Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in…
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The Bitcoin (BTC) price saw big swings on Friday, with droves of traders on both the bullish and bearish side getting their positions wiped out as US spot Bitcoin ETF buyers continue to battle against profit-taking sellers. BTC begun Friday’s session above $71,000 before selling off sharply during Asia trade. Having dropped as low as…
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The Bitcoin price has crashed from over $72,000 yesterday to as low as $65,500. As reported earlier today, there are several obvious reasons for this, such as the liquidation of extensive long positions on the red-hot futures market, expectations of a “higher for longer” policy by the US Federal Reserve as a result of hotter…
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After a six-week run, altcoins are cooling off, leading some to fear the worst. However, in a post on X, one crypto analyst urges calm, saying the dip is a normal part of any bull market and may even present opportunities for discerning traders and investors. Altcoins Drop, Follow Bitcoin After posting solid gains and rallying…
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Bitcoin is closing out the week on a rather bearish note after suffering a massive crash in the early hours of Friday. The crash pushed the price below $66,000, drawing the rest of the crypto market down with it in the process. The reason for this crash could be traced back to what started the…
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Today’s Bitcoin price movement is a confluence of factors including massive liquidations, macroeconomic pressures, and the impact of negative Coinbase Premium alongside Bitcoin ETF dynamics. These elements combined have led to a noticeable dip in Bitcoin’s price. #1 Long Liquidations Today’s Bitcoin market saw a significant price drop, initiated by a sweeping liquidation event on…
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Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term. Bitcoin price is correcting gains and moving lower from the $73,000 zone. The price is trading below $71,000 and the 100 hourly Simple moving average. There was a break below…
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Source: Midjourney The Bitcoin (BTC) price dipped as low as $68,500 on Thursday amid profit-taking, before dip-buying bulls buoyed the price back to $70,500. Bitcoin hit fresh all-time highs in the $73,800s around the time of Thursday’s European open. At its latest price of close to $70,500, it is trading 3.5% lower on the day.…
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Bitcoin price is eyeing more gains above the $73,000 resistance. BTC is setting up for a move toward the $75,000 resistance in the near term. Bitcoin price is showing positive signs and eyeing more gains above the $73,000 zone. The price is trading above $72,500 and the 100 hourly Simple moving average. There is a…
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XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November. XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be…
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