Tag: Bitcoins

Bitcoin’s Fall Below $104K Sparks Extreme Fear

boss

Bitcoin’s pullback on Monday sent a quick chill through crypto markets, pulling sentiment down to levels not seen in months. Prices dipped to a 24-hour low of $103,938 after earlier trading above $109,000, and gauges of market mood turned sharply negative as investors reassessed risk. Related Reading Crypto Fear Hits Extreme Readings According to the Crypto Fear & Greed Index, the score fell to 21 out of 100 on Tuesday, a move that registers as “Extreme Fear.” That mark is the lowest in nearly seven months; the index previously hit…

Crypto Sentiment Plunges With Bitcoin’s Fall Below $106K

boss

Crypto market sentiment took a major fall on Tuesday after Bitcoin briefly fell below $106,000 for the first time in over three weeks. The Crypto Fear & Greed Index on Tuesday dropped by half from the day before to a score of 21 out of 100, indicating “Extreme Fear” in the crypto market. Bitcoin (BTC) fell to a 24-hour low of $105,540 on Monday, sliding from an intraday peak of over $109,000. It’s currently down 2% on the day, recovering above $106,500, per CoinGecko. The crypto sentiment tracking index’s score…

Will Bitcoin’s Latest Sunday Pump be Different This Time?

boss

Key points: Bitcoin reaches $111,000 for the first time in November, but traders anticipate the weekend’s upside unraveling. Coinbase sell pressure comes as a Bitcoin whale resumes distributing BTC. Bulls are still unable to reclaim lost support at $111,200 and above. Bitcoin (BTC) saw a late bid into Sunday’s weekly close as key reclaim levels stayed out of reach. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin traders distrust “Sunday pump” Data from Cointelegraph Markets Pro and TradingView tracked the BTC price action as it reached local highs of $111,129 on Bitstamp.…

Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data

CryptoX – Cryptocurrency Analysis and News Portal Lark Davis called November bitcoin’s strongest month with a 42.5% average gain; the median is far lower and a single outlier year does much of the lifting. Source The post Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data appeared first on CryptoX. CryptoX Portal

16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions

boss

A cluster of long-idle Bitcoin moved back into circulation Wednesday, raising fresh questions about selling pressure as prices slide from recent highs. Related Reading Sleeping Coins Stir After Years According to CryptoQuant analyst JA Maartun, exactly 15,965 BTC that had been idle for about three years were shifted earlier in the day. The coins moved while Bitcoin traded below $110,000, and at roughly $108,000 a coin the batch is worth about $1.724 billion. CryptoQuant’s on-chain records show these addresses had little to no activity since late 2022 and early 2023,…

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

boss

As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish signs are starting to emerge. Notably, stablecoin reserves on leading crypto exchanges like Binance are entering all-time high (ATH) territory, hinting at a potential rally for BTC. Stablecoin Reserves Rise – Will Bitcoin Benefit? According to a CryptoQuant Quicktake post by contributor PelinayPA, Binance stablecoin reserves are approaching ATH levels, indicating that investors are ready to deploy funds to accumulate BTC at current or lower levels. Related Reading The CryptoQuant…

Gold’s $2.5T Dip Eclipses Bitcoin’s Entire Market Cap

boss

Gold, one of the oldest and most trusted stores of value, suffered a brutal sell-off in just 24 hours, wiping out trillions of dollars in market value, more than the entire value of Bitcoin. The gold market extended Tuesday’s massive correction, with $2.5 trillion being erased from its market cap on Wednesday, according to the financial analysis publication, The Kobeissi Letter. Putting gold on track for its largest two-day decline since 2013, the 8% drop has sparked panic among investors who had turned to the metal as a hedge against…

Why is crypto up today? Gold crash fuels Bitcoin’s gains

boss

Gold saw its worst day in years, falling more than 5%, which fueled Bitcoin’s rally and pushed the crypto market higher. Summary The crypto market is rallying as Bitcoin almost reaches $114,000 Gold plunged over 5% intraday, likely due to overextension Crypto market sentiment may be shifting to neutral territory Gold is crashing, and Bitcoin is rallying, as markets see a dramatic reversal of typical safe-haven behavior. Bitcoin rose sharply on Tuesday, October 21, climbing to a daily high of $113,996.35, as gold was on track for its steepest daily…

BitcoinOS Pulls in $10M to Expand Bitcoin’s Institutional Infrastructure

boss

BitcoinOS (BOS), the operating system reimagining Bitcoin for digital economies, has raised $10 million in strategic funding from leading investors, including Greenfield Capital, FalconX, and the Bitcoin Frontier Fund, to expand its institutional BTCFi infrastructure. The London-based BitcoinOS project secured $10 million across several funding rounds led by Greenfield Capital, joined by FalconX, DNA Fund, […] Original