Bitcoin News

Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations

Bitcoin is down 15% in the past 24 hours, dropping below $40,000 for the first time since mid-March. Meanwhile, Ethereum is down 14%, falling below the $3,000 level for the first time since March 22. BTC is trading at $39,783 at the time of writing, while Ether (ETH) is down to $2978.54, according to Coingecko …

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Bitcoin Dives Below $40K, Why BTC Could Recover In Short-Term

Bitcoin gained bearish momentum and even dropped below $40,000 against the US Dollar. BTC could recover if it manages to climb above the $40,000 pivot level. Bitcoin remained in bearish territory and extended its decline below $40K. The price is now trading below $40,000 and the 100 hourly simple moving average. There is a sharp …

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On-chain Data Suggests Bitcoin Miners Were Behind The Selloff

On-chain shows that outflows of bitcoin miners have spiked recently, indicating that miners were involved in the recent sell-off that drove the cryptocurrency’s price below $42,000. Bitcoin mining outflows before the crash soared below $42,000 As pointed out by an analyst at CryptoQuant mailIt appears that Bitcoin miners were one of the sellers behind the …

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Price Of Bitcoin Retreats Under $42,000 As Enthusiasm From Miami Event Fizzles

Bitcoin price failed to break above the $43,500 resistance area and fell below the $42,000 mark before changing course. Multiple charts show that the world’s most valuable cryptocurrency is now showing bearish characteristics and remains vulnerable to a move towards $40,500. Bitcoin fell below $42,000 for the first time since March 22, and is back …

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Bitcoin And Ether Up As BTC Whales Get Busy Acquiring New Supply From Sellers

The majority of cryptocurrencies traded in the green early Sunday. Bitcoin is up 0.62% in the past 24 hours to $4,2679.03, while Ethereum is up 1.26% at $3,254.76. According to Coindesk data, Ether, the second most traded cryptocurrency, was trading at $3,254, up 1.21%. During the previous day’s session, Bitcoin was trading at the long-term …

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Get Ready For A Bitcoin Short Squeeze? Longs Pile Up As BTC Struggles

Bitcoin has been hinting at lower levels during today’s trading session. The benchmark cryptocurrency was rejected at around $48,000 and was unable to regain its previous highs. Related reading | Jason Urban of Galaxy Digital What Will Push Ethereum to the Heart of Bitcoin At the time of writing, Bitcoin is trading at $43,100 with …

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Ark CEO Cathie Wood Is As Bullish As Ever, Sees Bitcoin Hitting $1 Million By 2030

Cathy Wood reiterated her positive view of Bitcoin this week at the Bitcoin 2022 conference in Miami, Florida. Ark Invest CEO predicts crypto will reach $1 million by 2030 in a presentation Thursday. “We think bitcoin is just getting started,” she told CNBC. “Institutions are now only catching up with individuals in terms of BTC …

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What’s Next For Bitcoin As Prices Encounter Difficulty Reclaiming $43,000?

Lately, bitcoin prices have struggled, often dropping below $43,000 and then failing to make significant gains. At around 9:20 AM ET, the world’s most popular crypto asset fell to $42,777.20, CoinDesk data shows, on Saturday. The majority of cryptocurrencies were trading lower early Saturday. The global cryptocurrency market cap fell by nearly 3% to $1.15 …

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Mexico’s Third Richest Man Says No To Bonds, Yes To Bitcoin

Ricardo Salinas Bligo is the third richest man in Mexico who has made headlines because of his stance on Bitcoin. The billionaire saw Elektra, a supermarket chain, becoming the first to accept bitcoin payments in the future. He has also been a strong advocate of investing in digital assets rather than traditional ones. This time …

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