The current crypto market condition is not going that strong, with the global cryptocurrency market cap trading at $2.92 trillion at press time after a drop of 2.7% in the past 24 hours. Yet, Bitcoin [$BTC] stood strong as it recorded its largest net exchange outflow in seven months, with approximately 24,073 $BTC leaving cryptocurrency
Right now, what Bitcoin needs is a catalyst to keep HODL sentiment intact. As AMBCrypto recently reported, Bitcoin was trading near $86,200, putting whales at roughly 39% unrealized profit and sharks at nearly 28% based on their respective cost basis. With $BTC now down to $83k, the risk of profit-taking and a new wave of
Strike has announced the launch of its new feature, Stacks, which allows users to efficiently organize their Bitcoin savings. This innovative tool enables users to set aside Bitcoin for various purposes and schedule dollar-cost averaging (DCA) contributions. Such advancements reflect the growing trend of integrating Bitcoin into traditional financial services, showcasing the cryptocurrency’s increasing acceptance
$GNS has announced its recommencement of Bitcoin treasury purchases, following a legal victory that lifted a previous injunction preventing the company from issuing sales. This move, highlighted by CEO insights, is designed to signal to shareholders the beginning of a new accumulation strategy. As $GNS positions itself for potential market gains, the move could influence
Bitcoin $BTC fell nearly 3% over the past 24 hours as investors reduced exposure ahead of the release of the Federal Reserve’s latest meeting minutes. The top cryptocurrency was trading at $82,947, slipping below the $83,000 level. The pullback followed another rejection near $87,000, shifting attention toward lower technical support despite continued ETF inflows and
Bitfinex recently shared insights on Bitcoin’s price trends, noting its resilience amid a pullback in the Asia session. As of October 7, Bitcoin trades around $83,800, significantly above the weekly Keltner upper band of approximately $81,560. This information suggests a continued bullish sentiment in the market, indicating potential for further upward momentum. For more details,
Bitcoin has slipped below $84,000 after reaching $87,197 last Friday, while analysts have offered competing views on whether October can deliver a recovery toward $100,000. Andreas Brekken, founder of SideShift.ai, told crypto.news that he expects a strong October for Bitcoin, arguing that investors are looking for opportunities after capital flowed toward the SpaceX IPO. “I’m
In brief Bitcoin fell as low as $82,776.30 today and sits at $83,178.54, down 2.76% on the day, as oil climbed above $101 and bond yields climbed. The daily chart still shows a strong trend, but technical indicators show $BTC near oversold territory. Myriad traders give 67% odds that Bitcoin touches $80,000 in October, and
Bitcoin ($BTC) dipped below $84,000 on Wednesday as flash downside liquidated over $500 million in crypto long positions. Key points: Bitcoin briefly dropped to $83,560 but held support at its 21-day moving average, which currently stands at $83,850. Analysis flagged 40x-leveraged $BTC shorts on Hyperliquid appearing immediately before the downside ensued. Analysis by Rekt Capital
The privacy-focused cryptocurrency Zcash ($ZEC) continues to be a topic of discussion in the cryptocurrency market and is often compared to Bitcoin. At this point, the latest statements have come from Balaji Srinivasan, former CTO of Coinbase. Speaking at the TOKEN2049 Singapore event, Balaji Srinivasan pointed to different use cases for Bitcoin and $ZEC. Know