Bitcoin News

Bitcoin Marks First Green Weekly Close After Two Months In The Red

Bitcoin has been signaling several weeks of consecutive red closes. Such was the case in the past two months when the leading cryptocurrency experienced 9 consecutive weeks of red shutdown. Unsurprisingly, this has caused a very bearish picture of the digital asset. However, the tide appears to be turning as Bitcoin has now ended its …

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Bitcoin Records 1st Weekly Green Candle In 3 Months

Last week, Bitcoin and the broader cryptocurrency market showed a major reversal of trend by gaining 8 percent in a short period of time. After being separated from US stocks, the world’s largest cryptocurrency has been trying to catch up on this comfortable bounce. Bitcoin has had a volatile week. However, the cryptocurrency managed to …

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Bitcoin Forms Bullish Pattern, Why BTC Could Accelerate Higher

Bitcoin has kept offering well above the $29,350 support area against the US Dollar. BTC started a new increase and created the $30,000 resistance area. Bitcoin has started its recovery wave from the $29,350 support area. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There was a …

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Bitcoin Seen Dropping To $22K As Bear Market May Linger For A While

With stocks dropping and inflation rising, cryptocurrencies seem to be following suit. In the past six months, Bitcoin, the largest cryptocurrency by market capitalization, has lost about half its value. Currently, Bitcoin is selling at an average price of $29,700, and Glassnode has recorded an outflow of about $1.3 billion, with a net offload of …

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Bitcoin Falls Below $30k As 10k BTC Flow Into Gemini

On-chain data shows that cryptocurrency exchange Gemini noticed around 10k BTC in inflows yesterday as the price of Bitcoin dropped below $30K. Bitcoin exchange inflows rose as the price of Bitcoin fell As pointed out by an analyst at CryptoQuant MailIt appears that selling on exchanges such as Gemini, Binance, and Huobi was behind the …

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Can Bitcoin Become “Best Asset On Earth”? Expert Bets On It

The best risky asset of the last decade, Bitcoin, is in the process of transforming. Mike McGlone, chief commodity strategist at Bloomberg Intelligence, said in a recent interview with Kitco News’ On the Spot. Related reading | Arthur Hayes says Ethereum (ETH) could reach the $10,000 mark by the end of the year This process …

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Can Bitcoin Bounce Back To $35K? Here’s What Stands In The Way

There is no action in the cryptocurrency market as Bitcoin is still trading between $29,000 and $30,000. The first cryptocurrency by market cap has been range bound since the collapse of the Terra ecosystem and took a hit in an already weak market. Related reading | Wonderful-Backed Green Bitcoin Mining Venture to Build $500 Million …

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Bitcoin NUL Suggests More Downside To Come Before The Bottom

On-chain data shows that the Bitcoin NUL indicator remains below 0.5, indicating that more downside may be in store for the cryptocurrency before bottoming. Bitcoin’s Net Unrealized Loss Increases, But Still Below 0.5 As pointed out by an analyst at CryptoQuant MailThe price of the cryptocurrency may still be anywhere near the bottom. The relevant …

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