BTC Financial News

The first half of 2022 saw a major correction phase within the cryptocurrency market. Well, June 2022 has been one of the most devastating months in the history of crypto markets.

Bitcoin price was able to start a more robust increase above the USD 21,200 level and cleared the key USD 22,000 resistance zone. BTC is currently (11:52 UTC) trimming gains near USD 22,100 and is up more than 3% in a day and 6% in a week.

Penetration of the crypto space has decreased; venture capital firms' investment shrunk nearly 25% from a record $12.5 billion invested in the first half of last year to about $9.3 billion in the first six months of this year.

Bitcoin (BTC) kept crypto traders, investors, and enthusiasts guessing as a July 15 relief rally registered a high of $21,140. Bitcoin continues to trade in the $20,000-22,000 range. The US CPI data that pegged its quarterly inflation at 9.1%, the highest in 40 years, seems to not have affected the markets as yet. BTC and other crypto assets are following the global stock indices which have been in the green in the second half of the week. On a weekly basis, however, BTC is down by 4.7% and by more than 50% compared to a year back. Celsius Network’s bankruptcy plea dampened the spirits at the start of the week though there have been some positive developments along the way. The story of the week could well be that South Africa is all set to regulate crypto as a financial asset. We discuss this and other stories of the week below. South Africa’s crypto cue for India

Bitcoin price settled above the USD 20,500 pivot level and managed to climb above the USD 21,000 level. It is currently (04:09 UTC) trading near USD 21,300 and is almost unchanged in a day and up 2% in a week.

Bitcoin, the world’s largest cryptocurrency, despite the latest price hike, is finding it difficult to lure miners and prevent the exodus. For many operators, Bitcoin mining was an astonishingly lucrative activity, with gross margins sometimes as high as 90%.

A great deal of analysts and traders’ focus is fixated on investors. However, when the market moves, it not only affects investors, but the miners as well. June’s crash had a rather profound impact on miners, opening up buying opportunities for the market.

As Q3 of 2022 began on a good note, it may be safe to say that the Bitcoin maxi fever is also rising in the crypto community. Despite the confirmation of Celsius’ bankruptcy, there is increasing hope among the Bitcoin [BTC] maxis. While their beloved coin is swimming in shallow waters, the consensus is mooted for a sharp increase. Where does BTC go from here?

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After rising to $22,000 on 8 July, Bitcoin [BTC] bulls have another reason to rejoice. The crypto king broke the $20,000 mark against all odds on 14 July. 

Disclaimer: The text below is a press release is not part of Cryptonews.com editorial content.

Bitcoin price remained well above the USD 19,500 level. BTC started another increase above the USD 20,200 level. It is currently (04:00 UTC) trading above USD 20,500 and eyeing an upside break above USD 21,200.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Bitcoin price had started a recovery wave above the USD 20,000 resistance zone, before dropping below it. BTC even attempted a break above the USD 20,500 resistance but failed. It is currently (11:27 UTC) moving lower and might revisit USD 19,500.

After bitcoin price extended losses and traded below the USD 19,200 level yesterday, BTC remained supported near the USD 19,000 zone and managed to get back above USD 20,000. It is currently (04:17 UTC) trading near USD 20,200 and is up almost 4% in a day and still down less than 2% in a week.

The entire cryptocurrency market has been registering selling pressure while the discovery of the ‘bottom’ continues. Amid the bearish price action, more than 62,000 traders were liquidated in the last 24 hours of 13 July as per data from CoinGlass. Additionally, over $180 million was liquidated over the same period.

Michael Saylor, CEO of MicroStrategy and a supporter of Bitcoin (BTC), has reiterated his claim that BTC is the only commodity in the cryptocurrency market. In fact, he ruffled some feathers by claiming that Ether (ETH) is “clearly” a security.

Bitcoin [BTC] is trading below $20,000 once again after kicking off this week on a bearish note. As a consequence, the level of fear, uncertainty, and doubt has elevated. Investors are now on the fence with regards to whether the $19,000 support level will hold.

Bitcoin price remained below the USD 20,000 pivot level and even spiked below the USD 19,500 support zone, but the downsides were limited. It is currently (11:45 UTC) consolidating near USD 19,800 and is unchanged in a day and down 2% in a week.

Bitcoin price followed a bearish path below the USD 20,500 level and even declined below the USD 19,500 support zone before moving higher again. It is currently (04:00 UTC) consolidating near USD 19,500 and is down 2% in a day and 3% in a week.

A wise man once said, “to know your future, you must know your past.” In determining whether Bitcoin [BTC] has finally touched its bottom in the ongoing bear market, on-chain analytics platform Glassnode, in a new report, analyzed and compared the characteristics and duration of bear cycles in the past with the ongoing one.