Bitcoin (BTC) tumbled below $50,000 during the early Asian trading hours on Aug. 5 as risk-off sentiment gripped global markets. Bitcoin is down nearly 31% over the last three days in a “once in a 7-10 yr event” that has left analysts with mixed opinions on whether BTC will recover in the short term.
Bitcoin Isn’t a Stock—but It Sure Is Acting Like One
Over the past five years, there have been months when stocks and crypto have moved almost in lockstep and months when they’ve sprinted away from each other. The past 30 days have seen a gradual convergence, and maybe that will keep up for the long haul, or maybe stocks and Bitcoin will split up again.
Harris Vs. Trump On Crypto: Experts Question Each Candidate’s Take On Bitcoin
Vice President Kamala Harris‘ recent outreach to the cryptocurrency community has sparked widespread debate among industry experts and analysts. Grant Cardone, a speaker at Benzinga’s Future of …
Bitcoin Dump Liquidates $1,000,000,000 As BTC Investors Join New Cryptocurrency
In a dramatic turn of events, Bitcoin (BTC) has witnessed a massive sell-off, resulting in the liquidation of over $1 billion worth of BTC. This unprecedented drop in value has shaken the cryptocurrency market, leading many investors to reassess their …
Bitcoin slumps 10% to trade at $54,333, heaviest weekly loss since FTX collapse, crypto market sell-off at $760 million
Bitcoin slumped over 10 per cent at one point before paring some losses to trade at $54,333 on August 5. The cryptocurrency has shed 13.1 per cent over the past seven days — its worst week since the FTX collapse in 2022.
Is Bitcoin Still a Store of Value?
It depends on what you’re trying to protect that value from. Market meltdowns like Monday’s? No. Confiscation or monetary inflation? Maybe.
Make Bitcoin great again – what Donald Trump’s backing of crypto could mean for the industry
Trump’s courting of the crypto industry is almost certainly a political move. The Trump campaign has raised US$25 million (£19.6 million) from the sector since it started accepting cryptocurrency …
Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash
Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets.
Bitcoin, Ethereum ETFs Saw $528M Net Outflows Last Week As BTC Plunges To $51,000
Bitcoin (CRYPTO: BTC), the world’s leading cryptocurrency, bore the brunt of this market sentiment, seeing outflows of $400 million — its first negative flow after five consecutive weeks of inflows. Ethereum (CRYPTO: ETH) followed suit with outflows of …
Bitcoin plunges as crypto market loses collective $367 billion
Bitcoin, Ethereum, and other cryptocurrencies saw their values plunge by a combined $367 billion on a 24-hour period.
Bitcoin Halving and the Situation Right Now
Bitcoin halving and the situation right now. Bitcoin has managed to hold support and the halving is now near. What could this mean for BTC in 2024? We look at the charts with analyst Zak Mir. #bitcoin #btc #alessiorastaniFollow Zak Mir on Twitter …
Bitcoin bulls were obliterated, but is it time to catch the falling knife?
Bitcoin (BTC) price crashed 19% on Aug. 5, reaching its lowest level in almost six months at $49,320. The sell-off caused the Bitcoin futures premium, considered the best proxy for derivatives traders …
Why is BTC down? Bitcoin price plummets as stock markets react to recession fears
It is not a good day for Bitcoin investors. The world’s leading cryptocurrency is currently trading down over 15% at the time of this writing, to $51,090. But Bitcoin isn’t the only crypto that has …
Will Bitcoin Or Ethereum Recover More Faster From The Crash? Here’s What Technical Analysis Says
Bitcoin (CRYPTO: BTC) will recover faster than Ethereum (CRYPTO: ETH) from the current crypto market crash, a prominent trader predicts. What Happened: CrediBULL Crypto highlighted the current …
Crypto Crash August: $528B Lost; BTC, Ethereum, BNB, XRP, and MORE See Massive Lows
This was regarded to have been caused by Mt. Gox’s repayments, a defunct BTC-focused exchange platform from Japan, but has since climbed within the month to its previous footing. However, there were significant beliefs that Bitcoin and the entire crypto …
Bitcoin analyst sees seller ‘exhaustion’ as BTC price rebounds 10%
Bitcoin (BTC) sought damage control at the Aug. 5 Wall Street open as crypto markets bounced from a brutal sell-off. BTC price sees welcome bounce to near $55,000 Data from Cointelegraph Markets Pro …
Bitcoin is having its worst week since the fall of FTX
Bitcoin (BTC-USD) is having its worst week since the collapse of Sam Bankman Fried’s FTX cryptocurrency exchange in November 2022. The world’s largest cryptocurrency fell 14.85% through the week ending Saturday, according to Yahoo Finance data …
Crypto suffers worst crash since 2022 as Bitcoin struggles to hold $50,000
Crypto prices are in free fall at a level not seen since 2022, when a collapse of major companies like FTX and Terraform Labs put the entire industry in peril. This time around, as leading digital …
Solana’s Mimay leads NFTs as Bitcoin and crypto market plunges
Bitcoin traded at US$54,363 as of 11:30 a.m. ET on Monday … was also caught in the center of the crypto market plunge as it lost around 20% of its value. Blockchain data shows that Jump Trading, a …
How Bitcoin’s Bold Comeback in 2024 Could Transform Your Crypto Portfolio
Bitcoin used to utterly dominate the crypto market, but its dominance dipped in recent years — and now it’s rising again. How does this trend affect crypto investors?
Bitcoin (BTC) gained support from big corporate holders in July
Bitcoin (BTC) still gains support from corporate holders. MicroStrategy (MSTG) is still the owner of the third-biggest wallet at the end of July. Corporate buying and BTC reserves …