El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months
El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran…
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El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran…
BTC price dropped to new lows at $36,000, leading analysts to call for a “Hail Mary close above $39,600” to stave off a bearish shift in Bitcoin’s market structure.
The Initial Public Offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State.
3 key Bitcoin price indicators suggest that the $40,000 level will hold as support throughout 2022.
Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis.
Prices of $42,000 per Bitcoin were more than enough ammunition for well-known Bitcoin bears to reload.
“I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100x from here,” said Raoul Pal.
BTC price retests the recent lows at $46,000 as institutions appear to be “selling for tax reasons” while $52,000 remains a major hurdle in the path higher.
Data from Cointelegraph Markets Pro shows FXS, SXP and GNO posting double-digit gains as BTC bulls look to recover support at $47,500.
The two cryptocurrencies look poised to end 2021 in double-digit percentage losses against Bitcoin.