Recent research highlighted that Bitcoin speculators incurred over $100 million in losses within six weeks due to panic selling. Data from CryptoQuant indicated that short-term holders, particularly those who bought Bitcoin between one to three months ago, faced significant losses as they sold off their assets at lower prices. This selling pressure, driven by fear ...
Bitcoin recently bounced back from a low of $76,606 but struggled to stay above $84,500. Analysts suggest that Bitcoin is undergoing a macro correction in a bull Market, with potential support levels around $71,000-$72,000. Short-term holders who bought near January’s peak are contributing to the recent sell-off. Meanwhile, the U.S. Dollar Index has dropped, which ...
Bitcoin experienced a bounce from $76,606 on March 11, but couldn’t hold above $84,500 on March 12, leading analysts to suggest it’s in a macro correction, with critical support expected between $71,000 and $72,000. Recent sell-offs have mainly come from short-term holders. Meanwhile, the US Dollar Index has dropped, which typically favors Bitcoin. In price ...
Bitcoin recently dropped to $76,700, marking a four-month low due to a decline in the S&P 500 and heightened worries about the global economy. Despite this 30% fall from its all-time high, analysts believe the Market may stabilize. Unlike the previous bear Market, which saw Bitcoin plummet significantly in a short time, the current situation ...
Bitcoin’s price is currently on a downward trend, recently hitting $79,766, which is nearly 27% lower than its all-time high of $109,000 in January. It has dropped 14.6% over the past week alone. Analyst Ibrahim has pointed out that a gap formed in Bitcoin’s price on the CME could offer insights into its next moves, ...
MicroStrategy Inc shares, trading under the ticker MSTR, saw a significant drop of 12.6% amid a general decline in the stock Market, with the S&P 500 down 2% and the Nasdaq down 3.5%. The company announced plans to raise up to $21 billion through perpetual strike preferred stock to further invest in Bitcoin, which has ...
Tony Severino, a well-known crypto analyst, has issued a bearish prediction for Bitcoin, suggesting the cryptocurrency may soon face a significant price drop. He identifies a Head and Shoulders pattern on Bitcoin’s price chart, signaling a potential decline to around $83,600. This pattern typically indicates a shift from bullish to bearish trends. Despite the anticipated ...
Bitcoin exchange-traded funds experienced substantial outflows of nearly $370 million on March 7, following former President Trump’s announcement of a US strategic Bitcoin reserve. The news failed to meet investor expectations, especially since it did not include direct government purchases of Bitcoin. This disappointed many traders, resulting in a drop of over 2% in Bitcoin’s ...
Bitcoin has faced challenges staying above $90,000 since dropping below $95,000 on February 24, experiencing significant price fluctuations recently. Its realized volatility hit its highest level since Q3 2024. Analysts are closely watching the US dollar’s decline, with some suggesting it could lead to new Bitcoin highs. James Coutts, a crypto analyst, highlighted that when ...
Swan Bitcoin CEO Cory Klippsten believes there is a good chance Bitcoin could reach its all-time high of $109,000 by June. However, he notes that the Market needs time to cope with the current uncertainties, including US tariffs and inflation concerns. As of now, Bitcoin is trading around $88,210, down almost 5% in recent days. ...
