Bitcoin falls to $55K as crypto liquidations breach $580M
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Go to Source
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German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows
The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining … Read more
Bitcoin traders express optimism even as BTC price targets shift lower
Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower. Go to Source
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily mining revenue per petahash of … Read more
Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop
Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the … Read more
Bitcoin Market Poised For Major Move As Volatility Measures Tighten
The Bitcoin market is currently in an intriguing position, with the average coin still showing a 2x gain, despite most short-term holders being underwater. Several volatility measures are also showing significant compression, indicating that a larger move could be imminent. The #Bitcoin market is in an interesting spot, with the average coin still up 2x, … Read more
Bitcoin falls below $58K on Coinbase, first time in 2 months
The price of Bitcoin briefly dropped to $57,874 amid a wider sell-off in the crypto market, while $54.9 million in Bitcoin long positions have been liquidated in the last 24 hours. Go to Source
Bitcoin trades in ‘enthusiastic’ phase as data hints at upcoming range expansion
Bitcoin’s volatility is compressing, which is a sign that a sharp range expansion is brewing. Go to Source
Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights
Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the $60,000 range, Glassnode noted a palpable fear … Read more
Bitcoin Technical Analysis: BTC Slips Below $60K Closing CME Gap
Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the … Read more