Both crypto and stock markets were down on Tuesday afternoon and the only metric rising was bitcoin’s correlation with the S&P 500. Gloomy Sentiment Sends Bitcoin and Stocks Down Together Bitcoin ( BTC) fell below $113K on Tuesday and stock markets were no better, plunging into the red across the board and hinting at a
Cryptocurrency analysis firm MakroVision published its latest technical assessment of Bitcoin, stating that the price is continuing its correction. According to the company’s updated chart analysis, BTC is currently trading just below $113,000. The analysis indicated that the price was struggling to hold onto the 0.382 Fibonacci level ($114,200) and the red trend channel in
Cryptocurrency analysis firm Alphractal has published a compelling analysis of the Bitcoin market. The analysis suggests that Short-Term Investors (STIs) have recently begun accumulating Bitcoin non-strategically and at relatively high levels. According to the company’s data, the Realized Price for short-term investors has now exceeded $107,000. This group of investors, who have been accumulating Bitcoin
Matt Odell, Bitcoin entrepreneur, podcaster and venture capitalist, sat down with Bitcoin Magazine for an exclusive interview to discuss the future of the industry and the insights behind his success. Famous for having deleted his Twitter account with over 250,000 followers to move full-time to Nostr, the open source Bitcoin-powered social media protocol, Odell has
Get ready for a potentially groundbreaking moment in the world of digital finance! Brazil is on the cusp of a historic event, preparing to hold its first official hearing on a potential Bitcoin reserve. This development signals a significant shift in how major economies view digital assets. Why is Brazil Considering a National Bitcoin Reserve?
The cryptocurrency world recently witnessed a notable event: a substantial 2,499 BTC transferred to Coinbase Institutional from an unknown wallet. Whale Alert, a prominent blockchain tracker, flagged this significant transaction, valued at approximately $284 million at the time. Such large movements often spark considerable discussion and speculation within the crypto community, prompting us to delve
The Bitcoin (BTC) price has rolled back under $115,000 after trying to break higher earlier this month, and it is bad news for bulls — the price chart is lining up a combination that does not look friendly at all. The weekly candles show the cryptocurrency topping near $117,500 and sliding into the mid-$114,000s, right
Analytics platform Swissblock says that Bitcoin (BTC) may be able to blast through stiff resistance and print new all-time highs for two main reasons. Swissblock says that while Bitcoin may be printing a similar 2021 bearish double top pattern, there are significantly different macroeconomic conditions this cycle that may instead propel BTC to fresh record
Peter Brandt has been around long enough to see hundreds of Bitcoin (BTC) models come and go. This week, however, he singled out one that caught his eye. “Analyst Colin Talks Crypto” shared the chart, which uses Tether’s market share to predict Bitcoin tops on an inverted log scale. Brandt did not just nod politely;