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Bitcoin Whales Ramp Up Accumulation: Holdings Hit 2-Month High
Bitcoin has approached $75,000 as on-chain data shows the whale-sized investors have pushed their supply to the highest point since mid-February. Bitcoin Whale Holdings Have Crossed 4.25 Million BTC In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Bitcoin whale supply. “Whales” typically refer to investors holding between 1,000 and 10,000 tokens of…
Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications,…
Bitcoin CVDD Data Points To Possible Bottom Amid Market Mayhem
Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February. Notably, the heavy market loss has coincided with the dominant Bitcoin treasury Strategy offloading $2.5 million in BTC to manage…
Bitcoin Bulls Crushed: Sub-$70,000 Crash Flushes $428M In Longs
Data shows bullish bets related to Bitcoin have suffered a massive amount of liquidations as the asset’s price has plunged below the $70,000 mark. Bitcoin Falls Below $70,000 For The First Time Since April Following up on the bearish tone set during the second half of May, Bitcoin has opened June with another drawdown as its price has slipped under $70,000 for the first time since April…
Bitcoin Price Extends Decline Rapidly As Key Supports Paves Way
Bitcoin price started a fresh decline below the $74,000 zone. BTC is consolidating and might struggle to stay above the $72,000 support. Bitcoin failed to stay above $75,000 and extended losses. The price is trading below $74,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $73,750 on the hourly chart of the BTC/USD pair (data feed from…
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Bitcoin Price Downtrend Gains Pace, Recovery Hopes Continue To Fade
Bitcoin price started a downside correction from the $77,800 zone. BTC is showing bearish signs and might continue lower below $75,500. Bitcoin failed to stay above $77,000 and extended losses. The price is trading below $76,800 and the 100 hourly simple moving average. There was a break below a declining channel with support at $76,250 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin Price Recovery Looks Fragile, Another Drop May Follow Soon
Bitcoin price started a downside correction from the $78,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $78,000. Bitcoin failed to stay above $77,500 and extended losses. The price is trading below $77,000 and the 100 hourly simple moving average. There was a break below a contracting triangle with support at $76,750 on the hourly chart of the BTC/USD pair (data…
Bitcoin Price Climbs Into Resistance As Bears Defend Critical Levels
Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $77,450 resistance zone. Bitcoin managed to form a base above $76,000 and started a recovery wave. The price is trading above $76,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,050 on the hourly chart of the…
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