Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter began to fade and concerns about the state of the global economy took the forefront again. Tech-related stocks were some of the hardest-hit assets on April 26 and this pullback was followed by […]

Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust

Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls’ latest advance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sheds $3,000 on U.S. stocks plunge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 Friday after volatility during the latest Wall Street trading session. […]

Market Wrap: Crypto Sell-Off Pauses as Volatility Fades; Altcoins Outperform

Bitcoin (BTC) and other cryptos stabilized on Tuesday amid lower volatility. Options traders remain uncertain as demand for puts began to outweigh demand for calls. Stocks were also mixed, while gold traded higher. Source link

Bitcoin Sell-Off Deepens as Correlation with Stocks Rise

In a Monday newsletter, FundStrat, a global advisory firm, wrote that macro uncertainty could outweigh LFG’s reserve purchases. “Following previous LFG purchases, we witnessed a rise in realized market cap as other [traders] followed LFG’s lead,” the firm wrote. “However, realized market cap has remained flat since this latest purchase, indicating marginally less appetite for […]

Bitcoin Price Drops to 2-Week Low After Sell-Off Triggers $800 Correction

Bitcoin (BTC) fell to a two-week low today as ranging price action below $10,000 gave way to fresh bearish behavior. Cryptocurrency market daily overview. Source: Coin360 BTC price drops 8% to test $9,000 Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD giving way during Thursday trading to fall through $9,500 support. After fluctuating around the […]

Here’s the Single Factor that Could Trigger a Bitcoin Selloff to $7,600

Bitcoin has entered a firm consolidation phase as it struggles to garner any notable upwards momentum It does appear that the resistance existing within the upper-$9,000 region is insurmountable, with another rejection here potentially proving to be grave There are a few factors that suggest the cryptocurrency is poised to see some notable downside in […]

These Three Factors Show Bitcoin Will See a Massive Selloff at $10,000

Bitcoin has seen some incredibly mixed price action as of late, with BTC struggling to garner any notable momentum as it approaches its heavy resistance $10,000 This resistance has proven to be insurmountable on multiple occasions throughout the past several weeks and months One analyst is now noting that BTC’s ongoing rally up towards the […]

Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-off

Bitcoin suffered a quick sell-off on Wednesday after a previously dormant address moved some of the earliest-mined coins for the first time. While bitcoin’s price has recovered a bit, downward selling pressure remains and could have an impact on stakeholders, especially in the derivatives and mining sectors. As of 20:00 UTC (4 p.m. ET), bitcoin […]

Risk of Dramatic Ether Sell-Off Grows With Longs at Record Highs

With anticipation growing for Ethereum’s long-awaited ETH 2.0 revamp, Ether long positions have gone parabolic on Bitfinex since February. But with short positions also growing, and co-founder Vitalik Buterin withdrawing last week’s confident prediction of a July launch, the bullishness has also increased the risk of a violent sell-off. Ether long positions go parabolic Long […]

Crypto Community Fears North Korean BTC Sell-Off Amid Rumors of Kim Jong Un’s Death

Following rumors that North Korea’s supreme leader Kim Jong-Un is either in declining health or dead, reports started circulating that the country’s Bitcoin (BTC) reserves will be sold. According to a March 2019 report, at the time North Korea already held about $670 million in crypto assets. Many believe this non-trivial amount of cryptocurrency to […]