bitcoin / 326 posts found
Bitcoin (BTC) And Ethereum (ETH) Could Dip Lower Than the Recent Bear Market
Cryptocurrency As hawkish remarks from the US Federal Reserve concerning inflation and the economic slowdown continue to weigh on riskier assets, the price of bitcoin today rose to trade above $20,000 after falling below the level in the previous sessions. At $20,333, the largest and most widely used cryptocurrency was trading slightly higher. According to recent data, the market capitalization of all cryptocurrencies was again above the $1 trillion threshold today after increasing by almost 2% in the previous day to $1.04 trillion. However, does it indicate a BTC buying opportunity, and how far will the price of digital assets […]
Will Bitcoin (BTC) Price Hit New Lows In September ? Here’s What You Can Expect
Currently, Bitcoin is on a bumpy ride as the world’s first cryptocurrency has been switching between $19,000 and $20,000 price area. Even the last week’s price action wasn’t as eye-catching as most of the days the currency was on a red candle. At the time of publication, Bitcoin is selling at $19,711 after a fall of 2.61% over the last 24hrs. Currently, the flagship currency’s troubled days may not find their end anytime soon. Though the market has reversed its stance, crypto experts and strategists have given their predictions based on their analysis. Among such analysts, CryptoQuant author, Maartunn claims […]
Bitcoin Community Rattled By Mt. Gox Dumping $140K BTC
You are here: Home / News / Bitcoin News / Bitcoin Community Rattled By Mt. Gox Dumping $140K BTC August 29, 2022 by Lipika Deka Bitcoin [BTC] has struggled to maintain the $20k mark on Aug. 27 as unconfirmed rumors of Mt. Gox dumping $140k BTC have sparked a massive sell-off. Crypto Twitter is rife with doomsday predictions that Bitcoin will fall back in the range of $10-$12k. Some pointed out that the release would coincide with unlocking the post-merge staked eth. “They just want to maximize the chaos,” one of those tweets claimed. The now-defunct Mt. Gox abruptly suspended […]
Bitcoin (BTC) On-Chain Analysis: Mayer Multiple Shows Bullish Reversal Potential
Cryptocurrency Be[In]Crypto takes a look at the Mayer Multiple (MM) and its components in order to determine if BTC is close to a bullish trend reversal. What is Mayer Multiple? The Mayer Multiple (MM) is an oscillator that is calculated using the ratio between the BTC price and its 200-day moving average (MA). Afterward, the Mayer Multiple indicator (blue) is afterward created by taking the difference between the BTC price and its 200-day MA. The 0.8 (green) and 2.4 (purple) oscillators are then plotted in order to determine market tops and bottoms. Movements above the 2.4 oscillators have historically coincided […]
Bitcoin ATM Firm Set to Go Public in $885M Deal
Bitcoin Depot has reached an agreement with a special-purpose acquisition company (SPAC) that would see the firm go public in a reported $885 million deal. A SPAC is a shell corporation created to raise money from investors and trade on the stock exchange. It exists for the sole purpose of buying out (merging with) a privately owned company to take it public. SPACs have become a popular alternative to other means of capital raising such as the initial public offering (IPO). Now Bitcoin Depot looks set to follow in the footsteps of Bakkt Holdings and Cipher Mining, fellow crypto firms […]
Bitcoin Cloud Indicator Suggests Bitcoin Bottom May Be Close
By Mark Hunter 23 hours agoWed Aug 24 2022 08:59:07 Reading Time: 2 minutes A Bitcoin bottom may be close according to a key indicator The Bitcoin Cloud Indicator suggests that the worst may be over following a 50% crash since May The current price pattern is mirroring 2018-2019 Bitcoin may well be bottoming out and forming a pattern close to late 2018, according to The Bitcoin Cloud Indicator. The Bitcoin Cloud Indicator is made up of a green line (21-day EMA) and a red line (200-day EMA) and highlights very clearly where Bitcoin is currently sitting in a market […]
