Bitcoin News

Avalanche Crumbles More Than 16% As Crypto Landslide Continues

The avalanche (AVAX), nicknamed the “Ethereum killer,” is down over 16% in the wake of a catastrophic cryptocurrency market scenario. Other crypto tokens that are also rivals to Ethereum have experienced double losses in the last 24 hours. AVAX, considered number 13y The largest cryptocurrency with a market capitalization of $7.6 billion, has fallen significantly …

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More Stress For El Salvador As Bitcoin Dips To $29,000

El Salvador has been on the radar of leading financial and economic institutions since it made Bitcoin legal tender. It has basically become a fascinating spectacle as cryptocurrency proponents and non-supporters alike are watching to see how this can happen. El Salvador, which kept its promise of bitcoin, made multiple BTC purchases near the peak …

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Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover

With the market turmoil, digital assets like Bitcoin and Ethereum are experiencing challenges in their prices in ways that have caused investors to shiver. The downtrend caused a massive selloff that pushed prices towards yearly lows. Despite the volume that has already sold out, it seems that the sellers are not finished yet. This is …

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Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000

Bitcoin has had a rough two weeks so far and the effects are still being felt across the board. This caused the price of Bitcoin to drop below $30,000 again. Besides this fall, some other harsh news about digital assets surfaced. One of these was the funding rates, where the massive dive showed increasing bearish …

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Crypto Market More Oversold Than Black Thursday

Panic hit the cryptocurrency market last week when bitcoin broke below the support level, separated the stablecoins from the dollar, and LUNA has dropped to zero. The bloody fallout for cryptocurrencies as a whole has left more oversold from the COVID Black Thursday crash. Here is a closer look at the historical oversold conditions in …

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Crypto Carnage Causes Flight To Bitcoin Safe Haven, Dominance Demonstrates

The crypto bloodbath continues, with bitcoin down 13%, albeit to a lesser degree than it did last week. As a result, many migration patterns have been recorded in cryptocurrency investors as they search for the best safe haven. The first was the trip to the stablecoins to cover up from endless losses. However, the tide …

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Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

Bitcoin made a bearish correction and tested the $29,000 support against the US Dollar. Bitcoin must settle above the $30,500 resistance to start a proper rally. Bitcoin failed to get a pace above $31,000 and corrected back below $30,000. The price is now trading above the $30,000 level and the 100 hourly simple moving average. …

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