Bitcoin (BTC) trades at $101,328 as of press time, erasing the 2.3% recovery that had briefly pushed the price to $103,885 the day before. The breakdown confirms what on-chain data has been telegraphing about demand momentum fading, long-term holders selling into weakness, and the market testing structural supports last seen during mid-cycle corrections. The two
According to Matrixport’s post, Bitcoin has entered a consolidation phase due to macroeconomic pressures and resistances in the market structure. Matrixport: Bitcoin in Consolidation Phase, Current Situation Not a Structural Peak The report cited the cautious stance of the US Federal Reserve and the low probability of easing monetary policy in the near term as
Leading cryptocurrency Bitcoin entered a downward trend after reaching a new ATH of over $126,000 at the beginning of October. While there was a major crash in BTC and altcoins on October 11, this downward trend continues in November. Analysts are divided on their BTC predictions. Bitcoin’s ongoing correction has led to divided market predictions,
U.S. exchange-traded funds (ETFs) recorded inflows of $240 million on Thursday, marking the first day of positive flows since Oct. 28, according to data from Farside. No outflows were reported from any ETF provider, ending a six-day streak of consecutive outflows. The longest stretch of outflows since the ETFs launched remains eight consecutive trading days,
Samson Mow, one of the most vocal Bitcoin maximalists, has urged Zcash holders to buy Bitcoin. Mow has drawn parallels between the recent Zcash rally and the price trajectory of meme cryptocurrency Dogecoin (DOGE). “For everyone excited about Zcash, this is DOGE. Your job is to figure out where on this chart you’re at right
After a devastating downturn this week, Bitcoin climbed above $103,000, posting a gain of just over 1% in the past 24 hours. This has revived hopes of a recovery. But fresh data suggest that the crypto asset went below critical trendlines, and analysts say multiple weekly closes under its 50-week moving average confirm the cycle
Bitcoin’s sharp recovery above $104,000 earlier today stirred debate among traders, as on-chain data shows long-term holders (LTHs) quietly taking profits while short-term holders (STHs) are absorbing the selling pressure. According to analysts, the tension between these two groups could decide whether BTC continues its rebound or slips back below $100,000. LTHs Distribute as BTC
A bearish crypto influencer known as Keyboard Monkey won a $200,000 bet by predicting Bitcoin’s recent crash, following a 17% monthly collapse that saw it dip below $100,000 for the first time in six months. Keyboard Monkey’s victory came thanks to a bet with fellow influencer Mando that Bitcoin would drop to $100,000 before it
Bitcoin (BTC) is back above $100,000 on Thursday, November 6, although the flagship digital asset is still trading way below its record highs seen approximately one month ago. Still down around 5% this week and trading at $101,970 at the time of writing, the “digital gold” briefly slipped below $100,000 on November 5 for the
No one is dominating today, as the prices of some coins are rising, while others keep falling, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has dropped by 0.15% over the past day. On the hourly chart, the rate of BTC is about to break the local support of $102,359. If its breakout happens,