Bitcoin price drop below traders’ cost basis warns of deeper sell-off
Bitcoin price fell below traders’ average entry point, leading analysts to caution that the current sell-off could continue. Go to Source
Bitcoin Price
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Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox creditors begin receiving their crypto payouts next month. Bitcoin Back in ‘Official Bear Market Territory’ Economist and gold bug Peter Schiff, known for his skepticism towards … Read more
Bitcoin price sees oversold bounce to $62K but will it hold?
Bitcoin price snaps back above $62,000, but technical traders are unsure whether the BTC downtrend is over. Go to Source
German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken
The added selling pressure from the German government could tank Bitcoin price below the key $60,000 mark. Go to Source
Bitcoin ETFs shed $1.3B over 2 weeks amid market slump
Bitcoin ETFs have seen outflows of $1.3 Bitcoin in the last two weeks of trading, but analysts expect markets to rally higher in the coming months. Go to Source
Mt. Gox repayments won’t be as bad for Bitcoin as you think: Analysts
The nearly $9 billion in Mt. Gox creditor repayments starting July may not kick down the price of Bitcoin, but they could spell trouble for Bitcoin Cash. Go to Source
Bitcoin analysts forecast BTC price drop to $50K before parabolic run begins
A handful of Bitcoin analysts now believe BTC price is headed below $50,000. Cointelegraph explores why. Go to Source
Crypto investment products see $584M outflow as Bitcoin descends to $60K
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products. Go to Source
4-week correction for Bitcoin? Mt. Gox, Germany gov’t add sell-pressure
Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany’s government selling its 50,000 BTC. Go to Source
Why are traders shorting Michael Saylor’s MicroStrategy?
Short sellers are targeting MicroStrategy stock, but what is the reasoning behind it? Go to Source