Bitcoin drops to support as looming CPI print shakes up crypto and stock markets
Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support. Go to Source Powered by WPeMatico
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Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?
Investors avoid risk assets during a crisis, but excessive cash sitting in financial institutions could also be good for the cryptocurrencies. Go to Source Powered by WPeMatico
Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Other Bitcoin miners such as Core Scientific, Argo Blockchain and Riot Blockchain have reduced their BTC holdings during the bear market. Go to Source Powered by WPeMatico
Bitcoin Price Holds at $23K, Miners Continue to Capitulate and Sell BTC
Bitcoin and Ethereum prices continue to trade sideways this weekend after establishing support at the $23k and $1,700 levels, respectively. The global cryptocurrency market cap remains unchanged at the $1.1 trillion level, as we see 24-hour trading volume for BTCUSD drop by 10%, while ETHUSD’s trading volume saw an increase of 4%. The markets will … Read more
Ethereum Price Soars to $1,700, Outperforms Bitcoin, Coinbase Partners With BlackRock
After a relatively stagnant market activity this week, with Bitcoin managing to hold the $23k support level, Ethereum soars to $1,700, gaining 6% today. With the recent price hike, ETHUSD is nearing the 50% market capitalization of Bitcoin, inching closer to possibly overtaking BTC as the most-valued cryptocurrency by market cap. The global cryptocurrency market … Read more
Bitcoin Price Tests Support at $22.8K, Crypto Market at a Standstill
After rising to the $23k level and peaking at $24.6k last week, Bitcoin’s price has been testing support as the global cryptocurrency market continued to trade sideways. With the Solana news breaking yesterday, Bitcoin’s price slid to the $22.8k level again, erasing last week’s gains. Understandably, Bitcoin is seeing bearish momentum, as the Solana hack … Read more
Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip
A lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly “risk-on.” Go to Source Powered by WPeMatico
Bitcoin Price Rises to $23K, Holds Support as Global Crypto Markets Trade Sideways
After last week’s volatility, Bitcoin has found its range, sideways trading in the $22k-$24k area for the past week. While Bitcoin found substantial support at the $22k level yesterday, BTC price saw additional price growth today, rising to $23k at writing. The global cryptocurrency market cap remains relatively flat at the $1 trillion level, signaling … Read more
Bitcoin Price Holds Above $22K as Crypto Market Continues to Trade Sideways
Bitcoin’s price found its sideways trading range around the $22k level as the crypto asset continues to trade sideways this week. After dipping to a low of $20k last week and peaking at $24k, the global crypto market is slowing down its momentum and trading volume. The good news is that the global cryptocurrency market … Read more
Best monthly gains since October 2021 — 5 things to know in Bitcoin this week
July closed with Bitcoin up almost 17%, but now, analysts are turning to how long the bullish trend can last. Go to Source Powered by WPeMatico
