Brace for BTC price volatility? Bitcoin ‘coin days destroyed’ metric jumps to 2-month highs
A large transfer of Bitcoin associated with U.S. law enforcement likely caused a spike in the on-chain metric. Go to Source Powered by WPeMatico
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Biggest Movers: XRP, MATIC Rebound on Tuesday, Following Recent Lows
Xrp rose higher in Tuesday’s session, as prices continued to move away from a long-term support point. Overall, sentiment in cryptocurrencies remained largely bearish, with the global market cap down 0.34% as of writing. Polygon was also in the green at the time of writing. XRP XRP, formerly ripple, was a notable gainer on Tuesday, … Read more
Bitcoin, Ethereum Technical Analysis: BTC, ETH Stall Ahead of Powell Testimony
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front of the Senate Banking Committee later in the day. Ethereum was also largely unchanged, as it traded close to a support point. Bitcoin Bitcoin … Read more
Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on Monday
Ethereum classic remained near a two-month low on March 6, as a cloud of uncertainty continued to hover over markets. The global crypto market cap remained bearish to start the week, and is down 0.55% at the time of writing. Litecoin also moved lower on Monday. Ethereum Classic (ETC) Ethereum classic (ETC) started the week … Read more
Bitcoin, Ethereum Technical Analysis: Volatility in BTC, ETH Remains High to Start the Week
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin Bitcoin (BTC) started the week in consolidation, … Read more
BTC price ‘in the chop zone’ — 5 things to know in Bitcoin this week
BTC price keeps traders and analysts in the dark as a week of macro triggers dawns, while Bitcoin network fundamentals plan new all-time highs. Go to Source Powered by WPeMatico
Bitcoin price faces ‘last stand’ as weekly close threatens $22K retest
Bitcoin bulls have a lot to do preserve newly-won support, but failure to do so could still see a BTC price cascade below $20,000, research warns. Go to Source Powered by WPeMatico
Biggest Movers: XRP, ADA Rebound From 2-Month Low on Saturday
Xrp rebounded from a two-month low to start the weekend, as prices moved back above a key support point. The token, which fell to its lowest point since January on Friday, rose by as much as 2% on Saturday. Cardano also recovered yesterday’s losses. XRP XRP rose higher to start the weekend, as the token … Read more
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Losses to Start the Weekend
Bitcoin consolidated recent losses on March 4, as cryptocurrency markets marginally stabilized from Friday’s sell-off. Prices plunged to a two-week low in yesterday’s session, however sentiment has somewhat shifted. Ethereum also recovered, moving back into the green to start the weekend. Bitcoin Bitcoin (BTC) consolidated Friday’s losses to start the weekend, as market volatility eased … Read more
Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on … Read more