Day: March 6, 2024

Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K?

Bitcoin price traded to a new all-time high above $69,000 before crashing. BTC is now consolidating near $63,000 and might decline toward the $60,000 support. Bitcoin price created history again and traded to a new all-time above $69,000. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the key $60,000 support zone. Bitcoin…

Deribit Exchange Expects Bitcoin To Rise 20% In The Next 30 Days, Targeting $80,000

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In a significant milestone for the cryptocurrency market, Bitcoin (BTC), the largest digital asset, shattered its previous records, surging past the $69,000 mark to establish a new all-time high (ATH) of $69,300 on Tuesday.  The achievement marked a historic moment for BTC, which hadn’t reached such levels in over two years. However, the crypto’s upward trajectory shows no signs of slowing down, with experts predicting further price gains. Bitcoin Price And ETFs In Perfect Harmony According to data from Deribit, an options and futures crypto exchange and analytics firm GenesisVol,…

Bitcoin ETFs Break Trading Volume Record — Blackrock’s IBIT Now Holds Over 170K BTC

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Ten spot bitcoin exchange-traded funds (ETFs) shattered their trading volume record on Tuesday, reaching a staggering $10 billion. Blackrock’s Ishares Bitcoin Trust (IBIT) continues to dominate, surpassing $11 billion in assets under management (AUM) and accumulating over 170,000 bitcoins. Record Volume Day for Spot Bitcoin ETFs Ten spot bitcoin exchange-traded funds (ETFs) extended their record-breaking […] Original

Bitcoin Sets New All-Time High Above $69,000 As Institutionals Show FOMO

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Bitcoin has set a new all-time high (ATH) above the $69,000 level as institutional investors have aggressively bought on Coinbase. Bitcoin Has Set A New ATH Above $69,000 The moment that every Bitcoin investor had been looking forward to has finally arrived today. The cryptocurrency just smashed past the record set in November 2021 to create a brand new ATH beyond the $69,000 level. BTC sets a new ATH | Source: BTCUSD on TradingView This historical moment has come for the asset as institutional investors have been showing some strong…

ShapeShift Settles SEC Charges It Sold Crypto Securities

The U.S. Securities and Exchange Commission filed a cease-and-desist against ShapeShift, a crypto exchange that previously operated out of Denver, Colorado, but has since shut down its U.S. exchange operations, alleging it operated before 2021 as an unregistered dealer for cryptocurrencies that were securities. Source

BTC’s Test of All-Time Highs Means Old Miners Are Cashing Out

“Considering that the exchange order book shows 5-10 bitcoins of liquidity for every $100 price change, a sell-off of 1,000 bitcoins is highly likely to trigger a significant price drop,” Bradley Park, an analyst at CryptoQuant, told CoinDesk in an interview. “Especially when traders are waiting to enter a short against bitcoin’s all-time high like on Tuesday.” Source BitcoincryptoexchangeExchanges CryptoX Portal

Digihost Secures Hosting Deal for 4,640 S19 XPs With Leading Bitcoin Miner Manufacturer

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Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a “leading” global provider of digital currency mining equipment. Digihost Expands Mining Fleet Under Newly Inked Multi-Year Hosting Deal Digihost (Nasdaq: DGHI; TSXV: DGHI) said the […] Original

Analyst Predicts Massive Rally For Dogecoin Price With A $1 Target, Here’s How

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Dogecoin recently jumped to the $0.2 level for the first time since November 2021 amidst a month of exceptional bullish price action. Notably, DOGE is currently up by 128% this month and 97% in the past seven days, giving DOGE holders something to be happy about. According to a crypto analyst, this price surge is expected to continue and go parabolic to the $1 mark in this market cycle.  Dogecoin Set To Perform Exceptionally Well Current market dynamics and bullish sentiment have seen DOGE shooting up in market capitalization after…