October is usually a strong month for Bitcoin, but this year is breaking the pattern. So far, the price is down 1.13%, raising alarms among traders. Crypto analyst Captain Faibik warns that the recent drop isn’t just a normal pullback, it could be the start of a major correction, putting late buyers at risk of
Bitcoin is trading just below a long-term resistance level that has marked key turning points in past market cycles. The asset stood at around $112,100 at press time, down slightly over the past 24 hours and down 8% over the past week. Though short-term performance is weak, some technical and on-chain indicators are pointing to
Bitcoin price continued its decline after Trump’s China import threats reignited fears of a renewed U.S.–China trade war. Summary Trump’s cooking oil ban threat on Oct 14 deepened trade war fears. Bitcoin dropped below $112K, with $90B trading volume amid volatility. Rising liquidations and Fed rate cut uncertainty worsen bearish market sentiment. Bitcoin traded near
The ongoing U.S. government shutdown has deprived traders of the latest economic data releases, injecting a sense of directional uncertainty into the markets. In such situations, it’s useful to look back at how markets have reacted to previous shutdowns. Interestingly, the previous U.S. government shutdown, which lasted from late December 2018 to January 2019, coincided
Jim Cramer, the well-known host of CNBC’s Mad Money, has issued a strong warning to investors. He said that people investing in American Bitcoin (ABTC) could “lose everything.” His comment quickly spread online, with many in the crypto community reacting strongly. Some took Cramer’s Bitcoin warning seriously, while others joked that this might actually be
Bitcoin whales, the large investors who hold massive amounts of BTC, are buying again. Data shows that whale holdings have turned upward, crossing above the one-year moving average. This shift in Bitcoin whale accumulation has historically been a reliable signal for the start of prolonged bullish phases. After months of distribution and price uncertainty, whales
Bitcoin price crash to the support levels at $110,000 in another major crypto market liquidation event, as analysts predict another 15% drop ahead. Furthermore, as the ‘debasement trade’ kicks in, Gold has had an upper hand with price soaring to $4,200 per ounce. Short traders are piling up, and if they break the immediate support
Fed Chair Jerome Powell’s speech was the most-awaited event on Tuesday, October 14. The highlight of the Powell speech was that the Fed chair is leaning toward a more dovish stance, indicating higher chances of more rate cuts ahead amid the weak job market. Crypto market remains upbeat on the development, with Bitcoin price bouncing
A Hong Kong-based subsidiary of a major Chinese commercial bank, China Merchants Bank (CMB), has tokenized its $3.8 billion money market fund (MMF) on BNB Chain. CMB International Asset Management (CMBI) has partnered with BNB Chain to bring its CMB International USD Money Market Fund on its layer-1 (L1) blockchain, BNB Chain announced on Wednesday.