Bitcoin's 200-week moving average (200WMA), a key long-term trend indicator, has surpassed $61,000, as highlighted by Bitcoin pioneer Adam Back. This moving average is significant because it often marks the boundary between bear and bull markets and acts as a strong support level during downturns. Despite Bitcoin's price dropping nearly 42% from its all-time high of $126,198 last October and recent short-term declines to around $72,364, the upward trend of the 200WMA suggests that Bitcoin's long-term momentum remains positive. Analysts are watching $70,000 as a crucial support level while market participants consider the Federal Reserve's cautious stance on interest rate hikes amid persistent inflation.
Large cryptocurrency holders are showing contrasting behaviors as Bitcoin's price falls below $73,000. XRP whales accumulated 65.32 million tokens worth nearly $72 million over four days, while Bitcoin whales sold over 34,000 BTC valued at $2.6 billi...
Bitcoin fell 1.1% even as major US stock indexes like the S&P 500 and Nasdaq rebounded by 3% and 6.6%, respectively. After-hours trading saw slight declines in these indexes, but Bitcoin's lack of response frustrated crypto trader Killa. Due to this ...
David Schwartz, former CTO of Ripple, revealed he sold about 23 million XRP, reducing his holdings from 26M to 3M tokens. He also sold nearly all his Bitcoin and Ethereum, citing very low risk tolerance and a pre-planned sales strategy. Schwartz's sa...
Social sentiment for Bitcoin, Ethereum, and XRP has turned bearish, with negative comments outnumbering positive ones. Bitcoin's price fell below $73,000 after a brief rally above $80,800 post-US midterm elections, reflecting broader market fears fue...
Trading volume on Hyperliquid shows equities overtaking Bitcoin again, reflecting traders chasing stock dips. Despite hopes for a BTC rebound like in August, recent $1.043 billion outflows from Bitcoin spot ETFs and negative sentiment suggest recover...
