According to technical analysts looking at the Bitcoin market on a short-term time horizon, the world’s largest cryptocurrency by market capitalization looks like it could be on the verge of a breakout towards the psychologically important $30,000 level and perhaps on towards the next major resistance zone around $32,500-$33,000…. Read More: Bitcoin on Verge of…
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Bitcoin’s bull run since the start of 2023 which has seen its price jump by close to 70% has been accompanied by a rise in Bitcoin trading volumes. Daily trading volumes recently hit their highest level since the aftermath of the FTX collapse at more than $70 billion. Bitcoin was last changing hands just above…
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Outflows from investment funds backed by Bitcoin (BTC) rose sharply last week, despite a massive increase in the spot price of the cryptocurrency. The outflows from bitcoin funds for the week reached $112.8 million, marking slightly improved investor sentiment compared to the week before when $243.5 million left BTC-backed funds, according to new report from…
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Stacks (STX), the cryptocurrency that powers the smart-contract enabled Bitcoin layer-2 scaling blockchain called Stacks, saw the 13th highest trading volume of all cryptocurrencies over the last 24 hours, as per data presented by CoinGecko on Tuesday. Price predictions subsequently remain bullish. STX/USD was last changing hands around $1.26, close to its highest levels…
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Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average. Bitcoin Difficulty Expected to Rise Following the Past Two…
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Bitcoin consolidated recent gains on March 21, as markets await the upcoming Federal Open Market Committee (FOMC) meeting. Many expect that the Federal Reserve will maintain rate hikes, however at a slower pace of 25 basis points. This comes after the U.S. announced it will explore measures to guarantee client deposits at embattled banks following…
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Sentiment toward the crypto market is the most positive its been since around the time Bitcoin hit its all-time high almost 16 months ago. The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021. A March 20…
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The exchange rate between Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, and Ether (ETH), the world’s second-largest cryptocurrency by market capitalization that powers the Ethereum blockchain, has fallen rapidly in recent weeks. ETH/BTC was last changing hands on Binance (as per TradingView) around 0.0625, down around 15% from earlier monthly highs…
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Bitcoin’s correlation to US equity markets just fell to its lowest level in more than a year and a half. That’s according to crypto analytics firm CoinMetrics, who present a chart showing that Bitcoin’s 30-day pearson correlation between Bitcoin and the S&P 500 just fell under 0.20, its lowest level since September 2021. That’s a…
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Bitcoin was trading above $28,000 on Monday, as cryptocurrencies extended a bull run to start the week. This upwards sentiment comes as the Federal Reserve and other major central banks made coordinated moves to enhance market liquidity. Ethereum continues to trade close to $1,800. Bitcoin Bitcoin (BTC) started the week trading above $28,000, as markets…
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