BTC price dropped below $30,000 again today, but the recent crab market price action is also backed by compelling investor activity on-chain.
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BTC price dropped below $30,000 again today, but the recent crab market price action is also backed by compelling investor activity on-chain.
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Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.
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The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.
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One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin’s gains in the same period came out to be around 290%.
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The flagship cryptocurrency closed the previous week below its 21-week exponential moving average for the 19th time in history, triggering additional selloff risks.
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The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.
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Bitcoin addresses holding 1,000 to 10,000 BTC have resumed accumulating coins.
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Calls for a doubled-up Bitcoin price rise as the cryptocurrency paints ten green candles in a row.
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Alameda Research, headed by Sam Bankman-Fried, whose net worth lately reached over $8 billion, has upped its Bitcoin buying around its key psychological support of $30,000.
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An overnight crash in the Bitcoin spot market Wednesday brought prices down from $35,077 to $32,250.
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