Bitcoin Price Plummets To Lowest Point In 2022, Will $33,000 Hold?
Bitcoin price had a treacherous weekend, capping off what has been nearly a 20% loss since the Fed meeting last week. The selloff has now taken the top cryptocurrency by market cap to the lowest point all year, setting a significant lower low for the first time in 2022. With BTCUSD at $33,000 per coin, will higher timeframe monthly support hold? Bitcoin Price Sets 2022 Lower Low: Where Is The Bottom? Bitcoin price is down 32% from April 2022 highs, and has shed 50% from its 2021 peak. The last year plus has been a rollercoaster of a ride for crypto investors, setting not one, but two....
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Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of a recession occurring in 2025. Related Reading: Ethereum Must Hold This Key Level To....
The Crypto Fear and Greed Index, a metric that’s known to measure current market sentiment, fell to its lowest point of 2021. The index, which has continued to fall alongside Bitcoin prices, hit “extreme fear” levels, which have not been observed since April 2020 during the global financial market crash. The metric has continued to […]
Over the past few years, Bitcoin has often been compared to gold, as both forms of wealth allegedly rely on scarcity to make them inherently valuable. Additionally, both Bitcoin and gold are generated through a process called “mining”, albeit both currencies take a different approach to completing this process. Now that the gold price keeps plummeting, that comparison to Bitcoin seems no longer valid, as the digital currency has been relatively stable all year. Even though the price per ounce of gold is still well above US$1,000, there seems to be less and less interest from investors to....
An Arcane Research report has revealed that Bitcoin daily trading volume has dipped to the lowest point of 2021. Bitcoin Activity Seems To Be Slowing Down As BTC’s price continues to stagnate, the daily trading volume on the leading spot exchanges has dropped to the lowest it has ever been in the year 2021. Here […]
Ethereum (ETH) has officially lost the $2,000 mark, trading below this key level for the first time since 2023 and reaching its lowest point since October 2023. The price plummeted as low as $1,750, marking a dramatic drop from its December 2024 high of $4,100. This staggering 57% decline has created a difficult environment for […]