Data shows the Bitcoin market sentiment has plunged into fear as the cryptocurrency’s price has observed a crash to the $26,500 level. Bitcoin Fear & Greed Index Points At “Fear” In The Market The “Fear & Greed Index” is an indicator that tells us about the general sentiment among investors in the Bitcoin and wider…
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PEPE, the amphibian-themed token that kickstarted the meme coin season in April this year, remains a subject of both fascination and volatility within the cryptocurrency landscape. Its journey, marked by highs and lows, offers insights into the evolving dynamics of this speculative market. In a surprising turn of events, the meme coin arena witnessed a…
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Bitcoin liquidations have been ramping up over the last day following the market crash that rocked the crypto space on Thursday. The result of this is a liquidation event, the likes of which have not been seen since the FTX collapse back in 2022. And Bitcoin’s numbers have shot up as long traders are completely…
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Bitcoin price tumbled below the $28,400 support. BTC tested $24,800 and is currently attempting a recovery wave toward $27,000. Bitcoin is down over 6% and trading below the $27,000 support zone. The price is trading below $26,800 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance near $27,500…
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In a recent analysis of the Bitcoin price, seasoned crypto analyst Rekt Capital discussed the looming presence of a potential double top formation on the weekly chart. The scenario paints a picture of impending volatility, with both bullish and bearish narratives emerging from this often foreboding pattern. “The BTC Double Top still remains intact,” tweeted…
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Terra Luna Classic (LUNC) finds itself grappling with a significant setback as its price takes a sharp dive. Within the span of just 24 hours, the coin experienced a 13% decline in value. The swift sell-off, which began on August 16, triggered a cascading effect that sent LUNC’s price plummeting from its recent peg of…
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Bitcoin has observed some sharp price action today, and if data of these metrics is to go by, the asset may not be done being volatile just yet. Bitcoin’s Open Interest And Leverage Ratio Have Remained High As explained by an analyst in a CryptoQuant post, some metrics are forming a pattern that can lead…
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An anonymous Bitcoin wallet holding 1,005 BTC recently woke up after 13 years of dormancy. This dormant wallet was one of the earliest Bitcoin wallets created, having received its first 1,000 BTC transaction in November 2010, just a little over a year after the Bitcoin mainnet launched. During this time of Bitcoin’s humble beginnings, its…
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PayPal has announced a temporary suspension of cryptocurrency sales within the United Kingdom for a minimum of three months, commencing on October 1. This decision is in direct response to the recent regulatory reforms introduced by the Financial Conduct Authority, Britain’s financial regulator. The FCA is set to implement more stringent guidelines aimed at curbing…
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Bitcoin has plunged toward the $28,500 mark during the past day, which happens to be quite near a historically significant support line. Bitcoin Is Now Near The Short-Term Holder Realized Price As pointed out by an analyst in a CryptoQuant post, BTC’s latest drawdown has brought it near the realized price of the short-term holders.…
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