Bitcoin’s (BTC) losing streak deepened on October 17, with the flagship cryptocurrency plunging to just above $104,000 and shedding almost $150 billion in market value in less than 24 hours. The decline pushed BTC’s market capitalization from $2.216 trillion on October 16 to $2.07 trillion, raising fears that the $100,000 threshold could be tested in
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. As bitcoin’s BTC$104,558.42 price wilts, bulls are pinning hopes on a potential rotation of money from the still-rallying gold to its digital counterpart. These hopes may get a boost as price charts show bitcoin’s per piece dollar-denominated price is now at
Bitcoin’s (BTC) price has fallen about 2.3% in the past 24 hours, trading near $108,800 after a volatile week where the “Black Friday” crash took center stage. But while prices are still struggling to recover, short-term holders (STH) appear to be buying every dip — and the scale of their buying could soon matter. This
Bitcoin remains under intense selling pressure after failing to sustain key support levels near $106,000. The world’s largest cryptocurrency continues to trend lower as institutional movements intensify, with reports indicating that BlackRock sold about 9,000 BTC valued at roughly $1 billion earlier today. This significant sell-off has added to the bearish momentum that started after
Bitcoin dropped below $106,000 in early European hours Friday as leveraged traders once again faced heavy losses, with nearly $1.2 billion in crypto positions wiped out over the past 24 hours. Data shows that most of the damage came from long positions, reflecting how aggressively traders had positioned for a bounce earlier in the week.
Bitcoin price slid below $110,000 as rising exchange-traded fund outflows and renewed selling pressure dragged the market deeper into correction territory. Summary Bitcoin dropped under $110K as spot ETFs saw $536M in outflows. Derivatives data show growing caution, with volumes up 40% but flat open interest. Analysts warn of a possible dip toward $100K if
Metaplanet CEO Simon Gerovich has unveiled a detailed plan. He explained how the company will continue expanding its Bitcoin holdings without diluting shareholder value. In his latest post, Gerovich broke down how issuing preferred shares, instead of common stock, can strengthen Metaplanet’s balance sheet. While boosting Bitcoin per share (BTC/share) growth. As we enter our
The U.S.-listed crypto exchange-traded funds (ETFs) bled money Thursday, snapping a two-week streak of consistent inflows. The 11 bitcoin BTC$106,956.43 ETFs registered a net outflow of $536.4 million as investors pulled out $56.8 million from ether ETFs. Data curated by SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) saw $29 million in outflows on the day,
Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000. Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level. The price is trading below $110,000 and the 100 hourly Simple moving average. There is a bearish trend line