Tag: Peaking

Bitcoin correction case of pre-halving peaking: analysts

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As the 2024 Bitcoin halving approaches, Bitcoin (BTC) is struggling to hold above $63,000, and the price is expected to drop even further in what is termed a “correction.” Crypto analyst Michael van de Poppe took to X to state that the current consolidation is a case of “peaking pre-halving,” and there is still time for Bitcoin to hit a new all-time high. The consolidation on #Bitcoin continues. I don’t think we’ll see much spectacle coming from Bitcoin; if we do, it will need to break $70.3K. Above, there is…

These Levels All Suggest Bitcoin Could Rally to $48,000 Before Peaking

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Bitcoin has seen some wild price action today, setting new all-time highs before facing a 10% pullback that took place over the span of a few minutes This pullback was short-lived and has mostly been erased in the time since This type of volatility is to be expected in bull markets and is certainly not something indicative of a mid-term or long-term top It is important to also keep in mind that while BTC retraced heavily for a short period of time, the buying pressure at $36,000 was intense One…

Curve Finance (CRV) Spikes 100% on Peaking Trade Volume; What’s Next?

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The price of Curve Finance’s governance token CRV spiked by more than 100 percent as the decentralized exchange (DEX) experienced a massive surge in trade volume. Earnings Curve Finance processed about $2.8 billion worth of trades on Monday, almost 450 percent higher than its previous record high in September 2020. The jump in its trade volume coincided with a similar spike in the UniSwap decentralized exchange – of about $2 billion. Curve.fi total underlying volume. Source: Dune Analytics Together, the DEX platforms reported a $5.8 billion in total volume on…

Use of Bitcoin in Commerce Hit Low in May After Peaking at $411 Mln Last Year

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The volume of Bitcoin (BTC) used in commerce has declined significantly over the course of the last year, Bloomberg reports Aug. 1. Citing market research firm Chainalysis, Bloomberg reported that the volume of Bitcoin received by the largest 17 crypto merchant-processing services hit a low of $60 million in May 2018, after reaching a peak of $411 million in September 2017. The use of Bitcoin for payments has declined in tandem with its price, which peaked at almost $20,000 in December 2017 before its subsequent drop of over 50 percent.…