US Bitcoin and Ethereum ETFs Surge to $6 Billion Volume Amid Market Downturn On August 5, Bitcoin experienced a significant decline, dropping below $50,000 at the onset of trading in the United States. This sharp drop led to a dramatic rise in trading volumes for crypto-related exchange-traded funds (ETFs). Major Volume Figures During the tumultuous […]
Trump Warns Current Administration Against Selling Bitcoin Former President Donald Trump has emphasized the importance of innovation in the digital asset landscape, stating that the United States risks falling behind if it does not adapt. In a recent discussion with influencer Adin Ross, Trump cautioned the current government against the sale of the nation’s Bitcoin […]
The Bitcoin Bottom May Not Be Reached — Traders Eye Low $40K Price Targets It seems crypto traders share a consensus that the current market turmoil is far from resolved. Market Overview Bitcoin (BTC) experienced a significant decline, dipping below $50,000 during early trading hours on August 5. This plunge has been fueled by a […]
Impending Turmoil in the Crypto Market: Factors Leading to Potential Capitulation The decline in traditional markets is seeping into the cryptocurrency arena, leading to a significant plummet across major assets. What elements contribute to this tumultuous situation? Analysis of Current Market Conditions On August 2, stock markets experienced a loss of $2.9 trillion, marking the […]
Justin Sun Addresses Liquidation Speculations During Market Decline During the weekend, the cryptocurrency market faced significant turmoil, resulting in the liquidation of over $1 billion in futures positions as concerns regarding a potential recession heightened. Justin Sun, who is the founder of Tron (TRX) and Huobi (HTX), refuted claims that there were forced liquidations of […]
Bitcoin Bears Dominate: Is it Time to Buy the Dip? The recent downturn in Bitcoin prices has left traders feeling despondent, with a significant drop from the recent high of $49,320. This decline has weakened chances of a quick recovery within the crypto market. Bitcoin Price Plummets On August 5, the price of Bitcoin (BTC) […]
Bitcoin Analysis: Seller Exhaustion Observed as BTC Price Bounces Back by 10% As the cryptocurrency markets readjust, Bitcoin (BTC) price has begun to recover, signaling a potential fatigue among sellers. This rebound occurred concurrently with the opening of Wall Street, where U.S. stocks managed to stabilize, contrasting sharply with declines observed in Asian markets. BTC […]
Robinhood Confirms 24-Hour Trading is Active Launched in May 2023, the 24-hour trading feature by Robinhood allows users to invest at their convenience. Current Status of 24-Hour Trading In response to rumors about a potential suspension of 24-hour trading, Robinhood has confirmed that the service is operational. A representative stated, “Our overnight trading session is […]
Market Makers Liquidate Over $300 Million in Ether as ETH Price Dips Below $2,200 The price of Ether experienced a significant drop, falling from above $3,000 to around $2,100, largely due to selling activities from a select group of market participants. The selling patterns of market makers have played a critical role in the recent […]
Potential Two-Month Bear Phase for Bitcoin Price — An Analysis Bitcoin may face an extended period of bearish pressure, lasting up to two months, before a possible breakout emerges from a bullish chart pattern. Bitcoin’s Current Downtrend: Insights from Analysts Popular analyst Rekt Capital suggests that Bitcoin’s price (BTC) is currently undergoing a downside deviation, […]
