This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level.
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Category: capitulation
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Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1
Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin […]Powered by WPeMatico
Capitulation ongoing but markets not at the bottom yet: Glassnode
While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode.
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2022 bear market has been the worst on record — Glassnode
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.
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JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market […]Powered by WPeMatico
Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K
Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]Powered by WPeMatico
Bitcoin Bull Mike Novogratz Insists ‘Crypto Revolution Has Happened’ Despite Falling Prices, liquidation
Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin. Crypto Revolution Amid ‘Liquidation Event’ […]Powered by WPeMatico
Ark Invest CEO Reaffirms $500K BTC Price Prediction, Says Bitcoin Is in ‘Capitulation Phase’
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, still predicts that the price of bitcoin will be $500K. She says that all indicators “are all suggesting that we are in a capitulation phase, which is a really great time to buy, no matter what the asset is.” Ark Sees Bitcoin Reaching $500K Ark […]Powered by WPeMatico
Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC
On February 7, the blockchain analytics provider Tradeblock published a report about the upcoming BTC reward halving. BTC’s block reward is expected to halve on or around May 12, 2020, and Tradeblock’s report estimates that the cost to mine BTC will be over $12,500 after the halving. Also Read: The Controversial S2F Model Predicts Bitcoin […]
The post Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC appeared first on Bitcoin News.
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The Daily: Altcoin Panic, Stablecoin Takeover
There’s blood in the streets, the water and everywhere else you may care to look today as the cryptocurrency market plunges below $200 billion with a vengeance. We’ve got the reaction from across the web in today’s Bitcoin in Brief, as well as the latest developments from the realm of stablecoins, which have been an […]
The post The Daily: Altcoin Panic, Stablecoin Takeover appeared first on Bitcoin News.
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