While bitcoin’s BTC$103,770.34 decline below $100,000 yesterday was of significant symbolic importance, it’s the $95,000 level which could prove key, according to James Check, or Checkmate, as he’s known in the online world. Nearly 57% of all dollars invested in bitcoin are now underwater at the $100,000 level, according to Check, helping to explain the
Strategy (formerly MicroStrategy), the world’s largest Digital Asset Treasury (DAT) company, plans to never sell any of its bitcoin (BTC). However, to accomplish that feat, there are substantial annual costs to service its holdings: currently $689 million and rapidly increasing. Broadly speaking, the company, which holds $66 billion worth of BTC, has cash obligations to
Bitcoin’s latest drop appears to be driven less by leverage and more by conviction fading among its oldest holders. Summary Bitcoin price has fallen nearly 20% from last month’s peak above $126,000, trading around $102,000 at press time. Long-term holders have sold roughly 400,000 BTC, worth about $45 billion, over the past month, signaling waning
Contrarian bulls might be taking some heart as at least one well-followed analyst is throwing in towel on his hefty year-end price target for bitcoin BTC$102,019.12. “While bitcoin’s structural investment case remains strong, cyclical dynamics have evolved,” Alex Thorn, head of research at Mike Novogratz’s Galaxy Digital, wrote in a Wednesday morning note to clients.
Wall Street bank Citi (C) said the latest bout of crypto market weakness comes despite buoyant equity performance, with October’s sharp liquidations leaving a dent in investor confidence. The Oct. 10 sell-off curtailed risk-taking not only among leveraged crypto traders but also among newer spot exchange-traded fund (ETF) investors, who have since pulled back, analysts
Bitcoin experienced a major crash, with the price falling below the psychological level of $100,000 last night. Evaluating the recent decline in Bitcoin, Singapore-based analysis firm QCP Capital examined the main reasons for the decline. At this point, QCP analysts stated that the decline in Bitcoin was due to a stronger dollar and uncertainty about
The king of crypto is pacing nervously just above six figures, licking its wounds after a bruising drop from the $126,000 summit. While the charts show bitcoin trying to steady itself, its indicators are whispering mixed messages — and they aren’t all optimistic. Bitcoin Chart Outlook On the daily chart, bitcoin is dragging a red
A new quantum countdown website projects a two– to three-year window for quantum computers to break widely used public key cryptography, placing Bitcoin within its scope. Sites like The Quantum Doom Clock, operated by Postquant Labs and Hadamard Gate Inc., package aggressive assumptions about qubit scaling and error rates into a timeline that spans the
In summary Price at 101,766.26 USDT 4 below all daily EMAs, bearish pressure remains. Daily RSI 32.93 4 momentum leans lower; short-term bounce possible but upside limited. MACD histogram -798.46 4 negative momentum confirms the down tilt. Bitcoin crypto news: daily structure favors sellers until price reclaims the 20/50 EMAs. Summary Multi-timeframe analysis 7 Bitcoin
The cryptocurrency market is showing signs of stabilisation on Wednesday following the market-wide correction earlier in the week. Bitcoin temporarily dropped below $100k on Tuesday but is now trading above $101k. The leading cryptocurrency is now consolidating around its key support level, suggesting that traders could troop into the market amid easing volatility. BTC dips