Tag: Key

Why is Bitcoin down today? Here are three key drivers of the $113,000 drop 

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Why is Bitcoin taking a downtrend over the past week, failing to hold up its recent gains and positive momentum. Summary Bitcoin is trading at $113,721, down 1.5% in 24 hours, with weekly losses above 55%. Large-scale profit-taking by long-term holders and loss-selling from short-term investors has added significant downward pressure on Bitcoin. Bitcoin (BTC) is currently trading at $113,721, posting a modest 1.5% drop in the last 24 hours. The day’s decline brings its losses on the week to approximately 5%, now putting the crypto market giant in the…

Crypto Analyst Reveals Key Altcoins To Watch Right Now

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. In a market update on August 19 titled “Key Altcoins To Watch Right Now,” crypto analyst Cryptoinsightuk argues that conditions are improving for a fresh leg higher in altcoins as Bitcoin dominance shows signs of easing.…

Key Levels To Watch In Light Of XRP’s Macro Future

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Key Factors Behind The Recent Drop

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The cryptocurrency market is experiencing significant price declines, particularly among the three largest digital assets: Bitcoin (BTC), Ethereum (ETH), and XRP.  Following record-breaking rallies in the previous week, these cryptocurrencies have seen notable losses, with Ethereum down 5.2%, XRP dropping 3.8%, and Solana (SOL) slipping 6%. Even memecoin Dogecoin (DOGE) has not been spared, losing 5.2% of its value. Crypto Market Faces New Downturn According to a recent report by Barron’s, the recent downturn can be attributed to a combination of macroeconomic factors that have dampened investor optimism.  Wholesale price…

ETH Faces Key $3.9K Test Amid Record Spot ETF Inflows

Key takeaways: Ether faces a liquidity battle between the $3,900 support and $4,400 resistance. Record ETF inflows of 649,000 ETH highlight sustained institutional demand. Long-term projections remain bullish, with dips toward $3,000 to $3,500 seen as setups for a rally toward $8,000. Ether (ETH) is entering a decisive trading week after recording its highest weekly candle close in over four years, with the price action currently caught between two critical liquidity zones, driving price fluctuations of more than 11%. On the downside, ETH established a Monday low at $4,224, placing…

Ether Sets Key $4,475 Weekly Close as Analysts Are Watching These Price Levels

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Key takeaways: ETH price hit a 4-year high weekly close at $4,475, driven by ETF inflows and high network activity. A key support zone for Ether sits between support at $4,000 and $4,150.  Ether (ETH) price hit another milestone this cycle after the ETH/USD trading pair achieved its highest weekly close since November 2021.  ETH/USD weekly chart. Source: Cointelegraph/TradingView Ether completes best week in four years Ether closed the week at $4,475 on Aug. 13, according to data from Cointelegraph Markets Pro and TradingView confirms.  This significant milestone follows a…

Ethereum Breaks Above Key Level Against Bitcoin, Sparking Bullish Cycle Talk

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Ethereum Eyes ‘Final Boss’, Analyst Says Weekly Close Is Key

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Ethereum (ETH) is attempting to reclaim a crucial area as price nears its 2021 all-time high (ATH). However, an analyst suggested that this week’s performance will be key for the long-awaited price discovery rally. Related Reading Ethereum Eyes Last Major Resistance Over the past week, Ethereum has had a remarkable performance, jumping nearly 30% to a multi-year high of $4,750 on Wednesday afternoon, just 3.3% away from its ATH of $4,848, recorded in November 2021. Notably, the King of Altcoins has seen a 40% recovery from the start-of-month pullback, finally…

Bitfarms Sells 1,052 BTC as Bitcoin Tests Key Support

Key Notes Bitfarms sold 1,052 BTC at an average of $95,500 in Q2. Revenue surged 87% year-over-year to $78 million. Bitcoin’s 3-month realized volatility drops to lowest since September 2023. Bitfarms, a publicly traded Bitcoin BTC $119 678 24h volatility: 0.5% Market cap: $2.38 T Vol. 24h: $44.57 B mining company, has released its financial results for the second quarter, revealing major strategic moves and a significant BTC sale. The miner’s total revenue climbed to $78 million, an 87% year-over-year increase. 🚨 JUST IN: Bitfarms Q2 2025 Results ✔ Revenue…