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Today, the price of Bitcoin is around $110,200, which is close to where it was before it fell below its multi-month rising trendline for the first time since April. From the $124,000 area, sellers pushed BTC lower, which caused a sharp rejection that broke the bullish channel. Spot inflows have also turned negative, with $44
Boyaa Interactive expanded its Bitcoin holdings to 3,670 BTC with a $33 million purchase. The acquisition solidifies the company’s vast crypto reserves as it pivots from traditional online games to a pure-play Web3 entity. Summary Boyaa Interactive expanded its Bitcoin holdings by $33 million, bringing its treasury to 3,670 BTC at an average cost of
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH),
Around $205 billion has exited crypto markets over the past 24 hours, sending total market capitalization plummeting back to $3.84 trillion. It is the lowest level total cap has been since August 6, but it still remains within a six-week sideways channel despite the massive sell-off. CoinGlass reported that around 205,000 traders were liquidated over
French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will allow the 4G and 5G chipmaker to issue American Depositary Shares — US dollar-denominated equity shares of a foreign company
The crypto market has started the week off in a sea of red after a massive Bitcoin sell-off from a single whale triggered cascading liquidations across the board. It’s a reminder that studying trends and cautiously reviewing charts can only take you so far in the volatile world of crypto assets. Every now and then,
Cryptocurrency analytics firm Alphractal has released a striking report highlighting the risks inherent in leveraged trading. According to the report, 94% of traders have liquidated in the last three months. The company said many investors are unaware of the critical areas where mass liquidations are taking place. The report stated that Bitcoin’s long and short
Prominent Silicon Valley investor Tim Draper has addressed his failed $250,000 Bitcoin price predictions during his Monday interview on CNBC. “So, I’ve been predicting $250,000 for Bitcoin for a long time. It turns out I haven’t been right yet,” Draper said, bursting out in laughter. Nevertheless, Draper claims that the fact that Bitcoin is already