Bitcoin could be in for a quick rebound back above the $30,000 level in the coming days if it follows in the footsteps of a historic trading pattern that looks to be unfolding. According to an article released by Bloomberg, after Bitcoin has jumped by at least 3% one day only to then give back…
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Electric car maker Tesla revealed on Wednesday that its bitcoin (BTC) holdings remained untouched during the first quarter of 2023. According to Tesla’s quarterly earnings report, the value of the “digital assets” held on the company’s balance sheet stood at $184 million, which is the same it was at for the prior quarter…. Read More:…
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Investors have turned their most bearish on Bitcoin’s short-term price outlook in more than one month, according to options market data presented by crypto data analytics website The Block. However, at the same time, investors seemingly remain confident in BTC’s longer-term outlook. The 25% delta skew of Bitcoin options expiring in seven days fell to…
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Bitcoin (BTC) is down sharply on Wednesday, with analysts citing a massive sell order on the world’s largest crypto exchange Binance and hotter-than-expected UK inflation data as weighing on the price action. BTC/USD was last changing hands almost bang on the $29,000 level, nursing losses of around 4.5% on the day, putting the cryptocurrency on…
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Bitcoin is in the early stages of a new bull market. That’s according to analysis of a widely followed technical indicator called the Market Value to Realized Value Ratio, or MVRV Ratio. This ratio, which is calculated by dividing Bitcoin’s current market capitalization by its market capitalization at the realized price (i.e. the average price…
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Argentina’s financial markets regulator has approved the Latin America region’s first Bitcoin (BTC) futures contract offering. In an official notice from the Comisión Nacional de Valores (National Securities Commission or CNV), the regulator explained that it had approved the trading of futures contracts on the Matba Rofex Bitcoin Index. The CNV specified that negotiation and…
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After hitting their highest levels last month since the aftermath of the FTX cryptocurrency exchange collapse last November thanks to significant volatility and zero trading fees on BTC pairs on Binance, spot Bitcoin trading volumes have fallen significantly. According to data pulled from CoinGecko’s API, spot Bitcoin trading volumes across major exchanges were around $16.4…
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Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level. BTC/USD was last changing hands up in the region of 1.6% on the day, having recovered well…
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Legendary US investor and long-time crypto critic Warren Buffett has once again lashed out at Bitcoin, claiming that it is a gambling token and doesn’t have any intrinsic value. During a recent interview with CNBC’s Squawk Box, the Berkshire Hathaway CEO and chairman labeled Bitcoin a “gambling token.” He claimed that people go after Bitcoin in search…
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According to a recently drafted note by analysts from Bank of America (BofA), investors are intensifying their efforts to move crypto to personal wallets, which market observers interpret as an indication of lower ‘sell pressure’ on Bitcoin (BTC)…. Read More: Bank of America Sees Support for Bitcoin Rally as Personal Wallet Hoarding Increases Read more…
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