BTC Financial News

11.05 / 12:39

Blockchain BTC Digital Bitcoin Assets favoring long BTC still far outweigh short BTC products, but problem is…

The cryptocurrency market has witnessed a massive sell-off this week. Over $3.15 billion in the value passed in or out of exchanges, with a net bias towards inflows, which accounted for $1.60 billion (50.8%). In fact, this recorded the largest aggregate exchange-related volume peak since October last year.

11.05 / 08:47

ETH BTC XRP BNB recovery Bitcoin and Ethereum Struggle, LUNA Down 84% while Altcoins Show Signs of Recovery

Bitcoin price started an upside correction above the USD 31,000 level. BTC even climbed above USD 32,000 but struggled near USD 32,500. It is currently (04:03 UTC) trading near USD 31,300 and is up 2% in a day and down 17% in a week.

10.05 / 20:35

Ethereum BTC CoinMarketCap Bitcoin Bitcoin: Could ‘Shrimps’ beat ‘Whales’ to invalidate bearish stance

The overall cryptocurrency market cap shed more than 6% and stood at $1.4T in value as per CoinMarketCap. Bitcoin, Ethereum, and other alternative coins suffered the same fate as the bloodshed continued to intensify. Bitcoin, the largest crypto, fell by more than 6% as it traded around the $31k mark, at press time.

10.05 / 20:21

BTC Mining Bitcoin Bitcoin Miners About to Be Hit With Record Difficulty as Profitability Drops

Work is about to become harder for Bitcoin (BTC) miners, as mining difficulty is set for another all-time high (ATH) in a matter of hours, which will be the second one in a row, once again cutting into the already decreasing profit margins of miners.

10.05 / 15:43

ETH BTC XRP BNB Ethereum Outperforms Bitcoin, LUNA Struggles, MKR Rallies

Bitcoin price declined heavily and tested the USD 30,000 support. BTC is currently (11:48 UTC) correcting losses near USD 31,700, but the bears are active near the USD 32,000 zone. A close above USD 32,000 and USD 32,500 might start a stronger increase. BTC is down almost 4% in a day and 18% in a week.

10.05 / 14:21

BTC Lowe's Bitcoin Bitcoin reversal or further downside? The answer is thought-provoking

Bitcoin’s price trajectory has taken a full-blown hit. Recently, Bitcoin broke down from its support of $33,610 which was a multi-month higher low dating back to mid-2021. Thus, leaving a sense of unrest among investors and HODLers.

10.05 / 07:07

ETH BTC Stablecoin BNB Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg

Bitcoin price remains in a strong downtrend below the USD 35,000 support level. BTC even dropped below USD 30,000 before recovering. It is currently (04:44 UTC) correcting losses and trading near USD 30,800, but upsides might be limited above USD 32,500. BTC is down almost 9% in a day and 20% in a week.

10.05 / 05:29

UPS BTC Target Bitcoin Bitcoin: How BTC’s recent crash has aggravated its chances of touching $20k

Bitcoin price has continued its descent after breaching an extremely bearish continuation pattern. The recent sell-off seems to be happening after the FOMC meeting and suggests that is mainly driven by long-term holders that purchased BTC in 2021 and 2022.

09.05 / 22:41

BTC Extreme Action Bitcoin week Bitcoin’s defining week: Will it side with the bulls or usher in more downside

Bitcoin’s price action has been quite a roller coaster especially in the last week or so, during which it turned heavily bearish. However, it is currently in a critical position that might determine whether it will continue tanking or register a recovery rally in the next few days.

09.05 / 20:21

Ethereum BTC Racing Bitcoin Miners are migrating from Bitcoin to Ethereum to mine because…

Bitcoin and Ethereum miners, both have made a significant chuck in revenues over the years as demand skyrocketed. However, 2022 might come as a surprise especially for the largest cryptocurrency. January proved to be a tough month for Bitcoin miners. Miners generated approximately $1.2 billion in revenue during the first month of 2022.

