Bitcoin’s Upcoming ‘Death Cross’ May Not Be Catastrophic for BTC Investors Bitcoin is nearing the point of a ‘death cross’ event, yet an analyst argues that historical trends indicate this might not be as alarming as it appears. Understanding the ‘Death Cross’ Pattern A death cross signifies a bearish market signal that occurs when the […]
Key Metrics Indicate Traders’ Tepid Interest in Bitcoin Price The price of Bitcoin faces challenges as data from the stablecoin and futures markets reveal waning confidence among traders. Recent Market Movements Despite a 5.5% price increase on August 6, Bitcoin struggled to sustain its value above $57,000, even amidst positive trends in traditional financial markets. […]
Price Analysis for August 7: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Bitcoin is showing signs of a weakening recovery, suggesting that bearish sentiment is still present at elevated price levels. Market Overview Recently, Bitcoin’s (BTC) significant decline on August 5 has led to a liquidation of many leveraged positions. The trading […]
China’s Innovative Crypto Landscape Amidst Regulatory Challenges Investors in China are exploring creative approaches to engage with the digital asset markets, navigating significant regulatory challenges imposed by the government. The Chinese government’s stance on cryptocurrency has been marked by several notable bans over the years: a prohibition on banking transactions involving crypto in 2013, a […]
BTC Price Approaches $58K CME Gap Amid Two Bitcoin ‘Death Crosses’ Signals Bitcoin is grappling with liquidity challenges despite staging a notable recovery from its six-month lows. The question remains: can the upward trend in BTC price sustain itself? Current Market Overview As of August 7, Bitcoin (BTC) fluctuated around $56,000 during the Wall Street […]
Mt. Gox Creditors Hold Bitcoin After Long Wait Creditors of the Mt. Gox exchange continue to hold onto their Bitcoin despite having waited over ten years for its recovery. The Collapse of Mt. Gox Once a leading cryptocurrency exchange, Mt. Gox collapsed due to a severe security breach, leaving around 127,000 creditors in limbo regarding […]
Plus Token Ponzi Scheme Wallet Transfers $2 Billion in ETH After Extended Dormancy After being inactive for over three years, cryptocurrency wallets tied to the Plus Token Ponzi scheme have begun transferring $2 billion worth of Ether (ETH), which may have significant ramifications for the market. Recent analysis by onchain expert Lookonchain has identified around […]
Chico, California Implements Regulations for Bitcoin ATMs The city of Chico, located in California, is set to enhance oversight of Bitcoin ATMs through a combination of state laws and local regulations. This initiative aims to curb fraud and promote transparency among users. Local Government Initiatives During a committee meeting on August 7, Andy Pickett, the […]
Bitcoin’s Optimal Entry Point for Bull Market: Insights from 10x Research A recent analysis highlights that Bitcoin’s price should ideally return to the low $40,000 range for the best opportunity to enter the market ahead of a potential bull run. Waiting for the Right Price Market analysts suggest that investors may want to remain patient […]
Bitcoin Volatility Reaches High as Traders Prepare for Potential Decline Bitcoin’s volatility index has surged to its highest point in 20 months, sparking uncertainty among traders about potential future price drops. Recent Trends in Bitcoin Pricing The Bitcoin Volmex Implied Volatility Index rose to 97.14 on August 5, coinciding with Bitcoin’s brief dip below $50,000, […]
