Two Things to Watch in Bitcoin’s Price Following the Recent Pump
After a period of prolonged consolidation within a particularly tight range, Bitcoin’s price finally made a move to the upside. Up 8.3% in the past seven days, most of which…
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Bitcoin Touches $21k as Bank of Canada Flashes Signs of Pivot
Bitcoin reached past $21,000 on Wednesday for the first time since mid-September, following a lower-than-expected rate hike at the Bank of Canada. Economists say the move may signal a reversal…
‘Ill-Timed” ProShares Bitcoin ETF Plunges Over 70%
As per the data compiled from Morningstar Direct for FT, the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.” The ETF has…
Bears Rekt: $1 Billion Shorts Liquidated in a Day, Most Since October 2020
Bitcoin is ripping. After weeks of prolonged consolidation and rangebound trading where the price seemed stuck around $19K, the cryptocurrency added over $1.5k in the past 24 hours alone. At…
Long-Term Bitcoin Holders Have Amassed Over 75% of BTC
The gloomy market condition has failed to deter long-term Bitcoin holders who are currently in possession of more than 75% of all existing BTC. As per an analyst at the crypto…
Bitcoin Skyrockets Toward $20K Leaving $100M in Daily Liquidations
Following days of inactivity, Bitcoin was struck by another wave of upward volatility on Tuesday. After nearly reaching $20,000, the asset left $100 million in liquidations in its wake. Bitcoin’s…
The Good and The Bad as BTC Appears Ready for a Huge Move (Bitcoin Price Analysis)
It has been quite some time since Bitcoin formed a great daily candle in either direction. The market is going through a steady range phase with extremely low volatility. However,…
Bitcoin Hash Price at All-Time Lows Amidst Dismal Miner Profitability
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest…
Worrying Signs Appear as Bitcoin Volume Gives Way to Altcoins: Analysis
The cryptocurrency market remains in a state of rangebound trading, although, over the past 24 hours, the volatility is starting to pick up. Bitcoin attempted a push toward $20K and…
The Calm Before The Storm? BTC’s Consolidation Likely to End Soon (Bitcoin Price Analysis)
Bitcoin is yet to make a decisive move in either direction, as the price has been trapped inside a very tight range for weeks. However, the consolidation period could be…
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