Bitcoin Loses Footing as Price Slips Below $62K Threshold 

Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin and Ethereum Face 2-3% Declines On Tuesday, … Read more

Bitcoin’s Rough September Price History Raises Questions for 2024

As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the … Read more

Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January

Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin … Read more

US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows

U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs Enjoy 8th Straight Day of Inflows With $202M Boost On Aug. 26, the 12 spot bitcoin ETFs … Read more

Bitcoin’s Long-Awaited Recovery: A Bullish Turnaround?

Bitcoin has finally broken free from its prolonged stagnation, and it seems Jerome Powell’s speech at Jackson Hole was the spark that ignited the rally. The cryptocurrency has burst out of its $58k-$62k range, and investors are eagerly anticipating the next move. QCP: BTC finally got the recovery that we’ve been waiting for. It seems … Read more