now noting that a […]
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that prompted the price of stablecoins in the country to rise by 11% on some exchanges.
Dollar-to-Peso Exchange Rate Plummets Due to Political Uncertainty in Argentina
The rate that citizens in Argentina use to exchange the native fiat currency, the Argentinian peso, for dollars, has....
With custom domains and apps, advertising and a social media presence, the ElectroRAT malware operation targeting crypto wallets is extensive.