Amidst the drama surrounding the busted deal between FTX and Binance, banking giant JP Morgan has commented on the current state of Bitcoin and the broader crypto market. If FTX does file for bankruptcy, the contagion could be massive. As Bitcoinist reported today, FTX CEO Sam Bankman-Fried confirmed in a call with his investors shortly…
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On-chain data shows Bitcoin whales with more than 1k BTC were the main sellers in the latest crash, as other cohorts displayed muted activity. Bitcoin Spent Output Value Bands Shows Spike From 1k-10k Group As pointed out by an analyst in a CryptoQuant post, unlike in the previous declines, the 10-100 BTC and 100-1k BTC…
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Bitcoin price declined over 15% and even traded below $16,000. BTC remains at a risk of more losses if it breaks the $15,000 support zone. Bitcoin remained in a bearish zone after the FTX collapse and declined below $16,000. The price is trading below $17,500 and the 100 hourly simple moving average. There is a…
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In this episode of NewsBTC’s daily crypto technical analysis videos, we are examining past Bitcoin bear markets to see how much further we could have before a bottom is in. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 9, 2022 Bitcoin price continues to set new low after low now…
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During the European session, the cryptocurrency market continued to underperform, with the global crypto market cap down 10% from yesterday and DeFi coins down more than 11%. Similarly, Bitcoin has dropped more than 10% and is now trading at $16,300. At $18,170, it broke a triple bottom pattern…. Read More: Bitcoin Price Prediction – BTC Falls Through…
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Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirmed its intention to absorb the failing exchange. Ethereum was also lower, dropping below $1,200. Bitcoin Bitcoin (BTC) fell to its…
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BTC’s price loses its $18,000 all-time high support as the price trades to a region of $17,000 before bouncing off this region. BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. BTC’s price remains weak across all timeframes as the price trades above the…
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The cryptocurrency market continues to shed blood, with the majority of cryptocurrencies trading in the red on November 9 due to panic selling yesterday, fueled by rumors of FTX’s insolvency. While Bitcoin fell to nearly $18,000, Ethereum was on the verge of a significant loss below $1,300…. Read More: Bitcoin Price and Ethereum Hold Crucial…
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Bitcoin price declined over 10% and even spiked below $18,000. BTC remains at a risk of more losses, as the FTX faces more heat. Bitcoin started failed to recover ground and declined over 10%. The price is trading below $19,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming…
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Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt…
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