09.05 / 15:19

ETH BTC XRP BNB Bitcoin Drops Below USD 33K, Ethereum Slides More, Altcoins Tumble

Bitcoin price extended its decline below the USD 35,000 support and dropped below USD 33,000. It is currently (11:45 UTC) trading near USD 32,900 and is down over 5% in a day and almost 15% in a week.

09.05 / 10:27

Ethereum ETH BTC Binance Bitcoin New data regarding stablecoin activity says this about the market sentiment

The crypto market is facing a testing start to May. With the Feds announcement, the market has faced two major dips already with the latest being a 3.7% dip. Amidst this, there has been yet another statistic has come out that can cause a bit of worry and raise a lot of eyebrows.

09.05 / 07:31

ETH BTC XRP BNB Bitcoin Below USD 34K, Ethereum Keeps Trending Lower, XMR, AXS, and NEAR Rally

Bitcoin price remained in a bearish zone below the USD 38,000 level and extended losses below the USD 35,500 support. It is currently (04:04 UTC) showing bearish signs near USD 33,637 after recovering from USD 33,400. BTC is down almost 3% in a day and 12% in a week.

08.05 / 20:39

BTC Lowe's Gap Bitcoin Bitcoin: Mapping out the odds of a BTC rally in the short-term

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

08.05 / 16:47

Provident BTC Action Bitcoin Bitcoin: Short term price action looks bleak but here’s what to look out for

The broader crypto market has seen better days. Bitcoin took a hit and fell by 3.7% in the same duration with liquidations rising to $120 million. What do these conditions entail for Bitcoin after the recent market volatility?

07.05 / 23:33

BTC Lowe's Bitcoin Luna Why investors shouldn’t expect LUNA-calypse amid macro-economic turbulences

LUNA, the native cryptocurrency of the Terra network, fell by 9% over the last day. It is suggested that LUNA is still reeling from the crypto crash earlier in May. The price charts are also indicating a turbulent month ahead with worrying data further letting down investors.

07.05 / 23:33

UPS BTC Bitcoin Bitcoin: As HODLers continue to prop up BTC, how long can it manage to stay afloat

The last month has been a relatively difficult time for Bitcoin (BTC) given its poor performance with each passing week. The king coin has been witnessing a weak price action and doesn’t indicate any chances of recovery anytime soon.

07.05 / 21:37

UPS BTC Bitcoin Luna week Tron: Stablecoin USDD went live this week, here’s how TRX reacted

TerraUSD’s (UST) growth over the last couple of weeks has brought a shift of sorts in the stablecoin world, with people now realizing the importance of decentralized stablecoins.

07.05 / 17:25

UPS BTC Lowe's Bitcoin The Bitcoin conundrum: Metrics depict conflicting views for BTC

Bitcoin crashed to a weary low of $35,000 yesterday before stabilizing and moving sideways. It is a worrying time to be Bitcoin HODLers but, 2022 has been a turbulent year for them. Beginning with tightening fiscal policies, and then subdued by geopolitical headwinds, the worries are evident. But is there any hopeful news around the block?

07.05 / 11:51

UPS BTC FIVE Bitcoin fall Bitcoin: Here’s how BTC HODLers are adjusting as prices fall to $35k range

At press time, Bitcoin (BTC) was trading in the red zone at $35,805, over 10% lower in the last 24-48 hours as per data from CoinGecko. The token has been experiencing a hard time since this is the fifth week that BTC has been trading in the negative.

06.05 / 21:19

Ethereum BTC Platform Bitcoin Bitcoin Futures in whirlwind, could it defy bearish odds in near-term

Bitcoin, Ethereum, and other major cryptocurrencies crashed, wiping around $100 billion from the combined crypto market. At press time, the global cryptocurrency market cap dropped by more than 7% to $1.6 trillion.

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