Nearly $1 billion worth of Bitcoin futures contracts have been wiped out once again. Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market. Total Bitcoin liquidations. Source:…
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Bitcoin surged 20% from $30,500, but its overall rally is beginning to show signs of weakness. The price of Bitcoin (BTC) rose 20% on Jan. 12, from $30,500 to around $36,600, across major exchanges. But while the rebound after the correction has been strong, there are two warning signs. BTC/USDT 1-hour price chart (Binance). Source: TradingView.com…
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At 28%, this weekend’s BTC price action was decidedly average compared to the cryptocurrency’s run-up to 2017 all-time highs. Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context. As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period…
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After a massive cascade of liquidations, Bitcoin price could be heading toward recovery, based on network fundamentals. Over $2.7 billion worth of futures contracts were liquidated in the last 24 hours, based on data from Bybt. This caused the price of Bitcoin (BTC) to see a large drop in a short time frame as it…
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The average amount of Bitcoin miners are selling continues to gradually decrease. Bitcoin (BTC) mining difficulty is increasing by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever. “Hashrate is on a…
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A blow-off top may yet appear, but market composition has changed and 20% dips are being bought with “aggression,” says Filbfilb. Bitcoin (BTC) is not far from a blow-off top price implosion but investors are “aggressively” buying the dip. Speaking to Cointelegraph on Jan. 8, popular analyst Filbfilb revealed that Bitcoin was due a corrective…
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Bitcoin even goes beyond Tesla’s market cap for a short time as bulls suggest the upward momentum is not done at $40,000. Bitcoin (BTC) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly. Cryptocurrency market overview. Source: Coin360 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD quickly rise to…
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The popular metric suggests the Bitcoin bull run is beginning, not ending, according to a report from Stack Funds. Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming. Released in the latest weekly report from Stack Funds, data from Bitcoin’s network value to…
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Roughly three-quarters of the 18.6 million BTC mined to date is not up for sale or even moving anywhere, Glassnode calculates. Bitcoin (BTC) investors are quickly storing most of the available coins away, and they are not for sale, new data at the start of 2021 reveals. Statistics from on-chain analytics resource Glassnode originally released…
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The Bitcoin network hash power is at an all-time high as the spot price looks to breach the $36,000 price mark for the first time. The Bitcoin (BTC) price is not the only metric seeing record numbers as the network hash rate has set a new all-time high. According to data from Blockchain.com, the estimated…
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