Crypto Selloff Viewed By Investors ‘Opportunistically’ As BTC Seen Hitting $6...
Bitcoin’s price action over the years has resembled nothing less than a head-shaking rollercoaster ride. The cryptocurrency sector has been mostly driven by volatility, from the bull run of 2017 to the big crash of 2020 and the present market crisis. Bitcoin initiated the cryptocurrency revolution over 10 years ago, setting the stage for digital assets and […]
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The Financial Planning Standards Board (FPSB) issued a statement on crypto influencers, digital assets, and retail trading with these assets. Like many other international bodies, the FPSB seems to have anti-digital asset stands or at least one aim at limiting people’s access to this new asset class. Related Reading | Crypto Selloff Viewed By Investors ‘Opportunistically’ […]
Bitcoin has come a long way from where it was just under one year ago, with the March 12th selloff sending the cryptocurrency to lows of $3,800 – from which point it has seen exponential upside growth. One analyst is now noting that BTC’s days seeing sharp selloff events like this one are over, with its […]
Bitcoin and the aggregated crypto market are pushing higher today, with BTC breaking above $17,000 while Ethereum helps lead altcoins higher as well The benchmark cryptocurrency hasn’t seen much selling pressure at this level, despite it long being viewed as resistance It has struggled to break above this level a few times, but the selling pressure here has not catalyzed any sharp selloff Where it trends next will depend largely on whether or not it […]
On-chain shows Bitcoin miner outflows have been elevated recently, suggesting miners were involved in the recent selloff that took the price of the crypto below $42k. Bitcoin Miner Outflows Spiked Up Before The Crash Below $42k As pointed out by an analyst in a CryptoQuant post, BTC miners seem to have been one of the sellers behind the price drop to $42k. The relevant indicator here is the “miner outflow,” which measures the total amount of Bitcoin exiting wallets of all miners. When the value of this metric spikes up, it means miners are moving a large number of coins out of....
Bitcoin saw a strong overnight selloff that caused its price to erase most of the gains incurred throughout the past couple of days This selloff came about at a crucial resistance level, with the selling pressure at $13,800 proving to be significant This is a historical level, as it is where BTC rallied to before facing a strong rejection in the summer of 2019 The rejection here was grave, but the cryptocurrency still has multiple […]