Bitcoin ($BTC) is going through a significant drop in accumulation levels. Particularly, the $BTC accumulation is waning irrespective of the heightened price levels. As per the data from Glassnode, Bitcoin’s Accumulation Trend Score is declining to a great extent, indicating a minimized buying pressure posed by large cohorts. Hence, this muted accumulation highlights the risk
Bitcoin fell to $108,000 on Thursday, dropping 3.6% in 24 hours, and nearly 7% for the week, according to data from CoinGecko. The decline triggered widespread losses across crypto markets, sending Ethereum down 8% to $3,887 and bringing Ether’s four-week loss to 23%. The sell-off came with a spike in liquidations, wiping out more than
Global Macro Investor CEO and founder Raoul Pal has explained why Bitcoin is not yet off to the races, as seen during this time in previous cycles. In his podcast yesterday, Pal claimed that it is because this cycle is different. The market strategist claimed that Bitcoin is in a “business cycle,” which he believes
A Senior Commodity Strategist at Bloomberg has identified what may be contributing to the ongoing Bitcoin downtrend. For context, Bitcoin slipped into bearish territory after reaching the September peak near $118,000 shortly after the Federal Reserve cut interest rates by 25 basis points. The leading crypto asset has lost more than 5% since then and
Bitcoin Price Dips Below $111,000 Bitcoin ($BTC) has fallen under the $111,000 mark, sparking renewed concerns across the crypto market. The latest drop represents a decisive test of Bitcoin’s resilience as traders eye critical support zones for clues about the next move. BTC is trading at $110,983, slipping under short-term moving averages, with the 50-day
We are less than seven days away from the end of the third quarter, and Bitcoin (BTC) is still struggling to recuperate following a wave of sell-offs earlier this week. Currently trading at around $111,600, the world’s largest crypto is down more than 5% on the weekly chart, having lost over $120 billion in market
Michael Saylor has just turned a meme into a business statement. The Strategy CEO posted an AI-generated video of himself blasting off with a jetpack and landing on the moon, with the caption perfectly characterizing this entire action. In the world of crypto, “to the moon” has always been a way of saying that prices
Bitcoin has been hovering above$111,000 a day ahead of new U.S. inflation data that will play a big role in determining whether the Federal Open Markets Committee lowers interest rates for a second time in 2025. Three analysts with whom Decrypt spoke differ about how the largest asset by market capitalization might respond. Bitcoin was
Bitcoin has risen about 350% since the ETF filings two years ago, as Bloomberg ETF analyst Eric Balchunas called attention to in a recent tweet. The Bloomberg analyst was reacting to a crypto user who seemed to downplay Bitcoin’s rise since spot ETF filings were filed two years ago. Balchunas explains what Bitcoin’s 350% rise