Tag: 11k

Ethereum price falls below $1.1K and data suggests the bottom is still a ways away

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Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021. More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14, 2022, and the last time a similar event happened was mid-2021. ETH/BTC price at Binance, 2021. Source: TradingView Even though Bitcoin oscillated in a narrow range two weeks before the 0.082 ETH/BTC peak, this period marked the “DeFi summer”…

Bitcoin’s Bottom May be at $17k or Even Lower at $11k – Rich Dad Poor Dad Author

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Summary: Robert Kiyosaki has forecasted that Bitcoin might find a bottom at $17k or $11k Mr. Kiyosaki also said that market crashes were an opportune time to buy assets such as Bitcoin According to Bitcoin Analyst Timothy Peterson, Bitcoin could decouple from the Nasdaq at the $23k price area Bitcoin is once again facing the weekly close, and $28k is the support level to watch alongside the local low of $26,700 The author of the popular investing book Rich Dad Poor Dad, Robert Kiyosaki, has forecasted that Bitcoin could find…

Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to ‘buy the dip’

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The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling. Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin ETF added 1,132 BTC to its holdings. Data: Buy the dip interest “skyrocketing” Despite fears that Bitcoin is not yet done with its sell-off, an about turn at Purpose hints at increasing institutional demand. Beginning March 28, when BTC/USD traded above $48,000, Purpose began reducing its exposure, which at the time totaled 36,321 BTC. Wednesday’s increase is…

$47k showed strongest on-chain support since BTC broke $11k

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On-chain crypto analytics firm Glassnode has reported significant on-chain support was found for BTC at the roughly $47,000 level, describing the event as the largest on-chain support identified since Bitcoin broke above $11,000 in late 2020. According to a March 8 report from Glassnode, approximately 1.2 million Bitcoin were moved on-chain as BTC’s price traded between $45,500 to $48,900 after bouncing off a local low near $45,000 last week. Glassnode CTO Rafael Schultze-Kraft noted that roughly 6.5% of Bitcoin’s circulating supply moved on-chain as support was established. This support is…

‘Christmas magic,’ says Chainlink user who received $11K in donations for $50K mistake

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A crypto user who lost roughly $50,000 from a smart contract mistake before the holidays is thanking the crypto community for donating $11,000 to help recover the loss. Earlier this month, Github user dawidkabani13 said he had accidentally sent 4,005 Chainlink (LINK) — worth roughly $47,000 at the time — to an immutable Aavegotchi (GHST) smart contract on the Ethereum blockchain. He immediately realized that it did not support operations for the token and reached out to the crypto community asking for any and all help to recover his “life…

‘I would not short’ — Bitcoin buy the dip zone now $11K, says Tone Vays

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Bitcoin (BTC) is bullish in three key areas and a “perfect” buy-in is now no lower than $11,000, popular trader Tone Vays says. In the latest edition of his Trading Bitcoin YouTube series on Oct. 14, Vays presented an optimistic take on the Bitcoin price, which he argues has barely any bearish characteristics. Vays: $11,000 zone is “perfect” dip Examining the weekly and daily charts, Vays noted that there was little reason to expect a significant pullback beyond a “one to four-candle correction.” This is ongoing, with BTC/USD consolidating its…

Blockchain Bites: Bitcoin Crosses $11K While DOJ Takes Aim at Crypto

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Ethereum’s success drives imitation.  Just take a look at the latest report from the crypto-industry publication DappRadar: In the third quarter of 2020, Ethereum accounted for 96% of the total transaction volume over decentralized applications, including the blockchain-based trading and lending networks that have exploded in popularity in recent months.  Prices for ether (ETH), the Ethereum blockchain’s native token, have nearly tripled in 2020 to about $350. Such returns make better-known bitcoin’s 52% year-to-date gain look paltry.    CryptoX is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of…

Market Update: Bitcoin Captures $11K, Flash Buy Signals, Bollinger Band Squeeze

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Cryptocurrency markets are seeing decent gains on Friday following the announcement Square made the day prior about purchasing $50 million worth of bitcoin for reserves. During the morning trading sessions, the overall market capitalization of all 7,000+ crypto assets is up over 2% hovering at $340 billion. Digital currency markets are doing well on October 9, as a number of the top crypto markets have seen 24-hour gains. The positivity increased on Thursday, when the publicly listed firm, Square, told the public it purchased 4,709 BTC. Bitcoin is up 4.4%…

First Mover: Bitcoin Hits $11K as Square Exposes $2.3T Corporate Money Pot

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Payments company Square’s announcement that it would put some $50 million, or 1% of its assets, into bitcoin has touched off speculation that more corporations might do the same.  Jack Dorsey, the Twitter CEO who also helms Square, is a longtime bitcoin bull, so it wasn’t a huge surprise his company would put some of its corporate liquidity into the cryptocurrency. He’s following the path of MicroStrategy CEO Michael Saylor, who has invested at least $425 million of the company’s assets in bitcoin.  None other than Changpeng “CZ” Zhao, CEO of Binance,…

Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action

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The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment is turning optimistic. In the near term, traders believe $10,500 remains the most critical level for Bitcoin for numerous reasons. Most notably, it represents a historically important support level in both the ongoing cycle and previous price cycles.…