The leading cryptocurrency, Bitcoin, failed to break a descending triangle pattern and fell over 3% to $16,160 amid an increased level of FUD in the market. Likewise, the second-most valuable cryptocurrency, Ethereum, has followed Bitcoin’s lead and fallen sharply by nearly 5% to $1,171…. Read More: Bitcoin Price and Ethereum Down 5% amid China Lockdown –…
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Following the rebound above $15,500, Bitcoin price prediction remains neutral during the European session. Since then, BTC has been trading in a narrow range of $16,350 to $16,750. The market’s volatility is low this weekend, and thin trading keeps price action limited. Was $15,500 the bottom? Let’s find out. … Read More: Bitcoin Price Prediction –…
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The leading cryptocurrency, Bitcoin, failed to break above the $16,800 level on November 27 and began to fall toward the 38.2% Fibonacci retracement level. Similarly, the second most valuable cryptocurrency, Ethereum, has followed Bitcoin’s lead and is trading bearishly above $1,200. Major cryptocurrencies were trading lower early on November 27 as the global crypto market cap fell by 0.16%…
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As the market celebrates Thanksgiving, Bitcoin trades sideways on November 25, maintaining a narrow range of $16,350 to $16,700. The crypto market sentiment remains “risk-off” due to FTX-driven fear, uncertainty, and doubt (FUD). The failure of FTX, one of the largest cryptocurrency exchanges, stunned the entire industry. … Read More: Bitcoin Price Prediction as BTC Holds Strongly Above…
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Bitcoin failed to maintain its upward trend on November 24 and fell below $16,650 despite the release of dovish FOMC meeting minutes. Members of the Federal Open Market Committee (FOMC) voted in early November to raise interest rates by 75 basis points, or 0.75%. However, Fed Chair Jerome Powell stated in a press conference that…
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Bitcoin failed to maintain its upward trend on November 23 and fell below $16,650. However, following the release of dovish FOMC meeting minutes, Bitcoin is gaining bullish momentum. According to FOMC minutes, Fed officials’ “Substantial Majority” see rate hikes slowing “soon.” Most Open Market Desk survey respondents thought a 50 basis point increase in…
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On November 23, the leading cryptocurrency, Bitcoin, showed signs of new recovery, having broken through the downward trendline and 50-day moving average to trade near $16,500. Similarly, Ethereum, the second-most valuable cryptocurrency, has followed Bitcoin’s lead and pumped over 5% to 1,163…. Read More: Bitcoin Price and Ethereum On The Rise, El Salvador to Issue Bitcoin Volcano…
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During the European session, Bitcoin finally made some upside movement, having bounced off the double-bottom support level of $15,650. Genesis Global Capital, one of the largest cryptocurrency lenders, halted customer withdrawals due to a liquidity issue caused by an increase in withdrawal requests following the FTX collapse. Following the demise of FTX, Genesis announced on November 16…
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Bitcoin hit a two-year low on Tuesday morning in Asian trading as investors drove down prices for most cryptocurrencies over fears that the failure of the FTX.com cryptocurrency exchange on November 11 could lead to the insolvency of other businesses with ties to the exchange. Ethereum, the second-most valuable cryptocurrency, trades bearishly, falling to $1,100 after…
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During the European session, Bitcoin continued to trade sideways, but overall the trading bias remained positive above the triple bottom support area of the $15,800 level. Digital Currency Group (DCG), a key player in the cryptocurrency sector, announced Monday that it is the parent company of several well-known companies, including Genesis and Grayscale. Genesis is the only full-service…
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