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Renzo ($REZ) has hit a double bottom, facing intense liquidations since its listing. The selling pressure has driven the price down significantly. Today, a whale, likely an investor in the Renzo project, deposited 34 million $REZ (valued at $2.09 million) onto Binance. Previously, on June 27, 2024, this whale had received 50 million $REZ at … Read more
Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price … Read more
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Go to Source
Exchange data and statistics from Google Trends, Twitter, and Baidu show that despite the recent price drop people are looking to buy bitcoin. During the week of the crypto market massacre that started on March 12, Coinbase broke traffic records and witnessed considerable trade volumes. Similarly, the trading platform Kraken saw an 83% increase in … Read more
Investing in Bitcoin or other cryptocurrencies at this time almost feels like trying to catch a falling knife. Since no one knows if the bottom is in, there is a real chance the price will continue to drop even lower. At the same time, some speculators and analysts are confident things will start to look … Read more
The overall cryptocurrency market seems to have stabilized after a correction that lowered its total capitalization to below US$450 billion last week. That said, the market has yet to convincingly bounce back to pre-correction levels, as its market cap continues to drift between US$500 billion and US$600 billion. The Bears are Back November and December saw record highs across most cryptocurrency markets. … Read more
