Cryptocurrency analyst Timothy Peterson has shared a remarkable seasonal analysis of Bitcoin’s price movements. According to Peterson, September 21st is the worst day of the year for Bitcoin. The analyst argued that there’s about an 80% chance Bitcoin will fall on that date. According to Peterson’s data, the average daily loss on September 21st was
A weak jobs report by the Bureau of Labor Statistics confirmed the gloomy employment outlook previously reported by human resources firm ADP. More Weak Jobs Data Triggers Second BTC Sell-off, Price Revisits $110K Just a day after New Jersey-based human resources giant ADP sent bitcoin ( BTC) below $110K with lower-than-expected private sector employment numbers,
More than 9,000 dormant bitcoins moved in August after years of silence. September is now showing its own stirrings, with a slew of 2017 wallets waking and pushing the edge once more. September Sees Sleeping Bitcoin Wallets Stir Last month, 9,062 BTC left vintage addresses, shifting onchain for either sale or consolidation. September is now
Blockchain analysis firm Arkham has revealed that the German government was unable to seize all Bitcoin assets linked to the pirate movie site Movie2K. In early 2024, German police seized approximately 49,858 BTC from the owners of Movie2K, a platform that was active in 2013 and whose executives were arrested in 2019. These assets were
Gold bug Peter Schiff is gloating over Bitcoin’s recent underperformance. In a recent social media post, the gold bug stated that the flagship cryptocurrency is currently doing “nothing” while gold is in the process of hitting new record highs. Gold’s new record high Earlier today, the yellow metal hit yet another all-time high, surpassing the
Bitcoin’s gradual price recovery that took the asset to a weekly peak earlier today came to a screeching end as the asset was violently rejected at that line. The altcoins followed suit, which has wrecked overleveraged traders, with more than 80,000 such market participants getting liquidated over the past day. The primary cryptocurrency had a
At press time, the Bitcoin price is at $112,999, which is up from $110,500 last week. The rebound occurs because BTC is defending its channel support, while the stock market is regaining confidence. Traders are keeping an eye on whether inflows and macro correlations can push the price back up to $115,000. Bitcoin Defends Bull
Strategy’s co-founder and executive chairman, Michael Saylor, has taken to his official account on the X social media network (formerly known as Twitter) to publish a tweet, where he made a mysterious reference to the world’s flagship cryptocurrency, Bitcoin. The community has, as usual, praised him. However, the praise likely came not for the tweet
For much of this cycle, Global Liquidity has been one of the most accurate indicators for anticipating Bitcoin’s price action. The connection between money supply expansion and risk-asset growth has been well established, and Bitcoin has followed that script remarkably closely. Yet recently, we’ve been paying close attention to a couple of other data points
Gold and its digital equivalent, Bitcoin (BTC), have been dancing around each other for a while now, and both assets are starting to see some promising developments. The precious metal surged to a new all-time high this week, trading above $3,500 per ounce, while the world’s largest cryptocurrency went past the $113,000 mark again on