News with the tag "BTC Price Correction"

After facing strong resistance at $61,300 levels this week, the Bitcoin price tanked all the way under $57,000 on Thursday before recovering partially. All eyes will be on Friday’s Bitcoin options expiry which suggests a tight fight between the bulls and bears currently. Bitcoin Options Expiry and E...

The world’s largest cryptocurrency Bitcoin (BTC) crashed all the way to $54,500 earlier before recovering partially. Some of the on-chain metrics like Bitcoin MVRV (market-value-to-realized-value) hint at some caution going ahead. As of press time, the Bitcoin price is trading at $55,770 with a mark...

While the Bitcoin price has been seeing strong selling pressure in the past few weeks, the whales have been making the most of this opportunity. Bitcoin wallets with holdings of over 10K+ BTC have accumulated the most in the past six weeks, thereby taking their holdings to six-year highs. Bitcoin Me...

While the Bitcoin price continues to stay under strong selling pressure, the BTC whale wallets have continued their accumulation. As per the recent on-chain data, Bitcoin whale wallets holding more than 10 BTC have hit a new all-time high in terms of total accumulation. Bitcoin Whale Accumulation As...

The Bitcoin miner capitulation following the Bitcoin halving event in April remains the most watched event. As per the on-chain data, the Bitcoin hash price has touched its all-time low as several miners reportedly turned off rigs since they couldn’t cope with the rising costs and dropping rewards. ...

Throughout this month of June, the Bitcoin (BTC) price has been on a continuous downtrend failing to sustain above $62,000 as of now. As of press time, Bitcoin is trading at $61,657 levels with a market cap of $1.2 trillion. On the weekly, the Bitcoin price is down by nearly 5%. However, popular mar...

After strong selling pressure earlier this week, the Bitcoin (BTC) price attempted a bounceback. However, it couldn’t sustain past $63,000 for a long time. As of press time, the BTC price is trading 1.5% down slipping under $61,000 levels. Crypto analyst Willy Woo says that the current pump would be...

After seven consecutive days of strong outflows, the spot Bitcoin ETFs have finally turned the trajectory recording $31 million in net inflows on Tuesday, June 25. While the Grayscale GBTC saw net outflows, Fidelity FBTC managed to offset this with $48.8 million in inflows. Bitcoin price has reacted...

As the selling pressure on the Bitcoin (BTC) price continues, the futures market also seems to be less exciting than before. Currently, the profitability in the Bitcoin futures cash-and-carry trade has been declining faster with little juice left for the traders to squeeze. Bitcoin Cash-and-Carry Tr...

The latest report from QCP Capital suggests that the Bitcoin price consolidation is likely to continue for two months with the chances of the next bull run starting in September 2024. As of press time, the Bitcoin price is trading 0.4% down at $64,362 with a market cap of $1.268 trillion. Bitcoin Pr...