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
Bitcoin’s (BTC) new bearish sentiment and historical price movement suggest that the maiden cryptocurrency may be entering a fresh downturn cycle. This outlook, shared by prominent online cryptocurrency analyst TradingShot in a TradingView post on November 11, came as Bitcoin slipped below the $110,000 mark. Analysis of weekly price charts shows that Bitcoin has been
Crypto analysis platform Matrixport reported in its latest report that Bitcoin (BTC) is approaching the oversold region in terms of technical indicators, and these levels have historically paved the way for price recoveries. Matrixport: Bitcoin Approaching Oversold Territory, Current Levels Could Present Buying Opportunity Bitcoin has retreated into risk territory after a significant decline in
Bitcoin BTC$101,474.35 briefly fell below $100,000 for the first time since June on Tuesday, reaching lows of around $98,951. The drop took the largest cryptocurrency below two key support levels needed to sustain the current bull market, fueling concerns the decline may gather steam. The two levels, the 365-day simple moving average (SMA) and the
MetaPlanet has taken another bold step in its Bitcoin first strategy. The Japanese firm has raised $100 million by collateralizing its Bitcoin holdings, according to a report from CoinPost. The funds will help the company acquire more Bitcoin, expand its income-generating business and potentially conduct share buybacks. According to Coinpost, MetaPlanet secured a $100 million
U.S. spot Bitcoin exchange-traded funds have seen outflows of nearly $2 billion over the past five trading days, pressuring Bitcoin to drop below $100k for the first time since May. Summary Bitcoin ETFs bled nearly $2 billion over the last 5 trading days. Macroeconomic pressures, such as US-China trade tensions, have kept risk sentiment at
A once-unbeatable crypto trader has seen his fortune reversed after a sharp market correction turned a $33 million profit into losses exceeding $26 million, ending a near-perfect trading streak. The well-known crypto trader, identified by the on-chain wallet 0xc2a3, has suffered a major setback following the sharp decline in digital asset prices. According to blockchain
Bitcoin is now trading below $100,000, dipping to its lowest level since June, and the panic button has already been slammed by most retail investors. Leverage trades have collapsed, sentiment is wrecked, and what’s left looks a lot like a crypto winter. But Matt Hougan, chief investment officer at Bitwise, isn’t flinching. He sees this
Story Highlights Bitcoin slips below $100K as fear index hits extreme lows at 23. Raoul Pal predicts a global “liquidity flood” could spark the next crypto rally. GMI Liquidity Index signals massive uptrend, with $10 trillion global debt rollout ahead. Bitcoin’s fall below the $100,000 mark has shaken market confidence, dragging the Fear & Greed
The cryptocurrency space is on edge following reports that Marathon Digital moved around $236 million of Bitcoin to the major exchanges. This brought immediate concerns of a potential selloff by Bitcoin miners and caused traders to wonder if a larger selloff is in the works. Market volatility has been on the rise, and BTC prices