Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
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Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
Stocks and altcoin prices bounced as the sell-off in BTC took a pause, but analysts continue to warn that further downside could occur shortly.
As MicroStrategy stock slumps, Michael Saylor remains confident Bitcoin holdings will cover a potential margin-call on BTC-backed loans.
Fear dominates the crypto market as BTC price trades near $30,000, but data suggests whales and momentum traders could be interested in accumulating in this zone.
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply.
BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks.
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk.
Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022?
The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades.
Crypto market weakness continues into May as analysts suggest that deteriorating sentiment could lead Bitcoin price to re-test $28,000.