Bitcoin’s price has fallen by 5.6% over the past week, breaking below the $80,000 support level for the first time since November 2024. Despite this decline, there has been a 64% increase in Bitcoin futures trading volume, indicating heightened Market activity. However, open interest in futures contracts dropped by 19%, suggesting that many traders are ...
Bitcoin’s unexpected surge to $81,180 fizzled out after the White House confirmed that 104% tariffs on China would take effect on April 9. Following this news, Bitcoin fell below the $75,000 mark for the first time since November 2024, testing a crucial demand zone between $77,000 and $73,400 that traders hope will provide support. Analysts ...
Bitcoin’s value dropped below a significant psychological level on Monday, as a global sell-off in financial markets worsened. By mid-afternoon, Bitcoin was trading at $79,019, showing a decrease of over 2% and a total decline of around 15% for the year. Following the November election, cryptocurrency prices initially surged due to President Trump’s promise to ...
Bitcoin is currently facing scrutiny as its price remains high despite low transaction volume, according to a recent analysis. The Network Value to Transactions (NVT) Golden Cross indicates that Bitcoin’s Market cap is inflated, potentially leading to further price declines. Currently, Bitcoin is trading in the low $80,000 range, having dropped 5.5% in the past ...
Ether (ETH) has experienced a significant decline of 39% against Bitcoin (BTC) this year, reaching its lowest exchange rate in nearly five years. Currently, one ETH is valued at approximately 0.02191 BTC, reminiscent of rates seen in May 2020. This downturn is notable, as it marks the first time ETH has lagged behind BTC a ...
Bitcoin experienced a decline of 3.5% on March 28, dropping to an intraday low of $84,120 after initially starting the week positively. This price rejection occurred near a descending trendline and the upper range of an ascending channel. Currently, Bitcoin is below the 200-day exponential moving average, which may lead to further losses if it ...
Bitcoin opened the week with a 2% decline, trading just over $83,300 after hitting resistance at $84,000. This drop contributed to a broader Market decline, with major cryptocurrencies like XRP, Solana, Cardano, and Dogecoin falling up to 5%. The overall cryptocurrency Market has been cautious following recent U.S. tariffs and concerns about a possible recession. ...
Bitcoin is experiencing a decline from the $90,000 mark, falling below $82,500 and possibly continuing to drop past $78,000. The cryptocurrency has dropped below the $82,000 support level and is currently trading under $80,000 along with the 100 hourly simple moving average. A bearish trend line shows resistance around $82,200. Although there was a brief ...
Despite the recent excitement surrounding President Trump’s Crypto Summit, Bitcoin and other cryptocurrencies are experiencing significant declines. On Monday, Bitcoin fell below $79,000, while Ethereum dropped below $2,000 for the first time since November 2023. Analysts, including Fundstrat, warn that the situation could get worse, with predictions of Bitcoin potentially hitting $62,000 by the end ...
Bitcoin prices dropped over the weekend, falling to around $80,000 on March 10. This decline has been labeled as an “ugly start” to the week by analyst Arthur Hayes, who warned that Bitcoin could retest $78,000, with potential further drops to $75,000. Recent data shows significant open interest in Bitcoin options around these price levels, ...
