Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower
The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty. Related Reading: Solana Slides 13% – Can It Recover Despite Analyst’s $1,000 Prediction? Exodus From The Empire: Investors Pull Billions The past weeks have been marked by a mass exodus from Bitcoin. Investors, spooked by the prolonged price slump,....
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Bitcoin, Ethereum, and other major cryptocurrencies took a beating on Tuesday evening, amid a week that had been anticipated to be tumultuous for the larger crypto and world financial markets. After a week of sustained rallies across the majority of the virtual currency market, prices are falling and the overall market value has dropped below […]
ETH price faces headwinds from bearish technicals coupled with strong Ethereum investment outflows. Ethereum's token Ether (ETH) could be entering a "bull trap" zone after rebounding back above the $1,000 mark from 18-month lows of $885. Ether price paints a "rising wedge"The first among these indicators is a "rising wedge," a classic bearish reversal setup that forms after the price trends upward inside a range defined by two ascending but converging trendlines. The wedge setup gains further confirmation if the trading volume drops alongside the rising prices.Theoretically, a rising wedge....
On-chain data shows the Bitcoin exchange reserve has taken a further beating this March, and has now reached the lowest value since August 2018. Bitcoin Exchange Reserve Loses 96k BTC Over The Past Month As per the latest weekly report from Glassnode, the BTC exchange reserve lost around 96k BTC over the course of March. […]
The crypto community has raised the alarm about an ongoing phishing scam targeting investors after scammers posing as crypto exchange Coinbase successfully drained nearly $2 million over the weekend. The scam is reportedly related to the CoinTracker security breach from 2022. Related Reading: Bitcoin Takes A Beating: Mt. Gox Distribution Spooks Investors $1.7 Million Drained […]
Ether fell to its lowest level in more than a year as altcoins took a greater beating. The second-largest cryptocurrency by market capitalization recently traded for approximately $1,450, a decline of more than 15 percent since the weekend. At the time of writing, Ethereum is trading at $1,327.40, a decrease of 26.5 percent over the previous week. Monday’s Coingecko statistics shows that ETH has lost over $200 in the last 24 hours and over $500 in the last week. Ether Market Cap Sheds $38 Billion In Three Days Throughout most of the last 30 days, the price of ether hovered around....