Bitcoin / 629 posts found
Bitcoin (BTC) Price Might Drop 33% & Reach Bottom At This Level
Bitcoin After Bitcoin lost its crucial price level of $22,000 at the start of this week, the entire crypto space seems to be following it on its downward plunge. This price movement has influenced the global crypto market capitalization to fall below $1 trillion. A popular analyst and trader, Tone Vays, believes that Bitcoin will see new lows as the currency repeatedly fails to maintain its bullish price movement. Vays asserts that the flagship currency is on the verge of witnessing a massive price drop of 33% from its current value to reach the $14,000 mark as it failed to […]
Binance Reports Massive Ethereum Gas Fee Utilization Here’s Why
While the world’s first cryptocurrency, Bitcoin, has lost its grip over the important price level of $22,000, the lead altcoin, Ethereum, to has suffered a pullback. Recently, Ethereum had made a monthly high of $1655, but with the scheduled FOMC meeting on July 27, Ethereum has plunged by 13%. At the time of publication, Ethereum is selling at $1,414, with a fall of 8.16% in the last 24hrs. Alex Svanevik, CEO at Nansen, a blockchain analytics firm, claims that as Ethereum’s gas fee has dropped, Binance has popped in to take advantage of this as the exchange is moving its […]
August To Be A Decisive Moment For Bitcoin Price Ahead Of FOMC & GDP Report
Bitcoin Since May, 2022, after Terra (LUNA) collapse, the crypto market is not in that good condition with an increase in negative news around the space. Even now, the overall crypto market sentiment is not positive with the increased price volatility along with declining interest in terms of Crypto derivatives. As per the report, in the month of June, there has been a massive decline in the derivatives trading volume in well known exchanges like Binance and OKX. Now, it’s fascinating to know how Bitcoin will see its price movement for the month of August 2022. Bitcoin August To Be […]
Inflation Rates to be Normalised in 2023, Will this Ignite a Bitcoin Bull Market Then?
The FOMC meeting is fast approaching and the entire world is pretty much eager to know the updated inflation rates. The rates in the past 2 months have broken the record of being the highest in the past 40 years, while the previous rise also marked the highest single-spike of all time. Therefore as per the experts, the crypto space is expected to be volatile throughout the week. The BTC price plunge earlier was ignited by multiple events like LUNA-UST, Celsius, 3AC, etc, & later fuelled by FED rates. Now when the prices are attempting to make a move towards […]
236K BTC Sold by Large Institutions Since Terra’s Implosion in May
Cryptocurrency In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Cryptocurrency Forced Selling In Lunde’s view, massive institutional blow-ups in the past two months started from Terra’s collapse on May 10th – when Do Kown sold over 80K BTC to defend the UST peg. Since then, the contagion has spread quickly across the industry and deepened the selling pressure, leading to 236,237 BTC being sold […]
Finnish Customs Finally Sold ₿1,889 Held Since 2016
Cryptocurrency Reading Time: 2 minutes Finnish customs has sold ₿1,889 it has held for over six years The haul came from multiple dar wek drug busts The proceeds of €46.5 million will be donated to Ukraine Finnish customs have finally sold a huge bitcoin haul it has held since 2016, saying that the proceeds of €46.5 million ($47.35 million) will be donated to Ukraine in its battle against Russia. The customs service had intended to sell the bitcoin haul at the peak of the bull run in 2021 but never got clearance to do so, meaning it missed out on […]