Story Highlights Bitcoin slips to $108K, but VirtualBacon insists it’s the perfect dip-buying opportunity. Veteran trader says Bitcoin’s 20-week SMA has repeatedly acted as reliable support zone. Macro backdrop strong: Fed rate cuts expected, liquidity could boost Bitcoin’s next rally. World’s largest cryptocurrency, Bitcoin, slipped below $108,500 in the past 24 hours, its lowest point
Bitcoin’s (BTC) pullback from its all-time high of $124,500 is raising concerns of extended losses, with the asset’s current chart formation showing similarities to the 2021 cycle top that triggered a prolonged bear market. According to insights from popular online cryptocurrency analyst TradingShot, Bitcoin has struggled to regain momentum, with every rally attempt being sold
The Smarter Web Company (SWC) has announced progress in several key areas this week. CEO Andrew Webley confirmed the firm raised £3.7 million ($3.7M) through its subscription agreement. The funding provides additional support as the company expands its global footprint. Alongside the capital raise, SWC also confirmed a change in auditors. The firm is moving
Billionaire entrepreneur Marc Cuban has done a complete 180 on Bitcoin. Back in 2019, he famously said bananas were “more useful than Bitcoin.” People laughed, memes were made, and crypto fans rolled their eyes. Fast forward to today, and Cuban says Bitcoin is actually a better version of gold. Yes, really. This news comes via
A large transaction by a famous crypto whale shook the Bitcoin market. The whale sold nearly 200 BTC at approximately 21.35million dollars. One Bitcoin was then valued at approximately 108 398 dollars. The sale was immediately acted upon by another trader who went ahead to take a 3x leveraged short position of value of 60.89
A recent report from Whale Alert has captured the attention of the cryptocurrency community: a significant Bitcoin transfer of 2,300 BTC moved from Coinbase Institutional to an unknown wallet. This single transaction, valued at approximately $249 million, immediately sparked widespread discussion and speculation across the crypto market. Such large movements often signal important underlying shifts,
Michael Saylor, vocal Bitcoin advocate and a co-founder of Strategy, has gone beyond himself to praise Bitcoin on his X account and to reveal its strongest points using AI for visuals. Saylor seems to be copycatting Elon Musk’s space dream to illustrate all the vast potential of the world’s flagship cryptocurrency as a financial tool.
Cryptocurrency analyst Fred Krueger said that Bitcoin would need to inject more than $1 trillion in new capital into the market to reach a price target of $1 million by 2035. Krueger argued that for this goal, the elements of “means, motivation and opportunity” must be provided. According to Krueger, approximately $10 trillion in new
Bitcoin prices have fallen back in recent weeks, dropping to less than $108,000 on Friday, August 29 after reaching an all-time high above $124,000 earlier in the month. The world’s most valuable cryptocurrency by total market value declined to $107,500 around 5 p.m. EST, according to Coinbase data from TradingView. At this point, the digital