Market 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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Ethereum Breaks Key Support, Why Decline Isn’t Over Yet

Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended lower and settled below the $3,000 support area. Ethereum started another downside and traded below the key $3,000 support level. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a solid bearish trend …

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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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