Market commentator Jacob King warns that a major crash could be “catastrophic” for Bitcoin and crypto investors, citing excessive leverage and market vulnerability. King, CEO of WhaleWire, took to X to point out how Bitcoin’s latest drop has impacted the broader crypto market. In his tweet, he noted that a mere 1% drop in Bitcoin’s
Justin Bons, founder of Cyber Capital, a cryptocurrency investment firm, has warned that the chances of Bitcoin (BTC) collapsing in the coming years remain high. Bons pointed to diminishing block rewards, which are set to fall to 0.39 Bitcoin by 2036 under the current halving schedule. At today’s prices, this would translate to an annual
Bitcoin has pulled back to around $115,000, marking a 6.8% decline below its all-time high of $124,128, reached on Aug. 14. Summary Bitcoin retreats to $115K, about 7% below its Aug. 14 ATH of $124,128. Binance whale distribution and rising exchange reserves signal ongoing selling pressure. Analysts see $114K support as crucial before a potential
A widely followed trader is issuing a warning, noting that Bitcoin (BTC) may be mirroring a pattern witnessed at the top of the 2021 bull market. In a new YouTube video, crypto trader Cheds tells his 50,300 YouTube subscribers that Bitcoin’s rally to a fresh all-time high last week before succumbing to another sell-off could
Story Highlights Bitcoin price plunges to $115K, facing tough resistance near $116K amid seller pressure. Doctor Profit warns September could be very red, citing history of repeated monthly losses. Trading plan suggests shorting Bitcoin at highs, then rebuying cheaper during September correction. Bitcoin, the world’s largest cryptocurrency, kicked off the week with a sharp fall
Bitcoin price is trimming gains and trading below $120,000. BTC is now showing some bearish signs and might decline below $115,500 zone. Bitcoin started a downside correction below the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There was a break below a key declining channel with support
In a fascinating development that underscores the evolving landscape of corporate finance, Lib Work, a prominent Japanese construction firm, is making headlines. The company has announced a significant plan for a Bitcoin purchase, signaling a bold step into the world of digital assets. This move by a traditional industry player highlights a growing trend where
Bitcoin (BTC), which reached a new ATH of over $124,000 a few days ago, has been falling ever since. Having reached a new ATH on August 14, BTC continues to experience declines as the above-expectation US PPI data continues to negatively impact investor confidence. Analysts say the influx of economic data from the US has
MicroStrategy founder and chairman Michael Saylor has once again shared his Bitcoin (BTC) portfolio tracking data. Saylor, in a statement on his Twitter/X account, used the phrase “not enough orange” regarding the chart where every purchase is marked in orange, signaling that the company may have made new purchases. A website displays an orange dot